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    Milton Friedman dies

    It is scheduled for 12:00 a.m. ET on Sunday, November 19.
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    Detrending of data for daytrading

    You're right -- this is touched on by David Aronson in his book. He says the detrended data is used for calculating expected returns for the rule being tested but that the signals are generated by the actual time series.
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    trading legends I have met

    I'm guessing that was not the Soros order that he sued about . . . . Anyway . . . John Murphy . . . Monroe Trout . . . Robert Rotella . . . one of the Turtles (I had applied to be one but was rejected) . . . a member of the Brady commission was a friend of mine . . . Tom Russo, now Vice...
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    Milton Friedman dies

    On Book-TV (C-Span2), I remember seeing Brian Lamb (?) interview Friedman, probably in connection with his and his wife's autobiography being published. I just checked the Book-TV schedule and it appears that there is going to be a 3-hour slot called "In Depth: Milton Friedman," which may be a...
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    INTC announces QUAD cores early

    I'm curious, is there any trading platform that can take advantage of multiple cores? I don't keep up with cpu's anymore. Is multiple core the same as dual (or more) cpu's, except they're on the same silicon? Thanks.
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    Milton Friedman dies

    I was lucky enough to sit in on his Price Theory classes in his last year of teaching, the same quarter that he won his Nobel, and he autographed my copy of his book, Price Theory, for me. It was his classical liberalism that influenced my thinking the most then and still does to this...
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    Why correlation of EURUSD and USDCHF is usually high?

    Is this a serious question? I'm not an FX trader but I know the base currency is different for different pairs. Express everything in the same base and you'll see (e.g., look at CME FX futures where everything is expressed XXXUSD).
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    Get new java to speed up TWS IB

    Agree, loading even seems a tad slower. But once code is loaded it flies -- charts, Book Trader are near instantaneous.
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    Excel Alert

    Of course instead of a pop-up you can play an audio alert. This will block only as long as it takes to play. You can replace the MsgBox line of code with this: Application.Speech.Speak "Alert: Price Level Hit"
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    Excel Alert

    One small problem with doing it in VBA, for example in running the sample code above. Once the message box pops up it blocks the rest of Excel from running until the OK button is pressed (at which point the function exits and Excel continues to update with new data). Probably with what you're...
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    Excel Alert

    Something like this may do what you want: Function popup(x As Double, y As Double) If x < y Then MsgBox (y & " is bigger than " & x) End If End Function You have to add some code so you doesn't fire off all the time. You can stick a function like this in a cell...
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    Why do people use Volume, Range and Tic charts?

    Some people use fib numbers in the misguided belief that there is some hidden order to the trading universe. Others do it to fit a certain amount of data onto screen real estate or to smooth out price display.
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    Whither Republicans?

    I read the doctor's proposals in the Times article. Several things popped out. First, the idea that hospitals though private would be paid a fixed budget by the government. This would have the same effect as price controls: since the amount of income received is fixed there is no incentive to...
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    Poll: Which of these 2 methods do Daytraders use

    Bitstream, tried to send it but was blocked.
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    Poll: Which of these 2 methods do Daytraders use

    Are you serious? I did it in Excel and it took about 3 minutes.
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    Poll: Which of these 2 methods do Daytraders use

    Why not just roll your own -- get S&P data starting back in the Fifties and calculate a moving standard deviation for them.
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    Wizard of Wall Street Oct-Nov Edition

    There's no question that interest rates will shoot up when they stop (and that's only the beginning of major problems) but right now, with their trade and growth being tied to our economic well-being, they have an incentive to maintain their holdings in USD. Elsewhere in the world there...
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    Wizard of Wall Street Oct-Nov Edition

    Normally, I would agree but I have seen twin deficits for at least the last 20 years and the markets seem to shrug it off. A day of reckoning will come . . . but when, who knows? For now as long as the Chinese buy our paper and we buy their products the party will continue, just as it did...
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