podyx
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January 06, 2015, 09:40:59 PM |
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I was joking
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phoenix1
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January 06, 2015, 09:42:19 PM |
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I was joking I know, I LOL'd
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"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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Trolololo
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January 06, 2015, 09:59:53 PM |
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Please, sirs. This is EW thread.
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rampantparanoia
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January 07, 2015, 12:19:30 AM Last edit: January 07, 2015, 01:18:48 AM by rampantparanoia |
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not my chart
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Afrikoin
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alan watts is all you need
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January 08, 2015, 08:12:01 PM |
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Continuation pattern on the 1 Day chart Bitfinex?
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RyNinDaCleM
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Legen -wait for it- dary
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January 08, 2015, 11:16:25 PM |
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Continuation pattern on the 1 Day chart Bitfinex? 3 waves up on declining volume? I'd have to agree. The other option is a pull back to ~$275-280 and an even more declining volume rise to the $320's
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arieq
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January 08, 2015, 11:42:36 PM |
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Analyzing the past data is so misleading when the market is so volatile and manipulated...not that I mind it. manipulated it is, if it weren't for the pressure of mined coins being dumped daily and stolen stamp coins, i wouldn't be surprised if that manipulation would almost be futile
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Tzupy
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January 08, 2015, 11:50:57 PM |
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Analyzing past data is IMO important for the interpretation of current data.
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Sometimes, if it looks too bullish, it's actually bearish
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Afrikoin
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alan watts is all you need
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January 09, 2015, 07:00:56 AM |
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Analyzing the past data is so misleading when the market is so volatile and manipulated...not that I mind it. manipulated it is, if it weren't for the pressure of mined coins being dumped daily and stolen stamp coins, i wouldn't be surprised if that manipulation would almost be futile
Manipulation manifests itself in price action, price movement, volumes. Charts reflect everything! FYI, 1 minute ago is still the past. So whatever do you mean?
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madmat
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January 09, 2015, 07:59:11 AM |
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Chessnut ? Any update ?
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inca
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January 09, 2015, 09:01:39 AM |
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Analyzing past data is IMO important for the interpretation of current data.
Almost sounds like using the past to predict the future
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eboard10
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January 09, 2015, 09:36:48 AM |
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Continuation pattern on the 1 Day chart Bitfinex? 3 waves up on declining volume? I'd have to agree. The other option is a pull back to ~$275-280 and an even more declining volume rise to the $320's Yes, I'm also keeping the option of one last leg up to $310 open before the last push down. Let's see how it plays out.
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Tzupy
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January 09, 2015, 10:26:24 AM |
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310$ doesn't make sense to me. Either resistance at 295$ will prove too strong, and then down we go, or a mini rally could reach at least 330$.
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Sometimes, if it looks too bullish, it's actually bearish
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eboard10
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January 09, 2015, 10:44:23 AM |
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310$ doesn't make sense to me. Either resistance at 295$ will prove too strong, and then down we go, or a mini rally could reach at least 330$.
I'm looking at the Houbi chart. Target is 1917 CNY, circa $309. If we cross that resistance we could go up to 2020 CNY or $325, but no higher than that.
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Afrikoin
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alan watts is all you need
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January 09, 2015, 01:36:25 PM |
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I have a probing question. .
Since EW seems to be working so well (IMO) at least in terms of general price direction, what happens when this technique becomes public information and everyone (almost) knows what to expect? What happens then?
Has EW worked consistently for other asset classes?
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eboard10
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January 09, 2015, 02:14:31 PM Last edit: January 09, 2015, 02:31:26 PM by eboard10 |
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I have a probing question. .
Since EW seems to be working so well (IMO) at least in terms of general price direction, what happens when this technique becomes public information and everyone (almost) knows what to expect? What happens then?
Has EW worked consistently for other asset classes?
EW works for pretty much everything. From investopedia: Ralph Nelson Elliott developed the Elliott Wave Theory in the late 1920s by discovering that stock markets, thought to behave in a somewhat chaotic manner, in fact traded in repetitive cycles.
Elliott discovered that these market cycles resulted from investors' reactions to outside influences, or predominant psychology of the masses at the time. He found that the upward and downward swings of the mass psychology always showed up in the same repetitive patterns, which were then divided further into patterns he termed "waves".
Elliott's theory is somewhat based on the Dow theory in that stock prices move in waves. Because of the "fractal" nature of markets, however, Elliott was able to break down and analyze them in much greater detail. Fractals are mathematical structures, which on an ever-smaller scale infinitely repeat themselves. Elliott discovered stock-trading patterns were structured in the same way. Since markets are driven by public sentiment, the more liquid the market and the higher the number of investors, the more it will follow EW principles. I don't think it will ever become mainstream and will always be looked at with a degree of scepticism. However, don't assume that it's easy to use. On the contrary, due to its repetitive and fractal nature, it's very hard to determine the true pattern that will play out which is constantly changing based on where market sentiment moves.
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Queeq
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January 09, 2015, 02:56:57 PM |
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On the contrary, due to its repetitive and fractal nature, it's very hard to determine the true pattern that will play out which is constantly changing based on where market sentiment moves.
And you will always have different counts possible which lead to diametrically opposite resolutions. So it's mostly about probabilities.
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Afrikoin
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alan watts is all you need
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January 10, 2015, 11:11:20 PM |
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On the contrary, due to its repetitive and fractal nature, it's very hard to determine the true pattern that will play out which is constantly changing based on where market sentiment moves.
And you will always have different counts possible which lead to diametrically opposite resolutions. So it's mostly about probabilities. What do you say to this then ?
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BTCtrader71
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January 10, 2015, 11:34:22 PM Last edit: January 10, 2015, 11:51:24 PM by BTCtrader71 |
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On the contrary, due to its repetitive and fractal nature, it's very hard to determine the true pattern that will play out which is constantly changing based on where market sentiment moves.
And you will always have different counts possible which lead to diametrically opposite resolutions. So it's mostly about probabilities. What do you say to this then ? Compelling charts. But --- the bottom one ought to be labelled 2011, not 2012. EDIT: Better now
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BTC: 14oTcy1DNEXbcYjzPBpRWV11ZafWxNP8EU
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podyx
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January 12, 2015, 06:05:04 PM |
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Cheesenut, got some EW for us?
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