For some reason, in the early part of the video, my face is slightly elongated, sorry about that. That must have been an aspect ratio issue, but it did may be look thinner!
Amazing timing. Spent the last few weeks perfecting my own ‘ATR’ calculator for betangel. Average true range. To hopefully incorporate into automation. Getting there but not perfect yet.
Hi Peter. Would love to see a video from you explaining, or at least trying to explain what you think is happening at 2 minutes from the off in horse racing in the UK. It happens nearly every race at axactly 2 minutes to go until post time. The markets are extremely volatile here and I think understanding this a bit would be extremely helpful to novice traders like myself.
There is a thread on the forum about this where we are all discussing this moment in the market. Basically if I'm not in at this point I may trade it. But if I have an open trade, I'm out at that point.
I have been watching your vids Pete from day one of my trading and your still as cryptic as ever. Fortunately I now can decipher what you mean. Keep the vids coming Pete. Just out of interest what size are your screens?
1920*1080 I'm not cryptic on purpose. Trading is ambigous by nature so that tends to come across in videos. There is really no black and white with trading.
Good stuff as always .Couple of questions. How much traded money would you use to top and tail the range in a horse market and at what time to the off ? Can you do a video specifically on trading the exact 2 minute to off time point and the 10 or so seconds before and after it as that is VERY volatile and impossible to read according to my own reasearch and analysis.
I have a few people request that, so I'll look to cover it at some point. The market overview chart measures the top and bottom with a £500 minimum mached amount. Honestly speaking, the more money the better, but there are key points when it's obvious which generally include a build up of money.
I have a question on the importance of correlation, when a price is moving in something is bound to move out, its one of the truths in the market. With that being said - what is the point of looking for a correlated move if you know the market has to adjust. My frame of thinking is, i'm 99% sure the sun will rise tomorrow, but I dont have to wake up on the hour to see it happen. if you are trading the favourite is it important if the 2nd rather than the 3rd for example adjusts?
Keep your eye out on a new feature we have this year that will answer a lot of those questions. Typically the favourite has more money matched on it than anything else. So it tends to lead the other runners.
Another video I could have done with 15 years ago 😂😂😂 It took me years to work out how to work out a market's volatility, let alone a method to utilise it.
Not really, but you can see this information on Guardian and seperate them out from there with a little work. I tend to use horseracebase.com to flick through the key data on races.
@@betangeltv thank you I will take a look at it, could you do a video on Cheltenham races pre off as it's unique to any other time of the year there is so much money the price hardly moves would be nice to see how you trade this pre off
Exactly. The assumption here that new traders may take from this is the final price is predetermined by what went before and ends up somewhere inbetween. As you point out that is irrelevant to some degree. A price coming from 5/1 through 4,3 and ending at 2/1 for example does not have a " range " imo.
I have covered this in other videos. It's impossible in ten minutes to cover every aspect here, so I'm talking in general terms and more specifcally how far you expect something to go. The chance of something going from 5/1 to 2/1 is pretty rare, but it obviously happens. But also, there is a key element in these markets that restricts the ability of anything to move beyond certain values.
@@betangeltvI agree in general and commented elsewhere of the helpful nature of this video , although my point stands in terms of newbies. A lot of professional traders rely on the naive thoughts of that cohort to constantly make the same mistakes so they can benefit. It's not rare at all to see big moves such as this. It happens every day - sometimes in 30 seconds or thereabouts - maybe not 5 - 2/1 but certainly in the 10/1 - 5/1 ranges. Countless times each day you see steamers and major drifts of this magnitude.
@@betangeltvi am not really sure what is being said here and probably would like some kind of opinions on these ranges and what do they mean and how they can be broken. And also what do you mean by one key element which can not make a price go further ?
Another piece of Gold dust. After 10 years of trading you still learn something everyday. Just wish I had know all those years ago. Is there no end to your knowledge Peter? Any more gold dust please deposit it here please and soon my time is running out!
For some reason, in the early part of the video, my face is slightly elongated, sorry about that. That must have been an aspect ratio issue, but it did may be look thinner!
😅
0:14
high quality competitive handicaps with favs at odds above 2.0 or below /the further away from mid market the lower the risk . 😃👍
I learn so much from your Videos Peter, you make me think , I will be sleeping tonight with the number 2 on my mind
Amazing timing. Spent the last few weeks perfecting my own ‘ATR’ calculator for betangel. Average true range. To hopefully incorporate into automation. Getting there but not perfect yet.
