CFA I Candidate – now official

CFA I Candidate – now official

I’ve finally registered to CFA I exam in London, December 1. I think the most strong motivation for hard learning is the sum paid for this exam. 🙂 But there are also a good thing as I’ve read in a article a long time ago. If you have to do something hard and boring just imagine a present for yourself in case of successful finish. So I’ve imagined a week in London! 🙂

read more

CFA exam decision

CFA exam decision

I’ve made a decision to pass CFA exam in December 2012. I have two weeks till registration deadline for Juny 2012 exam but… I studied a long time ago and I don’t remember how to do it 🙂 So I’ve decided to have a little more time. The Chartered Financial Analyst (CFA) Program is a graduate level self-study program offered by the CFA Institute (formerly AIMR) to investment and financial professionals. A candidate who successfully completes the program and meets other professional requirements is awarded a “CFA...

read more

Price Action

Price Action

Although there are lots of trading strategy classifications, one of the root classifications answers the question whether the trading system uses technical analysis or not. You may ask how it’s possible to make trading decisions without looking into charts and indicators? Price Action implies trading based solely on price changes and totally excludes any use of indicators. Based on Price Action, trading performs only on price patterns. Price Action advantages Let’s consider some pros and cons of trading based on Price Action. No...

read more

Fuzzy Logic for Indicators, part 2

Fuzzy Logic for Indicators, part 2

Ok, in the beginning we have to determine our goals and instruments. We would draw our membership functions as lines in a subchart area. Our arithmetic average would be drawn as histogram and would be colored depending to absolute value of resulting function, from red to green. Also it’s good idea to draw our source indicators on chart in order to achieve the whole picture.   cAlgo Implementation   cAlgo is clean and simple but it lacks a few useful possibilities at this moment. One of them is inability to draw indicator lines...

read more

Fuzzy Logic for Indicators, part 1

Fuzzy Logic for Indicators, part 1

Since Charles Babbage’s invention of the first computer we know our electronic friends use simple binary logic based on “true/false” system. It’s quite enough for mathematical calculations and most financial indicators, but when we try to construct a complex indicator or a robot based on our human experience we may encounter a problem. How to tell a computer such simple human terms like “slightly more…”, “too fast…”, “practically nothing…”? However, it’s possible with fuzzy logic theory, or rather “membership functions”. Let’s define a...

read more