Trading Horse racing : Betfair charts of the day

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Lucacrebbe
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Sat Jul 07, 2018 2:29 am

Derek27 wrote:
Fri Jul 06, 2018 8:07 pm
Time For A Toot.jpgSpirit Of Appin, 20-05 Chelmsford.jpg


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

Derek27
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Sat Jul 07, 2018 2:52 am

You sound a lot more confident now, have you started trading?

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Korattt
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Wed Jul 11, 2018 5:08 pm

hoo bloody ray
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Korattt
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Fri Jul 13, 2018 6:59 pm

lovely, & it wins
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Lucacrebbe
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Sun Jul 15, 2018 4:37 pm

Korattt wrote:
Fri Jul 13, 2018 6:59 pm
lovely, & it wins


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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Dallas
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Sun Jul 15, 2018 4:49 pm

A large lay order is usually a precursor to a drift, the 2nd cemented that even further

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Korattt
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Sun Jul 15, 2018 4:53 pm

Dallas wrote:
Sun Jul 15, 2018 4:49 pm
A large lay order is usually a precursor to a drift, the 2nd cemented that even further
+1

Lucacrebbe
Posts: 189
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Sun Jul 15, 2018 5:27 pm

Derek27 wrote:
Fri Jun 29, 2018 7:28 pm
Hard to tell if this was a fat finger or a short move.
Intense Romance, 19-30 Newcastle.jpg
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 .

Derek27
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Mon Jul 16, 2018 2:06 am

Lucacrebbe wrote:
Sun Jul 15, 2018 5:27 pm
Derek27 wrote:
Fri Jun 29, 2018 7:28 pm
Hard to tell if this was a fat finger or a short move.
Intense Romance, 19-30 Newcastle.jpg
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
Posts: 189
Joined: Thu Sep 21, 2017 3:23 pm

Mon Jul 16, 2018 9:59 am

Derek27 wrote:
Mon Jul 16, 2018 2:06 am
Lucacrebbe wrote:
Sun Jul 15, 2018 5:27 pm
Derek27 wrote:
Fri Jun 29, 2018 7:28 pm
Hard to tell if this was a fat finger or a short move.
Intense Romance, 19-30 Newcastle.jpg
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.
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 odds
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..

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