Betfair chart / Betfair graph of the day
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This is not a fat finger... a fat finger is an error, simply this is a back-off (a sell off)... a lot of people enterd in the wrong side of the trade, and they had liquidated their positions.
I don't know if the first spike of hige volume (the first huge volume bar) was intended to be a lay or back pressure... if lay pressure then who layied has profited sooooo much....but because of the successivley low volume he couldn't profit well, so he cashed all out at the best odds available , causing the drastically drop the odds from 90 to 20 (again).
Again a new spike of volume at this price (20 circa) caused another upword movement, smaller than the first (from 20 to 30)... then the decreasing volume caused another regression to the 20 odd. And then flat trend .
Only a small amount of money was traded at 90. It's quite possible somebody laid at 90 by mistake. If it was a weak market less than £100 could have taken the price up there.Lucacrebbe wrote: ↑Sun Jul 15, 2018 5:27 pmThis is not a fat finger... a fat finger is an error, simply this is a back-off (a sell off)... a lot of people enterd in the wrong side of the trade, and they had liquidated their positions.
I don't know if the first spike of hige volume (the first huge volume bar) was intended to be a lay or back pressure... if lay pressure then who layied has profited sooooo much....but because of the successivley low volume he couldn't profit well, so he cashed all out at the best odds available , causing the drastically drop the odds from 90 to 20 (again).
Again a new spike of volume at this price (20 circa) caused another upword movement, smaller than the first (from 20 to 30)... then the decreasing volume caused another regression to the 20 odd. And then flat trend .
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Before it went 90 there is a huge volume bar, indicating there was interest in break out the resistence (20) and bring the price up or down. In my opinion who laid then got in profit but because of the lack of volume (after the price went to 90) he decided to cash out on a subsequential low volume stage, causing the dropping oddsDerek27 wrote: ↑Mon Jul 16, 2018 2:06 amOnly a small amount of money was traded at 90. It's quite possible somebody laid at 90 by mistake. If it was a weak market less than £100 could have taken the price up there.Lucacrebbe wrote: ↑Sun Jul 15, 2018 5:27 pmThis is not a fat finger... a fat finger is an error, simply this is a back-off (a sell off)... a lot of people enterd in the wrong side of the trade, and they had liquidated their positions.
I don't know if the first spike of hige volume (the first huge volume bar) was intended to be a lay or back pressure... if lay pressure then who layied has profited sooooo much....but because of the successivley low volume he couldn't profit well, so he cashed all out at the best odds available , causing the drastically drop the odds from 90 to 20 (again).
Again a new spike of volume at this price (20 circa) caused another upword movement, smaller than the first (from 20 to 30)... then the decreasing volume caused another regression to the 20 odd. And then flat trend .
I don't understand what do you mean with ''somebody laid at 90 per mistake'', at 90 the volume is low so even if somebody would have laid at 90 (and then exit) I don't think it would have cause (alone) the drop..
- ShaunWhite
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Chart of the day looks like changing from a nice summary of interesting stuff to pages and pages of Lucacrebbe's chat.
- ShaunWhite
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- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Re: prev posting of Spring Romance chart.....some context rather than just another random line on a chart.
Typical cowboy software, my Price axis (red) didn't re-scale
But ....the green line is the interesting one. By my calculations the backers were putting so much more money down than the layers that it went off the bottom of my chart! First time in the last 170 races. The layers came back a little as we approached that strange Bermuda Triangle price called evens. Those flashing numbers on the ladder play an interesting tune sometimes.
Please don't ask for a copy of this .xlsm, as a refusal may offend The many times it gets it wrong will certain offend It's very much work in progress.
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I'm not just backfitting either.....my xlsm deploys a Guardian bot
Typical cowboy software, my Price axis (red) didn't re-scale
But ....the green line is the interesting one. By my calculations the backers were putting so much more money down than the layers that it went off the bottom of my chart! First time in the last 170 races. The layers came back a little as we approached that strange Bermuda Triangle price called evens. Those flashing numbers on the ladder play an interesting tune sometimes.
Please don't ask for a copy of this .xlsm, as a refusal may offend The many times it gets it wrong will certain offend It's very much work in progress.
. .
I'm not just backfitting either.....my xlsm deploys a Guardian bot
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