Charts like this one in the screen shot

[mindiawl]

Hi, I have found these charts that I have ringed in red but cant seem to set them up to be in my ladder interface like this one in the photo of mugsgames video. help please. Thanks

[mugsgame]

This is a older version of BA when I did those videos. To replicate this now.
1) Undock the tab "Charts" - you can pin this on your screen
2) Click on "Chart settings"
3) The only boxes you need to tick are:
BACK Prices - Slow Moving Average Line and Envelope for Slow MA

In Weight Of Money at bottom tick
LONG WOM moving Average Line

You can change the colours to suit.

Don't get too wrapped up in the charts - I was using them to illustrate what I was seeing. Once you tune in you can judge the moves on the ladder alone - that's pretty much all I use now. Once I have had a look at the long term trends to make an initial assessment of the market to see what has happened during the lifetime of the market.
MG

[mindiawl]

Hi, thanks very much for the reply, And have just set up those charts.

I had a really bad day yesterday I lost on every trade (by the way Im still in practice mode 1 month in).

I was pulling my hair out so I wrote a topic in here asking for advise and help, so somebody gave me the link to your videos and blog.

I have watched about 15 of your videos starting from the oldest, and guess what, a profit on every race so far today.

You are a star and I love learning this way especially from a pro.

After all the videos im on to the blog.

Do you still create videos and still add to the blog weekly / monthley?

Again thanks very much for reply, I was not in a million years expecting a reply from the man himself.

Thanks Meurig

[woodhousejj]

HI - Just want to add my thanks to MGEducational - picked up the link from this thread. Just watched a few videos - great pointers on the ladder to look out for - don't use practice mode just been using £2 - now upto £10. The tip on recognising spoof money is priceless - you can start to read the way ladder is being setup - watched the ladders today especially when another horse was joint favourite - result - just like the video.
Thanks Again
John W

[mindiawl]

Hi mugsgame, I watched a video of yours on youtube last week but have watched about 30 to 40 others of yours since so cant remember which one it was that explained what the things I circled in the attach photo actually mean? As in what are they telling me?

Do you know which video it is or is it possible you can explain please? Thanks

[mugsgame]

Hi mugsgame, I watched a video of yours on youtube last week but have watched about 30 to 40 others of yours since so cant remember which one it was that explained what the things I circled in the attach photo actually mean? As in what are they telling me?

Do you know which video it is or is it possible you can explain please? Thanks

Like I said - I don't rely on graphs to help me trade, just as an illustration to try to explain what is going on really. Trading by charts/graphs in isolation on 1 horse means you miss what's going on in the rest of the market. But I can explain

The top left shows the envelope of the slow moving average back prices - the line in between if the current price. Essentially the wider the envelope the more volatile the price. When all 3 lines converge as in the far right of that chart you have a stable situation. That way I interpret this is something is about to happen - this is where you need to see the whole picture to understand what it may be. You can however gets some clues from the other info on the screen.

Below this chart is a volume bar chart. The spikes are matched volumes entering the market, to the right (bottom right) is the moving average line.

The top right is WOM - long moving average - This is a dangerous chart as it only means anything if combined with other info telling you the same thing. It's easily manipulated.

Please don't get wrapped up in charts, like I said before - they are a tool but not definitive. I pretty much trade now with just ladders - 5 or 6 of the horses that are influencing the market. I then trade with a style that suits the market conditions and fill rates.

I'll try and do some more videos to show what I mean. The thing is with Racing markets is they change constantly. You have to adapt and change with them to remain effective.

[mindiawl]

Thank you very much for that prompt well explained reply.

I have just been on your blog and saw that you have just wrote on it again, great to see that happening.

Is there any way that a blog follower, (As in me) for instance can tick a box somewhere and then as soon as you write something on your blog I get notified? Or do I need to check daily?

Thanks

[mugsgame]

Thank you very much for that prompt well explained reply.

I have just been on your blog and saw that you have just wrote on it again, great to see that happening.

Is there any way that a blog follower, (As in me) for instance can tick a box somewhere and then as soon as you write something on your blog I get notified? Or do I need to check daily?

