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Maybe you are right. But I wonder why do they care and spend money to buy them. FED is reacting not based on inflation/deflation but based on who is going under. Not even in the old Soviet Union would government care if a company went down. What is going on? Don't they send the message that...

Why pair trading? I think it's a bullet proof way of losing your money. Only good during bull/bubble markets and it only helps in diversification. Not good in this kind of market. Look what happend to bear & sterns. I'm sure some pair traders were on the buy side with this one. Bill

This is not a golden rule. This is the type of nonsense you hear from hyped up authors like Tharp. Open loss can turn into realized profit quite easily and the same for open profit into realized loss. By cutting losses short you just reduce your success rate and you must catch some big winners...

Thank you all. Another question: if the third bar forms another down gap, will the code generate a new entry at the open of the fourth bar? Bill

What is an expected value of 0.1%? Is this expected return per trade? Sounds good to me:) Bill

If he cuts rates he will soon see EURUSD at 1.75 and imported inflation out of control. He must raise rates this time, send the economy into recession and let it grow out of it slowly after a year or so. Bill

Black cat (short squeeze) white cat (long squeeze) tt's a good cat if it catches the mouse In this market you can lose either way. Bill

Some of the billionaires in emerging countries are front men of corrupted officials and organized crime. You cannot compare such people to self-made US billionaires running legitimate fortune 100 companies. Bill

There is often a delay in the account page. You need to refresh by closing the page and then opening again. I had the same problem. Bill

Quote from the first site: "Almost Zero Lag Moving Average To smooth it out further, one may apply it twice with smaller period for the second. But again, you cannot make the lag zero! " There is no such animal as a zero-lag moving average. Bill

Hi Bob, do you know if the new language is much different from the old one? I'm learning the older version now and I think WL is a great platform. I guess I should stop if the language is completely different. Bill

Hello, I want to buy after two consecutive down gaps at the open of next day and sell at the close of same day. I'm trying to learn EL before I commit to an account. Will this code work? if L[2] > H[1] AND L[1] > H[0] then begin Buy Next Bar at open; sell next bar at close; end; I...

Chart pattens don't work most of the time. I'm looking at a program called APS from www.tradingpatterns.com which finds price patterns. If anyone has experience with it I would like to hear it. Looking for a used legal copy if I can get one, v4.8 or higher. Bill

I don't see the connection to price patterns. Your example was about access to fundamental information, which in turn gives rise to price patterns and not about price patterns themselves. There is a huge difference. IMO it isn't the patterns that dissappear but their potential to make money...

I agree with you for most part but I don't understand why "Some of the most obvious ones have already been statistically arbitraged away for the most part". Do you imply that markets have memory to that extend? Can you be more specific about the mechanism of "arbitraging away"? This is...

Even after 100 tosses you can reach that conclusion with a high probability. Look at Chernoff's inequality. If the bias is 0.7 to 0.3 for example. you need about 100 tosses to be 99.95% sure there is indeed a bias of that size, I'm just lazy to do the calculation and apologize if it's somewhat...

Irrelevant division you made. People don't trade price/volatility but price and as MIT researchers have shown there is a hidden order in the markets that obeys a power law: http://web.mit.edu/newsoffice/2003/powerlaw.html Bill

Ridiculus and worthless paper. First they assume that players place orders at random and then they conclude that the process places constraints on strategic plays. Do they understand what "rational investor" means? It's like one assumes it rains, puts on a raincoat and then compains that...

Are you uggesting that the process that generates market prices is similar to an experiment in probability of tossing an unbiased coin? Since S&P retuns over the last 50 years have outperformed investments in risk-free assets, then at least for the last 50 years or so either the market is not...

One of the most scary thing in life is the abuse of logic. This is what you have done. The conditional : (random data) => trends is true because one can demonstrate so like you did. NOW, this is the tricky part, if you see trends in data and based on your demonstration above that...