Tips for 5 min betting ?

This is a discussion on Tips for 5 min betting ? within the Fixed Odds & Binary Betting forums, part of the Markets category; Originally Posted by nine I've gotta say I'm with fxscalper on this one split. The sub 1 hour world is ...

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Old Apr 23, 2008, 11:17am   #11
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Originally Posted by nine View Post
I've gotta say I'm with fxscalper on this one split.

The sub 1 hour world is not random. It is noisy. It is manipulable. And the longer moves perceived in this world are created by something at a larger level.

But who cares.

The trick is that to achieve the things you describe the "big boys" are obliged to follow patterns that repeat. So you study. And you build an understanding. And you figure out how some days are different to others and if there is a way of taking advantage of this.

Then you sit quietly, like a wild cat, and when the market sets up you watch for the "big boys" to do their thing. And you jump, and hang on, and feed from their actions even though you're too small to do it yourself. Too small for them to even notice you. You're not at the mercy of the "next big trade" - it's effects and the actions needed to fill it are your bread and butter.

My world is sub-5 minute but I still only take 3 trades per day from each contract I trade; I wait a lot. The sub-hour world can be a lot of fun and very profitable.

But you do need good execution with timely information, no extra distortions, and the minimum cost. Which eliminates the spreadbetting companies.
Noise, whichever way you look at it, is randomness. I trade 5' TF, too, but I have an idea on which way the trend is on the longer timeframe and I accept the fact that that 5' is unpredictable. I just keep my stops close, but manual. Which means no leaving the computer! This morning, for instance, I am a short trader.

I like your use of metaphores. Some wildcat, I would make

No comment on spreadbetting----

Split
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Old Apr 23, 2008, 2:26pm   #12
 
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No its not random. I am being pedantic in rejecting the word. The reason I take this view is that it looks random when you don't understand it or are misperceiving it on the day but it is is not random.

It's purposive movement to a price point or region (and thus not random). It's noisy, I think, because it needs to be: there is more opportunity to fill in the jitter, those who don't see what's happening take the wrong side, the noise disguises the actual signal.
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Old Apr 23, 2008, 3:43pm   #13
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Wow, I remember I did 1 minute trades made 2k in one day from a basic £100 but from then on I never did as well, TBH I was seeing how quickly you could sum up the markets when you knew a rise was coming you would long then quickly run a short and back to a long rather fun. Stop loss's where no greater than 20 pips.
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Old May 20, 2008, 9:27am   #14
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Any Tips for 5 mintues betting ( choice odds ) ?
try betonmarkets.com, go for the flash up/down bets. you can choose between 1 to 5 min
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Old Jul 16, 2008, 5:33pm   #15
 
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It's perfectly possible to trade 5 minute binaries, I have a 4:1 win/loss ratio and have been effectively thrown off both Choice Odds and Ladbrooks, they start taking ages to accept the trades. Now Trading IG 20 minutes and waiting to see if the same happens?
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Old Jul 19, 2008, 1:38pm   #16
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Question choiceodds

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It's perfectly possible to trade 5 minute binaries, I have a 4:1 win/loss ratio and have been effectively thrown off both Choice Odds and Ladbrooks, they start taking ages to accept the trades. Now Trading IG 20 minutes and waiting to see if the same happens?
Yes choiceodds will not let me close out at a profit ,happens lots ,am not going to trade with them anymore, anyone got good site recommendation for binary?:i
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Old Jul 19, 2008, 7:18pm   #17
 
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IG Index / binarybet.com. I trust IG with my real money. I only had problems with their old Java system.

If you are interested in signing up, can I have your name/email so I can get a free book for recommending them?
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Old Jul 19, 2008, 7:27pm   #18
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IG Index / binarybet.com. I trust IG with my real money. I only had problems with their old Java system.

If you are interested in signing up, can I have your name/email so I can get a free book for recommending them?
Hi , i have a delayed streaming prices at extrabet and this make trading problems for me , any advice ?
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Old Jul 19, 2008, 7:56pm   #19
 
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Depends on what you bet on. If Forex, sign up to oanda.com (game account). That might be better.
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Old Jul 19, 2008, 8:37pm   #20
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Depends on what you bet on. If Forex, sign up to oanda.com (game account). That might be better.
no no i have access to live prices but i mean their prices ( odds ) are delayed few seconds on my browser which make trading difficult sometimes at fast market moves . my computer fast and new and i use vista with IE 7 . i hope i can solve this problem .
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