Price Action doesn't work anymore due to Algos

Darc said:
Stanley Drunkenmiller says Algos have destroyed his ability to read Price Action, Price Action he learnt in the 70s. Phuckers!
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Vital information missing.
Did he mention

which financial products
which session (Asian, European, the US)
what type of trading (scalping, Day trading, swing trading ...)
....
he was trading?


He might not have adapted to the ever-changing market.
 
maxinger said:
Vital information missing.
Did he mention

which financial products
which session (Asian, European, the US)
what type of trading (scalping, Day trading, swing trading ...)
....
he was trading?


He might not have adapted to the ever-changing market.
More...
2.30pm Thursday afternoon 2018, Stocks Bonds Currencies. Swing and Position Trading.
 
Darc said:
2.30pm Thursday afternoon 2018, Stocks Bonds Currencies. Swing and Position Trading.
More...

A few years/decades ago, there was currency WARS (the US vs the rest).
So it was very easy to earn tons of $$$$$$ by trading currencies.

Now there is no currency war.
So if we do swing/position trading, it will be relatively difficult to earn $$$$$$.


A few years ago, there was BREXIT 'crisis'.
bonds (Gilt, Bund, ZB ....) moved massively.
So it was easy to earn tons of $$$$ by trading bonds.
Now there is no Brexit crisis
etc etc etc



Also, Algos affects those scalpers/HFT.
It hardly affects swing/position traders.
 
Last edited:
Hello Darc,

Question please:

1. Who or what stated that Price Actions "works"?

2. What does Price Action means?

Thank you,
 
Last edited:
Yes, he must've been referring to shorter timeframes.

He gave the example of an Algo trading off a Standard Deviation formula (destroying the rhythm).
 
barely anyone does what they are suppose to do to begin with yet people talking about boogey man algo's. it isn't stopping you from being profitable, not even close. people need to to put together a logical trading strategy and actually commit to following it, that's what's stopping most people.
 
nonpln said:
barely anyone does what they are suppose to do to begin with yet people talking about boogey man algo's. it isn't stopping you from being profitable, not even close. people need to to put together a logical trading strategy and actually commit to following it, that's what's stopping most people.
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Yes good point. Stanley Drunkenmiller never really had a logical trading Strategy, probably why he only returned 30% over 30 Years.

Seems right to me, all these Algos have changed the Markets on shorter timeframes.
 
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