Quote: "When those with TA know how can predict price action with almost 100% success rate"
Hm.
I have never understood TA.
But if the big players are truly somewhat coordination or colliding in their actions, there are definite patterns. If these patterns can be analyzed, then sure - TA might work and be (very) actionable.
(It would also seem to be surprising and questionable wrt if such coordination is even half-way legal - but, I am not a lawyer, so what do i know...)
I would never know how to decipher these patterns, so this is not for me - I am more into buy and hold - or HODL.
BUT - If what you say in the qoute is correct, then here is an obvious business opportunity:
- Collect a group of people very good at TA
- Do predictions for a while a) in public and in a way that is b) tamperproof and c) machine-readable.
- Collate the predictions for a given timeperiod.
- Make above data (2c) public for independent analysis.
- Make an algoritm that can take real-time input from chosen group of TA-specialists
- Incorporate. Preferably as an entity open for international investments, since many of us TMC'er are not US citizens...
- Invite us TMC'er to join (and/or others as you see fit)
- Make a lot of money !
I would spend some money to join. Not a lot, since I am still somewhat sceptical of TA.
But - I would love to be proven wrong, support some fellow TMC'rs good work, and make a bit of money myself
There are, however, some
2nd or 3rd order effect to consider:
What if this new TA-TMC-entity is actually good at 'shadowing' what the big player do. And earn a lot of money doing so. Which again brings spotlight on this practices, which may not be what the big players want or like.
Then, they might get annoyed, and do something
utterly contrarian.
That would have the effect of throwing of the scent in case regulators are sniffing around. And it would also serve to harm or even wipe out this new "TA TMC" entity earning lots of money.
Given that the success of the venture hinges on the theory or discovery big players acting in concert, what is to prevent them from also acting in concert in targeting this new business entity?