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  • #1,193,361
  • Apr 27, 2021 5:25pm Apr 27, 2021 5:25pm
Quoting viptrading
{quote} A logical fallacy.
Spend about a year trading the crypto market, and hopefully you will catch on.
Learn from your mistakes and march on.
  • #1,193,362
  • Apr 27, 2021 5:28pm Apr 27, 2021 5:28pm
Sold more @ 1.2088
Trade to enjoy... Money is after!
  • #1,193,363
  • Apr 27, 2021 5:40pm Apr 27, 2021 5:40pm
Quoting here2there
{quote} Spend about a year trading the crypto market, and hopefully you will catch on.
I think we all learned one thing today is a fact that you have absolutely no idea how to trade. You have no strategy, you are delusional in believing BTC is correlated with USD. You definitely have logical fallacy like viptrading said. On top of that, you are getting angry, because you can't stand the fact that you are wrong, and you absolutely do not know how to trade. You have not shared a single chart for example about any currency, does not have to be EURUSD, I mean any equity asset, for you to show if you are buying it or selling it, and explaining your strategy in a very simple way. Nothing, all you did was getting upset, angry and you are trolling here everytime you comeback into this thread. You are for now totally useless here. Until you start sharing charts and analysis, you are absolutely just a troll here. That's it, you have not shared a single useful information about anything involved investing/trading, all you do is complain and troll, totally useless. You are not a trader/investor. I don't think you ever were. And stop talking about cryptos and bitcoins like you're an expert, when first thing you did wrong was claiming that BTC is correlated with USD when in fact BTC is not correlated with any asset out there.
  • #1,193,364
  • Apr 27, 2021 5:45pm Apr 27, 2021 5:45pm
Quoting viptrading
{quote} Ok, back to this post. So you have a good point, why did I draw my lines where I did instead of tip to tip how you did? The answer partially lies in price action. Allow me to explain. #1 I have a bias that EUR is undervalued when compared to USD at this point, this bias I built from fundamental and technical analysis. In other words I believe that the chances of a probable rise outweigh the chances or a probable fall for EURUSD. #2 The price is in an upward trend, so the momentum is in in favor of the bulls in this case. (The trend is your...
Every extension needs a correction to extend more.
EU is overextended now. Even if you are righ about these lines, PA is telling me at least a correction is happening.
I suggest look at swissy and DXY on H4. What do you see in bottom of chart? I see only my favorite setup: Fail to continue!
EU needs some breathing. He is running a long way about 400 pips. PA is telling he is planning to camp near 1965 for a while. Then he will decide which way to go.
Trade to enjoy... Money is after!
  • #1,193,365
  • Apr 27, 2021 5:46pm Apr 27, 2021 5:46pm
Quoting Techanalyst
{quote} I think we all learned one thing today is a fact that you have absolutely no idea how to trade. You have no strategy, you are delusional in believing BTC is correlated with USD. You definitely have logical fallacy like viptrading said. On top of that, you are getting angry, because you can't stand the fact that you are wrong, and you absolutely do not know how to trade. You have not shared a single chart for example about any currency, does not have to be EURUSD, I mean any equity asset, for you to show if you are buying it or selling it,...
You are trolling.
Learn from your mistakes and march on.
  • #1,193,366
  • Apr 27, 2021 5:52pm Apr 27, 2021 5:52pm
Quoting here2there
{quote} Spend about a year trading the crypto market, and hopefully you will catch on.
Another logical fallacy lol. Just because you trade crypto, and even if you made money doing it, doesn't make any of your opinions valid without evidence. By the way evidence isn't two charts that seem to behave the way you think. The proof is in the data, and as of right now the data shows that BTC and USD are not negatively correlated, what you are experiencing is confirmation bias....

In, fact BTC and USD if anything may be slightly positively correlated based on the link I shared earlier, but to an extremely small degree. There is no real correlation here. Now, BTC and the rest of the Crypto market are correlated, so when BTC crashes the entire crypto market will fall with it, that is a fact.

Let me explain why you are wrong in the simplest way I can.

If BTC was to go to 100k today, the value of the USD would not change at all due to BTC doubling.
  • #1,193,367
  • Apr 27, 2021 5:55pm Apr 27, 2021 5:55pm
Quoting saninvestor
{quote} Every extension needs a correction to extend more. EU is overextended now. Even if you are righ about these lines, PA is telling me at least a correction is happening. I suggest look at swissy and DXY on H4. What do you see in bottom of chart? I see only my favorite setup: Fail to continue! EU needs some breathing. He is running a long way about 400 pips. PA is telling he is planning to camp near 1965 for a while. Then he will decide which way to go.
You might be right, but for me, I do not base trades only on what I see on the charts.

