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1Pakis (OP)
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September 03, 2012, 10:25:09 AM
 #1

I 'm starting this thread in order to keep a log of very simple analysis usually without comments from me.
You can comment you as much as you want.
Lets start:

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September 03, 2012, 10:31:48 AM
 #2


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September 03, 2012, 10:39:19 AM
 #3


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September 03, 2012, 10:58:28 AM
Last edit: September 03, 2012, 04:51:08 PM by 1Pakis
 #4

ur SC configuration is not correct
Where is the mistake?
What should I do to correct it?


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September 03, 2012, 11:46:15 AM
 #5

I 'm starting this thread in order to keep a log of very simple analysis usually without comments from me.

Why no comments? Given this is a forum community, a description would be helpful to a lot of people even if it is only one sentence.

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September 03, 2012, 12:08:45 PM
 #6

I thing because they are simple they are somehow self explained Smiley


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September 03, 2012, 12:31:08 PM
 #7

I thing because they are simple they are somehow self explained Smiley


From what I see, I understand that you use minimum and maximum day prices in certain days (typically in long-time lows and peaks). However, I don't understand how maximum and minimum prices in these days are relevant. You know, sometimes people sell/buy small amounts of bitcoins for much less/more than what market price is.

Care to explain your methods?






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1Pakis (OP)
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September 03, 2012, 04:48:01 PM
 #8

Quote
Care to explain your methods?

I don't have any specific method.
When you draw lines, channels, fibs, e.t.c. you use the extremes.
I don't recomment any entry or exit points.
I just try to keep it simple and not overanalyse.

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September 03, 2012, 05:05:44 PM
 #9

Quote
Care to explain your methods?

I don't have any specific method.
When you draw lines, channels, fibs, e.t.c. you use the extremes.
I don't recomment any entry or exit points.
I just try to keep it simple and not overanalyse.

Well, if you don't have a specific method and just draw straight lines and connect them somewhere then it seems like a random analysis that shows nothing.
Truth be told, I'm skeptical about technical analysis in general.






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RyNinDaCleM
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September 03, 2012, 10:46:13 PM
 #10


Well, if you don't have a specific method and just draw straight lines and connect them somewhere then it seems like a random analysis that shows nothing.
Truth be told, I'm skeptical about technical analysis in general.


Well, you can see that the trend-lines show obvious support/resistance, and that the descending channel was broken out of today. I would recommend however, the use of parallel lines to mark the top/bottom extremes of the channels, and everyone would be able to see how these channels hold up over time.

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September 04, 2012, 12:34:01 AM
 #11

These charts are all of the past. When do we get the future ones?

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September 04, 2012, 12:42:47 AM
 #12

These charts are all of the past. When do we get the future ones?

I'd pay some decent coin for SierraChart:Future!  Tongue

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September 04, 2012, 07:12:06 AM
 #13

@1pakis
have you thought of using logarithmic scale?
you'd have a different view

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September 06, 2012, 05:05:00 AM
 #14

I will try it.
I think log scale is for long term and very big price movements.

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September 06, 2012, 05:05:43 AM
 #15


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September 06, 2012, 05:19:31 AM
 #16


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September 06, 2012, 05:24:39 AM
 #17

Here is the log scale of the above image.
Not much difference.

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September 06, 2012, 12:23:33 PM
 #18

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September 06, 2012, 10:19:07 PM
 #19

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