Any theories on why ES found a bottom at 2751 today? Any theories on why it's likely to close around 2769?
You realize that you just put all those guys with icebergs, and all those guys posing spoofs, on the floor with laughter, don't you, Mr. RobtheQuant, HFT, OBE, OMG?
yes, I totally agree... unless I develop self adapting AI that constantly trains itself and adapts to the market, so when it starts failing in one time-frame it will progressively switch to another time-frame by self adaptation ... better yet, having an ensemble of 100 diverse self adapting AI traders and trade only when majority agrees on the trade... working on it "Innovate. Adapt. Overcome." that's the new credo of my army of AI traders Expecting a ton of heat and fire for the statements above on why AI can't beat human traders and why I'm full of BS
%% %% Exactly; looking@ order book is like looking froward thru a microscope.Most states require a rear view mirror, not that its as big as a winshield - its not that, nor a predictor LOL. A big disadvantage for charts, is my older CPA is used to numbers in a row/rows, so he hates charts- charts are much worse than a rear view mirror or microscope for him .....
I am not being attacked for my AI statements? oh, wow If anyone is interested in my AI experiments, follow me at twitter @QuantRob. I have like 2 followers already! But please no hate, I have nothing to sell and no agenda other than to connect with like-minded people.
Ehh you already shot your credibility so many might just be ignoring the rest of your statements as being in the same logorrhea pattern.
%% Partial disclosure; i ''liked'' robQnant //Warren Buffet or sclaper post.LOL-True,2.Even though he simply wrong with his ''random walk'' comment. Good to see your post- i was concerned about the fire + brimstone[ sulfur] volcano in HI. I did think i saw a random walk once; but she simply loved to shop so it was not random@ all. She loved to shop so much she had not much order in her buys//walk LOL,
%% Good points.[BBB ]But Bollinger Band Brakeout$ on larger time frames are/have been profitable in stocks. I like John Bollinger myself, but many in market ignore Bbands.As far as investing goes , many more investors are profitable compared to traders.Thanks for your comments- not the random walk nonsense, the other comments of yours.
I'm very curious what would be an example of a legit edge based on L2. One would think that the orderbook doesn't contain much information these days because of the prevalence of algorithmic trading systems which are designed to minimize information leakage.