Tuesday, 26 April 2011

Weight of Money (WOM)

WOM was one of the first indicators I learned to use when I started trading 5 years ago. I recall watching Adam Todd’s scalping videos using the early Bet-Trader. I’m pretty sure he was the first to introduce the ladder interface and that combined with WOM and momentum trading made for a solid foundation to build on.

As the Exchange evolves so do the characteristics of the indicators we use and WOM especially has become much more difficult to interpret. It can be used to trap, hold, manipulate and the recent introduction of cross matching  brings even more distortion to how WOM is perceived.

Below are two examples from today where WOM is clearly evident.  It’s pretty rare to see volumes of this size being matched especially on races like this with low turnover. Bearing that in mind my advice is to ignore its presence.... sometimes easier said than done!

Monday, 11 April 2011

The Masters at Augusta

I Plotted up at around 7pm yesterday to watch this fantastic golf event and with the laptop nearby I waited for the story to unfold. I felt sorry for the 4th round leader Mcilroy who was having a nightmare but the entertainment provided by the other players made for spectacular viewing and some good trading opportunities. It was hard to keep up with it all at times with 6 players having a share of the lead and a few more only one shot away.

I'm a keen golfer myself and I had a few ideas on how I could trade this event after experimenting with stats in the past. I got off to a steady start when Mcilroy was in meltdown and the late surge from Tiger Woods made for some great swing trades. I had a scare late on when my internet failed and I had to scramble on to the Betfair mobile app to close a position but apart from that it was great fun trading a sport that I enjoy watching.