Trading What I see !?

[vhdgkl]

I was reflecting on some price areas...
2.86..3.85...especially in up trend, those areas are acceleration zones because all the losing traders want to close their position there....
From 4 and up, the loss would be excessive....
If there are a lot of zigzags at 3.4 3.5 then the price drifts..at 3.85 I expect a violent upward acceleration because all the traders place their stop losses there.


Any suggestions?

[goat68]

I was reflecting on some price areas...
2.86..3.85...especially in up trend, those areas are acceleration zones because all the losing traders want to close their position there....
From 4 and up, the loss would be excessive....
If there are a lot of zigzags at 3.4 3.5 then the price drifts..at 3.85 I expect a violent upward acceleration because all the traders place their stop losses there.


Any suggestions?

Interesting thoughts. The zig zags at 3.4 3.5 could mean either direction depending on who wins(backer/layers) I would have thought? If "Fred" is particularly keen this weekend to get all his Savings money on "FastDonkey", then he might be happy to back down to 3.0 !

[goat68]

So opinion drives price movement, but whose "opinion"? Traders? Punters? AllTheAbove?

[Realrocknrolla]

So opinion drives price movement, but whose "opinion"? Traders? Punters? AllTheAbove?

Money drives the price movement. And all the above. Mainly people’s perception by placing trades.

Bookies can be added to the list.

[goat68]

So opinion drives price movement, but whose "opinion"? Traders? Punters? AllTheAbove?

Money drives the price movement. And all the above. Mainly people’s perception by placing trades.

Bookies can be added to the list.

Thanks,
so "Mainly people’s perception by placing trades. "
and do you have any views on what perception these people use?

• horse form
  tips
  price ranges
  volume
  "value"
  the weather
  the course
  the day of the week
  the month of the year

?

[Realrocknrolla]

So opinion drives price movement, but whose "opinion"? Traders? Punters? AllTheAbove?

Money drives the price movement. And all the above. Mainly people’s perception by placing trades.

Bookies can be added to the list.

Thanks,
so "Mainly people’s perception by placing trades. "
and do you have any views on what perception these people use?

• horse form
  tips
  price ranges
  volume
  "value"
  the weather
  the course
  the day of the week
  the month of the year

?

All of them.

I back my horse cos i own it(syndicate).

A million different reasons for trading reasons though. Keep things simple.

Peter re-posted on twitter about starting off etc. Have a butchers. I read and listen to most of the things and then go back and read again. It is refreshing

[Trader724]

"Mainly people’s perception by placing trades. "
and do you have any views on what perception these people use?

• horse form
• tips
• price ranges
• volume
• "value"
• the weather
• the course
• the day of the week
• the month of the year

?

All of those and more. Some crazier then others.

[rik]

I was reflecting on some price areas...
2.86..3.85...especially in up trend, those areas are acceleration zones because all the losing traders want to close their position there....
From 4 and up, the loss would be excessive....
If there are a lot of zigzags at 3.4 3.5 then the price drifts..at 3.85 I expect a violent upward acceleration because all the traders place their stop losses there.

haha come on man what a nonsense

[goat68]

I was reflecting on some price areas...
2.86..3.85...especially in up trend, those areas are acceleration zones because all the losing traders want to close their position there....
From 4 and up, the loss would be excessive....
If there are a lot of zigzags at 3.4 3.5 then the price drifts..at 3.85 I expect a violent upward acceleration because all the traders place their stop losses there.

haha come on man what a nonsense

haha, I know your game, a double-bluff, to put us off the scent...., you can't fool me! i'm off to write my bot now......

[goat68]

So after the debacle of my bot errors last week, off to a reasonable start with an updated bot this week. Here's hoping it's the beginning of a dead cat bounce of my PnL chart!

PnLChart.jpg

[goat68]

3hours analysing bot logs...
new bot variant deployed and ready for tomorrow !

[goat68]

you know every time I update or create a new bot, I feel great confidence, ie.this feels as though it's going to be it, i've studied the logs and can see what the market was doing.... Only for the future markets to confound my plan

[goat68]

Thinking positively, thanks to a great Monday, the bot is only -£3 down this week so far, so it doesn't need much of a good day to get back positive...

[Realrocknrolla]

you know every time I update or create a new bot, I feel great confidence, ie.this feels as though it's going to be it, i've studied the logs and can see what the market was doing.... Only for the future markets to confound my plan

You seem like a smart fella. Have you considered studying the fundamental side of things?

Horse, weight, pedigree, age, track, distance, accessories, weather, jockey, trainer, form, class of race, course specialist, history of nag and the trainer history, expected pace of race etc etc. List is endless.

[goat68]

you know every time I update or create a new bot, I feel great confidence, ie.this feels as though it's going to be it, i've studied the logs and can see what the market was doing.... Only for the future markets to confound my plan

You seem like a smart fella. Have you considered studying the fundamental side of things?

Horse, weight, pedigree, age, track, distance, accessories, weather, jockey, trainer, form, class of race, course specialist, history of nag and the trainer history, expected pace of race etc etc. List is endless.

So interesting point. My approach with manual trading and now automation, was always "Order Flow", which according to Peter has no link to most of the above, or rather it does but indirectly, in that the punters you're following the order flow of have already done this work for you...you're following that and not the form directly...
You can look at these criteria, and form an opinion, and then trade based on that, but that's no good if in reality the market has formed a different opinion, having said that you can always then get better at forming the correct opinion, and obviously many have successfully. So I can't rule it out.
Obviously Guardian only has limited scope for the above on its own, I can see track, distance, class of race as the ones you could infer from "Market name".