Quite so - although I disagree Blood's advice about choosing carefully what to read. I say read as much as you can from a wide variety of ideas, or get a book by a credible author which is a summary of everything. These exist, as you know..or you ...

W D. Gann was a phony who made money selling courses

Thankyou for asking. I chose a house because in itself it is an amalgam of a thousand different "things" - like a basket used to calculate the inflation metric. From buying a vacant block of land to having a fully functioning house. Whilst possibly ...

W D. Gann was a phony who made money selling courses

I was talking about actual inflation, not that published by a government department - trust their figures at your own peril. They struggle to take account of changes in technology and general living standards (like housing) and many other changes. ...

W D. Gann was a phony who made money selling courses

$100,000 in the 1955 would actually have been quite a substantial amount of dosh. I'm guessing around the equivalent of 10 million in 2020 dollars. What is more interesting/revealing (and indirectly corroborates what his son said) is that elsewhere ...

W D. Gann was a phony who made money selling courses

Did you leave out a word deliberately? I would've, too.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Quite so, if you know the utter bare basics about money management and capital preservation, who gives a toss if margin requirements are toughened up. People trade using funds from their credit card? Beggars belief - I know that many folk would pay ...

ASIC deals massive blow to Australian CFD industry

It is an unfortunate predicament that in life some things shall be impossible to fathom, so they ought not be questioned in any serious dialogue. For example, should you find yourself in the presence of deity, would you ask if they will have fries ...

Envelopes, Waves and Cycles in Gold

You may find that gold is one of the least reactive chemical elements. It dissolves in alkaline solutions of cyanide, but that's about it.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I whipped up enough Vodka eggnog to drop a reindeer, too.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

There's a joke about a technical trader and a fundamental trader having coffee together. The coffee wobbles a bit, and then eventually spills. The fundamental trader lets it fall to the floor. There was a lot of mess to be cleaned up and the new ...

Nat Gas anyone?

Exactly what *is* your chart. Because people often don't like to label them and it isn't very nice.

Nat Gas anyone?

I'll have to think about JOLTS - that sounds like a much better measure than simply "vacancies", or job advertisements, both of which are terrible figures and really meaningless. As to gold volatility - on Nov 26 I posted on the Gold/silver thread ...

Macro Talk

I am not sure that injections/withdrawals add much information. By definition they must be reasonably close. Any mismatch is ephemeral and fixed pretty quickly (arrgh - tautology Lloyd!) - not minute by minute or even hour by hour, but certainly ...

Nat Gas anyone?

Naturally big commercial and industrial users are taking this opportunity to buy forward. They are not necessarily contingent on seasonal factors - eg, food processors, paper and glass manufacturers etc.

Nat Gas anyone?

I am totally unclear about what is motivating all this. I guess I could read up, but if I know anything about regulations, they attempt to treat the symptom rather than the cause. Who are they trying to protect? And why?

ASIC deals massive blow to Australian CFD industry

I wouldn't bother optimising beyond what is generally accepted. Really. I have about a thousand reasons for saying that, probably most of which have been articulated by others, including the late Mr Babcock who was mentioned here and whose books I ...

Curve fitting vs optimization

Well, I do what is called Monte Carlo analysis on a Wiener process. The results are by definition normally distributed, to the extent that one can trust the function NORMSINV(rand()) in Excel 2010. I have just one parameter, volatility, which is ...

Curve fitting vs optimization

Yes - I have briefly mentioned the fractal nature of financial markets (post 71), and anything scribed by the late Dr Mandelbrot is a must for me. Quite tricky to convert into anything solid we may build into a useful indicator, although people have ...

Trading book(s) - please recommend if you can

I think that it is very fair to question a persons credibility should they make a claim about it. That is well established in Evidence Law, as well as what is normal for a functioning society. Where I live there is currently a book about ...

Trading book(s) - please recommend if you can

The word random is not in my vocabulary when thinking of price action. I think that if you want to talk about "it", you must be very careful. Google may be your friend. It is accepted that PA is white noise. It is also pink noise. Generally accepted ...

Trading book(s) - please recommend if you can