I thought I would start off a bit off discussion here. I have read lots of posts from seemingly successful traders in this forum and others. The large proportion of the successful traders seem to favour price action and volume for making their trading decisions, most citing TA as a waste of time since measuring the past is no indication of what is happening in the future. I have also read a few posts by other traders that use TA with a bit of discretion, citing TA as an extremely useful tool or set of tools. But my (maybe incorrect) interpretation largely from this forum is that most of the long-term traders move to price action and volume and that there is no subsitute for this experience.
I read today something that surprised me and sort of 'countered' this opinion. Allegedly 50% of all volume on the London Stock Market is generated by 'Algo Trading', and that the remaining 50% of volume is generated by 'Manual Intervention'.
I read that to mean 50% of the current volume traded is automatically system traded by 'Black Boxes'. Now, if this is true, presumably there is some sort of TA involved or Neural Networks or whatever. But presumably since 50% of this volume is automatic, then system trading must work. Surely then, like any other method, it can work with degree's of success.
This statistic just surprised me, and I would be keen to understand what sort of technologies run on these black boxes. Are they using TA, Neural Networks, AI or what ? Somebody must know (although possibly can't disclose).
Or even better, is that statistic (which was released by the London Stock Exchange) accurate ?
I read today something that surprised me and sort of 'countered' this opinion. Allegedly 50% of all volume on the London Stock Market is generated by 'Algo Trading', and that the remaining 50% of volume is generated by 'Manual Intervention'.
I read that to mean 50% of the current volume traded is automatically system traded by 'Black Boxes'. Now, if this is true, presumably there is some sort of TA involved or Neural Networks or whatever. But presumably since 50% of this volume is automatic, then system trading must work. Surely then, like any other method, it can work with degree's of success.
This statistic just surprised me, and I would be keen to understand what sort of technologies run on these black boxes. Are they using TA, Neural Networks, AI or what ? Somebody must know (although possibly can't disclose).
Or even better, is that statistic (which was released by the London Stock Exchange) accurate ?
