High Frequency Trading is a demonstration of how the global major creates its own luck. The one "global major" is flexing enormous financial muscle in a way no one else can. Its got nothing to do with "value" or charting, or intelligent mechanical trading. Sure it's automated. It's where you can push the boulder and how fast. Read the section on the web-site about how an "ambush" is conducted. All they have done is automate the exercise of power.
A great deal of time and effort and money is being spent by the "intermediates" on HFT. Doesn't matter. The intermediates can only take money off their peers and the "retail minnows". Whatever the intermediates make, most of it will be taken off them by the "major". Doesn't matter how much they spend. A Lamborghini is always going to be faster than a souped up jalopy. Doesn't matter how much you soup it up. It's a race that can't be won. The day the souped-up jalopy beats the Cray-Computer the major just gets a faster one. No different to the legal system. The guy with the deepest-pockets always outspends the little-guy. Perfect example : The Americas Cup
Don't be misled - its a game for high-rollers - if you haven't got the bank-roll don't try - find another way to play them at their own game.
