27 March, 2017 by The TZ Newswire Staff Comments Off on Can Price Action Trading Be Automated?
Can Price Action Trading Be Automated?
Hello,
I currently trade price action only, no indicators. I just watch the charts with a 2 emas for trend, look for patterns (trendlines, etc) and support and resistances.
If I can calculate the support and resistance, can price action be programmed, backtested, and automated?
Just asking as I like price action. Not experienced enough for indicators yet.
Thanks
27 March, 2017 by The TZ Newswire Staff Comments Off on Trulioo Expands into Korea with AML/KYC Solution
Trulioo Expands into Korea with AML/KYC Solution
Trulioo, an on-demand global identity verification company, has expanded coverage to the Republic of Korea with its GlobalGateway platform. GlobalGateway was created to help businesses comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules and has evolved to support a diverse range of identity… Read More
27 March, 2017 by The TZ Newswire Staff Comments Off on PIMCO: The PBOC’s tightening – a new approach and more to come
PIMCO: The PBOC’s tightening – a new approach and more to come
From Isaac Meng, an emerging markets portfolio manager in PIMCO’s Hong Kong office, on the People’s Bank of China recent policy moves
(bolding is mine)
27 March, 2017 by The TZ Newswire Staff Comments Off on Lyft and Uber rates surge to unbelievable prices after BART stoppage
Lyft and Uber rates surge to unbelievable prices after BART stoppage
Thousands of BART passengers were stranded Monday morningafter a power line fell near the West Oakland tracks and suspended Transbay Tube service. Many commuters turned to ride-sharing apps Uber or Lyft to attempt to get to work on time faced outrageous surge pricing to commute across the Bay Bridge.
According to posts on social media, a ride from Oakland to downtown San Francisco was…
27 March, 2017 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.8782 (vs. yesterday at 6.8701)
PBOC sets USD/CNY central rate at 6.8782 (vs. yesterday at 6.8701)
People’s Bank of China open market operations today … skipping OMOs
PBOC satisfied with bank liquidity today
– By skipping any injection today it’s a net drain of 70bn yuan (due to maturing reverse repos)
27 March, 2017 by The TZ Newswire Staff Comments Off on Risking 1% of your total equity. Does this refer to the stop?
Risking 1% of your total equity. Does this refer to the stop?
I’m taking a trading class at a local university, and I’m confused about a very basic point.
In class, we learned that position sizing is a major part of success in this business. The instructor suggested risking 1% of your equity on each trade as a beginning position sizing method.
Does this mean to set your stop so that any potential loss is that 1% figure, or does this mean to only spend 1% on any purchase?
For example, if I have $100,000 in my trading account, does this rule mean…
27 March, 2017 by The TZ Newswire Staff Comments Off on Is Kabbage Buying Out Rival OnDeck?
Is Kabbage Buying Out Rival OnDeck?
Current State of Affairs Small business lender Kabbage announced earlier this month that it would begin selling over $525 million worth of loans to investors, which will in turn increase its lending capacity to over $2.7 billion. In contrast, Kabbage’s competitor OnDeck, has seen its share… Read More