Any thoughts on Fibonacci systems?

[henbet22]

[kenfrost]

Just because it's something with a price that moves don't get lulled into thinking sports markets are anything like financials. They're very short duration, there's no intrinsic asset value so valuations end at either 0 or 1, all the assets in a market are linked so they can't all rise or fall, moves are purely on sentiment rather than 'news' or capital events..... that's just the start of it; then there's the fact that with fins you dispose of your position to liquidate gains any time, with sports when you buy and sell you still hold a 'buy' and a 'sell' ticket that are only valued when the event is completed (one wins and one loses). I worked in the City for over 20yrs and now traded Betfair full-time for nearly 10 so have a reasonable knowledge of these things and can confidently say there's very little crossover apart from the basic common sense issues around money management. Bin the charts and look at the current order flow. When you get the hang of that then you might find some value in charts but initially they're an overcomplication and a distraction.

(got a new coffee machine and been trying all the options so banged that stream of consciousness in no time Note to self: Buy decaf coffee beans)

Thank you Sean for this.

I have on previous threads asked several times about how to use charts and what they are meant to tell me, and each time people say read the explanations on financial websites etc. Having done that, i was none the wiser!

Your post validates what I suspected, namely that financial charts do not relate well to betfair trading and that (at best) they might be used for conformation bias usually post event!

On the subject of order flow, I am still trying to work out how to read that. Any pointers (other than to look at financial websites) would be gratefully received.

Thanks

[ShaunWhite]

On the subject of order flow, I am still trying to work out how to read that. Any pointers (other than to look at financial websites) would be gratefully received.

Thanks

Probably best if one of the manual traders explains more.

But on a basic level all markets are a game of supply and demand, dogs, horses, the price of apples, everything. The prices and volume people are asking for is on the ladder, their offers that are being accepted are visible via the traded volume at each price, and the activity either side of the spread shows the current sentiment.

There's more to it but it's not really my field, so I wouldn't want to dive too deep and tell you something that wasn't quite right.

...that said I've just asked my bestie for an explaination

Orderflow in Betfair Ladder Trading:

Orderflow refers to analysing the movement and intent behind unmatched bets on the ladder—specifically how prices react to changes in available money at each price point. By watching how orders appear, get pulled, filled, or stacked (especially at key ticks), traders aim to infer short-term sentiment, momentum, and potential reversals. Unlike price history alone, orderflow shows who wants what, and how badly, helping traders decide when to enter, exit, or scalp a position with minimal exposure.