:thumb: Hi everyone I have read a lot of posts over time and everyone talks about indicators the best the worst etc.
I have been a full time trader since 2001/2 and have lost my fair share of money during that time as well as won a bit. Unfortunatly as the years have moved on so has the systems the big banks and trading houses use to place their trades...millions of trades in milliseconds thats where it's at now.
All of us have seen the market make sudden and fairly severe turns out of nowhere...taking out all your stops and just when you jump on what you think might be a new trend it turns right back again...thats program trading in action and for instance it's now almost 80% of all the trades on the New York stock exchange every day.
Who or what controls the market...not news no matter what it might be thats just the excuses that are used...the big banks/trading houses can and do push the market any way they want....their goal to take all the other traders money...pure and simple.
I have been researching different ways of trading against these systems for years now and have learned one overall rule don't...you'll lose.
The next step i guess was try to trade with them but how?
Most indicators belong in the stone age, they just don't work properly anymore and lag...what good is something that will tell you a minute or two after a move that it might happen....the banks move the market in milliseconds by the time it jumps up or down your indicator is probably still trying to decide ?
You'll always have some small successful trades thats just the law of averages but overall are you winning or losing?
No one could track the bots/programs until the last year or two a few different systems have come on line...like everything I tried them some were good and some were just terrible but as time has moved on programmers have found ways to issue real time alerts in order to let you know program trading is going on.
One thing all the new generation of indicators out there have in common is they are real time even predictive if yoy like....they are now finally doing what the "stone age indicators" should be doing but can't .
Bear this in mind as well as the title suggested Cloud computing is here. Why should that matter???
Well remember your stoneage indicators...yes? rember your little old computer or maybe even bank of computers yes?
Remember the big banks/trading houses Goldman etc with millions of possible trades in Milliseconds....budgets of millions upon millions and computer systems situated right next door to the major exchanges for speed (just in case they lost a fraction of a millisecond) yes?
How can you compete or join in with them when they make a move...you can't can you? Cloud computing has started the next big moves in algos/indicators that now can alert you in real time....exactly when the big banks etc are buying/selling etc across a range of markets.
With the new Cloud computing systems the companies who are now able to monitor the program trades have an almost level playing field again...thousands of times more info can be crunched in the cloud using state of the art algos to detect when the banks etc are program trading.
Thats the future the entire market has evolved....what do you think of macd crossovers, price action indicators, atr etc now ?
Bin them guys and start looking at the types of indicators that monitor this type of new trading environment. I havn't even bothered to look at any of those in about two years now and I ain't sorry.
happy trading
I have been a full time trader since 2001/2 and have lost my fair share of money during that time as well as won a bit. Unfortunatly as the years have moved on so has the systems the big banks and trading houses use to place their trades...millions of trades in milliseconds thats where it's at now.
All of us have seen the market make sudden and fairly severe turns out of nowhere...taking out all your stops and just when you jump on what you think might be a new trend it turns right back again...thats program trading in action and for instance it's now almost 80% of all the trades on the New York stock exchange every day.
Who or what controls the market...not news no matter what it might be thats just the excuses that are used...the big banks/trading houses can and do push the market any way they want....their goal to take all the other traders money...pure and simple.
I have been researching different ways of trading against these systems for years now and have learned one overall rule don't...you'll lose.
The next step i guess was try to trade with them but how?
Most indicators belong in the stone age, they just don't work properly anymore and lag...what good is something that will tell you a minute or two after a move that it might happen....the banks move the market in milliseconds by the time it jumps up or down your indicator is probably still trying to decide ?
You'll always have some small successful trades thats just the law of averages but overall are you winning or losing?
No one could track the bots/programs until the last year or two a few different systems have come on line...like everything I tried them some were good and some were just terrible but as time has moved on programmers have found ways to issue real time alerts in order to let you know program trading is going on.
One thing all the new generation of indicators out there have in common is they are real time even predictive if yoy like....they are now finally doing what the "stone age indicators" should be doing but can't .
Bear this in mind as well as the title suggested Cloud computing is here. Why should that matter???
Well remember your stoneage indicators...yes? rember your little old computer or maybe even bank of computers yes?
Remember the big banks/trading houses Goldman etc with millions of possible trades in Milliseconds....budgets of millions upon millions and computer systems situated right next door to the major exchanges for speed (just in case they lost a fraction of a millisecond) yes?
How can you compete or join in with them when they make a move...you can't can you? Cloud computing has started the next big moves in algos/indicators that now can alert you in real time....exactly when the big banks etc are buying/selling etc across a range of markets.
With the new Cloud computing systems the companies who are now able to monitor the program trades have an almost level playing field again...thousands of times more info can be crunched in the cloud using state of the art algos to detect when the banks etc are program trading.
Thats the future the entire market has evolved....what do you think of macd crossovers, price action indicators, atr etc now ?
Bin them guys and start looking at the types of indicators that monitor this type of new trading environment. I havn't even bothered to look at any of those in about two years now and I ain't sorry.
happy trading