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Don't have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App. Reply: The interesting part about algorithmic trading, especially about higher frequency trading is that it’s not about the percentage returns that you can generate.
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Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but created four striking ironies. First, this system was put in place to curb acid rain, but the main source of benefits from it was unexpected. Second, a substantial source of this system's cost-effectiveness was an unanticipated consequence of earlier railroad deregulation. Third, it is ironic that cap-and-trade has come to be demonized by conservative politicians in recent years, since this market-based, cost-effective policy innovation was initially championed and implemented by Republican administrations. Fourth, court decisions and subsequent regulatory responses have led to the collapse of the SO2 market, demonstrating that what the government gives, the government can take away.
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Bernard says: Thanks a million times for the lesson. I’ve been using Support and Resistance together with price action signals and never applied any channels to my analysis. This lesson revealed something about the channels though and thank you very much for that, much appreciated.
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to bring you quick, complete and cost-effective solutions. In the chart below, the exit is set at a specific price which is near the bottom of the descending channel.
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