I have WOM, volume, and LTP being shown on the graph and I'm pretty sure these are all lagging indicators. I find it impossible to predict the next trend from the graphs and I'm having more success just using the ladder plus the micro chart showing the price movement of all the runners.
Am I missing something here? Do all the pros use the graph? Am I at a disadvantage by not using the graph?
are graphs absolutely necessary for pre-race trading?
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SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
I think what a lot of people seem to get fixated on is to know where the price will go next. It is impossible to know 100% where the price will go next.
Not a sarcastic comment but something for you to think about.
I honestly believe I could trade the same way I do now without the betfair graphs although they can help for sure.
You can see just from looking at the graphs if your going to get volatility or not. Or you can make a rough measurement if a move has gone to far. If a price has came from 10.0 all the way to 2.0s it probably wouldn't be a good idea to be backing it, as its likely to not move much more. Under certain circumstance if I was to back it, I wouldn't be using the betfair graphs and I would have a pretty tight (mental) stop, Id probably try to scratch my position at any moment of doubt or reversal.
I would advise for you to concentrate on what is going on with the money on the ladders, the other runners on the ladders (are they moving too?).
If using the enhanced graphs I would say volume charts are the best as you can see when moneys coming into the market, how much. Has volume increased? decreased?
Hope this helps you on the drawing board.
Not a sarcastic comment but something for you to think about.
I honestly believe I could trade the same way I do now without the betfair graphs although they can help for sure.
You can see just from looking at the graphs if your going to get volatility or not. Or you can make a rough measurement if a move has gone to far. If a price has came from 10.0 all the way to 2.0s it probably wouldn't be a good idea to be backing it, as its likely to not move much more. Under certain circumstance if I was to back it, I wouldn't be using the betfair graphs and I would have a pretty tight (mental) stop, Id probably try to scratch my position at any moment of doubt or reversal.
I would advise for you to concentrate on what is going on with the money on the ladders, the other runners on the ladders (are they moving too?).
If using the enhanced graphs I would say volume charts are the best as you can see when moneys coming into the market, how much. Has volume increased? decreased?
Hope this helps you on the drawing board.
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ShaunWhite
- Posts: 10527
- Joined: Sat Sep 03, 2016 3:42 am
Some swear by technical analysis, some swear at it.
If you're interesting is learning more about it and finding out if it suits your style. Start with a resource like this -> https://www.forex.com/en-us/education/e ... l-analysis , the links on the right will tell you about 20 or so different indicators. Or another good starting point is this -> http://www.investopedia.com/terms/t/tec ... alysis.asp It's a vast topic.
If you're interesting is learning more about it and finding out if it suits your style. Start with a resource like this -> https://www.forex.com/en-us/education/e ... l-analysis , the links on the right will tell you about 20 or so different indicators. Or another good starting point is this -> http://www.investopedia.com/terms/t/tec ... alysis.asp It's a vast topic.
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Dublin_Flyer
- Posts: 847
- Joined: Sat Feb 11, 2012 10:39 am
Some people love the detailed 5 sec interval/envelope/ltp type graphs etc, some prefer none. I'm happy to open the Market Overview, drag it across to my big screen, and use that for an overall view of ups and downs within an eyes glance while I have ladders open elsewhere.
I definitely find the market overview graph useful for keeping a wide view on the market, a steamer and a drifter outside your regular view can be easily spotted. When they bypass each other I call it a swing-swong. If it reverses and they pass prices again it's a swing-song flip-flop. If it reverses again I'm already out so I don't have a name for that
I definitely find the market overview graph useful for keeping a wide view on the market, a steamer and a drifter outside your regular view can be easily spotted. When they bypass each other I call it a swing-swong. If it reverses and they pass prices again it's a swing-song flip-flop. If it reverses again I'm already out so I don't have a name for that
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I've never used graphs to help me decide who to trade, more as a tool on who not to trade. I think they give you an indication of what's happening within a market but not neccessarily where individual runners may be going.