{"id":4379,"date":"2012-05-16T14:54:37","date_gmt":"2012-05-16T18:54:37","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4379"},"modified":"2012-05-16T14:54:37","modified_gmt":"2012-05-16T18:54:37","slug":"attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/16\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\/","title":{"rendered":"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking Alpha"},"content":{"rendered":"<p>To me, the Occam&#8217;s Razor explanation for why charts have gone Daffy Duck is not because of [HFT]robots, but simply because the macro environment has been bizarre \u2026 like &#8220;unprecedented in history&#8221; bizarre. And it&#8217;s been this way for a while now.<\/p>\n<p>via <a href='http:\/\/seekingalpha.com\/article\/577631-attention-frustrated-chartists-it-ain-t-high-frequency-trading-it-s-the-macro?source=email_wsb&#038;ifp=0'>Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking Alpha<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To me, the Occam&#8217;s Razor explanation for why charts have gone Daffy Duck is not because of [HFT]robots, but simply because the macro environment has been bizarre \u2026 like &#8220;unprecedented in history&#8221; bizarre. And it&#8217;s been this way for a while now. via Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/16\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking Alpha&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1685,2182],"class_list":["post-4379","post","type-post","status-publish","format-standard","hentry","category-trading","tag-high-frequency-trading","tag-macro-economic-environment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro - Seeking Alpha - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro - Seeking Alpha - the patient investor\" \/>\n<meta property=\"og:description\" content=\"To me, the Occam&#8217;s Razor explanation for why charts have gone Daffy Duck is not because of [HFT]robots, but simply because the macro environment has been bizarre \u2026 like &#8220;unprecedented in history&#8221; bizarre. And it&#8217;s been this way for a while now. via Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking &hellip; Continue reading &quot;Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking Alpha&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/16\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-16T18:54:37+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking Alpha\",\"datePublished\":\"2012-05-16T18:54:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/\"},\"wordCount\":73,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"high frequency trading\",\"macro-economic environment\"],\"articleSection\":[\"Trading\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/\",\"name\":\"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro - Seeking Alpha - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2012-05-16T18:54:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/05\\\/16\\\/attention-frustrated-chartists-it-aint-high-frequency-trading-its-the-macro-seeking-alpha\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro &#8211; Seeking Alpha\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/people\\\/The-Patient-Investor\\\/61572934660810\\\/\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\",\"https:\\\/\\\/au.linkedin.com\\\/in\\\/colintwiggs\"],\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/author\\\/investor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro - Seeking Alpha - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Attention Frustrated Chartists: It Ain&#039;t High-Frequency Trading, It&#039;s The Macro - Seeking Alpha - the patient investor","og_description":"To me, the Occam&#8217;s Razor explanation for why charts have gone Daffy Duck is not because of [HFT]robots, but simply because the macro environment has been bizarre \u2026 like &#8220;unprecedented in history&#8221; bizarre. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-18D","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":5258,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/14\/bbc-news-high-frequency-trading-and-the-440m-mistake\/","url_meta":{"origin":4379,"position":0},"title":"BBC News &#8211; High-frequency trading and the $440m mistake","author":"Colin Twiggs","date":"August 14, 2012","format":false,"excerpt":"By Tim Harford ......There are two rather more predatory strategies. One is called algo-sniffing. Here, a super-fast computer tries to find other computers going about their everyday business of buying or selling shares, and figures out what they're going to do and when. The algo-sniffer can then get ahead of\u2026","rel":"","context":"In &quot;Trading&quot;","block_context":{"text":"Trading","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/trading\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6644,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/06\/high-frequency-trading-fake-quotes-business-insider\/","url_meta":{"origin":4379,"position":1},"title":"High Frequency Trading Fake Quotes &#124; Business Insider","author":"Colin Twiggs","date":"February 6, 2013","format":false,"excerpt":"Linette Lopez writes: Nanex, a Chicago-based market research firm, sent us a chart that illustrates what can stand in a trader's way when they're trying to quote the right price...... \"It happens all the time,\" [Nanex CEO Eric] Hunsader told Business Insider. \"It crowds out legitimate prices... it's like SPAM.\u2026","rel":"","context":"In &quot;Trading&quot;","block_context":{"text":"Trading","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/trading\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7058,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/18\/asic-high-frequency-trading-taskforce-key-findings\/","url_meta":{"origin":4379,"position":2},"title":"ASIC: High-frequency trading taskforce\u2014Key findings","author":"Colin Twiggs","date":"March 18, 2013","format":false,"excerpt":"Findings of the recent ASIC investigation into dark liquidity and high-frequency trading. The high-frequency trading taskforce found that: (a) some of the commonly held negative perceptions about high-frequency trading are not supported by our analysis of Australian markets\u2014for example: (i) that high-frequency traders exhibit unacceptably high order-to-trade ratios. Increases in\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3522,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/nanex-high-frequency-quote-spam\/","url_meta":{"origin":4379,"position":3},"title":"Nanex ~ High Frequency Quote Spam","author":"ColinTwiggs","date":"February 16, 2012","format":false,"excerpt":"It's not high frequency trading (HFT) that concerns us. It's high frequency quoting, and it should concern everyone...... Quote spam has exploded with no signs of stopping, while trade frequency has stalled and is actually lower than it was years ago. via Nanex ~ High Frequency Quote Spam.","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5041,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/03\/electronic-trading-glitches-shake-market-confidence\/","url_meta":{"origin":4379,"position":4},"title":"Electronic Trading Glitches Shake Market Confidence","author":"Colin Twiggs","date":"August 3, 2012","format":false,"excerpt":"Stock markets are impacted by distortions arising from high-frequency trading algorithms as this article by SUZANNE MCGEE discusses. We really need to consider the benefits versus the costs of HFT. Benefits of HFT liquidity are vastly overstated: what use is an umbrella if withdrawn at the first sign of rain?\u2026","rel":"","context":"In &quot;Trading&quot;","block_context":{"text":"Trading","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/trading\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5253,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/14\/french-high-frequency-trading-tax-enters-into-force\/","url_meta":{"origin":4379,"position":5},"title":"French High Frequency Trading Tax Enters Into Force","author":"Colin Twiggs","date":"August 14, 2012","format":false,"excerpt":"By Ulrika Lomas, Tax-News.com, Brussels 14 August 2012 France has enacted a tax on high frequency trading, at a flat rate of 0.01%. This move coincides with a similar draft law under consideration in Germany......Market makers are expressly exempt. via French High Frequency Trading Tax Enters Into Force.","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4379"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4379\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}