Today's Horse Racing
I can't speak for others and imo they're relevant depending on strategy. For example, maybe I'm trading the trend using the 1 minute chart & within my plan I offer to the market, maybe a good place to offer is around the moving average in anticipation of another bounce higher. Could be looking to trade reversals and a break down of a trend into the opposite direction etc etc.
I don't know what others find useful or use on their charts, I'm mainly focused on volume & price action but on certain trades I like to see all 3 trending in the same direction.
Find myself going round in circle with these markets. Something can be profitable for a day or 2 and then revert back to zero. Everyone digging around for these little niche’s with in the market but the all seem to come up short. Yes one or 2 points may make a few quid but not much. Not enough to be paying 1000’s in premium charges. It’s all randomness in my opinion. Which makes me think are most of us completely missing the bigger picture? Just looking at a market and saying ahh that’s been backed or laid at certain points doesn’t seem right to me. Every man and his dog is trying to do that.
You're obviously not a member of the "inner circle" then?Snaff wrote: ↑Wed May 05, 2021 8:02 amFind myself going round in circle with these markets. Something can be profitable for a day or 2 and then revert back to zero. Everyone digging around for these little niche’s with in the market but the all seem to come up short. Yes one or 2 points may make a few quid but not much. Not enough to be paying 1000’s in premium charges. It’s all randomness in my opinion. Which makes me think are most of us completely missing the bigger picture? Just looking at a market and saying ahh that’s been backed or laid at certain points doesn’t seem right to me. Every man and his dog is trying to do that.
I'm closing in, currently on nearly 1200 forum posts, Kai I think said 2000 needed...
I've experienced this and I'm sure many others have. Markets behave differently and it takes a lot of experience to recognise it, you have to adapt or die and that comes with practice. Something could be being backed and then it drastically changes in the last 3 mins, if you hold on to your original theory rather than adapting to what you see then you will lose. If you have a losing run then you start doubting yourself and trading irrationally even though the variance may have been completely normal. The variance can play a part in making you think that you've cracked it one day and that you are always wrong anotherSnaff wrote: ↑Wed May 05, 2021 8:02 amFind myself going round in circle with these markets. Something can be profitable for a day or 2 and then revert back to zero. Everyone digging around for these little niche’s with in the market but the all seem to come up short. Yes one or 2 points may make a few quid but not much. Not enough to be paying 1000’s in premium charges. It’s all randomness in my opinion. Which makes me think are most of us completely missing the bigger picture? Just looking at a market and saying ahh that’s been backed or laid at certain points doesn’t seem right to me. Every man and his dog is trying to do that.
Last edited by alexmr2 on Wed May 05, 2021 2:20 pm, edited 1 time in total.