Something to read

• The Cook and the Chef: Elon Musk’s Secret Sauce (Wait But Why)
• The Discovery of Statistical Regression (Priceonomics) see also Playing the Probabilities (A Wealth of Common Sense)
• Howard Buffett Is Getting His Hands Dirty (Bloomberg)
• The Start-Up That Will Keep Health-Insurance Companies Honest: HoneyInsured uses economic research—and a connection to Healthcare.gov—to suggest certain plans. (The Atlantic)
• Where Does Technological Innovation Come From? (WSJ)
• Blogging: After the Gold Rush (Reformed Broker)
• The Man Who’s Trying To Build A Better Apple (Buzzfeed)
• ‘The Attacks Will Be Spectacular’: An exclusive look at how the Bush administration ignored far more detailed CIA warnings than was previously revealed before 9/11 (Politico) see also Fighting Terrorism Was the Biggest Weakness of the Bush Administration (NY Mag)
• Living and Dying on Airbnb: My dad died in an Airbnb rental, and he’s not the only one. What can the company do to improve safety? (Medium)
• The Asteroid Hunters: It’s highly unlikely that a gigantic space rock will crash through our atmosphere and destroy civilization as we know it. But it’s not impossible either. (Popular Mechanics)

the source

Encyclopedia of Chart Patterns
by Thomas N. Bulkowski

In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events -- such as quarterly earnings announcements, retail sales, stock upgrades and downgrades -- that shape today?s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you're a technical investor or trader. Place your order today.

"The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that's ever looked at a chart and wondered what was happening."

• Stocks Rise 3%, Leaving S&P 500 Flat on Year (Barron’s)
• How Esurance Lost Its Mascot to the Internet (Priceonomics)
• One Way to Unrig Stock Trading (NYT)
• The Terminal Patient: Is Bloomberg’s Return Good or Bad for Bloomberg? (Spiegel)
• As Oil Money Melts, Alaska Mulls First Income Tax in 35 Years (NYT)
• Minimum Wage Going Up In 14 States At Start Of 2016 (Huffington Post)
• NRA’s Wayne Lapierre Gets Paid $845k To Defend Guns (Forbes) see also Big Guns Inside the National Rifle Association Leadership (Daily Beast)
• ‘Star Wars’ Legacy II: An Architect Of Hollywood’s Greatest Deal Recalls How George Lucas Won Sequel Rights (Deadline)

Technical Analysis for the Trading Professional: Strategies and Techniques for Today's Turbulent Global Financial Markets
by Constance Brown

"Now in its second decade, Technical Analysis for the Trading Professional is the number-one go-to guide for market technicians seeking to improve their market timing skills with the most up-to-date tools and techniques. This second edition provides an updated look at unique formulas and key indicators, while retaining all the foundational material that made the previous edition an instant classic.
Technical Analysis for the Trading Professional has been enhanced and expanded to bring you fully up to date on all the essentials, including:

• Dominant trading cycles
• Moving averages
• Fibonacci projections
• Gann Analysis
• Relative Strength Index and stochastics
• Dominant trend lines
• Price projections
• Elliott Wave Principle
• Volatility bands
• Composite Index"

Constance Brown's Derivative Oscillator was published in her this book. The oscillator uses a 14-period RSI . The RSI is then double smoothed with exponential moving averages . The default settings for the smoothing periods are 5 and 3. In a second step a signal line is generated from the smoothed RSI by calculating a simple moving average with a period of 9. The Derivative Oscillator is calculated as the difference between the smoothed RSI and the signal line and displayed as histogram.

The formula is:

EMA(EMA(RSI(14), 5)), 3) - MVA(EMA(EMA(RSI(14), 5)), 3), 9)

