it sucks for all that the markets have become this way,especially for me after 3+ years of slog and loss to arrive at a point where i kinda know what im doing ,and now the markets are crap.
i just spend my time looking for drifts early out and get out with some money small as it might be.spending my time looking for trading football stratagies ,if any one knows any good football trading stratagy ,litrature , or sites ,please pm me..
thanks....
when all the pros and premium charge people are complaining i really dont stand much of a chance,the markets are as cold as a whores heart,,,lol...
Marc
Today's Horse Racing
Anyone traded the fav in the 8:10 at Ballinrobe? Did you count the number or frequency of gambles?
I opposed the fav at mid 5's which went about 10 ticks in my favor. You can see the sharp drift in the chart.
So I set a stop-loss at scratch to let the profit run, but it was short-lived. A gamble followed next bringing it right down to my entry for scratch. And then more smaller gambles/spikes followed right until the off.
I opposed the fav at mid 5's which went about 10 ticks in my favor. You can see the sharp drift in the chart.
So I set a stop-loss at scratch to let the profit run, but it was short-lived. A gamble followed next bringing it right down to my entry for scratch. And then more smaller gambles/spikes followed right until the off.
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You may want to recheck your sources Steven1976.steven1976 wrote:its the same on BD jimrobo. I was on there last night and the front of the markets are so closely linked it is wrong.
I remember Jamest1st had a problem with smarkets and kicked off because the market makers werent happy and requested him to be banned.
......................
I have never been a member of /or used Smarkets ever, so I don't think I can get banned!
Your only hope of winning these days is to be extremely confident in what you're doing and hold your position over the long term. Any stop-lossing and you're just gonna get killed.
Look I'm a net winner at gambling. My picks are winners. Exactly the same selections I try at trading and I get killed. These are winning selections. I should not be losing, but at trading I just keep getting clobbered. Why? If I accept a price, immediately the market gets pushed against me by a huge number of ticks every single time. If instead I just ask for a price, I never get matched at all.
When you've eliminated the possible, whatever remains, however, improbable, must be the truth.
I'm telling beyond a shadow of a doubt, the markets are being heavily manipulated, and specific individuals are being targeted.
Look I'm a net winner at gambling. My picks are winners. Exactly the same selections I try at trading and I get killed. These are winning selections. I should not be losing, but at trading I just keep getting clobbered. Why? If I accept a price, immediately the market gets pushed against me by a huge number of ticks every single time. If instead I just ask for a price, I never get matched at all.
When you've eliminated the possible, whatever remains, however, improbable, must be the truth.
I'm telling beyond a shadow of a doubt, the markets are being heavily manipulated, and specific individuals are being targeted.
Advice to newbies: don't listen to this.Zenyatta wrote:Your only hope of winning these days is to be extremely confident in what you're doing and hold your position over the long term. Any stop-lossing and you're just gonna get killed.
Some pros will argue that you shouldn't have a fixed stoploss, and that you should respond to what the market is telling you. That's fine, but to not have an exit strategy is frankly madness. Put it this way. If you backed at 4.0 and the market is now at 6.0, and you haven't closed your trade, you've screwed up...
Jeff
Jeff, after trying to use stop-losses for years and being repeatedly fleeced of thousands of dollars due to deliberate market manipulation, I'd have to be a complete dumb-arse to keep on trying to use them wouldn't I?Ferru123 wrote: Advice to newbies: don't listen to this.
Some pros will argue that you shouldn't have a fixed stoploss, and that you should respond to what the market is telling you. That's fine, but to not have an exit strategy is frankly madness. Put it this way. If you backed at 4.0 and the market is now at 6.0, and you haven't closed your trade, you've screwed up...
Jeff
I know that's a rhetorical question but I'll answer it anyway: No.
Maybe it wasn't your use of stop losses that got your into trouble, but the way you used them, or your overall approach.
