I have the worst time knowing when to cut a loss with a trade. What do some of you guys set up a stop loss at?
The key is to open your trade at the right point with the right indicators to begin with and then you will almost never be faced with a situation where you have to 'stop loss' because there will be all kinds of bounces on the way back to your entry point before the indicator you entered on reverses. |
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btce is like "I should dump $20 lower than everyone else just incase this time it's the end of bitcoin"
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I was wondering, every Chinese exchange gets their bank acocunts closed, but BTC-China does not have that problem at all?  Wrong. Their deposit channels have gone from 4 options to 1 option. They simply don't like posting about it. I mention this because Bobby Leed keeps saying that it is just business as usual for BTC-China Everytime Bobby Lee says something, it is something extremely bullish, no matter what. Do you notice a pattern? |
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Bear market is not back on until (if) 1D crosses down.
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Prices of assets are not just about long term projections but about present events and what the market can bear presently. It is about supply and demand. If 2/3 of the market and its volume suddenly vanishes then you are left with a much smaller market which can't possibly bear the current prices while providing liquidity to bitcoin users. I don't get what this has to do with 'fud'.
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Well it is Fear Uncertainty and Doubt ... news causing FUD doesnt have to be fake.
Banks closing means loss of liquidity which is an element that has nothing to do with fear, uncertainty, or doubt. |
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At this rate, the 3D MACD might not cross over tomorrow.
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bitstamp, bitfinex, and btce are just slaves that follow huobi via arbitrage bots. The sooner you accept this and stop fighting it because of how you think it is fundamentally wrong, the better time you will have trading.
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 Meanwhile, at cryptsy... |
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Most of the articles are things we already know about.
April 10 - "Bitcoin is not banned in China" - We already knew that.
April 16 - "Huobi's bank account being closed" - We knew that too.
Yet somehow people's sentiments change every time because they were operating under some flawed logic.
Didnt Baidu stop accepting Bitcoin to launch their own payment system? I thought that happened months ago also. 1 hour old. nvm: you are right and there's a paywall... |
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Most of the articles are things we already know about.
April 10 - "Bitcoin is not banned in China" - We already knew that.
April 16 - "Huobi's bank account being closed" - We knew that too.
Yet somehow people's sentiments change every time because they were operating under some flawed logic.
Didnt Baidu stop accepting Bitcoin to launch their own payment system? I thought that happened months ago also. |
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Most of the articles are things we already know about.
April 10 - "Bitcoin is not banned in China" - We already knew that.
April 16 - "Huobi's bank account being closed" - We knew that too.
Yet somehow people's sentiments change every time because they were operating under some flawed logic.
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Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.
It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then. In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD??? By real I mean the article isn't a complete fabrication by a trader. Seriously, just few days ago PBOC had a public conference and journalists asked about Bitcoin, and the governor said : "PBOC Won’t Ban Bitcoin " ..... I did notice that each time the price goes up an article popup about china banning Bitcoin, the one from today said that they will do it after one week, in December they said they will do it on new years then February, then in March they said the 15th April... come on people.... played me once, shame on you, played me twice shame on me... http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/ This isn't about banning bitcoin. It's about segregating it from the fiat banking system. People are free to use the bitcoin technology but not pay an exchange with their bank account. |
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The impressive 3 day upmove is a likely indicator that a new bull market is beginning but not it's not a certainty and in any case a correction is due.
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Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.
It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then. In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD??? By real I mean the article isn't a complete fabrication by a trader. |
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Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.
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Elliot wave? I thought Elliot was waving from a train
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 A serious correction is due. After that, if we can break above the purple cloud, we are back in a bull market. |
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