• Fund managers lose out from benchmarking (FT) see also The Pitfalls of Benchmarking (A Wealth of Common Sense)
• A Cheaper Way to Battle Recession (Bloomberg View)
• The Amazon Tax (Stratechery)
• Why Don’t Investors Stay True to Their Principles? Think Self-Deception (Think Advisor) see also Buy & Hold Can Be Risky, Too (Capital Spectator)
• How Americans’ Perceptions of the Economy Have Changed in Just Three Months (Real Time Economics)
• The Koch Brothers Have Started a New Family Office to Quietly Invest Their Fortune (Bloomberg)
• Ouch! Name-brand prescription drug prices in the US have doubled in the last five years (Quartz)
• DOJ’s Clear Threat to Go After Apple’s Source Code (EmptyWheel)
• The macabre truth of gun control in the US is that toddlers kill more people than terrorists do (Guardian)
• How to Steal a Nomination From Donald Trump (Bloomberg)


the source

• The Market’s Response to Crisis (Reformed Broker)
• Ray Dalio, head of the world’s largest hedge fund, explains his succession plan for Bridgewater and how its ‘radically transparent’ culture is misunderstood (Business Insider)
• Current Investor Concerns (Fat Pitch)
• Russ Roberts and the Quest to Make Economics Interesting (Priceonomics)
• Driverless Bus System Showcases Future of Public Transit (Curbed), but see also Driverless cars have a new way to navigate in rain or snow (Quartz)
• How to Squander an Oil Glut (Bloomberg Gadfly)
• It’s the Designers’ Fault, Not Yours (Scientific American)
• Inside Liam, Apple’s super-secret, 29-armed robot that tears down your iPhone (Mashable)
• 7 Facts About Drugs and Addiction That Will Make You Question Everything You Know (Huffington Post)
• What we’re doing to the Earth has no parallel in 66 million years, scientists say (Washington Post), see also Anthropogenic carbon release rate unprecedented during the past 66 million years (Nature Geoscience)

What are you reading?

the source

• Bill Gurley: 2015 Was Peak Unicorn (Above the Crowd)
• Morningstar: The more you pay, the less you get from funds (InvestmentNews)
• Why the S.E.C. Didn’t Hit Goldman Sachs Harder (New Yorker), see also Why I Blew the Whistle on the SEC Investigation of Goldman Sachs (Watch the Circus)
• For Robo-Advisers, the Next Bear Market Is Make or Break (Bloomberg)
• Companies Wind Up in the ‘Penalty Box’ on Executive Pay (WSJ), see also Wall St. Regulators Propose Stricter Pay Rules for Bankers (NYT)
• Your Email Marketing Sucks (Big Picture)
• Canada to introduce legislation in 2017 to legalize sale of marijuana (Washington Post), see also Ten Quick Thoughts About Pot (Medium)
• A geek plays darts (DataGenetics)
• The problem with John Kasich? He’s not apocalyptic. (Washington Post)
• 24 Outrageous Prince Stories (Vulture), see also Prince’s 40 Biggest Billboard Hits (Billboard)

the source

Technical Analysis for the Trading Professional: Strategies and Techniques for Today's Turbulent Global Financial Markets
by Constance Brown

"Now in its second decade, Technical Analysis for the Trading Professional is the number-one go-to guide for market technicians seeking to improve their market timing skills with the most up-to-date tools and techniques. This second edition provides an updated look at unique formulas and key indicators, while retaining all the foundational material that made the previous edition an instant classic.
Technical Analysis for the Trading Professional has been enhanced and expanded to bring you fully up to date on all the essentials, including:

• Dominant trading cycles
• Moving averages
• Fibonacci projections
• Gann Analysis
• Relative Strength Index and stochastics
• Dominant trend lines
• Price projections
• Elliott Wave Principle
• Volatility bands
• Composite Index"

Constance Brown's Derivative Oscillator was published in her this book. The oscillator uses a 14-period RSI . The RSI is then double smoothed with exponential moving averages . The default settings for the smoothing periods are 5 and 3. In a second step a signal line is generated from the smoothed RSI by calculating a simple moving average with a period of 9. The Derivative Oscillator is calculated as the difference between the smoothed RSI and the signal line and displayed as histogram.

The formula is:

EMA(EMA(RSI(14), 5)), 3) - MVA(EMA(EMA(RSI(14), 5)), 3), 9)

All this technology is making us antisocial

Multi Instrument Indicator for MetaTrader 4

This is very interesting indicator: we can add the price of one or several other instruments to one window.

This is USDCHF price on the EURUSD chart:

This is the Dollar Index price on USDCAD chart:

This is the Dollar Index price on EURUSD chart: