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Old 07-28-2005, 11:07 AM
Scripophilist Scripophilist is offline
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Join Date: Jul 2003
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Each market on Betfair has its own ripples and features so we designed Bet Angel to try and reflect that. On the cricket you would probably using the offsetting and trailing stop to best use. You could lay or back a team and Bet Angel would automatically take the corresponding position and manage it by stopping you out if you position went against you or pulling up your stop limit if you moved into profit. A lot of people set it running and just walking away and do something else.

If you use the charting on the horse racing markets it will give you excellent information in terms of what is happening in the market. It plots volume and price range, momentum and so on so you can clearly see where the odds are heading and take advantage of that movement.

I can't really recommend any books but certainly the short term stuff using the charing is more akin to technical analysis. I know there are some red hot S&P mini traders using the charts on the horse racing market.

I have my own styles on the market and have happily using them for ages. The software is just an evolution of that. Because of the speed and ease of use it helps me trade much better than the average user of the exchange.
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