Thanks

You can subscribe to the RSS Feed. Google RSS to understand what it does. It's not the same as a blog subscription in which the blog writer gets your email etc. My RSS feed is on the right hand side near the top - It's the orange symbol adjacent to Facebook/Twitter and Youtube.
MG

[mindiawl]

Great thanks

[mindiawl]

Good morning mugsgame, been up since 4:30am watching more of your videos.

woodhousejj I now understand as you did on Friday the beauty of understanding the false / spoof money.As you said priceless.

mugsgame Can I ask one question please, as I cant get my head round it.

I see and hear you often saying that your taking a bit of money out, as in you have backed £500 on 1.8 and when it gets to lets say 1.62 you will take £100 or £200 out, Why is that different to leaving it till the end and just greening up?

And when you do take it out does the green value on the left hand side of the ladder lower in value as I cant seen to see it going down.

If its not going down then why not as you have less of your money in the market?

Thanks

Meurig.

[mugsgame]

Good morning mugsgame, been up since 4:30am watching more of your videos.

woodhousejj I now understand as you did on Friday the beauty of understanding the false / spoof money.As you said priceless.

mugsgame Can I ask one question please, as I cant get my head round it.

I see and hear you often saying that your taking a bit of money out, as in you have backed £500 on 1.8 and when it gets to lets say 1.62 you will take £100 or £200 out, Why is that different to leaving it till the end and just greening up?

And when you do take it out does the green value on the left hand side of the ladder lower in value as I cant seen to see it going down.

If its not going down then why not as you have less of your money in the market?

Thanks

Meurig.

Just because the odds have been moving in 1 direction it doesn't mean they will keep moving. There are a few reasons I would have reduced my liabilities.
1) I can see signs the swing is slowing down - what are the other prices doing in the market?
2) What is happening on track - is the horse acting up?
3) Is it very close to the start? When everyone starts to close positions the price can bounce - If you have a substantial amount in it can be difficult to exit quickly.

The green value on the left is a green book if you close all your money at that price. If you take some out that profit will reduce as you have less money in.

Sometimes in my videos I make the wrong call - That's the point of them. Did you see the one where I lost a couple of hundred quid in 30 seconds? In the heat of battle you make split second calls involving £100's. Sometimes you close to early, sometimes you get it spot on. The thing is it isn't an exact science. You have to feel your way through and use your experience and judgement to try and get it right. I think it's good for everyone to record their trading. When you watch it back and see all the cock ups you make it makes you a better trader.
Maybe that's why there are not so many "proper" trading videos around. Certainly not ones where people actually lose. Why would you want to show the whole world that you get it wrong ? Saying that, losing is ok. I lose sometimes. I hate it, but it happens. I don't take it personally, it's part of the game. You just forget about it and move on to the next opportunity. The important stat is at the end of the month have you got more than you started with? Breaking it down into week, day, hour, race is pretty pointless. It affects what you do and your decision making process. I learned a long time ago - trade 1 race and then move on - whatever the result. That's one of the differences between Pro's and the rest I guess.
Hope this answers your question
MG

[mindiawl]

Hi, thanks for the reply.

No I have not seen that one yet. (Do you remember the name of it?)

I have seen one where I think you lost £60 or £70.

The thing is I was going nicely through your videos over the last week or so and youtube nicely had the word watched transparently transfered on all of yours that I had watched.

But now the watched has gone apart from the ones I viewed yesterday and today so I dont know where I am. Dam.

1 Last question,I have seen on a few of your vids that you are backing a fav that is coming in and you point out and correctly predict that the second fav is going out.

Why are you only backing to lay the fav?

Can you not also lay to back the second fav both at same time??

Or can this get messy?

Thanks

[mugsgame]

If you are that confident why not increase the money on the fav?

There are lots of ways to do it. I am not clever enough to trade more than 1 horse at a time. If it goes wrong it's double pain. In my videos I am making unrehearsed real time observations of my opinions. Listen, I by no means get it right everytime. Sometimes I get lucky

[mindiawl]

There you go , nice one Mr novice practice mode £10 stakes here never thought of just doubling up = same results.

Brilliant thanks.

Ill try and not ask any more questions but I apologise now in advance if I do.

Tanks again so much for the advice.

Meurig

[mugsgame]

I don't mind questions