What A Difference A Day Makes

Howdy,

I noticed a few comments on the STJ forum regarding people struggling yesterday in the markets, yet finding today a breath of fresh air. So I thought I'd make a post about why this was the case to try and help other people understand the situation too. I'm comparing the 2nd and 3rd March. Did you see a difference in the market conditions? Did you do well one day and struggle the next?

Please leave comments below if you traded both these days and found this to be the case.

'What a difference a day makes' Let me explain..............

2nd March

First I want to mention there is a huge diverse range of different meetings throughout the trading calendar and particular meetings attract more interest than others. It's that simple. By 'interest' I mean more money flows into these meetings and in turn generates more liquidity. It's common sense that if there is more 'interesting' meetings for the punters and the public in general on that day, more money arrives in the markets and this has a massive knock on effect for us traders.

So on the 2nd March the meetings on the card were quite weak as a whole.

Bangor

Downpatrick

Folkestone

Kempton

Wolverhampton

When we have cards like this on a day, we can't expect to see huge amounts of real genuine money being attracted to these meetings. So what happened yesterday was a clear case of traders and manipulators battling against each other for prices and queue positions. So spikes were common place in the market. There was lots of aggressive and erratic behaviour and this basically means patterns were harder to spot and follow. I think yesterday in particular had a lot of races where everyone was half guessing the market, and it was obvious big manipulation was dominating the market. The 'flow' was very weak so instead of money getting turned over at steady intervals, it was very quiet for minutes on end without much happening. Then suddenly someone hit a price and the whole market was thrown out of sync and the chase and battle continued. While you were sat around in queue positions, the market struggled to find an equilibrium which in turn made getting in and out of a situation with little risk hard going.

3rd March

Today was a different ball game and the meetings on the card were average.

Ludlow

Southwell

Tauton

Wolverhampton

Meydan

When there is three meetings on a day (which is quite regular) we want to see at least two of those three in the day that aren't All Weather or Irish meetings. Why? Coz these meetings should attract more money to them as mentioned earlier.

Based on the meetings lined up on the card, the markets should have attracted more money in general and this was definitely the case. In fact it felt more like an average card in the summer too be honest, where there was a really good amount of overall turnover matched, with some real genuine action in the markets. Of course there was still erratic moves at times, but this behaviour happens on most days too be honest.

The huge difference was the amount of 'flow' in the market and to spot this look at how much money is spiking through the market, and how regular this is happening. So when more money is getting turned over on both sides plus with a good amount of flow in that market, you can get in and out of a position faster and with less risk. 

Also due to the fact the markets get manipulated so much nowadays, I saw an obvious battle against the big manipulation where this automation struggled sometimes to keep up with the overall activity in the market. Again the knock on affect of this was long term trends and also highs/lows of the markets were reacting quite well to momentum moves and bounce backs in a price.

Ok ramble over hope that was some help to a few people.