Assessing the eg horse ability would be a starting point.
But having those would show price variants.
Bookies odds and support / resistance
- ruthlessimon
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I've knocked this up super quickly, & I'll be the 1st to admit I'm not entirely sure (don't have a clue! ) what it's showing
They were calced by taking: The June 2.xx shorties, sorting em by volume @ 5mins - then taking the top 50 (high volume) & the bottom 50 (low volume) as the samples
X-axis = Count
Y-axis = Each price point
Blue: the fav had high volume @ 5mins
Orange: the fav had low volume @ 5mins
.. Sometimes it's correlated sometimes it's not
- ShaunWhite
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I've seen this pattern several times this week or so it seems.
Someone's been a bit too keen to get on and should have waited.
Big lay spikes can trigger drifts, it look slike big back spikes are sometimes doing the same which is bizzare.
Some nice examples of looking at 3.0, 3.25, 3.5 & 3.75 for the OP.
..and also a Mean Reversion example for Simon 3 -> 3.65ish -> 3.25ish
Someone's been a bit too keen to get on and should have waited.
Big lay spikes can trigger drifts, it look slike big back spikes are sometimes doing the same which is bizzare.
Some nice examples of looking at 3.0, 3.25, 3.5 & 3.75 for the OP.
..and also a Mean Reversion example for Simon 3 -> 3.65ish -> 3.25ish
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- ruthlessimon
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I've proven why "trading definitions" are a minefieldShaunWhite wrote: ↑Sat Jul 28, 2018 5:48 pm..and also a Mean Reversion example for Simon 3 -> 3.65ish -> 3.25ish
.. Or 2.5 -> 3.65 -> 2.5
A scalper (or better a bot) could anticipate an overshoot, & if the overround hit 100%, be an extra confluence for taking a quick tick
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Is the only way to deduce whether this is back/lay bet by actually watching the market and seeing at which price the order comes in?ShaunWhite wrote: ↑Sat Jul 28, 2018 5:48 pm
Big lay spikes can trigger drifts, it look slike big back spikes are sometimes doing the same which is bizzare.
- ShaunWhite
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I'm talking big as in it's enough to move the price. You can see it on the price chart.
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Actually, you made the distinction in your original post that big lays AND big backs caused market drifts, hence my question which your follow up post kind of misses the point of
- ruthlessimon
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Yeah come on Shaun watcha tryin' to say?
A big back bet is just as likely to be a signal of a reversal.. but also provides amazing value to a layer (i.e. pullback i.e. your chart)??
Which then begs the question - why use volume at all if it's a 50/50 call?
A big back bet is just as likely to be a signal of a reversal.. but also provides amazing value to a layer (i.e. pullback i.e. your chart)??
Which then begs the question - why use volume at all if it's a 50/50 call?
- ShaunWhite
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I wasn't saying it was just as likely, I was saying that one was bizzare.ruthlessimon wrote: ↑Sun Jul 29, 2018 5:08 pmYeah come on Shaun watcha tryin' to say?
A big back bet is just as likely to be a signal of a reversal.. but also provides amazing value to a layer (i.e. pullback i.e. your chart)??
Which then begs the question - why use volume at all if it's a 50/50 call?
Again it's about terminology, I'd see a pull back on that chart as going back to 3.25 from 3. Not a massive drift to a new high.
- ShaunWhite
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Any old 'Volume' might is 50/50, I've not checked. But if you know what side it was on it's not 50/50.ruthlessimon wrote: ↑Sun Jul 29, 2018 5:08 pmWhich then begs the question - why use volume at all if it's a 50/50 call?
- ruthlessimon
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That's a bold statement! I reckon you're right, but without extra context (i.e. defining "big"), it'll be slimShaunWhite wrote: ↑Sun Jul 29, 2018 5:26 pmAny old 'Volume' might is 50/50, I've not checked. But if you know what side it was on it's not 50/50.
Tell ya what, you've made it my Sunday night focus