Hi
You can use the TRIX indicator to see if the price go up or down and if go through the zero for price confirmation
Also the squeeze indicator is really good.
Thanks very much for the suggestion. I am not into horse fetishes.
I just felt a bit unsure, whether conventional trading tools can be applied to horses. Saw the Gom Volume Ladder on the QuantSports video and was wondering, what the horse does with the ladder. The relative strength index, spikes, troughs, head and shoulders, everything gets a new meaning. And you definitely should not bet on any moving average.
But then I must acknowledge that the Heikin Ashi chart already looks like a horse mane, racing over Welles Wilder's parabolic SAR. Very British, indeed.
I think you might have slightly misunderstood, but that's entirely understandable for someone unfamiliar with the betting exchanges. Pre-event sports trading does not require knowledge of the actual event, just the price. A lot like in some forms of futures trading; trading is entirely market profile based.
Fundamental analysis is used by the traditional bettor who does not seek to trade the hypothetical probability of an outcome happening.
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Thanks for pointing to this. If I misunderstood anything, it was a bit on purpose. I am not following any horse races, although I know that some people use sophisticated mathematical models to do arbitrage between different types of bets. NinjaTrader does not allow for executing spreads, so your customers are limited to directional bets, and commission and bid/ask can only be earned once.
How is this marketplace regulated? I would not trade on many FOREX retail platforms, and I have no confidence in instruments like CFDs. I am not afraid of futures and options, but I might be afraid of horse betting,
This has nothing to do with arbitrage (something that doesn't exist on the betting exchanges). The analysis is meant to be used in conjunction with other Betfair trading platforms (that can execute spreads several times over). The markets are very similar to futures (in the sense that you are buying or selling a bet with an implied % chance of a future event happening) just on an incredibly short time-frame (for a trader the market only is active for about 10 minutes, though for scalping it could be lower than 5 minutes).
The markets aren't regulated (at all), it's just the respective sporting bodies which investigate match fixing and I believe Betfair co-operate with them. Some in-play markets are managed. Spread is entirely natural but is subject to incremental pricing. Commission is only on winnings. It's a closed market and Betfair just provide a platform, nothing like retail brokers. So in case you are wondering, there is a lot of insider trading and market manipulation
Hi 3virgul14 , no i dont trade betfair anymore i am now on forex because there is to less volumes on a betfair market thats why some traders who come in with 10.000k or more can easily manipulate the price. Secondly, each market trading is less than 5 minutes => all the indicators take some times to appear because you need some historical price for them to work properly. But if you want to take a try here is the RSsqueezze.
NB. - Dont trade in play
- Prefer trading market between price range 2-4
Therefore you can be sure that there are no simple recipes (like "buy when above moving average") that make you a winner.
Also simple arbitrage strategies don't work in this area because all shops are connected.
Don't assume they are just dumb bucket shops.
Furthermore it might be helpful to keep in mind that betting is widely used for money laundering.
You can be sure that the people that keep up businesses which need such services don't leave too many holes to let over people live of their "work".
SO all retail betting are losing money, like the 95% of the retail trader?
So as you write..." there are not simple recipes (like "buy when above moving average") that make you a winner" what kind or recipes...
I don't assume that are dumb bucket shop but I think the could be a key to win money from them?
I don't know about laundering and betting and how this concert with trading, please what so you mean?
SO what is their business take monet from the trader and poor user?
For a while, I was trying like most popular indicators existing around.
It is hard to say they are useful, market is mainly pushed by weight of money, and sudden steamers or drifters, not all the time though.
If all the players are exact size, like 500 stakes, it could work. But when the public money or giant bookie bets come in to the market, the balance changes very quickly. At that point indicators are not able to help..
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