In this article I want to share my Betfair scalping tips for a flat market. Flat market is the one which doesn’t move up or down significantly. The graph of a flat market just moves in a predefined corridor. This type of market is great for scalping. The stronger the support and resistance levels in the market, the more you can rely on them but as usual – always be prepared to scratch your trade or take a loss.
Betfair Scalping Tips – Flat Market
In the video above, I show how to use flat market into my favour. I just use the support and resistance levels in the market. I Lay at the support level and Back at the resistance level. That’s usually all I need when scalping a flat market. However, there is always a risk the market will break support or resistance level. You have to watch the market closely and the behaviour & activity at the last traded prices should help you. If you see the market going through the support or resistance level, it may me like a burst dam.
In such a case, scratch the trade if you feel the support is definitely broken. You can always jump on the other side of the trade if you feel it’s broken. As I already said in one of my older articles about flat market – there may be a “false breaking”. The support level can break only for a short period of time and then it can bounce back. You have to recognize the difference between “real” vs “false”. It’s like recognizing real money vs spoof money.
Flat markets are one of my favourite markets. If the corridor is strong, I don’t have to do much in order to make a profit. However, if the market moves to a dangerous position, I always have my finger on the trigger and I’m ready to scratch the trade.