Oh I must be blind, I traded Mostamillim, Layed at 9.2 as I thought 9 would provide support and all other favs looked on downtrends...smallplayer wrote: ↑Mon Nov 09, 2020 8:27 pmIf you had traded nothing today but the last, you could have made a days wages. Mostallim came in from 11's to 3.5 where a blind man could have seen it would retract. just an example that you don't have to trade many, just the obvious ones.
There's not much about a market that can't be included, but the main ones I use are in 1. and 2. in my previous post. I only have a few that involve charts.
Not sure your car analogy works, maybe for a 1 tick scalp, but the cars in the road at that point is going to give no indication that one is off to Scotland and the other Cornwall!Trader Pat wrote: ↑Mon Nov 09, 2020 8:30 pmWhat's happening on the ladder is where your eyes need to be, the more you watch the activity on the ladder the better you'll get at interpreting what you see. Charts are what you look at first to see what has already happened, the ladder is what is happening right now. When you have money in the market would you rather be looking at old information or be looking at up to the second information?
Think of it like crossing the road. Do you cross the road based on what cars were on that particular part of the road 5 minutes ago or what cars are on it right this second?
Do you remember what I said about backing at 6.8? The same is true for laying at 9.2, who is going to support your position and be willing to lay here? If big money comes in at these prices you'll never get out. If you're laying, you ideally need a crossover (>> that has been tested! <<) underneath you, Peter talks about it in the video I linked.goat68 wrote: ↑Mon Nov 09, 2020 8:40 pmOh I must be blind, I traded Mostamillim, Layed at 9.2 as I thought 9 would provide support and all other favs looked on downtrends...smallplayer wrote: ↑Mon Nov 09, 2020 8:27 pmIf you had traded nothing today but the last, you could have made a days wages. Mostallim came in from 11's to 3.5 where a blind man could have seen it would retract. just an example that you don't have to trade many, just the obvious ones.
Bailed for loss at 7.2
So Peter implicitly is using the chart for that trade, he says price action before this is fav coming in, and 2nd fav going out.... That would be obvious on the chart.. That is a setup I would use from charts and the crossoverTetras wrote: ↑Mon Nov 09, 2020 8:42 pmThere's not much about a market that can't be included, but the main ones I use are in 1. and 2. in my previous post. I only have a few that involve charts.
An example where Peter talks about it (first minute): https://www.youtube.com/watch?v=3zI0vI0t3vU
Yes, my main reason was I thought it looked weak, and all the other runners strong...Tetras wrote: ↑Mon Nov 09, 2020 8:51 pmDo you remember what I said about backing at 6.8? The same is true for laying at 9.2, who is going to support your position and be willing to lay here? If big money comes in at these prices you'll never get out. If you're laying, you ideally need a crossover (>> that has been tested! <<) underneath you, Peter talks about it in the video I linked.goat68 wrote: ↑Mon Nov 09, 2020 8:40 pmOh I must be blind, I traded Mostamillim, Layed at 9.2 as I thought 9 would provide support and all other favs looked on downtrends...smallplayer wrote: ↑Mon Nov 09, 2020 8:27 pmIf you had traded nothing today but the last, you could have made a days wages. Mostallim came in from 11's to 3.5 where a blind man could have seen it would retract. just an example that you don't have to trade many, just the obvious ones.
Bailed for loss at 7.2
He is, but he's mainly talking about the recent price activity (which I assume he has witnessed prior to starting the video) and he says if a favourite breaks through the crossover at this point, it tends to accelerate. Less important, but noteworthy: it is at Chelmsford *, in January, fairly modest matched volumes and from what I can tell, a weak field, but one that has decent potential to support his position.goat68 wrote: ↑Mon Nov 09, 2020 8:52 pmSo Peter implicitly is using the chart for that trade, he says price action before this is fav coming in, and 2nd fav going out.... That would be obvious on the chart.. That is a setup I would use from charts and the crossoverTetras wrote: ↑Mon Nov 09, 2020 8:42 pmThere's not much about a market that can't be included, but the main ones I use are in 1. and 2. in my previous post. I only have a few that involve charts.
An example where Peter talks about it (first minute): https://www.youtube.com/watch?v=3zI0vI0t3vU
I like that analogy! Imo gb is like a road next to a school. Quiet most of the time, but everyday @08:30 you need your wits about or you're gonna end up roadkillTrader Pat wrote: ↑Mon Nov 09, 2020 8:30 pmDo you cross the road based on what cars were on that particular part of the road 5 minutes ago or what cars are on it right this second?
ruthlessimon wrote: ↑Mon Nov 09, 2020 9:44 pmI like that analogy! Imo gb is like a road next to a school. Quiet most of the time, but everyday @08:30 you need your wits about or you're gonna end up roadkillTrader Pat wrote: ↑Mon Nov 09, 2020 8:30 pmDo you cross the road based on what cars were on that particular part of the road 5 minutes ago or what cars are on it right this second?
I guess there are layers who profit from laying at these prices, but I don't think I would be. The problem is that I just don't trust a few people laying tenners to indicate if it's weak (or not), they often drift only because of the book % shifting prior to post. You'd have to regularly find 9.2s that drift into 11, 12+, etc, to account for the ones that drop like a stone into 8, 7-.goat68 wrote: ↑Mon Nov 09, 2020 8:54 pmYes, my main reason was I thought it looked weak, and all the other runners strong...Tetras wrote: ↑Mon Nov 09, 2020 8:51 pmDo you remember what I said about backing at 6.8? The same is true for laying at 9.2, who is going to support your position and be willing to lay here? If big money comes in at these prices you'll never get out. If you're laying, you ideally need a crossover (>> that has been tested! <<) underneath you, Peter talks about it in the video I linked.
^^ following the marketsgoat68 wrote: ↑Mon Nov 09, 2020 8:40 pmOh I must be blind, I traded Mostamillim, Layed at 9.2 as I thought 9 would provide support and all other favs looked on downtrends...smallplayer wrote: ↑Mon Nov 09, 2020 8:27 pmIf you had traded nothing today but the last, you could have made a days wages. Mostallim came in from 11's to 3.5 where a blind man could have seen it would retract. just an example that you don't have to trade many, just the obvious ones.
Bailed for loss at 7.2
which is why i use candle charts as a guide but mainly the laddersTetras wrote: ↑Mon Nov 09, 2020 9:15 pmHe is, but he's mainly talking about the recent price activity (which I assume he has witnessed prior to starting the video) and he says if a favourite breaks through the crossover at this point, it tends to accelerate. Less important, but noteworthy: it is at Chelmsford *, in January, fairly modest matched volumes and from what I can tell, a weak field, but one that has decent potential to support his position.goat68 wrote: ↑Mon Nov 09, 2020 8:52 pmSo Peter implicitly is using the chart for that trade, he says price action before this is fav coming in, and 2nd fav going out.... That would be obvious on the chart.. That is a setup I would use from charts and the crossoverTetras wrote: ↑Mon Nov 09, 2020 8:42 pm
There's not much about a market that can't be included, but the main ones I use are in 1. and 2. in my previous post. I only have a few that involve charts.
An example where Peter talks about it (first minute): https://www.youtube.com/watch?v=3zI0vI0t3vU
The problem with charts is like Pat said, they're a lagging indicator and worse than that, they have no timescale and poorly indicate volumes. Money speaks, but BF charts are a distorted interpretation of what it says.
* https://www.betfairtradingblog.com/blog ... cecourses/
