Vahrokh Vain

  • Home ▼
    • Announcements
    • About
  • Games ▼
    • EvE Online – The best space simulation MMORPG
      • EvE Online resources
        • EvE Online tutorials, links, software and resources
        • EvE software reviews
        • EvE downloads
      • Vaerah Vahrokha’s services
        • Services listing
          • Auditing
          • 3rd Party Service, Collateral Holding, Insurance
        • Public Audits Records (PAR)
        • Vahrokh’s Emergencies Relief Trust
        • VAERT thread on the EvE Online forums
        • VEMEX
          • EvE markets auto-cache downloader
        • Companies
      • EvE and real life finance
        • Price Action Trading Course
        • EvEMarketHistoryDump, an EvE markets OHLC data exporter
        • Importing EvE market data in a RL trading platform
        • EvE Online sample trades
        • Best finance books reviews
    • Istaria
    • World Of Warcraft
  • Downloads
  • Technology ▼
    • Computer
      • Tutorials
        • WordPress
          • W3 Total Cache
    • Software
  • Economy and finance ▼
    • CFTC, Forex and general trading disclaimers
    • Price Action Trading Course
    • Market analysis index
    • Best finance books
Vahrokh Vain > Technology > Computer > Games > EvE Online > EvE Online – Nitrogen Isotopes – 2012-01-18 – A very profitable trade

EvE Online – Nitrogen Isotopes – 2012-01-18 – A very profitable trade

19 February 2012 By vahrokh

Introduction EvE Online

This is an example of a trade taken in EvE® Online with criteria and software covered by the Price Action Trading Course published on this web site.

Both the various software setup and market analysis may look daunting at first. The effort is indeed required but only the first times. After that, the whole chain of procedures takes about 5 minutes, the market analysis takes 15-20 minutes. This is less time intensive than analyzing an EvE® trading route or finding out which items are to sell and which to reprocess.

This whole article is the complete “brain dump” of what would push a Price Action trader to open a trade. It’s quite long but I wanted to miss no detail and no step, to make it as understandable as possible.

 

~1~

Prices history has been exported from EvE Marketeer by following the procedure shown on this web site, at this location.

The resulting OHLC text file has subsequently been imported in the MultiCharts® Discretionary Trader charting software, by following the procedure shown on this web site, at this location.

 

Why the trade happened and market analysis

During the last years in EvE® Online, a player called Helicity Boson organized a “special event” called Hulkageddon. Around the end of each year, Helicity would create a forum thread detailing the ruleset and prizes for the next event, to be held in February. This year was no exception, the Hulkageddon V thread has been posted.

Hulkageddon causes ships destructions and minerals / ice isotopes shortage. This a nice earning opportunity for a series of players: industrial ships builders, suicide gank boats manufacturers, modules builders, miners and traders / speculators. Being a trader with a certain insight into the Nitrogen Isotopes market I kept tabs both on the Hulkageddon thread and the market.

The market had dropped a lot during the past months but I could not search for profit opportunities, since I was not subscribed to EvE® Online.
When I resubscribed (around December 20, 2011), Nitrogen Isotopes were already up to the resistance level of a continuity double bottom.

Nitrogen Isotopes monthly graph

All I could do was to wait. Price hit exactly Big Round Number (BRN) 600 and like a real life market, a cascade of sell orders triggered. As we call it in real life trading, “sellers took liquidity from the BRN 600 resistance”. The candle shadow (upper December 2011 candle “wick”) is exactly the graphical representation of the massive sellers reaction that happened the instant price (P) hit 600. In January P continued to drop. Later it’d form a monthly pin bar (PB) but I could not know about it back at middle of January 2012, when the same bar looked like a full bearish bar.

Now, at mid January, on one side I knew that the long term trend was going up and What Price is Doing (WPD) was Range Market (RM) with upwards bias (at least until a double top would form), on another I knew that Hulkageddon would start possibly 2 weeks later and prices would rise.

