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Economy / Speculation / Re: Critical Levels - EW analysis
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on: November 15, 2014, 03:47:46 PM
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Sold part of my position at $ 378. According to me, it broke the triangle to the downside. I am still long a considerable part of my portfolio.
Was that rational or emotional decision? |
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1347
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Economy / Speculation / Re: 10th 3dMACD bar started GREEN!
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on: November 15, 2014, 01:33:23 PM
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After each bubble (at peak) there was this scheme: red -> green -> red -> greeeeeeeeeeen Bubble
And now we are in this second green stage (but with a very small one red bar).
It will not give you 100% certainity that there will be new bubble soon anyway...
And that red bar could be ignored because it was just oscillation around 0 (its value was -0.5649 @Bitstamp). |
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1349
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Economy / Speculation / Re: Analysis never ends
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on: November 15, 2014, 12:08:56 PM
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So I guess my question is what changed his thinking that we were in 3 last November to we might just be starting 3?
There are 5 waves in a historical cycle. In this context, the 3 from last November would have been the 3 of 5, so now he is thinking we are in historical 2 where 1 was in November. 5 of 5 of (1) to be more precise. Disclaimer: The preceding post is not necessarily the view of the poster.Elliot Wave. It's like reading books for kids on high drugs  LOL EW mostly work in theory and hard to match in market. 100 People draw EW will have 100 different picture result That's the problem with EW right there, there are so many different possible counts that there's always one that matches, but it's impossible to predict which count is the right one until the future actually shows us. Maybe traders with good market intuition are able to make money using EW theory, but I'd say that's because of their intuition and not because EW itself has any predictive value. Agree. EW is just method, which work fine on paper, but reallity is completely different. |
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1351
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Economy / Speculation / Re: Critical Levels - EW analysis
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on: November 15, 2014, 10:08:45 AM
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Be prepared for violent downside moves here.
How far down would a break below $ 379 to the bottom take us? Back to $355? $ 333? or a complete breakdown to retest bottom lows? Don't believe to other people. Otherwise you will become just another sheep without wool. |
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1355
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 14, 2014, 03:57:46 PM
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What is going on  What's going on is we're up over 16% since a week ago. That in itself is pretty crazy, anything above 400 at this time is just incredible. We're down 7.5% in 24hrs   [/quote What is going on What's going on is we're up over 16% since a week ago. That in itself is pretty crazy, anything above 400 at this time is just incredible. We're down 7.5% in 24hrs So what! We will be > 100% in couple of months. |
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Good to see that someone remembers it: 
