Sir, I believe that that was actually (quoting Wikipedia here..) Leonardo Pisano Bigollo (c. 1170 – c. 1250)– known as Fibonacci, and also Leonardo of Pisa, Leonardo Pisano, Leonardo Bonacci, Leonardo Fibonacci – was an Italian mathematician, ...

Technical Analysis Fallacy

No, I too agree with your sentiment. Whilst it is unlikely that the market would retrace to 1311 on the penultimate day of Oct 2013, it is not impossible. It appears more likely that gold may well snap past 1360 and race higher up to torture 1380, ...

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

Success is a journey, not a destination. You are successful, but not entirely in the financial way. To achieve the financial rewards ou seek you need to think differently. Set your goals and stay focussed and disciplined to achieving those goals and ...

After years in trading, do you still believe in get-rich-fast BS?

Dear Patience, I am afraid that you may well be confused with the difference between 7 inch vinyl and 7th place on current charts. Since there is no reference on Wikipedia to current chart placement or anything close to top ten current charts where ...

What kind of music you hear while you trade?

Discipline is seperate from your hearing, and a result of training for the role. Focus is a function of concentration regardless subject to interference and requires a strong desire to achieve. Calm is a state of self-sufficiency with needs met to ...

What kind of music you hear while you trade?

The marketrs are holding with support at 1343. The markets are looking quite bullish for gold but there are several announcements today that could easily affect the direction gold takes. For Now I would place a buy-limit order at 1344.5 with a $1 ...

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

My car's a Golf TDi sport. Great minds think alike and fools never differ. I have historical data that goes back well over 20 years for some markets.

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

It seems to me that there is an issue with getting the right direction which is correct about 48.7% of the time. Knowing that figure to be reasonably accurate over 10k trader sample size, how does this factor into your math?

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Personally, I would adopt a "wait-and-see" position from a hedge using breakout stops and sell stops/buy limits excluding TP whilst watching a 1 min chart and a tick chart. Minute-by-minute analysis is required really and you had better make sure ...

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

Here is the promised history of Gold from 1 July 1992 to the present. You may notice a trend, or not. Consider how long you have been using your analysis package and compare the data to this chart and see if your package stands up to the test of ...

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

Very nice and sedate. Unlike my taste, unfortunately. I very much enjoyed the Nissan GTR doing the 0-60 in 3.2 seconds out my gate. That was easily the best feeling of a supercharged twin-turbo jet sound I have heard. As much as I'd like a Ferrari I ...

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

Yes, old chap. Very much an English gent in the country. Tea anyone? I fancy a new car. image

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

1. Don't assume anyone knows the future here. Nobody can predict the future. All we have is history and technical analyses to guess more accurately at the probabilities of the direction of the market and even lesser extent the level at which the ...

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

Did you all wave goodbye to the 1330's? We are at the boundary of 1360's. Look back over my posts and see if what the analysis was correct from last week... maybe today we get to see the 1363 borderpost before seeing a new direction? Nobody can ...

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

Twenty minutes to go... All bets are OFF. Trading the 1 min charts are great fun and so far unpredictable, as always. Chart patterns are telling an interesting story about the bulls and bears today. the UK storm has stirred the markets up a bit and ...

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

A1: My stats come from reputable people and organisations such as url , url and many others. A2: It is interesting to note that your quotation comes without the context of ..."Remember, anything can happen..." which is easily understood to mean ...

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

Good day to all you traders out there! Here we go: Looking at the charts of the past I notice that so many of your targets from tech analysis are not what the market tested. How disappointing for those who have been left hanging in the balance and ...

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

The future exists. Predicting it accurately with authority does not. If you want to know what your fortune is, look in your bank account. The Holy Grail is in development. We don't know who is developing it. We don't know when it will be completed. ...

Help! What is the actual holy grail in forex? I'm tired of losing

I am interested to know what these "Targets" are. Could you please explain them to me in as simple a way as possible? All I can see is what the market tells me it is doing and has done. I am yet to discover a way of predicting the future in the ...

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

1363.94 at a guess. Nobody can accurately predict the future. Not a single charting package can predict the forces that change markets like Chernobyl, Three Mile Island or 9/11 events which change everything forever. Anyone who says they know is ...

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