Quote from: RyNinDaCleM on January 21, 2012, 03:52:32 PM

Quote from: proudhon on January 21, 2012, 03:44:10 PM

Quote from: Bebop on January 21, 2012, 03:40:24 PM

Real time stats (at time of posting):

Applying the Goomboo system (I forgot the offical name of the system) it would seem too early to go long because there is no crossover yet (at 3pm)....

I can see the crossover at 10am(ish), followed by a large volume of red. This red represents traders going short in response to the crossover right?

Can anyone speculate out loud here, and just describe what might be happening at the 1pm-3pm. Whis is the cause of all the Green. I speculate one thing -- that it can't be traders on the 21/10 because theres no crossover yet..

I can be traders reacting to the 21/10 crossover that prompted the shorting. Over time 21/10 trading will become less and less profitable now that it's been made a topic of discussion here.

This, and the contrarians! If everyone does the same thing, the price would plummet indefinitely. Or rise for that matter.

Excellent point RyNinDaCleM,

For every buyer there is a seller and for every seller is a buyer. My long is your short and your short is my long. The beautiful thing about the markets - we potentially could both be right or wrong. Markets aren't only an exchange of financial assets, but also an exchange of ideas.

So if anyone is interested in trading against the trend, who am I to say that you are wrong? Trend following works for me, but if you are profitable - adjusted for risk - in other ventures, go for it!