If you enter at random with a stop of x and an offset of y, you'll lose money, but very slowly. Maybe you'd do better if you were to use a slightly smarter approach, such as:
- Using a rolling stop
- Letting your profits run, rather than greening up at a pre-determined point.
- Ensuring that your stops are not too tight or too loose.
- Staking an amount such that you will only lose 1 or 2% of your bank if the market spikes against you.
- Not trying to trend trade in heavily ranging markets.
With greatest respect, this is a case of a poor workman blaming his tools.
Jeff
Maybe it wasn't your use of stop losses that got your into trouble, but the way you used them, or your overall approach.
If you enter at random with a stop of x and an offset of y, you'll lose money, but very slowly. Maybe you'd do better if you were to use a slightly smarter approach, such as:
- Using a rolling stop
- Letting your profits run, rather than greening up at a pre-determined point.
- Ensuring that your stops are not too tight or too loose.
- Staking an amount such that you will only lose 1 or 2% of your bank if the market spikes against you.
- Not trying to trend trade in heavily ranging markets.
With greatest respect, this is a case of a poor workman blaming his tools.
Jeff
Zenyatta wrote: Jeff, after trying to use stop-losses for years and being repeatedly fleeced of thousands of dollars due to deliberate market manipulation, I'd have to be a complete dumb-arse to keep on trying to use them wouldn't I?
Been hidin' out and layin' low
It's nothing new to me
Well, you can always find a place to go
If you can keep your sanity
They break down the doors and they rape my rights but
They won't touch me
They scream and yell and fight all night
You can't tell me
I lose my head, I close my eyes
They won't touch me
'Cause I got somethin' 've been buildin' up inside
For so fuckin' long
They're out ta get me
They won't catch me
I'm fuckin' innocent
They won't break me Lyrics from Guns N Roses
Seems that there is an uprising of blame culture developing in this forum recently with several posters claiming that "they" are "out to get me" with complaints of market manipulation and other shenanigans in the horse racing markets.
In 650BC shysters in the horse racing game were adding spikes to their chariots in an effort to gain an edge or profit; in 2013 shysters started peppering our burgers with horsemeat; I think you will find that any competitive event or trade throughout the ages is littered with unsavory types who like to think outside the box.
"THEY" will always exist in the world of gambling and if you don't like heat then I would advise that you stay out of the kitchen. If you think trading players are out to get you then I would suggest that you consider the possibility that "they" don't even know that "you" exist.
Market manipulators are simply people like you and me who are trying to make a buck or two by employing any and every available technique legally available to them. When I want a couple of extra ticks in a weak market, what is wrong with me giving the odds a nudge? I can therefore I do.
As Euler keeps repeating, stop trying to change the markets; stop complaining about events you don't understand and start working with what the market is telling you.
It's nothing new to me
Well, you can always find a place to go
If you can keep your sanity
They break down the doors and they rape my rights but
They won't touch me
They scream and yell and fight all night
You can't tell me
I lose my head, I close my eyes
They won't touch me
'Cause I got somethin' 've been buildin' up inside
For so fuckin' long
They're out ta get me
They won't catch me
I'm fuckin' innocent
They won't break me Lyrics from Guns N Roses
Seems that there is an uprising of blame culture developing in this forum recently with several posters claiming that "they" are "out to get me" with complaints of market manipulation and other shenanigans in the horse racing markets.
In 650BC shysters in the horse racing game were adding spikes to their chariots in an effort to gain an edge or profit; in 2013 shysters started peppering our burgers with horsemeat; I think you will find that any competitive event or trade throughout the ages is littered with unsavory types who like to think outside the box.
"THEY" will always exist in the world of gambling and if you don't like heat then I would advise that you stay out of the kitchen. If you think trading players are out to get you then I would suggest that you consider the possibility that "they" don't even know that "you" exist.
Market manipulators are simply people like you and me who are trying to make a buck or two by employing any and every available technique legally available to them. When I want a couple of extra ticks in a weak market, what is wrong with me giving the odds a nudge? I can therefore I do.
