The way I trade on the Betfair betting exchange can seem very confusing to people looking in from the outside, but it’s incredibly effective.
In 2017 I traded all 52 weeks and didn’t have a losing week, yet I could only post a result after it happened.
Why is this? What do I do and why is it so effective?
Part of the way I profit is by trading using advanced software like Bet Angel, but the underlying reason is a lot simpler. Cold trading or trading order flow is a very effective way of profiting by trading on Betfair.
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it would be interesting to know what it was about those markets that prevented someone with your experience not having nan opinion
Please talk less and show more in practical- can learn better if you show it in the market
Peter, you keep telling people that they need to put in the thought and effort and not expect A,B ,C with 25% @ 3 mins and cover with X strategies but now you've let it slip. Horses in blue and yellow on left handers on Thursdays. I'm rich. I wish you'd told me ten years ago.
What is your ROI% for your entire trading career Peter?
23 People can't trade 🤣😂🤣😂
Lots of talk but never gets to the point.
Peter, you have stated in many videos that one strategy can't be applied to all markets and and conditions and that traders need to be selective with their strategies.You talk about generic results
Would not trading order flow be the best strategy to apply to ALL markets for both inexperienced and seasoned traders alike? If not, why not?
Ahhh. That explains to me why the number of runners can make so much difference to the market in terms of price volatility. I think I'm starting to become a good trader. My head is really in the facts and figures now. Been working on strategies for 2 years, thinking about it. 🙂
My best advice is stick with it and give it one's all. WIthout risking ones shirt. Never think to practise with smaller amounts is a waste of time.
K
Great video hope i get to sell of the wife and kids lol
LOL @ Toaster
Isnt this essentially just following what everybody else is doing in the market or is there more to it than that?
Thank you, very informative.
16 minutes summary
Order flow works effectively according to PW
No other nuggets & still dubious about these 'traders'/marketers
Hi Peter, I recently watched this video and found it very interesting, I feel you might want to look at a more detailed narrative highlighting how order flow works in particularly with regards to the racing markets. I guess understanding when the real money hits the market is critical to this type of methodology. I think should you demonstrate how this works and how you identify when REAL backing activity is seen and how to trade that flow would be very insightful.
People are generally looking for a black and white answer but in reality they only need to just need to be able to understand when that flow can be relied upon rather than a little bit of early money or people taking out the weak prices either side of the ladder only for the real money to hit and the true colours of the market can be seen.
Best Stuart
I am just reading "Trading in the Zone" and to sum it up in one sentence. When you enter a trade accept any thing can happen, if you are not prepared to accept this uncertainty you will struggle. The whole book in my opinion is a brilliant read, l would recommend it to anyone trying sports trading.
I don't know how he got all the winners as all bookmakers manipulate the market to their own advantage.so he has some other way that he isn't saying.
You still haven't explained what order flow is…
If there's only 14k or 40k or whatever traded in a market, what are you basing your opinion of what the markets going to do on? I don't understand, prices are erratic, sometimes the favourite will be supported sometimes it will drift, what are you basing your ideas on… it can't be order flow when there's very little money in the market so far
Please can you tell me what you are looking for in the cards that tells you that this is a race you woud be interested in trading (or not interested in)? Thank you.
One of the best video's I've seen PW put together. Been using order flow for a few years now. For me the core elements are:
Preparation (what races do I want to trade if my core criteria is met).
Execution (only trade the facts, trade what I see not what I think).
Volume (where the opportunity arises open and close as many trades as possible)
Successful order flow trading is undoubtedly a skill, but over time and with practice it can be learnt