Today's Horse Racing

The sport of kings.
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Trader Pat
Posts: 4327
Joined: Tue Oct 25, 2016 12:50 pm

The #5 in the 2.20 at Southwell

Must be a record for the amount of bullshit you can squeeze into the name of a horse? ;)
Last edited by Trader Pat on Thu Nov 26, 2020 2:25 pm, edited 1 time in total.
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Euler
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I did laugh when I saw that.
Trader Pat
Posts: 4327
Joined: Tue Oct 25, 2016 12:50 pm

🤭
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Naffman
Posts: 5626
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Trader Pat wrote:
Thu Nov 26, 2020 2:23 pm
The #5 in the 2.20 at Southwell

Must be a record for the amount of bullshit you can squeeze into the name of a horse? ;)
:lol: :lol: :lol:
MAGTRADEUK
Posts: 144
Joined: Sun May 10, 2020 12:55 pm

the bullshit for me is these damned spikes in prices 4 or 5 mins out ... how you can have a position in the right direction with these things happening is one of the things thats really baffling me again..................
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Euler
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Just stay patient and wait for the spike, they appear on the minute.
MAGTRADEUK
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is this trading spikes caused by bots or is it the infernal cross matching ?
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Euler
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It's something or somebody hedging a position I reckon. I've looked at it a lot and you can see from the way the market shapes that it's expunging liability by feeding it into the market.
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Euler
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It chases the price until filled.
MAGTRADEUK
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yes, I see, last at Taunton on fav looked like a prime example.
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goat68
Posts: 2019
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Location: Hampshire, UK

Euler wrote:
Thu Nov 26, 2020 3:34 pm
It's something or somebody hedging a position I reckon. I've looked at it a lot and you can see from the way the market shapes that it's expunging liability by feeding it into the market.
Love your last sentence their, sounds great, but no idea what it means 🤣😂🤣
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

It didn't just fall off a cliff, it fell off of many which is ok because I get to explore the negative data. Problem I see is with setting stop losses.... I need to save on those losses somehow but there is a balance to be had, a lot of those positive trades were at some point negative so in theory a stop loss could reduce the strike rate, no stop loss and it keeps dropping off of cliffs, catch 22.
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jkminor1000
Posts: 9
Joined: Thu May 30, 2019 10:00 am

MAGTRADEUK wrote:
Thu Nov 26, 2020 2:47 pm
the bullshit for me is these damned spikes in prices 4 or 5 mins out ... how you can have a position in the right direction with these things happening is one of the things thats really baffling me again..................
Almost every race today has had 1 of these spikes. I now do absolutely noting until the spike comes in, there was an pattern forming after each spike today across all markets that you could take advantage off, that is until that pattern changes of course... :roll:
MAGTRADEUK
Posts: 144
Joined: Sun May 10, 2020 12:55 pm

HMM Makes me wonder then as its across all markets if it is some kind of bot. I find it more that a bit off putting as I am at a level where I cant compete with this kind of move and am more likely therefore to just stay away from those markets.
kamil2402
Posts: 31
Joined: Thu Dec 05, 2019 10:51 am

To me it feels like the markets are dead, even within the last two minutes and then BAM a large spike comes in, triggering cross matching and thus moving prices in all sorts of directions. It feels very sudden and rather unpredictable.
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