New Trading Videos on Youtube
Personally I don't make much use of the advanced charting, certainly not candlesticks etc. The whole technical analysis thing isn't really my game and I'm not sure how much can be applied to the racing markets. Certainly knowing resistance points is useful and looking for breakouts makes sense. But personally I can't see the point of say looking for 'head and shoulders' patterns in the racing markets, as the way the volume arrives makes them so different from financial markets. I'm not saying these things definately are not useful, just that I'm not using them to any great effect. I think that to get the most out of the advanced charting you probably need to find your own unique custom set ups and your own unique strategies to go with them. Something I will definately be doing in the future is creating my own graphs in excel and viewing them live on another screen, the betfair graphs timing is very inaccurate, so viewing things differently could certainly give an edge and let you see things in a different way.to75ne wrote:very sorry the first two are very recent, how stupid of me. all the same, do you have real use for the advanced charts? cheers.
I remember on one of Peter's blogs a while ago he mentioned that someone had made a ladder upside down to give a different view of things. To me this makes a great deal of sense - as humans living in a world governed by the laws of gravity we always expect things to go downwards. Often when I'm trading I am half waiting for the price to steam in as if it is the natural thing to do. Sometimes when it starts moving up the ladder I look at it as if there is something wrong with it and that it is somehow defying the laws of nature!
Anyway I've uploaded a couple more videos to my youtube page
Personally I don't make much use of the advanced charting, certainly not candlesticks etc.hgodden wrote:to75ne wrote:very sorry the first two are very recent, how stupid of me. all the same, do you have real use for the advanced charts? cheers.
sorry the above is a mistake. i have not got used to QUOTE thing, not very good at this.to75ne wrote:Personally I don't make much use of the advanced charting, certainly not candlesticks etc.hgodden wrote:to75ne wrote:very sorry the first two are very recent, how stupid of me. all the same, do you have real use for the advanced charts? cheers.
hgodden thanks for the reply. i agree with you on the
candle sticks etc and likewise i do not dismiss tech analysis.
when time permits i intend to look more into a "better" last traded price graph,using excel.
your vids are very good. i think that mr webb should stick em on betangel tv especially wed3 one. i think it will be very helpful to less experienced people who may be intimidated by very stable markets with large sums on boths sides. all your vids demonstrate scratch trades very well, no panic, no hesitation, straight out. no nonsense.
regards tony
Thanks Tony, personally its the jumpy, volatile markets that scare me, certainly not the static ones! Funny how we're all different. The rest of the vids are uploaded now, shame youtube takes so long to process them or I'd stick some more up today