Topic: Gold collapsing. Bitcoin UP. - page 1468. (Read 2032274 times)
And that's where we disagree, so back to square one.
Not caring about how the market works, is a good idea for making profits is it?
i actually think i do understand how it works. that's the 30% fundamentals. i formulate my own opinions and ignore the noise.
Not caring about how the market works, is a good idea for making profits is it?
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not so much. but my TA at least involves price considerations.
Your assumption is that the price is not phony.
How do you know?i don't know and i don't care. as long as i can cash out with a profit that's all that matters.
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not so much. but my TA at least involves price considerations.
Your assumption is that the price is not phony.
How do you know? You based sentiment from a single topic on a forum of relatively intelligent people?
i glance at sentiment polls from time to time. not so much. but yes, a bottom will form in gold/silver when this thread becomes a ghost town.
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do you have any idea how dangerous this assumption is? what if its real? what if all the conspiracy theories are just denial?
It is a fact. Do you know that futures contracts do not need to be backed?
yes. but how do u know they aren't just hedging plays?
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As for the ETFs, warehouse storage etc. there are reasons to believe scams are going on but less is certain than with the futures markets.
Your technical analysis relies on assumptions, is that not dangerous?
Your technical analysis relies on assumptions, is that not dangerous?
not so much. but my TA at least involves price considerations.
depending on how stubborn you are with your fundamental analysis, you could follow the price all the way down to $500 and still be in denial.
You based sentiment from a single topic on a forum of relatively intelligent people?
It is a fact. Do you know that futures contracts do not need to be backed?
As for the ETFs, warehouse storage etc. there are reasons to believe scams are going on but less is certain than with the futures markets.
Your technical analysis relies on assumptions, is that not dangerous?
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do you have any idea how dangerous this assumption is? what if its real? what if all the conspiracy theories are just denial?
It is a fact. Do you know that futures contracts do not need to be backed?
As for the ETFs, warehouse storage etc. there are reasons to believe scams are going on but less is certain than with the futures markets.
Your technical analysis relies on assumptions, is that not dangerous?
The price is the most deceiving of all. And the sentiment for gold is low right now.
price is what pays.
The price is based upon the fake gold markets, so the price is fake. It is easy to manipulate providing one has enough fiat money and the potential amount of fiat money that the manipulators can use is infinite.
do you have any idea how dangerous this assumption is? what if its real? what if all the conspiracy theories are just denial?
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Do you admit that the sentiment for gold is at a low right now?
no, b/c i have all u guys trolling me everyday. the denial around here runs deep.
The price is the most deceiving of all. And the sentiment for gold is low right now.
price is what pays.
The price is based upon the fake gold markets, so the price is fake. It is easy to manipulate providing one has enough fiat money and the potential amount of fiat money that the manipulators can use is infinite.
Do you admit that the sentiment for gold is at a low right now?
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Much better to trade on fundamentals over the long run.
wrong. a good technical analysis method helps greatly. i said before, for me 70% technicals, 30% fundamentals.How do you define "good technical analysis"? Is there a scientific or objective criteria ?
If there's another guy think himself too has a "good technical analysis" and he happens to work for Goldman sucks or JP Morgue, then ... money speaks.
They have almost unlimited funding sources, individual traders don't; via their brokerage and money power, they have access to essentially all real-time, hard-to-come-by information, individual traders don't; they get telegraphic signals before economic trend or policy change being made public, individual traders don't.
Common sense tells us TPTB has a preference for lower PM prices. If you trade technical in this market, you are playing in the big guy's turf, it's not an even playground.
this is exactly why you need a good technical analysis method. the "big boys" have access to information i don't have. i can watch all the Jim Sinclair videos i want but do i "really" know that China is buying up gold? and even if i do, how does it balance out with worldwide demand or supply?
you have to follow price otherwise you'll be swimming blind against the trend constantly. this is how bull markets end when everyone just sees blue skies.
