Perhaps you think I was too unkind to Boris Schlossberg in the post above, when he said this (and my comment in Blue):-
I kept my algos on into the Fed meeting and got annihilated. - Wow, that really shows how great Algos are ! And also how overconfident (or just plain dumb) Boris is- LOL !
Perhaps you think that last week's Fed statement was really hard to trade!
- WRONG !!! See the 2 marked up screens below. The 1st is a 5 min chart showing the day's price action into the Fed.
Then the 2nd one is a 1 min chart showing the actual release of the statement.
Perhaps Boris' Algo's aren't up to the job, but a almost any novice human trader could have done well with a little preparation and some common sense!
I kept my algos on into the Fed meeting and got annihilated. - Wow, that really shows how great Algos are ! And also how overconfident (or just plain dumb) Boris is- LOL !
Perhaps you think that last week's Fed statement was really hard to trade!
- WRONG !!! See the 2 marked up screens below. The 1st is a 5 min chart showing the day's price action into the Fed.
Then the 2nd one is a 1 min chart showing the actual release of the statement.
Perhaps Boris' Algo's aren't up to the job, but a almost any novice human trader could have done well with a little preparation and some common sense!