Friday evening the software has produced the usual forecast for Monday (yesterday): here you see just the first two bars into the future , plus the actual market data for yesterday (the white line + close dot). Can you see the power of the model?
As it often happens, especially with fast moving bars, the future has entered slightly faster that what was forecasted.
You may think: he was lucky! Sorry, there is no he, just number crunching, big data and code at work. No human opinion is involved , so no he and no lucky.
Is the model always correct? no, of course. Sometimes it gets confused, the view gets misted or jumps at bifurcations – the market is not an easy beast and you cannot put yourself against it.
This is what I mean by know in advance. 🙂
