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Thread: How to Dominate the Grand Exchange

  1. #26
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    thanks very much you made help me with some merchant tips

  2. #27
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    Hi @3Garrett3,

    I've just drawn the resistance and support lines for Coal.

    Could you please let me know if I've done them right? I've included pictures with and without the lines

    Original



    With Lines



    I interpret this as an downward converging trend, and therefore a flippable item. Can you just confirm these lines I did are correct? Thanks
    Attached Images Attached Images
    Last edited by rickhunley; 05-23-2015 at 10:58 AM.

  3. #28
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    Great guide! One (safe) bet to consider is that DXPW is on it's way. Buy items that will for sure go up!

  4. #29
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    Also here is the toadflax (unf) trend lines.



    Initially there is a downward converging (good time to invest), and then upward converging (sell at a certain point).

    It looks like there's a downward trend about to start (not good for me, as I'm trying to use this method for profiting off herbs.

    I think the theory of this is the changing patterns of money making, i.e. people switching to other methods to make money, and people no longer needing a certain herb type.

    I just need to calculate the volatility and keep a daily watch to ensure I don't lose money :P

    I think at some points during the day, the potions sell for a lot 6.3k, but average around 5.5k at the moment. Is there a way to calculate the best time to sell? i.e. 6.3K?

    Thanks and let me know if my info is wrong
    Last edited by rickhunley; 05-23-2015 at 11:43 AM.

  5. #30
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    Quote Originally Posted by rickhunley View Post
    Hi @3Garrett3,

    I've just drawn the resistance and support lines for Coal.

    Could you please let me know if I've done them right? I've included pictures with and without the lines

    Original



    With Lines



    I interpret this as an downward converging trend, and therefore a flippable item. Can you just confirm these lines I did are correct? Thanks
    I'd say your support/resistance lines look good on this drawing. As you can see, you said "Downward Converging" and as soon as the price broke through the resistance level it skyrocketed in price.

    Quote Originally Posted by rickhunley View Post
    Also here is the toadflax (unf) trend lines.



    Initially there is a downward converging (good time to invest), and then upward converging (sell at a certain point).

    It looks like there's a downward trend about to start (not good for me, as I'm trying to use this method for profiting off herbs.

    I think the theory of this is the changing patterns of money making, i.e. people switching to other methods to make money, and people no longer needing a certain herb type.

    I just need to calculate the volatility and keep a daily watch to ensure I don't lose money :P

    I think at some points during the day, the potions sell for a lot 6.3k, but average around 5.5k at the moment. Is there a way to calculate the best time to sell? i.e. 6.3K?

    Thanks and let me know if my info is wrong
    I'm not too sure about this one though, the upward converging lines seem like an optimistic view. To me they look parallel and it would be hard to go from there, but I notice the way the support line is drawn it appears to be missing a few points and if drawn to incorporate those you could probably say it was upward converging. You can see that the result was what you predicted though. The price dramatically dropped after the price fell through the support level.

    As for your question about daily volatility, the price will depend a lot on supply and demand. It's impossible for me to guess what time of day the price is high and what is low, but you might look into getting a bit of data on it over a week or two and then graphing the instant prices over the hour of day or something.

    Scripts: Edgeville Chop & Bank, GE Merchanting Aid
    Tutorials: How to Dominate the Grand Exchange

    Quote Originally Posted by YoHoJo View Post
    I like hentai.

  6. #31
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    Impressive guide, very thorough. Looking to get into merching with the help of this and your merchant aid script!

  7. #32
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    Wow nice tutorial extremely detailed, is going to help a lot

  8. #33
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    Mate, this is awesome! Part one is something that is quite commonly known on merchanting clans... but part two really knocked the socks off the situation, especially the code. Thank you for sharing
    Yer a wizard, 'oopi

  9. #34
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    Damn, looks useful. Thanks

  10. #35
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    well... i'm off to play the stock markets! just kidding. This is an Great guide!

  11. #36
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    One of the best guides I have ever read - and I used to be part of a well known merch clan.

  12. #37
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    Fantastic guide, thanks so much for sharing!

  13. #38
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    very helpful! enjoyed reading this

  14. #39
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    I never thought that flipping had such a science behind it, thank you very much

  15. #40
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    Wow, amazing post. This is all applicable nearly two years later.

    I loved the diagrams, was really refreshing to see compared to other guides here.

  16. #41
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    Very cool topic. I used to play the auction house quite successfully in WoW. I should get into it more in RS

  17. #42
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    This is going to be a great asset considering I'm going to start flipping

  18. #43
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    You basically just gave everyone on a crash course on micro economics.
    By far the best Guide out there to flipping, and not just a Buy low sell high guide.

    Thanks alot!

  19. #44
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    this is amazing...thank you for guide

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