POC and volume profile

[Lucacrebbe]

...I am saying that those help you to be profitable

When you have the POC, the VPOC and you know that at a given point the volume is decreasing, you know that you have to exit if you don't want a big hit... that' s it.

The question I was asking is, how do you know they would be helpful if you've never used them?

I've used a lot of charts, never found them useful and no longer bother with them.

(Shaun, he's got the money for the software, better get down to work ).

Because I trade also the stock market, and every market works the same if you look at same parameters. Markets are different, but if in an area there is no volume, there's no interest in that odd ok? It's not difficult to understand

Let's make an example:

I have backed an horse at 3 at a cross bearish MACD and the RSI is going above below 80... ok?

I am riding a nice downword movement now... well I am happy, I am in profit... the smile is on my face.

Ok but when to exit? When to exit at the most profitable point of wiev (for me)?

Here comes in the market overwiev... the MFI and VPOC

Taking the example above, if I' ll see the VPOC at 2,50 I'll know that this is an important area to look at, because is here where there is the most of movement, and I should care about this area because here is where somenthing' s gonna happen

So I'll have two choises:

--exit near to the VPOC

or

-- wait for the VPOC and see what it does. If the VPOC starts going up at another price/odd level, it's time to exit because it means that the market is reacting very quickly to somenthing

If the VPOC goes even lower, it's time to relax and keep on riding the downtrend

[Derek27]

...I am saying that those help you to be profitable

When you have the POC, the VPOC and you know that at a given point the volume is decreasing, you know that you have to exit if you don't want a big hit... that' s it.

The question I was asking is, how do you know they would be helpful if you've never used them?

I've used a lot of charts, never found them useful and no longer bother with them.

(Shaun, he's got the money for the software, better get down to work ).

Because I trade also the stock market, and every market works the same if you look at same parameters. Markets are different, but if in an area there is no volume, there's no interest in that odd ok? It's not difficult to understand

Let's make an example:

I have backed an horse at 3 at a cross bearish MACD and the RSI is going above below 80... ok?

I am riding a nice downword movement now... well I am happy, I am in profit... the smile is on my face.

Ok but when to exit? When to exit at the most profitable point of wiev (for me)?

Here comes in the market overwiev... the MFI and VPOC

Taking the example above, if I' ll see the VPOC at 2,50 I'll know that this is an important area to look at, because is here where there is the most of movement, and I should care about this area because here is where somenthing' s gonna happen

So I'll have two choises:

--exit near to the VPOC

or

-- wait for the VPOC and see what it does. If the VPOC starts going up at another price/odd level, it's time to exit because it means that the market is reacting very quickly to somenthing

If the VPOC goes even lower, it's time to relax and keep on riding the downtrend

That's right. Keep riding the down trend, make lots of money, and then WAKE UP - the dream's over and it's back to the Bet Angel forum looking for a way to make money.

Exchange markets are totally different to stock markets in that stock markets don't have overrounds and the stocks are not inter-connected. MACD was designed to work on longer term markets. It is, in my opinion, no use in horse racing markets because they're moving too fast.

Charts have absolutely no purpose for in-play tennis or football because the odds are driven by how the match is being played.

[Lucacrebbe]

The question I was asking is, how do you know they would be helpful if you've never used them?

I've used a lot of charts, never found them useful and no longer bother with them.

(Shaun, he's got the money for the software, better get down to work ).

Because I trade also the stock market, and every market works the same if you look at same parameters. Markets are different, but if in an area there is no volume, there's no interest in that odd ok? It's not difficult to understand

Let's make an example:

I have backed an horse at 3 at a cross bearish MACD and the RSI is going above below 80... ok?

I am riding a nice downword movement now... well I am happy, I am in profit... the smile is on my face.

Ok but when to exit? When to exit at the most profitable point of wiev (for me)?

Here comes in the market overwiev... the MFI and VPOC

Taking the example above, if I' ll see the VPOC at 2,50 I'll know that this is an important area to look at, because is here where there is the most of movement, and I should care about this area because here is where somenthing' s gonna happen

So I'll have two choises:

--exit near to the VPOC

or

-- wait for the VPOC and see what it does. If the VPOC starts going up at another price/odd level, it's time to exit because it means that the market is reacting very quickly to somenthing

If the VPOC goes even lower, it's time to relax and keep on riding the downtrend

That's right. Keep riding the down trend, make lots of money, and then WAKE UP - the dream's over and it's back to the Bet Angel forum looking for a way to make money.

Exchange markets are totally different to stock markets in that stock markets don't have overrounds and the stocks are not inter-connected. MACD was designed to work on longer term markets. It is, in my opinion, no use in horse racing markets because they're moving too fast.

Charts have absolutely no purpose for in-play tennis or football because the odds are driven by how the match is being played.

You are right, the difference is that the sport exange is a too fast market, if compared to the stock' s market. You can be right Dereck, my opinion is that you can see always somenthing reading the indicators.. at least you would have an idea of what the market thinks about a match... ok, maybe it's not so much, but it's always one indicator more in your ''arsenal''