Analysis - page 127. | Bitcointalksearch.org

hdbuck

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Quote from: Morecoin Freeman on November 04, 2015, 09:08:06 PM

...

Quote from: masterluc on November 02, 2015, 08:21:09 PM

When you finished great or (especially) bad trade you should go rest/beer/friends/whores/family. Anything but not trade. Stay away from trade. When emotions will calm, start to think what next.

Because in the end that is what I did to improve. I would turn off my computer and go read a book in the sun.
Really starting to appreciate my profits instead of being in such a hurry to make more all the time.

Realizing there will be plenty of great opportunities down the road brought me happy times.

nothing like profit "down" the road.

molecular

donator

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Quote from: masterluc on November 04, 2015, 03:25:41 PM

I decline to analze this. The multi year Great 3 has been started.

Thanks for everything!

Tmdz

hero member

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It requires a strong gut to put up with the trading market, the worst thing to do is panic trade. BTC Will always go up and receive boom and busts, make a plan and do some smart trades. Make a solid trade or 2 but if after that trade some losses follow don't worry about it, relax and things might bounce the next day. I experienced today was a sharp decline to 404 then it started trading up quickly, got some at 417 as I thought it will probably raise to higher levels later. Then it dropped to 370 or so and everyone started going nuts losing their minds like this was it btc was doomed. Meh I held and now prices are at 430 something, likely to rise to some nicer levels later on. The big thing is don't panic and.. don't trade if your emotions start messing with you.

gentlemand

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Welt Am Draht

Quote from: DieJohnny on November 04, 2015, 09:28:50 PM

I suck at trading these posts help me remember why I don't do it anymore... i am certain there is a frame of mind perfectly suited for trading, just not mine.

The most successful traders are those who are not quite of this world. And I wonder how much the outrageous successes have burnt through before they became financial ice men or women. As one Hollywood exec said, if they'd greenlit all the films they'd said no to and blew off the ones they said yes to they'd probably have ended up in the exact same position.

DieJohnny

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Quote from: Morecoin Freeman on November 04, 2015, 09:08:06 PM

Quote from: pontikis13 on November 04, 2015, 08:46:17 PM

I had sold every last coin I owned at 500. After masterluc announced that analysis ended I was finally convinced that this is the next bubble and bought back in at 470.
Panic sold at 415. Bought back in at 420. Then panic sold 392. All in all a horrible way to end the day lol

I was in a similar situation while trading alt coins back in 2013-2014.
Immediately following up my best trades with multiple terrible ones, wasting my profit.

I really liked this advice:

Quote from: masterluc on November 02, 2015, 08:21:09 PM

When you finished great or (especially) bad trade you should go rest/beer/friends/whores/family. Anything but not trade. Stay away from trade. When emotions will calm, start to think what next.

Because in the end that is what I did to improve. I would turn off my computer and go read a book in the sun.
Really starting to appreciate my profits instead of being in such a hurry to make more all the time.

Realizing there will be plenty of great opportunities down the road brought me happy times.

I suck at trading these posts help me remember why I don't do it anymore... i am certain there is a frame of mind perfectly suited for trading, just not mine.

pontikis13

newbie

Activity: 53

Merit: 0

Quote from: Morecoin Freeman on November 04, 2015, 09:08:06 PM

Quote from: pontikis13 on November 04, 2015, 08:46:17 PM

I had sold every last coin I owned at 500. After masterluc announced that analysis ended I was finally convinced that this is the next bubble and bought back in at 470.
Panic sold at 415. Bought back in at 420. Then panic sold 392. All in all a horrible way to end the day lol

I was in a similar situation while trading alt coins back in 2013-2014.
Immediately following up my best trades with multiple terrible ones, wasting my profit.

I really liked this advice:

Quote from: masterluc on November 02, 2015, 08:21:09 PM

When you finished great or (especially) bad trade you should go rest/beer/friends/whores/family. Anything but not trade. Stay away from trade. When emotions will calm, start to think what next.

Because in the end that is what I did to improve. I would turn off my computer and go read a book in the sun.
Really starting to appreciate my profits instead of being in such a hurry to make more all the time.

Realizing there will be plenty of great opportunities down the road brought me happy times.

Thats great advice. Thanks. The past is the past. I'm going to learn from it and move forward.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: pontikis13 on November 04, 2015, 08:46:17 PM

I had sold every last coin I owned at 500. After masterluc announced that analysis ended I was finally convinced that this is the next bubble and bought back in at 470.
Panic sold at 415. Bought back in at 420. Then panic sold 392. All in all a horrible way to end the day lol

I was in a similar situation while trading alt coins back in 2013-2014.
Immediately following up my best trades with multiple terrible ones, wasting my profit.

I really liked this advice:

Quote from: masterluc on November 02, 2015, 08:21:09 PM

When you finished great or (especially) bad trade you should go rest/beer/friends/whores/family. Anything but not trade. Stay away from trade. When emotions will calm, start to think what next.

