Slightly bonkers first race at Windsor
Betfair chart / Betfair graph of the day
-
ruthlessimon
- Posts: 2150
- Joined: Wed Mar 23, 2016 3:54 pm
comely shoe
You do not have the required permissions to view the files attached to this post.
-
ruthlessimon
- Posts: 2150
- Joined: Wed Mar 23, 2016 3:54 pm
way out 'north' 
You do not have the required permissions to view the files attached to this post.
Have you ever heard of a 2618 trade? where you have a double top then a break of structure to the downside followed by 61.8% retracement and then back at that price with targets set at previous low and then a 127% extension of the intial A-B leg. Maybe its a bit too technical for Betfair markets but maybe it can be implimented.
I mention this as the chart you posted looks like a 2618 setup but the time constraint (off time) didnt allow for an entry.
You do not have the required permissions to view the files attached to this post.
-
ruthlessimon
- Posts: 2150
- Joined: Wed Mar 23, 2016 3:54 pm
It's important to understand what caused the shape. Because it'll give you an edge over those who react to the "graph shape"
Somone large was laying that runner with £20k stakes. Looked like they had finished then, boom another £20k stake appears. that's what caused the "double top". I've got a hunch Peter was in the market up at 1.67 anticipating the high. If he was the one who filled the last £20k stake, that would have been close to a £1000 win - defo worthy of graph of the day.
TBH I think most technical analysis is hot air. Fibonacci levels are no better than random. Most of the "educators" who push these methods can't trade or are vry mediocore imo.
Somone large was laying that runner with £20k stakes. Looked like they had finished then, boom another £20k stake appears. that's what caused the "double top". I've got a hunch Peter was in the market up at 1.67 anticipating the high. If he was the one who filled the last £20k stake, that would have been close to a £1000 win - defo worthy of graph of the day.
TBH I think most technical analysis is hot air. Fibonacci levels are no better than random. Most of the "educators" who push these methods can't trade or are vry mediocore imo.
Great postruthlessimon wrote: ↑Thu May 18, 2017 2:14 pmIt's important to understand what caused the shape. Because it'll give you an edge over those who react to the "graph shape"