Trading What I see !?

The sport of kings.
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Tetras
Posts: 49
Joined: Tue Nov 03, 2020 8:23 pm

Did you catch the steamer on the 15:40 at Hexham (Bushypark)? Haven't seen one like that in awhile.
goat68
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Location: Hampshire, UK

Tetras wrote:
Wed Nov 18, 2020 4:07 pm
Did you catch the steamer on the 15:40 at Hexham (Bushypark)? Haven't seen one like that in awhile.
Didn't trade that market unfortunately
goat68
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Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
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Wingnut
Posts: 6
Joined: Mon Nov 16, 2020 10:31 am

goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
goat68
Posts: 677
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Wingnut wrote:
Thu Nov 19, 2020 3:32 pm
goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Jukebox
Posts: 1387
Joined: Thu Sep 06, 2012 8:07 pm

goat68 wrote:
Thu Nov 19, 2020 3:34 pm
Wingnut wrote:
Thu Nov 19, 2020 3:32 pm
goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Hard to read isn't the same as random. Those prices eventually get to their SPs - and any analysis of sp v winrate seems to show anything but randomness.
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speedyhamster
Posts: 71
Joined: Fri Sep 22, 2017 9:58 am

goat68 wrote:
Thu Nov 19, 2020 3:27 pm
I'm sure one of the main reasons this is so hard is because you have so many novice traders who are basically trading at random, which creates a very random market!
Would not be enough volume from Novice traders to do that, Market will seam random until you recognize what is happening and who is doing what (eg lay traders pushing price up , or backers pushing the price down, or traders bouncing the price round the crossover points .....)
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Wingnut
Posts: 6
Joined: Mon Nov 16, 2020 10:31 am

It’s not, just wait for the bigger money to show up. How many ladders do you have open? If you can see the correlations you’ll see it’s not random.
goat68
Posts: 677
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Darn thought I had found a steamer Winc 15:42 sehayli, it was until I got on board at 4mins 😂🤣
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speedyhamster
Posts: 71
Joined: Fri Sep 22, 2017 9:58 am

Jukebox wrote:
Thu Nov 19, 2020 3:37 pm
goat68 wrote:
Thu Nov 19, 2020 3:34 pm
Wingnut wrote:
Thu Nov 19, 2020 3:32 pm


I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Hard to read isn't the same as random. Those prices eventually get to their SPs - and any analysis of sp v winrate seems to show anything but randomness.
some markets are hard to read so i personally skip those markets no trade
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