But an automated system can't act on gut feeling, if you can put the market-speak down to a few variables and triggers it's not that complicated.
Somebody had to design the profitable system. Thus, that somebody was able to decipher the market-speak and then automate it. All automated systems do end up being net losers eventually... & that would only mean that the machines weren't able to decipher Interesting you began your reply by agreeing with him by the comment, "someone had to design the system and automate it" That implies that human's can construct a program that works, then you backed off it by saying they don't work anyway. I like the zen of it though. It may be valid for the same reasons that, until recently, chess masters have been able to win against the fastest computers processing billions of bits per second. Somehow, underneath the conscious awareness something uniquely human happens. I once read a description of how the chess master does it that was apt it read, "the answer just pops into the chess master's mind." cordially,
Few variables? I think that creating automated system able to "decipher the speak" is hard like creating artificial intelligence
There is no such thing as " to get it, you need something original. " The " get it " is out there for everyone to manipulate and play with. The mkt does not talk to you. The mkt players are the ones giving you clues about where fear and greed from price changing will cause the players to react. It is up to you in your own style to fill your own toolbox with tried and true skills (tools). The charts are useless unless you can see where the fear or greed will cause price movement. That skillset will come from no less than knowing where the players are, want to be, fear of going, will want more, will want less, etc. Now is that possible to know.........HELL NO!!!! But your tools and how you play the game will allow you to in your head out maneuver the other guy. the other guy is trying to do nothing less than that to you. Play their game. GO BEARS...........sure hope the rain holds off. PS, forgot to mention that since we never know what the players are actually doing, what tool do we have as a clue? Right, the charts, the charts tells us what they were doing, thinking etc up to the point at the last printed price. The rest is where the probability part of the game comes in and where you must outthink the players. Go BEARS.. See you Monday in the meat mkt.
If you don't know WHY and HOW your making money from the markets, then it's not a repeatable edge. Edge = A market inefficiency... our job is to identify, define and exploit that inefficiency till it stops being one. That being said, market conditions are always in constant change and your edge must also compensate for this.
Market never changes and all markets are the same, only difference is speed of movement If you think otherwise , you are trading random events and you have no edge
With all due respect, if this is your best definition of an edge, then you have yet to scratch the surface as to what is possible. - Spydertrader