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Tomas

6.7.13. Weight of Money

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Weight of money is a useful indicator of where the market could move next. In theory, if there is more money Backing than Laying, the price should go down. If there is more money Laying than Backing, the price should go up. This is the result of people tending to ‘follow the money’. However, the theory can be quite tricky in today’s markets because advanced traders are aware of it and try to manipulate the weight of money (see the next chapter called ‘Spoof’).

5a941f5f2bdce_weightofmoneyindicator.png.9906aaac48d8773a4732cbd9354e5468.png

Weight of Money on the Back side indicating the price going down

So you have to read the market and rely on your experience to recognize when it’s full of people trying to cheat you with spoof and when the money supply or demand is genuine.

 

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