General discussion : My Journey, day by day

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ShaunWhite
Posts: 2896
Joined: Sat Sep 03, 2016 3:42 am

Wed Feb 28, 2018 5:06 pm

Original-Soultrader wrote:
Wed Feb 28, 2018 3:01 pm
1) is it more effective to lay when at an xover regardless of the prior direction?
The tick size changes on crossovers. If you're backing first, a one tick loss is double(ish) a one tick win. No such issue around traditional odds points that aren't also crossovers, these are equally interesting.

That's another way these markets differ, not all ticks are equal. These sports markets are much more interesting and complex than vanilla financials. ;)

Original-Soultrader
Posts: 67
Joined: Mon Mar 27, 2017 12:19 am

Wed Feb 28, 2018 5:11 pm

ShaunWhite wrote:
Wed Feb 28, 2018 5:06 pm
Original-Soultrader wrote:
Wed Feb 28, 2018 3:01 pm
1) is it more effective to lay when at an xover regardless of the prior direction?
The tick size changes on crossovers. If you're backing first, a one tick loss is double(ish) a one tick win. No such issue around traditional odds points that aren't also crossovers, these are equally interesting.

That's another way these markets differ, not all ticks are equal. These sports markets are much more interesting and complex than vanilla financials. ;)
I understand the xovers Shaun, I watched some vids from caan berry the other day where he was actively laying BECAUSE of the crossovers - but in his videos all the markets were heading down to 4's or 6's - what is the general advice when heading UP to them? is it still a predominantly lay oppotunity? or is this a silly question because you just don't know unless you are watching the ladder?

Maybe they are just good exit points when going up?

spreadbetting
Posts: 1433
Joined: Sun Jan 31, 2010 8:06 pm

Wed Feb 28, 2018 5:17 pm

My advice regarding crossover price points is to ignore any advice about crossover price points in horseracing. They may well have acted as resistance points in the past but in multi runner horseracing markets with x-matching in place they have no real value and won't affect the direction the money is flowing.

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ShaunWhite
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Joined: Sat Sep 03, 2016 3:42 am

Wed Feb 28, 2018 5:35 pm

Glad you are viewing the video. Essential at this time of year with so many delayed starts. You'll also notice bot activity is affected by the delays.

All part of why seasonality is an issue here too, 'sell in May and go away, don't come back till St. Ledger's day' used to be the city mantra in my day, but it's almost the exact opposite here.

As for that question about crossover exits etc, no simple answer I'm afraid but they are often significant support/resistance points but not like they used to be.

Good plan to try letting the profits run, in weak markets momentum is king. Not so relevant in races with exposed horses which can snap back to realistic value in a heartbeat.

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SeaHorseRacing
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Joined: Fri May 20, 2016 7:06 pm

Wed Feb 28, 2018 6:20 pm

spreadbetting wrote:
Wed Feb 28, 2018 5:17 pm
My advice regarding crossover price points is to ignore any advice about crossover price points in horseracing. They may well have acted as resistance points in the past but in multi runner horseracing markets with x-matching in place they have no real value and won't affect the direction the money is flowing.

All though I agree to some extent I have to oppose, I find some crossover points really strong, especially on a drifting horse. A drifting horse heading towards 6, a lot of the time it will resist there and reverse, I find the xover points very helpful in reading a market rather using the change in increments as an advantage.

Derek27
Posts: 1946
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wed Feb 28, 2018 8:38 pm

Crossover points are something I only think of when scalping - there's a disadvantage to backing at 4 for a one or two tick profit, but an advantage to laying.

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ShaunWhite
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Joined: Sat Sep 03, 2016 3:42 am

Wed Feb 28, 2018 11:05 pm

Derek27 wrote:
Wed Feb 28, 2018 8:38 pm
there's a disadvantage to backing at 4 for a one or two tick profit, but an advantage to laying.
Isn't that exactly what I said earlier about the tick sizes?

Derek27
Posts: 1946
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Location: UK

Thu Mar 01, 2018 12:57 am

ShaunWhite wrote:
Wed Feb 28, 2018 11:05 pm
Derek27 wrote:
Wed Feb 28, 2018 8:38 pm
there's a disadvantage to backing at 4 for a one or two tick profit, but an advantage to laying.
Isn't that exactly what I said earlier about the tick sizes?
Yes, but it's not the first, and certainly not the last time comments will be repeated on this forum. ;)

spreadbetting
Posts: 1433
Joined: Sun Jan 31, 2010 8:06 pm

Thu Mar 01, 2018 11:41 am

So seahorse believes there's resistance at those price points but Derek wants to lay at those points, think I'll stick to my own view and go with the market flow rather than think price points dictate the direction.

elofan0
Posts: 44
Joined: Fri Jan 13, 2017 4:44 pm

Thu Mar 01, 2018 1:39 pm

i think the forex trading skills will see you well .. end of the day not many can predict a winner ..the trading indicators ie graphs do provide best guide as to were the money is going, no matter what horse , on my experience i know that the time lapse isnt real time ie split second delays .. were the refresh rate may slightly hesitate from the server.. we only work with what we are given the servers can hold things up not saying on purpose but due to high demands of information..
i have not seen any winning horse beat backing auto at 1.01 so long as lay price is 1.05 but return is poor ..
if it went pear shaped dont blame me as been ok when ive monitored it .. if we all knew what we were doing we wouldnt be here .. risk is the traders own choice of path ..i enjoy reading the forum ... so many talented people on here ..just wished id learned excel and more to be able to write my own weight of money indicators .
good luck with the venture into the racing trading world ...may your journey prove prosperous :)

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