Let me see if I read you correctly: even without those information, those resources, your "technical analysis" is still better, you can outsmart, outgun the "big boys". Somehow by just reading the price chart, you can neutralize all the advantages the "big boys" have thru their super computers, algos, crazy HFT bots, etc.
I believe there's Santa and eastern bunny, but this ... is too much.
tell me just what exactly are these advantages that they all seem to have?
i thought it was all about taking free money, leveraging it to the hilt, and betting on any and all asset classes that might have a story behind it understanding full well that if they fail, they will be bailed out?
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Much better to trade on fundamentals over the long run.
wrong. a good technical analysis method helps greatly. i said before, for me 70% technicals, 30% fundamentals.How do you define "good technical analysis"? Is there a scientific or objective criteria ?
If there's another guy think himself too has a "good technical analysis" and he happens to work for Goldman sucks or JP Morgue, then ... money speaks.
They have almost unlimited funding sources, individual traders don't; via their brokerage and money power, they have access to essentially all real-time, hard-to-come-by information, individual traders don't; they get telegraphic signals before economic trend or policy change being made public, individual traders don't.
Common sense tells us TPTB has a preference for lower PM prices. If you trade technical in this market, you are playing in the big guy's turf, it's not an even playground.
this is exactly why you need a good technical analysis method. the "big boys" have access to information i don't have. i can watch all the Jim Sinclair videos i want but do i "really" know that China is buying up gold? and even if i do, how does it balance out with worldwide demand or supply?
you have to follow price otherwise you'll be swimming blind against the trend constantly. this is how bull markets end when everyone just sees blue skies.
Let me see if I read you correctly: even without those information, those resources, your "technical analysis" is still better, you can outsmart, outgun the "big boys". Somehow by just reading the price chart, you can neutralize all the advantages the "big boys" have thru their super computers, algos, crazy HFT bots, etc.
I believe there's Santa and eastern bunny, but this ... is too much.
The price is the most deceiving of all. And the sentiment for gold is low right now.
price is what pays.
Quote
Much better to trade on fundamentals over the long run.
wrong. a good technical analysis method helps greatly. i said before, for me 70% technicals, 30% fundamentals.How do you define "good technical analysis"? Is there a scientific or objective criteria ?
If there's another guy think himself too has a "good technical analysis" and he happens to work for Goldman sucks or JP Morgue, then ... money speaks.
They have almost unlimited funding sources, individual traders don't; via their brokerage and money power, they have access to essentially all real-time, hard-to-come-by information, individual traders don't; they get telegraphic signals before economic trend or policy change being made public, individual traders don't.
Common sense tells us TPTB has a preference for lower PM prices. If you trade technical in this market, you are playing in the big guy's turf, it's not an even playground.
This is the biggest reason why I've no love lost for TA in mainstream markets. Some people seem to be able to use it as an effective tool, but mostly on conjunction with solid fundamental analysis.
I would give more credence to TA in an out-of-band market like Bitcoin, but at the end of the day, I'm simply not a trader. Having some clue about what the markets will do is only mildly of use to me in the relatively rare instances when I wish to buy or sell. Even then, I find cost averaging to be more appropriate for me and I'm happy with the strategy.
i tell my subscribers that i'm the first to admit that TA on Bitcoin doesn't really work. at least wave analysis. it's too nascent.
the fundamentals are more important.
my TA depends on historical statistics which i have just begun to build with quite some early promise.
The price is the most deceiving of all. And the sentiment for gold is low right now.
I haven't got time for risky bets where timing is everything and the window of opportunity is small. I'd rather build my skills as a software developer and entrepreneur and eventually get rich that way.
There are some easy bets to make such as with disaster trading. I made some profit on the Japanese earthquake last year. Funnily people were telling me doing that is somehow immoral as if I caused the earthquake.
But trading short term volatility is too much of a headache and too much can go wrong. Accumulating on dips in bull markets sounds like good, easy and safe strategy to me.
There are some easy bets to make such as with disaster trading. I made some profit on the Japanese earthquake last year. Funnily people were telling me doing that is somehow immoral as if I caused the earthquake.
