Betfair chart / Betfair graph of the day
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- Posts: 190
- Joined: Thu Sep 21, 2017 3:23 pm
If you enter when the volume is rising and you check the weight o money you'll have a better understanding of where the odds are going to.. let's suppose volume has high spike and the WOM shows a laying interest... then you should lay and ride the pump up
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- Posts: 190
- Joined: Thu Sep 21, 2017 3:23 pm
I have a question: do you see the green lines I have drawn on the image? The first is a first resistence that is broken up by an increasing volume (see the first green line in the volume bar indicator) and the resistence gets broken.
In this case do you use On balance volume in combination with Weight of money to base your decision to enter and laying the odds?
Which set up do you use for On balance Volume, and which for Weight of Money?
After this the huge spike in volume (the long bar) the volume itslef decreases (and so the price/odds)... so this was time to exit the trade.
I have onether question: In your opinion, in that huge bar of volume there were so much layers than backers, or one or two big ''boys' with huge stakes who was going to lay and wanted to distribuite their stakes across the losers backing boys? Because the volume of backers is always equal to volume of layers (for one who lay there always must be onether one who backs)..so my question is: the sentiment was not so clearly because so many people had accepted to back at this point (the huge volume bar) and accepting a huge loss.... usually is said : ''to break a resistence there must be an increasing volume'' ... well but what if that volume was made of backers instead of layers? Would the resistence have been broken? NO
So what's the point of increasing volume next to a resistence point, without a sentiment indicator of what' gonna happen soon? (backing or laying)
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