ruthlessimon wrote: ↑Wed Jul 11, 2018 2:23 pm
But what about saying - "Which markets have the biggest variability in WOM (i.e. 90% regularly pops up)" "This is where I expect spoof to occur" Perhaps that's how Peter uses Excel
Why would you need to do that? I can see it as and when the situation arises. And is high variability in WoM necessarily an indiction that there was spoofing going on? How would you even parameterise that high variablity anyway, spoofing is a hit and run tactic, so a high variation from the other 9 minutes or a high variablity in general, or a high variablity from the last race, or the same type of race yesterday.
I think I know how to get some measure it but I struggled getting the depth of info I need using the tools I've got, so I've shelved it because I started to realise I could learn more from the screentime than the potentially misleading excel time.
I'm always happy to be corrected but I think identifying spoof money is a subtle business not particularly suited to excel, hence the need for JGs OP in the first place? I would think they make their own mental lists of how/when/where it's more likely.....from experience. It's more subjective than objective.
Last bit...If spoofing was in anyway predictable, I'd say the spoofer wasn't doing their job right and it would just a matter of time before the smart guys cottoned on and start smashing them out of the park. I always try to step away from the numbers and try to understand how the market participants tick, I want to understand their MOs and not just look at the evidence at the crime scene.