Because in the end that is what I did to improve. I would turn off my computer and go read a book in the sun.
Really starting to appreciate my profits instead of being in such a hurry to make more all the time.

Realizing there will be plenty of great opportunities down the road brought me happy times.

pontikis13

newbie

Activity: 53

Merit: 0

I had sold every last coin I owned at 500. After masterluc announced that analysis ended I was finally convinced that this is the next bubble and bought back in at 470.
Panic sold at 415. Bought back in at 420. Then panic sold 392. All in all a horrible way to end the day lol

infofront

legendary

Activity: 2646

Merit: 2793

Shitcoin Minimalist

Quote from: klee on November 04, 2015, 08:10:50 PM

Quote from: Miz4r on November 04, 2015, 07:47:27 PM

Quote from: windjc on November 04, 2015, 07:08:24 PM

Quote from: masterluc on November 04, 2015, 03:46:35 PM

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

Is there an objective way to count the waves? Or is it up to anyone's interpretation?

Both. There are guidelines, but as with anything else, the data can be interpreted in multiple ways. That's why, given the same circumstances, you can see vastly different EW analyses.

klee

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Quote from: Miz4r on November 04, 2015, 07:47:27 PM

Quote from: windjc on November 04, 2015, 07:08:24 PM

Quote from: masterluc on November 04, 2015, 03:46:35 PM

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

Is there an objective way to count the waves? Or is it up to anyone's interpretation?

heropzy

member

Activity: 83

Merit: 10

Don't quit, Luc. We missed you Cheesy

Tzupy

legendary

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Merit: 1094

I'm sorry to hear that masterluc enters a silence phase, I hope my "polluting" of his thread, especially during these last days, wasn't among the causes.

About the market, I think we need to form a bullish double bottom before going up, so need to test support again (happening as I write this... Grin

).
At a larger time frame, this exciting evolution may fit into the "THE wave B" scenario, of an accelerated wave C that we just entered.
But it depends how much fresh fiat is going to hit the exchanges during the next weeks, if China dries up, then it's a good case for wave C.
If price recovers and stays close to 500$, then this may have been the wave 1 (and beginning of 2) of a new bubble.

Miz4r

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Quote from: windjc on November 04, 2015, 07:08:24 PM

Quote from: masterluc on November 04, 2015, 03:46:35 PM

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

You understand EW theory I presume? Masterluc is just saying that we're still only in local wave 3 since 240, and that he expected to see a corrective wave 4 much earlier. That's why he sold his coins at 320-360 or something around there.

I don't really understand why this is a reason for masterluc to end his analysis though. So wave 3 was bigger than anticipated, and wave 4 seems to be underway right now. Why is this such a problem? You can't correctly predict and ride every single wave out there, this one was too big and unexpected also for me and I've been hanging on all the way in November 2013. Chinese buyers are just something else lol.

windjc

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Quote from: masterluc on November 04, 2015, 03:46:35 PM

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Can someone translate this for me? Thx.

hdbuck

legendary

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thx master!

Zarathustra

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Quote from: megadeth on November 04, 2015, 05:59:40 PM

Quote from: Zarathustra on November 04, 2015, 05:51:22 PM

Quote from: oda.krell on November 04, 2015, 04:52:30 PM

Quote from: masterluc on November 04, 2015, 03:46:35 PM

Of course it may pop at some point, then recover, but there wasn't even 4rd wave since 240. All this is the local 3rd.

Anyway, this is above my skillz. I waited this great 3, it comes suddenly. I quit. Bye guys. Analysis ended.

Epic end to an epic thread.

Of three epic threads only one is left Angry

.

The three threads:
Goomboos Journal https://bitcointalksearch.org/topic/goomboos-journal-60501
This thread.
Third?

The thread with the 1'527'282 views.

mrbrt

hero member

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Anyone find it odd that there is a $60 USD difference between bitstamp and the chinese exchanges (okcoin, huobi)?

uki

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cryptojunk bag holder

Quote from: DiamondCardz on November 04, 2015, 05:57:12 PM

Quote from: thefiniteidea on November 04, 2015, 05:49:41 PM

Here comes the sanity... at $400 already.

Like an LSD trip wearing off.

Right now we're actually still up compared to yesterday. I wonder if we're going to stabilise around $400 or if we'll drop into the $300 range. I don't think we'll necessarily drop into the $200 range again though, at least I hope so Wink

I think we shouldn't go below $350 which was the top target of this rally for me. Right now that should be a solid support, if we are pushed below $400. Good to see a correction, because the pace of recent events was unsustainable and hard to explain by any fundamental news or TA.

@luc: sad to see you go, although I am not big fan of EW, nevertheless the quality of the posts in this thread deserves to keep it alive!

Joerii

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Thanks Master.

Sad to see the best thread on this forum come to a close though.

podyx

legendary

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Merit: 1035

chessnut's EW analysis too

Topic: Analysis - page 127. (Read 941567 times)