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Vahrokh Vain > Economy and finance > Securities > Trading > Market analyses > EvE Online > 2013-08-27 [NIISO] Nitrogen Isotopes market analysis – Pt 1

2013-08-27 [NIISO] Nitrogen Isotopes market analysis – Pt 1

28 August 2013 By Vaerah Vahrokha

Nitrogen Isotopes market analysisEvE Online

~1~

Lately I have been contacted or EvE-mailed by some players, about what the Nitrogen Isotopes market is doing.

Some of them did that out of pure curiosity, some of them because they know I am into markets analysis and expecially into the Nitrogen Isotopes market. Some of them, finally, because they are personally invested at varying degrees of success.

This analysis will be atypical. I had prepared the material in August 24, to be posted on 25. Yet I had both real life and website technical issues so I had to delay the posting.

Despite being a bit outdated, I will post the original charts at first. Because:

  • they costed me some time to prepare and don’t want the effort to go to waste.
  • I want you to see the scenarios available 3 (almost 4) days ago and how they evolved.

EvE-mailBut first of all, I’ll post one of the many EvE-mails I send as reply to the players who ask me about the markets. I feel like I am not violating the player’s privacy as I have removed his name and the text is entirely my own reply with no quotes from his text.

The EvE-mail shows how I was talking him about a realistic scenario days ahead. Follows an EvE chart showing what price indeed did: it broke through the “mesa” and is going to retest the base of that mesa. I used “mesa” in the EvE-mail because that player does not know the finance jargon (here is an acronyms page) and so I could not mention it as being a “RM” (range market). The upper part and lower parts of the RM are nothing else but the RM’s resistance and support levels. The EvE chart shows arrows indicating the various bits I talked about in the EvE-mail.

Here’s the chart updated to today:

2013-08-27 nitrogen isotopes market analysis

Where did I take those ideas about “mesa” and similar? Simple, from the market analysis I was due to post.

Follows the original market analysis, which is a bit outdated but still relevant and, most of all, shows the evolution of the market through its own targets and levels.

Monthly chart

What Price is Doing (WPD)

Long term price is in an uptrend, started with the March 2013 BUOB but never officially confirmed by a price action pattern. There is an IB (inside bar) at July 2013 but those usually only give informations, not confirmations.

We may draw a red trend line and find a dynamic resistance price will have to fight to try and break through. Notice the “try” specifier.

The yellow lines, as usual, represent the Big Round Numbers (BRNs) relevant to this market.

The purple line is a monthly level. Now, notice how it nicely matches the last swing but also how it acts as resistance and support to 2011 and 2012 bars. Reading the price at that level once again reveals how traders collectively and inconsciously tend to use round numbers. In fact the level sits at 697.62 ISK, which means that the sum of thousands of trades ended up producing a level 2.38 ISK away from 700 RN. This proves that levels are not a fabrication, but real “points of interest” for market participants. Market participants who love to think in round, decimal numbers.

 2013-08-25 Nitrogen Isotopes Monthly chart

Related Posts

  • 2013-09-01 [NIISO] Nitrogen Isotopes market analysis – Pt 2
  • 2013-10-08 The downloads section is up again
  • [NIISO] Nitrogen Isotopes market analysis
  • 2013-12-27 Continuing the restoring of the downloads section
  • 2013-10-26 [NIISO] Nitrogen Isotopes market analysis

Related posts:

  1. 2013-09-01 [NIISO] Nitrogen Isotopes market analysis – Pt 2
  2. 2013-10-08 [PLEX] PLEX market analysis
  3. 2013-10-26 [NIISO] Nitrogen Isotopes market analysis
  4. 2013-10-08 The downloads section is up again
  5. Appendix: Analysis and trade examples
Pages: 1 2 3

Filed Under: EvE Online, Market analyses Tagged With: EvE Online, market analysis, niiso, nitrogen isotopes, PASR, price action, Vaerah Vahrokha, vahft

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Definitioner

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.