The liquidity seems to have fallen off a cliff, the POC tax can't have had a positive effect
Australian racing
Hopefully the card isn't lost to the wet weather.
You are unlikely to make a session in the first bit but you can sure well lose it so a steady start is a good approach to take to get you in the right mindset after last week.
BFLV has Caulfield for those interested.
I have spent at least 2.5 years being perplexed by these type of statements..kinda like when,at school or Uni, you went into what thought was a history exam and the chap next to you pulls out his protractor
I obviously still have a loong way to go to be able to read markets
Have a look at the chart Derek posted a bit ago. You will see the price trades in a very tight range, therefore it is matching people on the back and lay side. There is no swing to be seen, so the approach to take is to look for scalps.mcgoo wrote: ↑Sat Jun 29, 2019 3:26 amI have spent at least 2.5 years being perplexed by these type of statements..kinda like when,at school or Uni, you went into what thought was a history exam and the chap next to you pulls out his protractor
I obviously still have a loong way to go to be able to read markets
Recently the prices have been moving about a lot more where as today they are remaining stable and when moving they are moving slowly.
HTH
Last edited by PDC on Sat Jun 29, 2019 3:44 am, edited 3 times in total.
Thanks for that. I generally pick what looks like a scalpy market but I have been burnt so often by fast directional changes that keep going and never come back...so if it goes against me by 2 ticks or so I am out before the damage is too great. I have trouble thinking in probabilities so I just work on my discipline which I historically have been good at in life.. I decided to avoid scalping as the downside outweighs the upside by some distance for me. Perhaps one day I will get it but for the moment it remains the blackest art of the trading strategies to try for me (that said after reading you post I scalped one tick at Rosehill- -baby steps )PDC wrote: ↑Sat Jun 29, 2019 3:33 amHave a look at the chart Derek posted a bit ago. You will see the price trades in a very tight range, therefore it is matching people on the back and lay side. There is no swing to be seen, so the approach to take is to look for scalps.mcgoo wrote: ↑Sat Jun 29, 2019 3:26 amI have spent at least 2.5 years being perplexed by these type of statements..kinda like when,at school or Uni, you went into what thought was a history exam and the chap next to you pulls out his protractor
I obviously still have a loong way to go to be able to read markets
Recently the prices have been moving about a lot more where as today they are remaining stable and when moving they are moving slowly.
HTH
Thanks again-appreciated
Just caught my cat walking on my seedbed!
Rosehill R3 was another decent scalping market.mcgoo wrote: ↑Sat Jun 29, 2019 3:43 amThanks for that. I generally pick what looks like a scalpy market but I have been burnt so often by fast directional changes that keep going and never come back...so if it goes against me by 2 ticks or so I am out before the damage is too great. I have trouble thinking in probabilities so I just work on my discipline which I historically have been good at in life.. I decided to avoid scalping as the downside outweighs the upside by some distance for me. Perhaps one day I will get it but for the moment it remains the blackest art of the trading strategies to try for me (that said after reading you post I scalped one tick at Rosehill- -baby steps )
Thanks again-appreciated
What approach would you have taken to that market other than scalping? The price was barely moving so not sure what else you could have done?
You say the downside outweighs the upside for you but surely by not touching them you are missing out on returns, you need to learn how to scalp markets better and you should know by now from this thread that Rosehill and Randwick are some of the best scalping markets you will find. So there is no better place to try it.
Try it in the next at Rosehill...You don't need to use large stakes, just use what you are comfortable with, it isn't about what you win at this stage other than the number of ticks. The money is irrelevant. Pop a lay in and your back and see how fast each side is being matched and you will then be able to judge how quickly you can add stakes to each side based on the fill rates.
Others like it but I tend to find Victorian tracks such as Flemington and Caulfield much harder to scalp as the prices move about much more than on NSW's main tracks. They just seem to trade very differently in Victoria, why I have yet to figure out other than perhaps it is linked to the turnover charge.
Last edited by PDC on Sat Jun 29, 2019 4:27 am, edited 2 times in total.