Sometimes it makes a perfect sense to trade in a specified Betfair price range. There are types of markets when the price doesn’t move much and there is no obvious trend. In such a cases it is a good strategy to just use what the market has to offer. It usually moves up and down few ticks and it doesn’t want to break it’s borders. So when you see such a borders in the market, you may use them to your favour.
Betfair Price Range Trading
Trading in a specified price range is easy but you have to be always careful and watch the market closely. If the price range is broken, it may have a tendency to start a big move. Obviously all you need to do is to Lay at the bottom of the market and Back at the top. However, how to recognize if the support or resistance level will be broken? It needs a little bit of practice – as everything. But you should watch other horses – for example if there is some horse going up strongly, there must be some other going down. This can be a good indication when the market will broke the support level.
Sometimes, there happens what I call a “false breaking”. It’s when market manipulators break the support level just to make you feel it was broken. Many people start panic in such a situation and the market breaks the support/resistance level for a short period of time. And shortly after – once manipulators fill their bags with a good price – they push the market back. At that time, those who were in panic may panic even more and the market can start moving more. Sometimes, the market is a dirty place, isn’t it?