Thank you for sharing your progress with me. Keep pushing forward, you're doing great!
Great video extremely important to know what race type your trading and not just jump to the next race
Thank you for watching and for emphasising the importance of understanding the race types!
Hi Peter. Would love to see a video from you explaining, or at least trying to explain what you think is happening at 2 minutes from the off in horse racing in the UK. It happens nearly every race at axactly 2 minutes to go until post time. The markets are extremely volatile here and I think understanding this a bit would be extremely helpful to novice traders like myself.
There is a thread on the forum about this where we are all discussing this moment in the market. Basically if I'm not in at this point I may trade it. But if I have an open trade, I'm out at that point.
Fantastic and informative video as usual Peter, Many thanks for all of the work you do to help our trading. I really appreciate all your content.
Thank you so much for your kind words! I'm glad you found the video helpful.
I have been watching your vids Pete from day one of my trading and your still as cryptic as ever. Fortunately I now can decipher what you mean. Keep the vids coming Pete. Just out of interest what size are your screens?
1920*1080
I'm not cryptic on purpose. Trading is ambigous by nature so that tends to come across in videos. There is really no black and white with trading.
Good stuff as always .Couple of questions. How much traded money would you use to top and tail the range in a horse market and at what time to the off ? Can you do a video specifically on trading the exact 2 minute to off time point and the 10 or so seconds before and after it as that is VERY volatile and impossible to read according to my own reasearch and analysis.
I have a few people request that, so I'll look to cover it at some point.
The market overview chart measures the top and bottom with a £500 minimum mached amount. Honestly speaking, the more money the better, but there are key points when it's obvious which generally include a build up of money.
I have a question on the importance of correlation, when a price is moving in something is bound to move out, its one of the truths in the market. With that being said - what is the point of looking for a correlated move if you know the market has to adjust. My frame of thinking is, i'm 99% sure the sun will rise tomorrow, but I dont have to wake up on the hour to see it happen. if you are trading the favourite is it important if the 2nd rather than the 3rd for example adjusts?
Keep your eye out on a new feature we have this year that will answer a lot of those questions.
Typically the favourite has more money matched on it than anything else. So it tends to lead the other runners.
Another video I could have done with 15 years ago 😂😂😂 It took me years to work out how to work out a market's volatility, let alone a method to utilise it.
Better late than never, right?
😂😂😂 indeed@@betangeltv
Is there a site which quickly sorts out the novice and handicap racing for the day?
Not really, but you can see this information on Guardian and seperate them out from there with a little work. I tend to use horseracebase.com to flick through the key data on races.
@@betangeltv thank you I will take a look at it, could you do a video on Cheltenham races pre off as it's unique to any other time of the year there is so much money the price hardly moves would be nice to see how you trade this pre off
Just because a range has a bottom and a top, doesn’t mean they can’t be broken. Be careful.
Exactly. The assumption here that new traders may take from this is the final price is predetermined by what went before and ends up somewhere inbetween. As you point out that is irrelevant to some degree. A price coming from 5/1 through 4,3 and ending at 2/1 for example does not have a " range " imo.
I have covered this in other videos. It's impossible in ten minutes to cover every aspect here, so I'm talking in general terms and more specifcally how far you expect something to go. The chance of something going from 5/1 to 2/1 is pretty rare, but it obviously happens.
But also, there is a key element in these markets that restricts the ability of anything to move beyond certain values.
@@betangeltvI agree in general and commented elsewhere of the helpful nature of this video , although my point stands in terms of newbies. A lot of professional traders rely on the naive thoughts of that cohort to constantly make the same mistakes so they can benefit. It's not rare at all to see big moves such as this. It happens every day - sometimes in 30 seconds or thereabouts - maybe not 5 - 2/1 but certainly in the 10/1 - 5/1 ranges. Countless times each day you see steamers and major drifts of this magnitude.
@@betangeltvi am not really sure what is being said here and probably would like some kind of opinions on these ranges and what do they mean and how they can be broken. And also what do you mean by one key element which can not make a price go further ?
Another piece of Gold dust. After 10 years of trading you still learn something everyday. Just wish I had know all those years ago. Is there no end to your knowledge Peter? Any more gold dust please deposit it here please and soon my time is running out!
Thank you for your kind words! I'm always happy to share what I know.