Betfair chart / Betfair graph of the day
What's becoming increasingly apparent to anyone who observes this type of move several times a day is just how little money it takes to get prices to artificially low levels for the benefit of individuals who want to lay at these low prices. It only costs a few pounds. Then when the 'real' market starts, it's one way traffic.
You do not have the required permissions to view the files attached to this post.
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
Thanks LinusP, that's impressive.
Good charts, and as I posted yesterday (but in the reverse direction), you can see just how little it takes to move prices to outlandish levels. Not only that, but the market collectively pays you for doing so! This stuff is happening dozens of times a day now.
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
Perhaps too many people tried to catch the knife
You do not have the required permissions to view the files attached to this post.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
I thought the mantra was that a big volume spike initiates a drift? {search this thread for 'volume spike drift'}
I know there's always an exception that proves every rule, but shouldn't that have been a textbook 2.0 bottom Simon? I guess the argument will be that the spike didn't start a drift so a minute later the steam would continue. Or is that just aftertiming?