Trading What I see !?

[Tetras]

I'm going to try something radical tomorrow, by not looking at the Betfair charts, just trade the ladder... I think the charts are giving me a losing bias...

Were you basing the support / resistance only on the charts, then? That can work sometimes, but if you're in a trade before the money comes in then they are practically meaningless. It also depends on the race type and the meeting. The money will likely come in a lot earlier at Cheltenham tomorrow, for example, but ITV races are always more stable markets.

Which markets and prices were your biggest losers today?

Sedge and Taunton worst

Did you lose in any of the ITV races? I was profitable in ITV races months before the other ones, but they do influence the other meetings, which usually trade very differently.

I'm realising I haven't got a clue on the ladder, I can see short term 10 second momentum, but can't see how you can predict trends

10 second momentum is significant!

[goat68]

I'm realising I haven't got a clue on the ladder, I can see short term 10 second momentum, but can't see how you can predict trends

do you use the advanced charts?

i have a quick glance at the betfair charts, but thats it, i have the advanced candle charts pinned to the bottom of the ladder with the money graph for each horse, so i can quickly glance whats been moving recently and whos getting the most money on them?

i find them a lot more usefull than a betfair chart

The other advice was just use the ladder and not so much the charts though as it's history....

[Bubace]

I'm realising I haven't got a clue on the ladder, I can see short term 10 second momentum, but can't see how you can predict trends

do you use the advanced charts?

i have a quick glance at the betfair charts, but thats it, i have the advanced candle charts pinned to the bottom of the ladder with the money graph for each horse, so i can quickly glance whats been moving recently and whos getting the most money on them?

i find them a lot more usefull than a betfair chart

The other advice was just use the ladder and not so much the charts though as it's history....

yeah i dont really use them as historical data as they update every second, just find it easier to keep an eye what the other horses are doing, where the money is and maybe which horse is driving which price moves? im far from an expert though, or profitable , just helps me a bit

[smallplayer]

If you are any good at making videos Goat, upload a few of your trades..I'd say many would watch and advise.

[goat68]

If you are any good at making videos Goat, upload a few of your trades..I'd say many would watch and advise.

Ooo, that would be embarrassing
I've not setup screen recording yet

[goat68]

If you are any good at making videos Goat, upload a few of your trades..I'd say many would watch and advise.

But yes good idea

[smallplayer]

If you are any good at making videos Goat, upload a few of your trades..I'd say many would watch and advise.

Ooo, that would be embarrassing
I've not setup screen recording yet

What do you want more..to be a winning trader or have your pride intact?

[jamesg46]

I apologise in advance if I'm way off track but I haven't been tracking the thread but I thought I'd chuck in an idea that may or may not help.

If you're struggling with trades going too far agaist you then why not let Guardian be your Guardian and close out trades for some specific reasons that Guardian could see way before you or I could.

So for example, you're scalping and you enter a lay into the market because the volume waiting on the back side is greater than the volume waiting on the lay side, indicating a tempory imbalance that you think is a chance to exploit. You enter your trade manually but a slurp of your drink or a thought about the election thread later and the market has changed, the money waiting has flipped sides... why not get Guardian to detect this for you and close the position.

That's just an example and I'll attach a file that I've just made that will show you how to do it. There is probably better ways or more efficient ways & I'm sure somone may chip in with some good ideas but as an example at least it's here if you so choose to look into it going down this route.

Please be aware that I haven't tested this file and it's just one example of many ways that you could utilise Guardian to be your set of faster eyes.

[goat68]

I apologise in advance if I'm way off track but I haven't been tracking the thread but I thought I'd chuck in an idea that may or may not help.

If you're struggling with trades going too far agaist you then why not let Guardian be your Guardian and close out trades for some specific reasons that Guardian could see way before you or I could.

So for example, you're scalping and you enter a lay into the market because the volume waiting on the back side is greater than the volume waiting on the lay side, indicating a tempory imbalance that you think is a chance to exploit. You enter your trade manually but a slurp of your drink or a thought about the election thread later and the market has changed, the money waiting has flipped sides... why not get Guardian to detect this for you and close the position.

That's just an example and I'll attach a file that I've just made that will show you how to do it. There is probably better ways or more efficient ways & I'm sure somone may chip in with some good ideas but as an example at least it's here if you so choose to look into it going down this route.

Please be aware that I haven't tested this file and it's just one example of many ways that you could utilise Guardian to be your set of faster eyes.

Thanks I'll import that and have a look, cheers

[goat68]

I've said this before but my results seem to be exhibiting random behaviour, in that I do ok for a couple of days and then variance goes the other way and I lose all the gains.
I need an edge!

[jamesg46]

I apologise in advance if I'm way off track but I haven't been tracking the thread but I thought I'd chuck in an idea that may or may not help.

If you're struggling with trades going too far agaist you then why not let Guardian be your Guardian and close out trades for some specific reasons that Guardian could see way before you or I could.

So for example, you're scalping and you enter a lay into the market because the volume waiting on the back side is greater than the volume waiting on the lay side, indicating a tempory imbalance that you think is a chance to exploit. You enter your trade manually but a slurp of your drink or a thought about the election thread later and the market has changed, the money waiting has flipped sides... why not get Guardian to detect this for you and close the position.

That's just an example and I'll attach a file that I've just made that will show you how to do it. There is probably better ways or more efficient ways & I'm sure somone may chip in with some good ideas but as an example at least it's here if you so choose to look into it going down this route.

Please be aware that I haven't tested this file and it's just one example of many ways that you could utilise Guardian to be your set of faster eyes.

Thanks I'll import that and have a look, cheers

Its just an example but when you think about it, you can literally get Guardian to close a position if the opposite to your entry rules accurr. So it may be that you're trading a 2 race that has 2 strong favs. You enter on 1 because the other is drifting or steaming so set up some Servants that close your positions based on why you would exit if you were in that trade.

Its the Guardian to you inside of Bet Angel... use it, its faster than you or I ever could be and has no emotions. Sometimes we feel like "well ill just hold on another few seconds because" and then we start finding reasons to keep losing money. Guardian doesn't have our issues, it does as its told.

[goat68]

I need to stop playing around thinking I have a magical edge in what I am doing and analyse something to find an edge.......

[jamesg46]

I need to stop playing around thinking I have a magical edge in what I am doing and analyse something to find an edge.......

Your biggest edge is defending your bank against yourself. Your instinct will get you into trades but they won't get you out.

[goat68]

I need to stop playing around thinking I have a magical edge in what I am doing and analyse something to find an edge.......

Your biggest edge is defending your bank against yourself. Your instinct will get you into trades but they won't get you out.

Agree but that gets you to breakeven at best...

[jamesg46]

I need to stop playing around thinking I have a magical edge in what I am doing and analyse something to find an edge.......

Your biggest edge is defending your bank against yourself. Your instinct will get you into trades but they won't get you out.

Agree but that gets you to breakeven at best...

Maybe take some of the automation that Dallas has created to help improve your entries and create the opposing conditions to the entry as rules to close.