New article Technical Analysis: Make the Impossible Possible! has been published:
The article answers the question: Why can the impossible become possible where much suggests otherwise? Technical analysis reasoning.
As we all know, technical analysis is based on market laws, on price
movements impacted by fundamental factors. As to me, I mean by
"fundamental factors" not only economic situation in one country or
another, but also mental conditions of market participants, their
thoughts, etc. These factors cannot be estimated or predicted by
anybody. The only thing that can consider and considers these factors is
price. I noticed repeatedly that market ignored positive fundamental
data. Simple indexes cannot make any significant impact on the market.
Only price shows us the real situation. This is why we should study its
regularities and behavior in order to stay up.
Author: Victor Chebotariov
I think different. On my opinion the great advantage of auto trade technology is “think fast” about the market
movements on short periods of time and synchronize it very fast with another periods and long past knowledge.
This is typical a machine task.
Like chess game software, as period of time increase, humans become stronger than
the software, since one of the strongest factors of the machine is process big
data very fast.
So, for me, the profit opportunity of auto trade against manual trading is use short and long periods of time
in a way that human can’t do alone.