As Euler keeps repeating, stop trying to change the markets; stop complaining about events you don't understand and start working with what the market is telling you.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I have to say I agree with this comment. I have in the past been there where I felt the market was out to get ME. Everytime I put an order in it would get ME.James1st wrote:Seems that there is an uprising of blame culture developing in this forum recently with several posters claiming that "they" are "out to get me" with complaints of market manipulation and other shenanigans in the horse racing markets.
Then I stopped and thought about it - the reality is that at any given moment there are probably hundreds if not thousands of orders being put into a market so are THEY really going to be able to push the market against just ME. No.
I then realised it must be me who is making poor entries, I reassessed and made changes. What had happened was that there had been a shift in the market and I had failed to adapt to it and rather than realise it was me to blame I was blaming the market.
Although I don't trade on BF any more I am pretty certain that what has happened of late is a change in the market. It sounds as though it has got a lot weaker for example but it is quite clear that it is possible to still make huge amounts of profit. The best freely available example of this is Peter's blog:
http://www.betangel.com/blog_wp/2013/07 ... un-shines/
He made £5,000 a week the last two weeks! So it is still very much possible to make huge amounts if you do as Peter says and make the market your slave not you the slave of the market.
That is of course unless Peter is the 'THEY'
The first 2 races at Muss at least got me off to a good start to the day. The 2:30 Mdn Stks was a nice clear trade.
It may not look like a big move in the chart but that was out from 1.5's to 1.8 at post-time. Good 25 to 30 ticks.
It may not look like a big move in the chart but that was out from 1.5's to 1.8 at post-time. Good 25 to 30 ticks.
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
James1st. Legally (same rules as everyone else) yes. Matching own bets no, because that can influence opinions.
I'll send you a 40 second video if you are willing to give your opinion on it to me as to whether you think the videos are self matching or just the market?
Don't presume that people don't understand a situation they find themselves in just because other more profitable traders say certain things. There is always 2 sides to the story.I actually interoperate what Peter says as "let the market be your slave" probably different to what you do. It's all opinions but I would interoperate that as slaves are controlled.
I have posted quite a lot of vids on you tube now on various situations in regards to various situations. I don't just put my comments out there without trying to support them. I don't just say they are corrupt markets without saying why. I put my opinions out there because it first helps what I really do and secondly it may help a few people who are blindly backing 100 quid on a donkey at 8s just presuming because it drifted.from 6s to 8s the market is going to turn around and there seems to be some support at 8.2s and sit there expecting.the market to.turn back in their favour.
It's up to people to take the vids I present and my views I give and interoperate them to find a few tips points that they may benefit from. If they don't find anything in my vids then it's up to them. Nothing ventured, nothing gained. Then the smart guys may take 5% from it and help them.
Ste
I'll send you a 40 second video if you are willing to give your opinion on it to me as to whether you think the videos are self matching or just the market?
Don't presume that people don't understand a situation they find themselves in just because other more profitable traders say certain things. There is always 2 sides to the story.I actually interoperate what Peter says as "let the market be your slave" probably different to what you do. It's all opinions but I would interoperate that as slaves are controlled.
I have posted quite a lot of vids on you tube now on various situations in regards to various situations. I don't just put my comments out there without trying to support them. I don't just say they are corrupt markets without saying why. I put my opinions out there because it first helps what I really do and secondly it may help a few people who are blindly backing 100 quid on a donkey at 8s just presuming because it drifted.from 6s to 8s the market is going to turn around and there seems to be some support at 8.2s and sit there expecting.the market to.turn back in their favour.
It's up to people to take the vids I present and my views I give and interoperate them to find a few tips points that they may benefit from. If they don't find anything in my vids then it's up to them. Nothing ventured, nothing gained. Then the smart guys may take 5% from it and help them.
Ste