But trading short term volatility is too much of a headache and too much can go wrong. Accumulating on dips in bull markets sounds like good, easy and safe strategy to me.
yeah, but this hasn't been just short term volatility. this selloff has gone on for a year in silver and 9 months in gold and miners.
and the worst thing about it is that it's been grinding. it's continually held out hope and then cruelly snatched it away.
that's BRUTAL.
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Much better to trade on fundamentals over the long run.
wrong. a good technical analysis method helps greatly. i said before, for me 70% technicals, 30% fundamentals.How do you define "good technical analysis"? Is there a scientific or objective criteria ?
If there's another guy think himself too has a "good technical analysis" and he happens to work for Goldman sucks or JP Morgue, then ... money speaks.
They have almost unlimited funding sources, individual traders don't; via their brokerage and money power, they have access to essentially all real-time, hard-to-come-by information, individual traders don't; they get telegraphic signals before economic trend or policy change being made public, individual traders don't.
Common sense tells us TPTB has a preference for lower PM prices. If you trade technical in this market, you are playing in the big guy's turf, it's not an even playground.
this is exactly why you need a good technical analysis method. the "big boys" have access to information i don't have. i can watch all the Jim Sinclair videos i want but do i "really" know that China is buying up gold? and even if i do, how does it balance out with worldwide demand or supply?
you have to follow price otherwise you'll be swimming blind against the trend constantly. this is how bull markets end when everyone just sees blue skies.
I haven't got time for risky bets where timing is everything and the window of opportunity is small. I'd rather build my skills as a software developer and entrepreneur and eventually get rich that way.
There are some easy bets to make such as with disaster trading. I made some profit on the Japanese earthquake last year. Funnily people were telling me doing that is somehow immoral as if I caused the earthquake.
But trading short term volatility is too much of a headache and too much can go wrong. Accumulating on dips in bull markets sounds like good, easy and safe strategy to me.
There are some easy bets to make such as with disaster trading. I made some profit on the Japanese earthquake last year. Funnily people were telling me doing that is somehow immoral as if I caused the earthquake.
But trading short term volatility is too much of a headache and too much can go wrong. Accumulating on dips in bull markets sounds like good, easy and safe strategy to me.
@cypherdoc: Your timing was wrong. I remember you were significantly early for the record top gold made.
9 days and one minor wave early is nothing in a 12 yr bull.
I did say more time is needed for you to be vindicated.
you're entitled to that but in the meantime you've missed an incredible opportunity to go short from the top and make enormous gains.
i know, i know, you're not interested in playing fiat games; you'll accumulate bullion forever.
but what if you're wrong?
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Much better to trade on fundamentals over the long run.
wrong. a good technical analysis method helps greatly. i said before, for me 70% technicals, 30% fundamentals.How do you define "good technical analysis"? Is there a scientific or objective criteria ?
If there's another guy think himself too has a "good technical analysis" and he happens to work for Goldman sucks or JP Morgue, then ... money speaks.
They have almost unlimited funding sources, individual traders don't; via their brokerage and money power, they have access to essentially all real-time, hard-to-come-by information, individual traders don't; they get telegraphic signals before economic trend or policy change being made public, individual traders don't.
Common sense tells us TPTB has a preference for lower PM prices. If you trade technical in this market, you are playing in the big guy's turf, it's not an even playground.
This is the biggest reason why I've no love lost for TA in mainstream markets. Some people seem to be able to use it as an effective tool, but mostly on conjunction with solid fundamental analysis.
I would give more credence to TA in an out-of-band market like Bitcoin, but at the end of the day, I'm simply not a trader. Having some clue about what the markets will do is only mildly of use to me in the relatively rare instances when I wish to buy or sell. Even then, I find cost averaging to be more appropriate for me and I'm happy with the strategy.
@cypherdoc: Your timing was wrong. I remember you were significantly early for the record top gold made.
9 days and one minor wave early is nothing in a 12 yr bull.
I did say more time is needed for you to be vindicated.
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