This is from Aplomb earlier today, 5 mins out from post time. Answer the question!
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For those who believe in charts - can you tell where this is going?
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- wearthefoxhat
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My bot triggered a BACK trade on that one @ 5 mins before the off.arbitrage16 wrote: ↑Mon Oct 15, 2018 2:43 pmThis is from Aplomb earlier today, 5 mins out from post time. Answer the question!
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Race was delayed by 5 minutes so not sure if that was a good thing or a bad thing, but the big move was a later driftwearthefoxhat wrote: ↑Mon Oct 15, 2018 4:28 pmMy bot triggered a BACK trade on that one @ 5 mins before the off.arbitrage16 wrote: ↑Mon Oct 15, 2018 2:43 pmThis is from Aplomb earlier today, 5 mins out from post time. Answer the question!
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- ruthlessimon
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Oh I remember that race, yeah a bit of a nightmare (I think there were 4 other runners at 6.0 ) - although I generally struggle when the fav drifts!
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Ah, Simon, been meaning to refer you to PW's latest YT video, where he says that the number one thing one must have right for trading success is the mindset...ruthlessimon wrote: ↑Mon Oct 15, 2018 4:51 pmOh I remember that race, yeah a bit of a nightmare (I think there were 4 other runners at 6.0 ) - although I generally struggle when the fav drifts!
https://www.youtube.com/watch?v=NvOf8P98n_Q&t=20s
- wearthefoxhat
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Probably all the profit taking before it went In-Play.arbitrage16 wrote: ↑Mon Oct 15, 2018 4:31 pmRace was delayed by 5 minutes so not sure if that was a good thing or a bad thing, but the big move was a later driftwearthefoxhat wrote: ↑Mon Oct 15, 2018 4:28 pmMy bot triggered a BACK trade on that one @ 5 mins before the off.arbitrage16 wrote: ↑Mon Oct 15, 2018 2:43 pmThis is from Aplomb earlier today, 5 mins out from post time. Answer the question!
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Initially I got the move right but bottled out for a loss, as soon as I did that it drifted, if I had delayed closing out for a millisecond it would’ve been profit.arbitrage16 wrote: ↑Mon Oct 15, 2018 2:43 pmThis is from Aplomb earlier today, 5 mins out from post time. Answer the question!
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I take more notice of what’s happening on the ladders rather than the graphs, the graphs only give me general information.
- ruthlessimon
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Yeah I thought that was a brilliant vid.arbitrage16 wrote: ↑Mon Oct 15, 2018 5:07 pmAh, Simon, been meaning to refer you to PW's latest YT video, where he says that the number one thing one must have right for trading success is the mindset...
Although if I knew (like a hereditary lord ), I'd permanently have an edge with a 67% strike-rate - I'd never worry about the losers, even if I'm on a 100 trade losing streak!
The key for me is knowing how to detect when that 67% changes; or being able to anticipate how an edge will degrade (something I know little about atm). Perhaps I shouldn't even be worrying about this stuff!! I just wanna be trading for a long time
People who "believe in charts" believe that the information is useful in conjunction with other information - nobody actually believes you can tell which way the market will go just by looking at a chart!arbitrage16 wrote: ↑Mon Oct 15, 2018 2:43 pmThis is from Aplomb earlier today, 5 mins out from post time. Answer the question!
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FWIW, I wouldn't have enough information to read what is going on in that graph as I'd need the others as well. But it does look like it's in a natural range of 2.50-3.00 but the current price activity looks like it's heading for a breakout. But without seeing other information I wouldn't precisely know. You can make some general assumptions but when you turn to the ladder you will start 'feel' what the market want's to do.
This is the bit that I like: "If I worry about every single tick increment that's going on, I'll have a heart attack within a couple of weeks".arbitrage16 wrote: ↑Mon Oct 15, 2018 5:07 pmAh, Simon, been meaning to refer you to PW's latest YT video, where he says that the number one thing one must have right for trading success is the mindset...ruthlessimon wrote: ↑Mon Oct 15, 2018 4:51 pmOh I remember that race, yeah a bit of a nightmare (I think there were 4 other runners at 6.0 ) - although I generally struggle when the fav drifts!
https://www.youtube.com/watch?v=NvOf8P98n_Q&t=20s
We've all been there when a trade goes against you - feeling the pain with each tick.