Force Open Reverse

[lee1578]

When the book is not reversed and the WOM on the back side is 70% does this essentially mean the price is coming in?

When the book is reversed and the WOM now shows 70% on the lay side does this still mean the price is coming in?

Thanks

[JollyGreen]

When you reverse the book, the money in the market doesn't change. You are simply tricking the software into placing a lay bet at the back price and a back bet at the lay price. It means you are offering money to the market and asking the market for a price which is the way to do it if you want to make profits long term.

HTH

JG

[lee1578]

Thankyou for the reply JollyGreen.
So when i've reversed the book and the WOM is 70% and the arrow is pointing up does this mean that the price is drifting?

[JollyGreen]

Not necessarily you would need to look at the front of the queue to see how the money is lined up. For example you could have a large sum sat below the main price by 1 or 2 ticks and that could give the impression it will drift. If the large sum is withdrawn then you suddenly get a different WOM and a strong chance the price will shorten.