Optical illusion - Part three

The problem with looking at that Betfair chart is that you really couldn't see the true direction of the odds. Using the Bet Angel advanced charting is was possible to pick up on a number of trends in the later part of this move.

As the price was coming in quite a bit I sat there and waited, I hate following a trend! I waited till the price came back to the top of it's short term reversal and jumped in with a small trade at 2.86. It went in my direction for a short bit then stalled again, so I exited for my initial profit of £20.

I then waited to repeat the trade again. This time I got a better move and added £90 to my total. In fact it should have been more as the price went all the way into 2.28! But, as they say, you never go broke taking a profit. But then you never get that rich cutting out of a good run either! None the less it was a half decent result. In hindsight I should have probably got a lot more. If you had used bigger stakes you could have netted a decent profit on this 50 tick move. It was purely down to the short term charting that I managed what I did.