ruthlessimon wrote: ↑
Thu May 31, 2018 2:51 pm
BetScalper wrote: ↑
Thu May 31, 2018 7:39 am
But why don't you offer something yourself to the newcomers ? Thought not.
I was reading my posts back, & that thought did strike me
I just think it's important people be aware that "perfect piston motion" alone, is in no way a guarantee of a "straightforward" market. Speaking personally, I try to acquire statistics which supplement
it - which protects me from those nasty races (i.e. above).
From what I believe, the trade seems very similar to a video of mugsgame's from a while back. So an example of a supplemental statistic, would be the following: "If the 2nd breaks 4.0 (given x, y, z), the median low is 3.65, the median low time is 01:26." Suddenly that's quite powerful information that can be used alongside the "piston motion". Offering exits at the optimal price, or be set up for the reversal etc. However, I struggle to combine all these many "snippets of info" into an overarching methodology. It can become very mushed, very confusing, & simply untradable.
But that was my personal read on this quote:
JollyGreen wrote: ↑
Mon Oct 06, 2014 10:15 am
When you get the market make a note of how it moves and just pay attention to the range within which it moves.
What I do is use BA/Guardian to enter trades based on the following logic for those types of races I mentioned previously:
- Minimum matched volume > 100k
- Back book% < 101
- Lay book% > 99
- BTL trade where WOM (100,50,25) < 33
- LTB trade where WOM (100,50,25) > 66
Only one trade open at a time. Then I will manually look to exit as there are things which BA can't do without using excel etc.
It works for me but obviously may not work for others. People are free to ignore, modify or expand upon it based on their own market analysis.
- If I have a BTL trade open and the WOM (100,50,25) > 50 then I will usually exit.
- If I have a LTB trade open and the WOM (100,50,25) <
50 then I will usually exit.