Humans vs computers, chess vs trading

[harrytrader]

Quote from harrytrader:

Ah finally we made the push I was afraid wasn't working any more

We made an orthodox top as shown on the tutorial for another day
http://www.econometric-wave.com/articles/2/home.html.html
: 9779 theorically on scale 2 with a thrust on scale 1 at 9796 theorically in real we didn't touch it since real top was 9795.20 but it is within 2 points of standard error of the model.
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[harrytrader]

"gigantic amounts at any given time ?" Impossible: If you read Nobel Prize of Medecine Edelman's book ("A Universe of Conciousness how matter becomes imagination") I have recommended in the past you will learn that there exists a "psychologic refraction period" that is necessary to treat any elementary token of information in a human brain. It is at least a FEW HUNDREDS OF MILISECONDS. And our brain is like Windows : it is a false multitask processor but only monoprocessor. So all informations are treated sequentially and take an important time to process. That's probably the reason someone trading at a higher scale have some difficulty to adapt to lower scale because he has time constraint limit that is greater, that's why there are so many scalpers on lower scale because the scalp approach is more simplist than others - the problem will then be slippage but that's another aspect.

A human brain can POTENTIALLY store a gigantic amount of information but it is merely mathemcatical calculation by multiplying the number of connexions between neurons, it doesn't mean that he is capable to process such amount EFFECTIVELY and in truth he is not capable of doing so.

As for market as I said, if the EFFECTIVE COMPLEXITY is LOW, and my model shows it since I can compress the information into 20 points for each scale, then it is less complex than a chess party because you cannot compress a chess party into a few string - see the definition Gelman above about compression of string and complexity. The reason why traders think it is an art is because they only perceive the APPARENT COMPLEXITY which is high and not the EFFECTIVE COMPLEXITY which is LOW because it is not immediate at all, it needs an abstraction process which is not evident if you don't even know the real weight of factors behind the market.

Quote from bungrider:

My .02 is that computers are not yet capable of processing the gigantic amount of data that is going thru a trader's mind at any given time.