Post your chart of swissy and DXY I will see what you mean.
  • #1,193,368
  • Apr 27, 2021 6:03pm Apr 27, 2021 6:03pm
Quoting viptrading
{quote} You might be right, but for me, I do not base trades only on what I see on the charts. Post your chart of swissy and DXY I will see what you mean.
What broker do you use?
  • #1,193,369
  • Apr 27, 2021 6:15pm Apr 27, 2021 6:15pm
Quoting viptrading
{quote} ...If BTC was to go to 100k today, the value of the USD would not change at all due to BTC doubling.
This comment shows you have no clue what I am talking about. Please, just leave it be and get on with your life.
Learn from your mistakes and march on.
  • #1,193,370
  • Apr 27, 2021 6:19pm Apr 27, 2021 6:19pm
Quoting viptrading
{quote} You might be right, but for me, I do not base trades only on what I see on the charts. Post your chart of swissy and DXY I will see what you mean.
DXY H4
Attached Image (click to enlarge)
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USDCHF H4
Attached Image (click to enlarge)
Click to Enlarge Name: 6a4aea0c99c33b1c32aa9d6a670b0cd9.png Size: 16 KB
Trade to enjoy... Money is after!
  • #1,193,371
  • Apr 27, 2021 6:20pm Apr 27, 2021 6:20pm
Quoting Techanalyst
{quote} What broker do you use?
OANDA
  • #1,193,372
  • Apr 27, 2021 6:20pm Apr 27, 2021 6:20pm
Now that we have established that BTC is not correlated with any other asset out there, back to trading. I entered a buy in USDJPY.
Attached Image (click to enlarge)
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  • #1,193,373
  • Apr 27, 2021 6:23pm Apr 27, 2021 6:23pm
Quoting viptrading
{quote} OANDA
I use friedberg direct. How do you like with OANDA any issues or are you good with OANDA?
  • #1,193,374
  • Apr 27, 2021 6:50pm Apr 27, 2021 6:50pm
Quoting here2there
{quote} This comment shows you have no clue what I am talking about. Please, just leave it be and get on with your life.
Ok, so I am wrong, all the others who said that BTC and USD are not negatively correlated are wrong, literal DATA is wrong, and your delicate little flower of an opinion is correct. Got it. I will move on knowing I was attempting to conversate with someone who chooses to live in delusion rather than actually learn something.

But, by all means, please prove me and the data wrong, site some actual statistics or proof that its correlated, I am always open to changing my opinion, I do not hold on to opinions like a baby suckling on it's mothers teet in the same way you do. Part of being a good trader is leaning to adapt, so I am open to debate, but you haven't actually sited anything worth debating, you just refuse to engage when you are shown contrarian views! Not a good thought process to have for someone in this industry.

the saying is ADAPT AND OVERCOME

not ASSUME AND OVERLEVERAGE

By the way even Google doesn't agree with you.

Attached Image (click to enlarge)
Click to Enlarge Name: btc.png Size: 36 KB

And because you probably wont read the article I will post the relevant section here, I even highlighted it for you...

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 156 KB

So, it was just as I suspected. USD effects the price of BTC not the other way around. Also, this person who collected this data (which by the way I think is flawed when compared to the previous link I posted) Came to the conclusion that IF there is any correlation at all, it is in fact POSITIVE correlation, not negative, and even that correlation is not enough to actually be able to have any predictive power according to the writer.
  • #1,193,375
  • Apr 27, 2021 6:51pm Apr 27, 2021 6:51pm
Quoting Techanalyst
{quote} I use friedberg direct. How do you like with OANDA any issues or are you good with OANDA?
OANDA is great. For me being in Canada it is awesome and since I am in Toronto there is even a head office here, I like knowing that.
  • #1,193,376
  • Apr 27, 2021 6:54pm Apr 27, 2021 6:54pm
Quoting Techanalyst
Now that we have established that BTC is not correlated with any other asset out there...{image}
You haven't established anything of the sort. You and your buddies in here clearly don't understand how correlation works between BTC and USD in the crypto market.
Learn from your mistakes and march on.
  • #1,193,377
  • Apr 27, 2021 6:57pm Apr 27, 2021 6:57pm
Quoting saninvestor
{quote} DXY H4 {image} USDCHF H4 {image}
Please elaborate on what exactly you are trying to show. I see lines but no projections.
Thanks.
  • #1,193,378
  • Apr 27, 2021 7:06pm Apr 27, 2021 7:06pm
Quoting viptrading
{quote} Ok, so I am wrong, all the others who said that BTC and USD are not negatively correlated are wrong, literal DATA is wrong, and your delicate little flower of an opinion is correct. Got it. I will move on knowing I was attempting to conversate with someone who chooses to live in delusion rather than actually learn something. But, by all means, please prove me and the data wrong, site some actual statistics or proof that its correlated, I am always open to changing my opinion, I do not hold on to opinions like a baby suckling on it's mothers...
You are the one who is delusional. I showed you on a chart that there is a degree of negative correlation. The problem is you lack experience trading in the crypto market. That's why you can't grasp what I am talking about. But if you ever decide to trade crypto, I am almost certain you will eventually admit that you were wrong and I am right, for then you will get the point (hopefully). Until then, there is no point in arguing with you, because the subject is clearly beyond your comprehension due to lack of experience on your part.

And by the way, I NEVER said BTC effects the price of USD. You clearly don't know what I am saying, because you aren't listening.
Learn from your mistakes and march on.
  • #1,193,379
  • Apr 27, 2021 7:10pm Apr 27, 2021 7:10pm
Quoting here2there
{quote} You are the one who is delusional. I showed you on a chart that there is a degree of negative correlation. The problem is you lack experience trading in the crypto market. That's why you can't grasp what I am talking about. But if you ever decide to trade crypto, I am almost certain you will eventually admit that you were wrong and I am right, for then you will get the point. Until then, there is no point in arguing with you, because the subject is clearly beyond your comprehension due to lack of experience.
Leave the thread. You are useless here.
  • #1,193,380
  • Apr 27, 2021 7:14pm Apr 27, 2021 7:14pm
Quoting Techanalyst
{quote} Leave the thread. You are useless here.
Leave the thread. You are useless here.
Learn from your mistakes and march on.
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