Naked Chart Based Trading PRM style "LESS IS MORE"

Discussion in 'Journals' started by JSSPMK, Dec 5, 2016.

  1. JSSPMK

    JSSPMK

    Stop to entry
     
    #61     Dec 22, 2016
  2. JSSPMK

    JSSPMK

    BOOOOOMMMMM x3.5 r/r

    [​IMG]
     
    #62     Dec 22, 2016
  3. JSSPMK

    JSSPMK

    Over 5/1 PRM? OH YES!

    [​IMG]
     
    Last edited: Dec 22, 2016
    #63     Dec 22, 2016
  4. JSSPMK

    JSSPMK

    x3

    [​IMG]
     
    #64     Dec 23, 2016
  5. JSSPMK

    JSSPMK

    [​IMG]
     
    #65     Dec 23, 2016
  6. JSSPMK

    JSSPMK

    Busted
     
    #66     Dec 23, 2016
  7. JSSPMK

    JSSPMK

    [​IMG]
     
    #67     Dec 23, 2016
  8. JSSPMK

    JSSPMK

    Target not met, guaranteed stop placed, holding.
     
    #68     Dec 23, 2016
  9. JSSPMK

    JSSPMK

    That was such a value offer from a bookmaker when Milan conceded a goal, odds jumped from 5/1 to 16/1 for Milan to win. Let's not forget that this was the Italia Cup final and those two teams were both very worthy contenders. As I wrote earlier even though Juventus is the team I support I would never bet on them to win as a single bet unless there was value available. What is value in sports or business? IMO it's whenever something is heavily discounted, yet still has value. In today's case it was all about Milan, bookmakers had Juventus as a favourite and when Milan conceded 1 goal odds jumped to 16/1 and over as game progressed. That was a value play and I immediately took the bait. The 90 minutes finished in a draw, so I lost the bet, yet Milan won the cup by penalties.

    What is the point of the above? The point is that IF I was to win that would have been at great odds of 15/1, whenever you risk 1 to make 15 and it's a 'level playing field' to me this is a great proposition. This is the backbone of this thread, which I believe is closely correlated with Buy1Sell2's PRM thread - always risk less than what the potential gain is. I hope this helps.

    P.S. No charge for sharing, somehow I have already been accused of being a "stealth vendor" by a person who actually does sell a product (something about nothing old works against the machines)? ;)



    Screen Shot 2016-12-24 at 01.09.58.png

    Screen Shot 2016-12-24 at 01.12.11.png
     
    #69     Dec 23, 2016
    victorycountry likes this.
  10. JSSPMK

    JSSPMK

    Good bit of info, common sense really, on why charts will always trump over opinions.

     
    #70     Dec 23, 2016