Hi.CallumPerry wrote: ↑Mon Jul 02, 2018 11:16 amIf it goes against you all the time then just do the opposite and you'll have a 100% strike rate
Perhaps you're going with the flow of money and noticing entry points at the same time as everyone else and getting in when there's a reversal? Do you look at the price moves of other selections (other dogs) to make your decision or just the ladder of the i.e. fav?
I'm by no means an expert and still making plenty of mistakes myself so maybe others will have better advice but what I've started to notice is that you have to really switch your brain around and think backwards a lot of the time. If you see a price steaming in don't think wooooooooo I'm jumping on this, instead wait for a point you think it will reverse unless you think there's still significant power driving it in a particular direction.
Greyhound markets are fast filling markets at the very end so changes happen, can't remember who wrote the quote on this forum before or where it came from originally but it's stuck with me:
If you see a bandwagon it's too late.
Hope any of this helps.
I have red your message
Very intersting. I am a noob when it comes to this kind of tecnical analisis... could you help me out please with some examples?
You talk about ''Money flow index''' ... well how far this indicator differs from onbalance volume? How to time it?
Example: l et's suppose at odd of 3,4 there is a low Money flow index, then at 3,5 you see money start coming in because the money flow index start to increase.... well how cn you be sure to have timed the market and that you are not too late?