It's been a good 20 years since anyone can beat a computer at chess , it certainly could spell the end of tech analysis for "people".
orbit23, The AI are programmed by people/traders. Just trade what you see on the charts, do not worry about what you have no control over. Do your best and forget the rest.
Yes , if you want to beat the mkts in terms of tech analysis then by all means design some sort of AI , but beating by looking at charts could well become impossible , I refer you to chess already , in a way there is more money and simpler AI needed for tech a, only a fool would set out to beat AI at chess , and quite possibly at tech analysis. As for not worrying about it and carrying on regardless ,all I can say since when has ignorance been a successful strategy?
Many types to trades have to be automated because the competition is so fierce. For example, many types of sector and index spreads, rates spreads, commodities spreads and almost all arbitrage, whether it be stat arb or pure arb like a forward vs spot trade require computer execution. You have to learn this stuff because these are the market forces of the 21st century. If you are just picking levels based on fibs, stochastics, MACD, trendlines, whatever, then you better be really good at it, and lever the trade very carefully.
When playing chess, you make a move on the board and it's final. With trading time is on your side, you make your move and wait, the 'board' can move in your favor.
All bullshit aside. Only a simple person sits and worry about what a damn AI is doing. Just trade and sit down man. Trading is already challenging, why make it harder worry about something you have 0 control over.
Because understanding something beats not understanding something, ( ignoring it in your case) every time .
Er, thanks for telling me. I've spent the last 6 years teaching data analytics for the world's largest data science/machine learning companies, so I had no idea. If you think algos predict probabilities that narrow and specific, I have some bridges to sell you.