I want to share with you an auction house addon that I’ve really taken a liking to recently.
It’s called Market Watcher, an addon that allows you to track price data on individual items and after you get two scans in it starts to plot a price history graph for you.
Auctioneer may seem superior to this addon, and I agree as Auctioneer tracks ALL item data across every item you’ve ever seen on the auction house. The strength though of market watcher is the fact that you can see a visual display of how an item goes up and down in price during the week which can let you predict when to buy at the lowest price and when to sell for the most profit. I use this addon with WoW Schools techniques to make my most gold an hour.
How To Use Market Watcher
- Download Market Watcher
- Enable the addon then click on the history tab at the bottom of your AH interface and click the Add button at the top left.
- Type in the item name, spell it properly and the icon for the item will show up, click add. Alternatively you can copy the item number from wowhead.com, the item number can be found if you type in an item, and the url will look like http://www.wowhead.com/?item=36906 36906 is the item ID of Icethorn.
- Make sure you click on “Record Scans” now click Add. Repeat steps 2-4 for every item you want to add and have recorded history for.
- You can now gather your first data points, click on the “Scan” tab at the bottom of the AH interface and click Scan. This will quickly go through every item you’ve added and collect data.
- Wait at least 5 hours or the next day and scan again, a graph should now be starting to form and after a week or so you’ll have a graph that looks something like this:
Making Gold With Market Watcher
This tool will now help you become much more informed of how items demand/supply change during the week.
You can use this knowledge in many ways, here’s a few case studies.
Icescale Leg Armor
As you can see the price of icescale leg armor dropped continuously from Thursday to Monday. Suddenly on Tuesday the price show back up to the peak we saw the last Wednesday.
When you put your analytical thinking to work you will realize that server maintenance is on Tuesdays and all the raids reset, this is the best selling day as everyone is logging back on and starting to raid again, thus buffing up their equipment in preparation.
What you would do to make gold is buy up the Icescale Leg Armor between 100g-125g and resell them on the Tuesday – Friday. Sometimes the item may just shoot down in price because tons of supply was suddenly dumped on the AH and you know that the “normal” price is around 175g each.
Titanium Bar
Another way I use Market Watcher is by keeping a close eye on certain markets that I constantly buy/resell in. I have my auctioneer snatch set to buy up Titanium Bars at 60% or below of market price (I buy them around 14g each).
After I do Market Watcher scans I quickly scroll through each item to see if there are any major dips or spikes, during a dip, if it is well below the average, I’ll buy up the item. In this case I know that I have a bunch of Titanium Bars sitting in my bank that I bought for 14g each and the price is currently at a high for the week of 28g so I listed a good amount of my stock (but not flooding the AH) so I could pull in some profit while the price was high.
Add market watcher into your auction house mix and give it a go. If anything it’ll give you a better handle on items you usually buy and sell and might teach you more about your markets.
Use it to make more gold while buying and selling and combine it with WoW Schools techniques to make the most gold.
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