Okay so here is something to make you think. Have a look at the attached image and make your selection on
1. Back
2. Lay
3. Abstain
The market information is as follows (and Jeff if you're reading this, it is the ONLY info provided)
The market volume has been increasing at peak amounts for the past 30 seconds with 2 minutes to the official off time. This is the favourite in a 10 runner handicap - what would you do?
Before anyone gets worried about being wrong or thinks I am going to try and trick them please don't. This is simply to make you think about the market, what you see and what you think. Just answer the poll and then add a brief comment about how you came to your decision. Always remember, you cannot really be wrong because you are always learning!
Back lay or abstain?
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JollyGreen
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steven1976
- Posts: 1744
- Joined: Tue Jan 19, 2010 6:28 am
I guess you can do anything and make money from it and the options on offer may not cover all trading options as it depends what you are doing. A scalper is likely to open with positions both sides and if they felt they got the right side of a move they may hold out for an swing.
Also if I laid for 20 pounds or backed for 20 pounds at that particular point at the bottom, it may react different to someone else laying or backing for 5k, as the markets risk changes depending on the time from the off. Therefore in my opinion, there is never a right or wrong as the market will act differently to stakes that go into the market for pre-off racing?
Also if I laid for 20 pounds or backed for 20 pounds at that particular point at the bottom, it may react different to someone else laying or backing for 5k, as the markets risk changes depending on the time from the off. Therefore in my opinion, there is never a right or wrong as the market will act differently to stakes that go into the market for pre-off racing?
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
I am liking the answers, it would be good if a few more people would take the time to give their thoughts. I'll let it run a bit longer and then give my thoughts based on my experience in the markets. Hopefully then we can get the grey matter moving....if I have any left! 
I would hopefully be putting in some lay orders to close out a lovely trade having backed at the beginning of the move. 
Seriously tho I would like to see what's going on across the rest of the market and see how orders are getting matched. A lot more info needed to make a call.
Seriously tho I would like to see what's going on across the rest of the market and see how orders are getting matched. A lot more info needed to make a call.
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NeilSpence
- Posts: 78
- Joined: Sun Nov 17, 2013 11:58 am
I would back as the graph doesn't show any sign of stopping the trend. There is no consolidation (flattening out) that would suggest the current run has stopped. That said, I would only be looking for a couple of ticks or take out half my position if the move continued
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Wainwright
- Posts: 108
- Joined: Mon Jan 23, 2012 1:10 pm
I like my markets nice & stable, this one looks far too exciting for me.
- I'll sit this one out thanks
- I'll sit this one out thanks
It does look like a fairly steady consistent move in one direction, indicating it's definitely steaming, and the high volume supports that.
The problem is that the price has already moved a long way, I'd certainly be worried that the move is about to end or reverse, especially since there's only 2 minutes left to the off.
I'd back, but obviously would have preferred to catch the move earlier on. Would still be uneasy about backing after the price has already moved so far, and so close to the off.
The problem is that the price has already moved a long way, I'd certainly be worried that the move is about to end or reverse, especially since there's only 2 minutes left to the off.
I'd back, but obviously would have preferred to catch the move earlier on. Would still be uneasy about backing after the price has already moved so far, and so close to the off.
