RE: IF....23 Jun 2023 08:58
So the reality is with charts is that professionals actually do use charts but they're in the millisecond range and used to measure and arbitrage momentum. And when I say "professionals" I don't mean humans, I mean algorithms created by humans for hedge funds. In the millisecond range news almost never gets in the way (and if it does then of course the algorithm loses). Momentum trading exists, is common, and appears to be quite successful, but only ever like this. That's why if you want to go and earn big money at a hedge fund study applied mathematics not economics. Usually.