If it is coin flips and it has even chance what are they means on the graph...ruthlessimon wrote:here's something to scare chartist (myself included) - this is a graph of 1000 coin flips. yet, i can pick out countless supprt and resistance points & this is truly random. frightening!
Today's Horse Racing
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SeaHorseRacing
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SeaHorseRacing
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I cannot answer for Euler. What I can say is the more experience you have the better judge you will become. Just from looking at a market you can usually tell if the price really shouldn't be there.Korattt wrote:Speaking of charts am I right in saying that Euler with his many years of experience of reading charts is able to read where the market will end up right up until the off quite early on?, is this a learned skilll?, or is there something blindingly obvious in each & every chart which is there right in front of our eyes?, I ask this as I've listened to the audiobook 'Blink' that Peter recommended, I've not listened to all of it but basically what I've gathered from the book is that we can over think things and things can appear apparent in few seconds?
For example: a handicap race where a horse opens up at odds of 3.5. If it gets heavily backed into lets say 1.5 it quite obvious that it has gone too far. You can really get a feel on these market.
It is not an exact science but what I like to see is a horse that I think has just gone too far and you see that it starts to resist. The volume usually either suddenly slows up or in some cases you get immense pressure where the price just stalls. You will sometimes see someone is constantly coming in with large orders taking the money. This is a good sign. Use other runners as a good indicator too.
IMO using chart patterns are certainly helpful but the charts are not linear. Also, using charts can get you in a difficult situation from risk reward. So many volatile markets where sometimes I just think a chart is useless. However they are excellent to support other signals. Using support and resistance and a chart pattern with a few other signals are very good.
If you were to trade using market analysis only you would ideally need very rigid stop loses. In which I would not recommend using. I personally only use a stop loss when I have a nice big green and I want to allow my position to grow. Using just charts could put you in a spot of bother if a large order comes in.
I do believe you could use them on certain markets if very selective. This is just my opinion
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ruthlessimon
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i imagine it's the net result (i.e. +10 = +10 heads), if you;re interested here's the vid - https://www.youtube.com/watch?v=E1RPhEWcA2sSeaHorseRacing wrote:If it is coin flips and it has even chance what are they means on the graph...ruthlessimon wrote:here's something to scare chartist (myself included) - this is a graph of 1000 coin flips. yet, i can pick out countless supprt and resistance points & this is truly random. frightening!
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SeaHorseRacing
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Interesting will check it out when I have a spare hour. Thank you
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SeaHorseRacing
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Its does. Not the greatest must admit.Korattt wrote:feels like a Monday today
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SeaHorseRacing
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Newcastle trading alright so far from te first two.
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SeaHorseRacing
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The last market was pretty dull tbh.
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SeaHorseRacing
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Other runners beig layed...Korattt wrote:can someone explain to me how a runners volume can decrease yet come in in price?