[Dogpile]

Actually, the book isn't all that good except to make some points about how classic technical analysis might be the best way to compete in a world saturated with computer algorithms competing with each other. But past that, the point is not all that well-developed in the book.

It seems to me this is a little like sitting in a poker game with a bunch of computers that are playing against each other with multi-billion dollar stacks. You have your little mini-stack and patiently wait for monster stack 1 to get out of line while going after monster stack 2. You take a little itsy bitsy piece out of stack 1 who at the same time takes a big chunk from stack 2.

Because one multi-billion dollar stack is competing for some meaningful amount, they can't possibly be nimble enough or even care for that matter to try to go after your little stack -- they are after the big bucks. You can sit at the table and make a living off the scraps that are left from the 'excess' created by the bigger (higher timeframe) war going on.