Algo's are pushing every market toward randomness - God help us traders

[romik]

from what I can gauge, 10 years back there were some market inefficiencies and predictable patterns.. NOW they are SO efficient.. NOTHING WORKS..
best example was 2 days back this FRIDAY.. THU - we spiked up.. everyone took directional bets. .and.. NUTHIN freaking happened on FRIDAY... dead as a dodo....

This is a phase the market is in. You want volatility go with DAX, HSI, NIKKEI, FX.

 

[Moko11]

The Algos cause irregular price movements. I think when 90% of trading will be made by bots new strategies will emerge.

 

[jimmiebarton]

from what I can gauge, 10 years back there were some market inefficiencies and predictable patterns.. NOW they are SO efficient.. NOTHING WORKS..
best example was 2 days back this FRIDAY.. THU - we spiked up.. everyone took directional bets. .and.. NUTHIN freaking happened on FRIDAY... dead as a dodo....

bingo.

 

[i am nobody]

definately harder to trade now than say 10yrs ago..

Not harder at all, at least not for me. The last year ES is a dream.
Harder or not can depend from the markets that change, or it can depend of the trader ( from no edge to an edge or from an edge to nothing anymore).
People always conclude that the market is harder to trade because their results are degrading. But in reality there are two possibilities:

1. maybe markets are indeed harder to trade
2. maybe the trader cannot trade the markets anymore with his system because markets changed (which is not equal to harder to trade)

How hard it is depends most of the times of the abilities of the trader. Decades ago everybody could make money, you did not need to be a trader. Now you need trading abilities. The real traders survive and all the rest will be pushed out of the markets.
Trading changed from a game to a profession.