Nitrogen Isotopes market analysis~1~
This is not just a market analysis but also a story about a peculiar trade and (see the daily chart section) the single handedly most important theory explanation I have written in all these years.
Always striving for innovation, I have taken the idea from VAERT’s Sister Funds: to spread risk, points of failure and workload over multiple organizations.
In this first pilot project I have contacted a nice player called Rhivre and asked her to sell a portion (8 billions ISK worth if I recall correctly) of my Nitrogen Isotopes stock. She did that and all were happy: me for not having had to sell everything (even if that stock was a fraction of the total) and she for having made some ISK for herself. Since then, I have also asked to other traders and have sold more and different items through them.
A natural series of questions about this initiative could arise:
– “why are you involving others?
– “isn’t disclosing your stock dangerous?
– “aren’t you giving up on profits by sharing the sales and letting those traders sell at better prices?”
The answer is this: peace of mind. I stopped caring to min max profits and performance long ago. I prefer sharing wealth to others who have the standings and the patience to station trade my stock. It’s still much more efficient than my old custom of just dumping the stock on buy orders.
As for keeping “trade secrets” and similar, all the SCC Lounge chat members who play at my hours know I tell my things in public. Since I deal with the most liquid markets of EvE it’s hard to face consequences for disclosing the stock.
What Price is Doing (WPD)
The market is still in uptrend. That’s more or less all the information we need. For the rest, I wanted to show the effect Big Round Numbers (BRNs) have on price: the cyan arrows show just some of the price interactions with the nearest BRNs, you could add many more by looking at the other BRNs and how they interact with price. The 3rd from last bar is a massive pin bar, proving there has been a large sellout in that month. The pin bar has not been strong enough to invert the trend, so price is currently forming range markets inside it.