Hello
I'm new to this and I see there are a lot of different charts to use for horde racing but my question is ..
How do I read them , which one do I use and what are the signals I look for ?
I'm trying the 10 second fill or kill as shown in the video library and I've had some success but overall I'm done about 20 percent. Only using the minimum stakes until I get to understand it better.
Thanks in advance for any help
Using charts for horse racing
Hi Glarz, I believe the graphs are key to success in horse racing, especially when swing trading. I tend to look at a race 15 mins before the off and things you should look out for are:
- The spikes caused because of a large bet (either back or lay).
- The overall trend of the horse (firm or drift), don't overthink this, just go in with a clear head.
- Sometimes you may want to look at the other horses graphs to see if there is support for them or not.
Hope this helps.
- The spikes caused because of a large bet (either back or lay).
- The overall trend of the horse (firm or drift), don't overthink this, just go in with a clear head.
- Sometimes you may want to look at the other horses graphs to see if there is support for them or not.
Hope this helps.
BetAngel offer an impressive variety of charts. But is there anywhere on the site or elsewhere which explains them in layman's terms? For example
"A OHLC Chart - back with moving average - 5 second interval (B)"
is a gobstopper to somebody without a background in financial trading.
"A OHLC Chart - back with moving average - 5 second interval (B)"
is a gobstopper to somebody without a background in financial trading.
My advice is don't get too hung up on charts and graphs. There are plenty of signals going on in the market. Charts can confuse you.
They do have their uses. You can see where the money has come from and where it is going to a point.
The danger is when you react to every movement in odds. You close positions that will be profitable and miss entry points.
If you are trading the last few minutes pre off, I find it better to look at the ladder and have my shading set to money traded last 30 seconds. I can look at the main players, work out the resistant points and judge the direction and momentum of the money without any charting.
I do look at the long term charts to see what has happened during the lifetime of the market. But I don't really want them to rule what I do.
The markets are so volatile nowadays.
Can't wait for the amount of money traded to be added to Betdaq - that's the final piece in the jigsaw for me.
That's how I do it nowadays anyway - But find what works for you. There is no "one size fits all " solution.
MG
They do have their uses. You can see where the money has come from and where it is going to a point.
The danger is when you react to every movement in odds. You close positions that will be profitable and miss entry points.
If you are trading the last few minutes pre off, I find it better to look at the ladder and have my shading set to money traded last 30 seconds. I can look at the main players, work out the resistant points and judge the direction and momentum of the money without any charting.
I do look at the long term charts to see what has happened during the lifetime of the market. But I don't really want them to rule what I do.
The markets are so volatile nowadays.
Can't wait for the amount of money traded to be added to Betdaq - that's the final piece in the jigsaw for me.
That's how I do it nowadays anyway - But find what works for you. There is no "one size fits all " solution.
MG
Thanks Mugsgame. I've found your posts for Newbies very helpful. Before I decide to use or not use them, I really should have some understanding of what the charts are about. I learned about Candlesticks on Babypips and I find them helpful for understanding sudden changes in trends and how small money can push a price out.
I have recently migrated from Flatstats where the site's many features are carefully explained.
I have recently migrated from Flatstats where the site's many features are carefully explained.
I've tried that 30 second setting at Kempton tonight and found it quite useful. I'd love to know how to spot the main players.I find it better to look at the ladder and have my shading set to money traded last 30 seconds. I can look at the main players