Irish cold trading

[plasteredric]

I've seen people say that Irish racing can be a minefield to trade.
Is there any truth in this?

[Emmson]

Dallas a few years ago

"Irish racing is a lot less liquid (not as much money) than uk racing, with less money comes big gaps between the prices which leads to wilder movements in price, if your going to trade it has to be approached differently to UK racing."

viewtopic.php?f=5&t=7400&p=140849&hilit ... ng#p140849

[beermonsterman]

I've seen people say that Irish racing can be a minefield to trade.
Is there any truth in this?

That last race at Dundalk would be living proof of what you said here that was a trading range of around 15 or more ticks in big swings you can get caught out pretty badly if your not used to them kind of markets

[plasteredric]

I've seen people say that Irish racing can be a minefield to trade.
Is there any truth in this?

That last race at Dundalk would be living proof of what you said here that was a trading range of around 15 or more ticks in big swings you can get caught out pretty badly if your not used to them kind of markets

Yeah, I was watching the market, luckily I hadn't placed any trades. Seemed to be plenty of liquidity though.

I traded on one of the earlier races and the price just shot off in the opposite direction to what I was expecting.
I'm thinking I might just avoid trading any of the Irish stuff for a while until i've watched a lot more markets play out, see if I can get a handle on it.

[beermonsterman]

I wouldn't say dont trade them you can do pretty well from them big swings
I do recommend trading them either using very very low stakes or practice mode
markets like that can only improve your market reading skills
My advice is this but only advice I'm not pro so could be giving poor advice without knowing
What I do is look at the trend line from around 10 mins out then 5 mins before and 3 mins before post if the trend line is still heading in the right direction say steam trend I wait until the market reaches the top of its trading range and usually you will get a breakout and will travel further than expected with nothing happening trackside like horse playing up etc I will then jump in when I think the move has topped out and ride it to the bottom then back up just be patient you will see the pattern emerge eventually if you sit their and do nothing but watch you will get good experience of ladders
I believe screen time in front of the ladders is probably the best form of learning the skill of trading everything else adds strength to a predicted move but screen time is very valuable

[plasteredric]

Cheers, I appreciate the advice.
Seems that getting as much screen time as possible is the best way to improve.

[Trader Pat]

Beer is spot on.

Sometimes people can't see the woods for the trees because they do everything but watch the ladder enough.

[beermonsterman]

Cheers, I appreciate the advice.
Seems that getting as much screen time as possible is the best way to improve.

When you have seen plenty of ladders over time different markets liquidity time of day etc etc you develop a feel for it .

[alexmr2]

Probably the main thing is to lower your stakes because the swings are usually much bigger. Personally I find scaling out extra useful in these markets