Is technical analysis just stock market astrology?

Re:Is technical analysis just stock market astrology? by stouset on Tuesday July 25, 2023 @06:34PM (#36870634)

> At least one top-of-the-game hft firm (that already relied on forecasts instead of speed) got burned on their first attempt to enter mid frequency.

Put differently: "A bunch of smart people who have proven to be able to reliably extract profits from microsecond trades tried their hand at exploiting patterns on longer timescales and were unable to. Even though I have less money, information, access to markets, and am just one person, I believe I can succeed where they failed."

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Re:Is technical analysis just stock market astrology? by vgatherps on Wednesday July 26, 2023 @12:40AM (#36873170)

I don’t know why you think I’m saying TA works. The only thing I’ve said is that HFTs are by and large not responsible for trading away those inefficiencies

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Re:Is technical analysis just stock market astrology? by vgatherps on Wednesday July 26, 2023 @03:25AM (#36874159)

I’ll add that most hft firms are trying to move to longer time horizons. Some with great success, some mixed, some not at all. There’s not much unclaimed pie left in the hft world

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