Hi! I am having difficulty working out a good entry point or 'sweet spot'. I know Peter has talked a lot about this...but i don't understand/can't find the relevant info. Can someone please help me to understand when & why and at what point i should enter a market..be that back or lay??
Many thanks....
Entry point/sweet spot
Wow..that was quick Andy..v many thanks. What is the logic of a crossover. Is it that when it reaches a whole figure like 2/3/4...that it is quite likely to swing back the other way? And is it a psychological point rather than a rational one? Or is there a rational reason to enter the market at that point?
Thanks...
Thanks...
Hi
From a traders point of view Its mostly becuase of the the price increments, if a horse has been backed in from 3.60 and is now at 3.0 people will try to lay it there because if it continues downwards they only lose 0.02 per tick but gain 0.05 if it reverses and goes back up.
If a horse is strong or weak enough it will eventurly go through a crossover but most of the time some sort of resitance is met at them which is what creates a possible entry point for many people, weather this is for a long term swing reversal or a few scalping ticks.
Also a cross over is no necceserily a whole figure (7.0,8.0,9.0,15.0 and many more are not crossovers) its only regarded as a crossover if the increments changes as it passes through
Regards
Andy
From a traders point of view Its mostly becuase of the the price increments, if a horse has been backed in from 3.60 and is now at 3.0 people will try to lay it there because if it continues downwards they only lose 0.02 per tick but gain 0.05 if it reverses and goes back up.
If a horse is strong or weak enough it will eventurly go through a crossover but most of the time some sort of resitance is met at them which is what creates a possible entry point for many people, weather this is for a long term swing reversal or a few scalping ticks.
Also a cross over is no necceserily a whole figure (7.0,8.0,9.0,15.0 and many more are not crossovers) its only regarded as a crossover if the increments changes as it passes through
Regards
Andy
I have noticed a significant amount of 'false' moves through crossover points. Where the price will go straight through the crossover with little resistance and then bounce back several ticks below. I am assuming some sort of automation is triggered
So just be careful as the breakthroughs can be deceptive
So just be careful as the breakthroughs can be deceptive
Do you mean Support and/or Resistance?
How much of a bounce would you typically expect from these crossover points?
Also would you expect it to bounce more often than not. Say its coming in from 7.0 into 6.0 then bounce up to 6.4 rather than go straight though 6.0?
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SeaHorseRacing
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Euler knows his stuff ofcourse and hes giving you a nice little clue there...
Go and research betfair graphs and you will see how resistant a cross over is... I personally think using a crossover as a resistant entry is more powerful now then using the crossover as an advantageous entry.
When you see a horse drifting if it doesnt go up through the crossover you can be fairly sure its at the top of its range. Knowing that the advantage in odds is not pushing the price higher is a pretty good sign its not so weak anymore.
When researching graphs you will see how many times the crossovers become tops and bottoms of movements.