Trading on a betting exchange like BetPro requires skill, discipline, and advanced strategies to consistently profit. One proven approach used by professional traders is trend following – anticipating the market direction and riding established trends. In this comprehensive guide, we’ll explore advanced trend trading tactics tailored for BetPro Exchange.
Identifying Macro Trends with Fundamental Analysis
Before evaluating any micro-trends, it’s essential first to determine the overarching market direction. This top-down approach, known as fundamental analysis examines major external factors likely to impact prices.
Key Fundamental Factors
When analyzing fundamentals on BetPro Exchange, focus on elements like:
- Team news and injuries
- Player transfers and lineup changes
- Managerial appointments
- Tournament schedules and format
- Rankings and seedings
- Weather and pitch conditions
- Head-to-head records and statistics
Continuously researching these core factors will reveal macro trends to exploit.
Best Sources for Fundamental Data
Reliable sources for up-to-date fundamental insights include:
- Team websites and direct press statements
- Local media and beat reporters covering specific teams
- League sanctioning bodies and governing associations
- Statistical databases like FBRef and UnderStat
- Weather databases and forecasts
Checking multiple authoritative sources ensures you capture an accurate picture before establishing overall market direction.
Identifying Micro Trends with Technical Analysis
While fundamental analysis reveals the “big picture”, technical analysis is crucial for spotting emerging short-term, asset-specific trends.
Price Action Analysis
Studying price action forms the core of technical analysis. Important price-based trends include:
- New highs/lows – fresh breakouts signaling momentum
- Support/resistance levels – where markets repeatedly reverse
- Trend lines – visualizing dominant trend direction
- Chart patterns – identifiable shapes predicting movements
Analyzing price action across various time frames paints a detailed picture of micro trends.
Momentum Indicators
Momentum indicators mathematically quantify price movements, including:
- Moving Averages – maps average closing price over time
- MACD – Moving Average Convergence Divergence identifies trend changes
- RSI – Relative Strength tracks internal strength or weakness
Combining price action with momentum indicators offers an objective perspective on emerging trends.
Best Sources for Technical Data
Vital sources for technical data include:
- The instrument’s price chart on BetPro Exchange
- Charting platforms like TradingView
- Technical analysis suites like MetaTrader 4
Using professional charting software ensures you can conduct robust technical analysis before acting on trends.
Executing Strategic Trade Entries
Identifying promising trends is only half the battle – flawless execution maximizes profit capture.
Types of Entry Orders
Preferred entry order types include:
- Limit Orders – enter at a predefined price when the trend manifests
- Stop Orders – activate a market order when price breaches levels
- IF/THEN Orders – stage automatic entries meeting criteria
Order types afford control over trade entry price and timing when engaging trends.
Entry Timing Techniques
Well-timed entries optimize reward potential. Time entries using:
- Momentum Bursts – allow breakouts to gain steam before entering
- Pullback Fades – enter on brief counter-moves within trends
- Breakout Jumps – participate as price breaches levels
- Session Open Jumps – capture opening volatility and gaps
Entries timed for maximum momentum align trades with strong trend flow.
Trade Size Management
Proper position sizing complements precise entries, using:
- Percent Risk Rules – risk fixed percentage of capital per trade
- Volatility-Based – size for estimated move based on ATR
- Multi-Scale – scale in/out across various defined levels
Controlled sizing boosts gains during sustained trends while limiting drawdowns.
Navigating Trends with Active Management
Entering trends is just the beginning. Actively managing open positions is equally essential.
Honor Stop Losses
Predefined stop losses restrict risk, moved to lock profits as the trend rolls forward.
Tailor Take Profit Levels
Set dynamic profit targets based on technicals, adjusting for market conditions.
Use Alerts Judiciously
Stay alert to opportunities without obsession – set notifications for key moments.
Adjust for Volatility
Account for accelerating or decelerating swings by adapting stops and targets accordingly.
Responding decisively to shifting trends while trading is the hallmark of an elite trader.
Conclusion
Mastering advanced trend following strategies involves skillfully blending multiple analytic approaches, strategic planning, and flawless execution. Fundamental analysis first identifies the macro backdrop.
Technical analysis subsequently spots emerging micro trends within that environment. optimal entries and active management then convert high-probability trends into realized P&L.
While challenging, dedicating yourself to continual improvement applying these principles can propel your exchange trading to new heights.