Hi,
This trading system is based on the fact that more than 75% of retail traders loose money on the FX.
So, if a majority of traders go long on one currency pair, eu, gu or uj, for instance, wouldn't it means that the considered pair would go the other way?
Currently, we can see on this page: http://www.forexfactory.com/trades.php the proportion of traders who are long or short on some currency pairs.
eu: 33% 136 traders long & 271 traders 67% short
gu: 36% 70 traders long& 126 traders 64% short
uj: 67% 104 traders long & 52 traders 33% short
This would give a biais for each pair:
eu: go long,
gu: go long,
uj; go short.
This a tool which is used by a broker (a big one). They have a lot more traders for their statistics, and is only available for clients, but the idez stands. And here, this may be applied given the information in "Positions / Live Accounts".
Don"t blame me if ou loose money with this strategy, I personnaly use this indicator for my position. I publish this post just for a pirpose of study
The basic hypothesis:
must have enough traders to beleive the numbers,
doesn't work for day trading, and low goals, I expect at leats 100 pips for each trade (with a stop generaly around -60, -80 pips)
Cheers,
Henri
Remember that the best way to win on the FX is possible if never open an account
This trading system is based on the fact that more than 75% of retail traders loose money on the FX.
So, if a majority of traders go long on one currency pair, eu, gu or uj, for instance, wouldn't it means that the considered pair would go the other way?
Currently, we can see on this page: http://www.forexfactory.com/trades.php the proportion of traders who are long or short on some currency pairs.
eu: 33% 136 traders long & 271 traders 67% short
gu: 36% 70 traders long& 126 traders 64% short
uj: 67% 104 traders long & 52 traders 33% short
This would give a biais for each pair:
eu: go long,
gu: go long,
uj; go short.
This a tool which is used by a broker (a big one). They have a lot more traders for their statistics, and is only available for clients, but the idez stands. And here, this may be applied given the information in "Positions / Live Accounts".
Don"t blame me if ou loose money with this strategy, I personnaly use this indicator for my position. I publish this post just for a pirpose of study
The basic hypothesis:
must have enough traders to beleive the numbers,
doesn't work for day trading, and low goals, I expect at leats 100 pips for each trade (with a stop generaly around -60, -80 pips)
Cheers,
Henri
Remember that the best way to win on the FX is possible if never open an account