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Hi,
'The Quant' said,
Using voice recognition software
algorithms, it is possible to hear
the markets reveal what they will do. This is not fantasy, it is
for
real and one day this may come out into public domain.
I believe you. From twenty second updates, I can hear
in my minds eye a 'flurry' that often marks an acceleration or temporary
exhaustion of buying or selling.
I fade them, as assuming equal occurrence, (not true in my experience but
the assumption makes the arithmetic simple), you are rewarded two times
out of three.
If I can 'hear it', how much more clearly can a computer be programmed to
'hear' it and translate the 'hearing' into sound?
A computer can be programmed to trade with discipline.
To the extent that a traders lack of discipline gets in his/her way, a
computer may be a better trader.
A computer probably has a lower failure rate than a human trader and to
the extent that errors cost profits, a computer may be a better
trader.
A computer probably has more opportunity (free processing cycles) to
identify new market behaviours, at least of the kind that a human
assessor does not reject, and in this way a computer may be a better
trader.
A computer may be seen as just an agent of a trader - employed, for
attributes such as those above, by a trader.
A trader mostly trades his confidence, and if that confidence rests with
a computer program why should a computer not trade well for its
owner?
Unconditional regards, Ric.
www.traderscalm.com
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