Pages: 1 2 3

Filed Under: Economy and finance, EvE Online, Trading Tagged With: course, EvE Online, free, market, PASR, price action, trading, tutorial, Vaerah Vahrokha, Vahrokh

Advertisment

Follow Vahrokh on:

RSS
Facebook
Twitter
YouTube
Follow by Email

Search

Login

  • Lost Password

Topics

  • Announcements (13)
  • Audit (11)
  • Communications (2)
  • Economy and finance (9)
  • EvE audit (11)
  • EvE Online (18)
  • EvE Online (49)
  • EvE public investment record (12)
  • EvE Vahrokh contract (8)
  • EvE Vahrokh investment (6)
  • Featured (9)
  • Games (24)
  • Market analyses (13)
  • Market mechanics (3)
  • Securities (1)
  • Software (5)
  • Trading (22)
  • W3 Total Cache (1)

History

  • January 2025 (1)
  • October 2015 (1)
  • July 2015 (2)
  • February 2015 (1)
  • January 2015 (3)
  • December 2014 (1)
  • August 2014 (1)
  • April 2014 (2)
  • February 2014 (4)
  • December 2013 (1)
  • November 2013 (6)
  • October 2013 (3)
  • September 2013 (1)
  • August 2013 (5)
  • March 2013 (1)
  • February 2013 (1)
  • November 2012 (1)
  • October 2012 (7)
  • August 2012 (2)
  • July 2012 (1)
  • June 2012 (1)
  • May 2012 (4)
  • April 2012 (2)
  • March 2012 (1)
  • February 2012 (10)
  • December 2011 (3)
  • June 2011 (9)
  • May 2011 (7)
  • April 2011 (1)
  • March 2011 (3)
  • February 2011 (7)
  • January 2011 (2)

English Terms of service, legal notice - Contact or request information Privacy

Italiano Richiesta informazioni / contatto - Privacy

Additional copyright notices and credits for the products, media, names and brands featured on this web site

Copyright © 2008–2025 Vahrokh.com - all rights reserved · Log in

Definitioner

OHLC
Open, High, Low, Close (and sometimes Volume) data, is a finance industry standards format used to represent price evolution during a certain period of time (daily, weekly, hourly...). OHLC data are consumed by financial analysis applications and by charting software to represent price action.
1 (OHLC)
Open, High, Low, Close (and sometimes Volume) data, is a finance industry standards format used to represent price evolution during a certain period of time (daily, weekly, hourly...). OHLC data are consumed by financial analysis applications and by charting software to represent price action.
1 (audit)
The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product.
1 (Meta game)
Meta gaming is a broad term usually used to define any strategy, action or method used in a game which transcends a prescribed ruleset, uses external factors to affect the game, or goes beyond the supposed limits or environment set by the game. Another definition refers to the game universe outside of the game itself.
1 (emergent)
Emergent gameplay refers to complex situations in video games, board games, or table top role-playing games that emerge from the interaction of relatively simple game mechanics.
1 (sandbox)
A sandbox game is a type of video game design where a player can roam freely through a virtual world and is given considerable freedom in choosing how or when to approach objectives. Sandbox emphasises a paradigm where, as in a physical sandbox, the user is entertained by his ability to do as they wish creatively and with there being "no right way" of playing the game
1 (discretionary)
A discretionary method is a trading method where little or no mechanical tools and procedures are used to decide the trades. A discretionary trader applies a solid ruleset basing on a flexible interpretation of the market
1 (PLEX)
A Pilot License Extension (PLEX) is an item that adds 30 days of game time to an EvE Online account. It is freely traded like any other in game item. CCP accepts to convert in game PLEXES to real money in case disasters and emergencies happen.
1 (NEISIN)
A New Eden Interstellar Securities Identification Number (NEISIN) uniquely identifies a security. While its structure is identical and strictly compliant with "real life" ISINs, NEISINs are tailored to New Eden investments and contracts.