Things to look at to improve order flow trading?

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tiberigc
Posts: 23
Joined: Fri Aug 21, 2020 7:05 pm

I've been doing order flow trading since I started on betfair a week ago without knowing it is called this way, since I do not know any "strategies" that I can apply, it always seemed logical to me to just check the markets and try to act accordingly. So since this forum has given it a name in the form of order flow, I wanted to ask you what you are looking at specifically to increase your chances of a proper execution?
I am doing it like this:

1. Check in on a market with 10 min or less remaining
2. Check total matched so far
3. Check market overview to see which horses have the most volume% and quickly glance at the prices of the first 3-4 horses
4. Check price/volume over time charts to get a gist of the trends
5. Check lay and back columns for first 3-4 horses to see what amounts of money are waiting to be matched to detect support for a movement in either direction
6. Chose a horse that is usually 1vs2 in regards to its price movement (if two horses drift, I will pick the horse that is coming in to take a position)

Admittedly, its my 6th day watching the ladders and I feel kinda slow and sluggish putting all the information together and coherently to good use.

Is there anything else I could be watching in form of modified/custom charts, custom numbers on the ladder? (perhaps modify some colors so that more relevant things are highlighted?)
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wearthefoxhat
Posts: 3567
Joined: Sun Feb 18, 2018 9:55 am

tiberigc wrote:
Tue Sep 01, 2020 10:48 am
I've been doing order flow trading since I started on betfair a week ago without knowing it is called this way, since I do not know any "strategies" that I can apply, it always seemed logical to me to just check the markets and try to act accordingly. So since this forum has given it a name in the form of order flow, I wanted to ask you what you are looking at specifically to increase your chances of a proper execution?
I am doing it like this:

1. Check in on a market with 10 min or less remaining
2. Check total matched so far
3. Check market overview to see which horses have the most volume% and quickly glance at the prices of the first 3-4 horses
4. Check price/volume over time charts to get a gist of the trends
5. Check lay and back columns for first 3-4 horses to see what amounts of money are waiting to be matched to detect support for a movement in either direction
6. Chose a horse that is usually 1vs2 in regards to its price movement (if two horses drift, I will pick the horse that is coming in to take a position)

Admittedly, its my 6th day watching the ladders and I feel kinda slow and sluggish putting all the information together and coherently to good use.

Is there anything else I could be watching in form of modified/custom charts, custom numbers on the ladder? (perhaps modify some colors so that more relevant things are highlighted?)

If you compare the price range of the favourite, you may see something as well.
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Derek27
Posts: 25159
Joined: Wed Aug 30, 2017 11:44 am

tiberigc wrote:
Tue Sep 01, 2020 10:48 am
Admittedly, its my 6th day watching the ladders and I feel kinda slow and sluggish putting all the information together and coherently to good use.
Six days is hardly slow. A year from now and you'll still be learning and gaining with experience.
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alexmr2
Posts: 768
Joined: Wed Sep 26, 2018 12:32 am

Derek27 wrote:
Tue Sep 01, 2020 11:07 am
tiberigc wrote:
Tue Sep 01, 2020 10:48 am
Admittedly, its my 6th day watching the ladders and I feel kinda slow and sluggish putting all the information together and coherently to good use.
Six days is hardly slow. A year from now and you'll still be learning and gaining with experience.
And 2 years :) I'm coming up to around 2 years and have noticed a couple of different things in the last few weeks that I never did before. Every time I notice something I focus too much on it and the rules go out the window :( but then I've added another string to my bow and can go back to the bigger picture
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ShaunWhite
Posts: 10512
Joined: Sat Sep 03, 2016 3:42 am

alexmr2 wrote:
Wed Sep 02, 2020 12:11 am
Derek27 wrote:
Tue Sep 01, 2020 11:07 am
tiberigc wrote:
Tue Sep 01, 2020 10:48 am
Admittedly, its my 6th day watching the ladders and I feel kinda slow and sluggish putting all the information together and coherently to good use.
Six days is hardly slow. A year from now and you'll still be learning and gaining with experience.
And 2 years :) I'm coming up to around 2 years and have noticed a couple of different things in the last few weeks that I never did before. Every time I notice something I focus too much on it and the rules go out the window :( but then I've added another string to my bow and can go back to the bigger picture
D is a bleak place. It's when you know enough to realise how little you know.
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alexmr2
Posts: 768
Joined: Wed Sep 26, 2018 12:32 am

ShaunWhite wrote:
Wed Sep 02, 2020 2:10 am
D is a bleak place. It's when you know enough to realise how little you know.

Screenshot_5.png
Accurate graph and A-D lasts years? 1-3 months in I thought it was round the corner but little did I know that the next 2 years of trading and learning 6/7 days a week would be a series of eureka moments closely followed by yet another false start

10,000 markets later and sometimes I feel back at square one
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