Market movers - a little guidance.
- RoystonVasey
- Posts: 10
- Joined: Tue Mar 13, 2018 8:33 pm
Newbie here mate, read this forum daily. Great to see some new pearls of wisdom on here thanks. Am going to try the refresh rate change tomorrow.
Relative newbie here! I’ve been in the business all my working life (bookie). I definitely buried my head in the sand when it comes to Betfair, as I believed it was taking food from MY table. That being said I’ve been trying to master this trading game for the last 18months or so.
A handful of you guys do post snippets of helpful info, so thanks for that.
I’ve read several of J GREENS posts and find them most informative and helpful, so an even bigger thanks to you.
Cheers
A handful of you guys do post snippets of helpful info, so thanks for that.
I’ve read several of J GREENS posts and find them most informative and helpful, so an even bigger thanks to you.
Cheers
- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
Kind words and very much appreciated. I am glad I could offer some form of help.Trebleit wrote: ↑Tue Jul 10, 2018 11:13 amRelative newbie here! I’ve been in the business all my working life (bookie). I definitely buried my head in the sand when it comes to Betfair, as I believed it was taking food from MY table. That being said I’ve been trying to master this trading game for the last 18months or so.
A handful of you guys do post snippets of helpful info, so thanks for that.
I’ve read several of J GREENS posts and find them most informative and helpful, so an even bigger thanks to you.
Cheers
- BetScalper
- Posts: 1139
- Joined: Sun Jul 02, 2017 10:47 pm
Hi JG,
Thanks for the snippet about refresh rates.
Thanks for the snippet about refresh rates.
- RoystonVasey
- Posts: 10
- Joined: Tue Mar 13, 2018 8:33 pm
Love your posts jolly green, you tell it like it is!
Using the 500ms refresh today I liked it, seemed to stop the markets looking so chaotic with a couple of mins to go. Smooths things out a bit.
Using the 500ms refresh today I liked it, seemed to stop the markets looking so chaotic with a couple of mins to go. Smooths things out a bit.
- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
Thanks for taking the time to reply, I appreciate that.RoystonVasey wrote: ↑Wed Jul 11, 2018 12:20 amLove your posts jolly green, you tell it like it is!
Using the 500ms refresh today I liked it, seemed to stop the markets looking so chaotic with a couple of mins to go. Smooths things out a bit.
Now try 1 second refresh and see if you notice another difference. What it teaches you is the market is not going to disappear over the horizon in 0.5-1.0 second. It allows you time to relax and read the market without the chaos. As you feel more comfortable, you can change the refresh and find a level to suit your style and skill. I can't use 20ms after 17 years of trading, it must be like being on drugs! I have never been on drugs I hasten to add
- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
You're welcome, thank you for commenting.
Very good to see your jolly green man back on the forum Jolly Green! I hope that means your health has improved? Your classic tip about watching WOM & seeing something so that you can react before it happens..from years ago...well...i've looked....& looked....& looked...but to no avail.!! Perhaps i'm just too stupid! But any further advice on that one??
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- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I'd guess x-matching has pretty much rendered WOM useless these days, the way it calculates odds/stakes always means it's always going to create the most money on the favourites. The API does have an option to turn it on and off and if you want to use WOM it'd probably be wise to turn that option off if BA allows it. But turning the displayed x-match odds/stakes off doesn't stop it operating in the background and it'll still continue to rob Peter to pay Paul rather than affect one runner only.Black Ice wrote: ↑Wed Jul 11, 2018 11:19 amVery good to see your jolly green man back on the forum Jolly Green! I hope that means your health has improved? Your classic tip about watching WOM & seeing something so that you can react before it happens..from years ago...well...i've looked....& looked....& looked...but to no avail.!! Perhaps i'm just too stupid! But any further advice on that one??
- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
Rude health my friend, better now than I have ever beenBlack Ice wrote: ↑Wed Jul 11, 2018 11:19 amVery good to see your jolly green man back on the forum Jolly Green! I hope that means your health has improved? Your classic tip about watching WOM & seeing something so that you can react before it happens..from years ago...well...i've looked....& looked....& looked...but to no avail.!! Perhaps i'm just too stupid! But any further advice on that one??
I’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
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- Posts: 686
- Joined: Wed Apr 15, 2009 5:29 pm
There's a lot to be said for having a simple idea, and sticking to it (if it works). Things that stand you in good stead - knowing what works and why, having it simple enough to follow time after time, and you have the right mentality when it comes to winning AND losing. That last bit will put you ahead of the majority, obviously it's meaningless without the first parts...Trebleit wrote: ↑Sat Jul 14, 2018 8:59 amI’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
Regarding strategy, a simple idea, based on something very few other people have considered is sometimes the most powerful.
Possible things that might give you a head wind - the set up is similar to a lot of other people that are trading, discretionary trading based on eyesight and experience alone can be hard to reconcile (esp during bad patches) - it's easy to start questioning yourself, changing what you're doing and so on without a lot of notes, recordings of what happened / data that help you analyse the decisions you made. The feedback part of the process is really important, so it's worth probably making some attempt to record in some way what went on... you may not know what to do with that right now, but think of it as insurance...
Best of luck, put as many things as possible in your favour on each trade, and beat it over the head with consistency.
I think one of the issues learners have is that they look at the videos that Peter has produced on YouTube & get confused how he manages to successfully "predict" where the price is going on various types of markets.Trebleit wrote: ↑Sat Jul 14, 2018 8:59 amI’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
Cheers
He uses charts, so do I, but he is more experienced at reading charts than me, he has I believe nearly 18 years experience of reading charts, me?, less than 2 years (after the 1st two years of my 4 years experience being playing about with the ladders).
For me the charts tell the story where it matters.. the here & now, yes the ladders & BF Charts are useful with regards telling the story of it's past but you're not looking trading the past, your looking to solve the future & for me the Advanced Charting along with ALL features of the Market Overview Chart are paramount, but on some markets not all..now THERE's a puzzle.. but can be answered (I think) on one particular video Peter has done.
I think Peter is a very clever person with his pre race trading videos.. extremely clever, he basically gives everything away in my opinion but not in the way you would expect, I think one needs to pick every video he produces to pieces with the finest of fine tooth combs to extract some very valuable information.
My issues are with concentration, like last night things were going well & for one inexplicable reason I got involved in an Irish market with reading the charts, I guessed the move - for me that is a very stupid thing to do, no real harm done but mad at myself for not sticking to my rules.
Start with trying to master one particular type of move, use & modify the charts to your liking, this is my set up..
Took me ages to get a set up that I am happy with and I suggest you do the same with your set up, I'm still learning and will probably change the set up again if & when I find something that makes things better, one needs to constantly evolve.
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- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
Well you have pretty much described my setup so in my humble opinion you are doing just fine!Trebleit wrote: ↑Sat Jul 14, 2018 8:59 amI’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
Whenever the topic of trader's system setup is mentioned I immediately chuckle and think of this https://youtu.be/arCITMfxvEc