decomez6 wrote: ↑Tue Jun 22, 2021 9:52 am
Brovashift wrote: ↑Mon Jun 21, 2021 2:57 pm
... But what else is it telling me?
what time was the volume matched?
-early morning as soon as the bets odd guaranteed (BOG) is announced?
-30 mins pre off?
-5 mins ?
-2 mins ?
or
-in play?
each session has different market movers forming part the matched volume.
-bookies
-horse owners
-form readers
-cold traders
-form reading /orderflow traders
-mug punters
-mug traders
- bots for and against all of the above.
volume matched indicates activity of interest, leaving behind a footprint that can form some level of support / resistance.
it can also help you workout who has the upper hand and what direction the market is about to take all depending on time /and amount.
some players (not all) , wont offer prices to the market especially when closing they prefer to take prices .this allows them to set up trades that takes time to mature using iceberg orders and they will close with a Bang ! leaving behind a trailer of stop losses carnage .
liquidity and fill rates determines what kind of opponents you are up against, so choose wisely .
how i see it and it could be iam just building imaginary castles in the air, may be the reality is totally different , but i like to tell myself stories , helps to make sense of all those moving parts .
tea break..........
Hi Decomez6,
Thanks again for this little window into your mind when it comes to trading.
I would say that I personally fall somewhere in between the cold trader and order flow category, approximately 5-10mins before post time is when I have my most success. I have been wondering how someone goes about placing a swing trade, which I assume would come under the early morning traders, when BOG are announced.
Looking on Google I can see statements regarding the time of BOG announcements by Bet365 and Paddy Power, but these just state early morning. Is there a specific time in the morning when a trader can view these across the market in order to come up with a bias for a swing trade... or, are BOG bookmaker specific, and so required individual research to obtain the necessary information?
Also, is there somewhere I can get this info on the correlations between market participants & times? In a nice easy table format would be ideal. Unless you can shoot me over a quick explanation in your reply for me to put into a nice easy table format for future reference?
Not sure if I can mention this on here; but have you had an experience with Caan Berry, sports trader? He has a video pack that I believe goes more into the fundamentals of trading/horse's, and thought maybe this might have the additional info Im looking for. But I only usually purchase things like that on recommendation.
Is a Mug Trader a trader who doesn't hedge? And so turns his trade into a punt?
With regards to volume matched helping to identify who has the upper hand by create some form of support/resistance, would one way to identify direction be to wait for confirmation in either direction i.e. break above, layers in control, or break below, backers in control?
Does also seeing volume matched increasing on one side of a support/resistance price level give an early indication of direction, or is this just a shifting support/resistance level? and so not a catalyst to take action yet.
I wont worry too much about iceberg orders at the moment because if I have understood them correctly, there isn't much a can do about them if I cant see them, just have to try and recognise them if I find myself caught up on the wrong side of one.
Thanks again.
![Uber Geek :ugeek:](./images/smilies/icon_e_ugeek.gif)