For better or worse, my algos have always stayed in the market through expected big new events (i.e. FOMC)
The algos detect hidden patterns that correlate to future price actions. I believe that more often than not, the price action prior to the expected news events may help to forecast the price action after the news hits.
I don't have to be right 100% of the time, just more often than not.
This type of crowd precognition is nothing new. They say tweets can predict stock market price movements.[SUP]1[/SUP] And there's the Global Consciousness Project.[SUP]2[/SUP]
We'll see if the theory holds up today.
_____________________
1. Twitter Can Predict the Stock Market | WIRED
2. https://en.wikipedia.org/wiki/Global_Consciousness_Project
The algos detect hidden patterns that correlate to future price actions. I believe that more often than not, the price action prior to the expected news events may help to forecast the price action after the news hits.
I don't have to be right 100% of the time, just more often than not.
This type of crowd precognition is nothing new. They say tweets can predict stock market price movements.[SUP]1[/SUP] And there's the Global Consciousness Project.[SUP]2[/SUP]
We'll see if the theory holds up today.
_____________________
1. Twitter Can Predict the Stock Market | WIRED
2. https://en.wikipedia.org/wiki/Global_Consciousness_Project
