I checked it out, it shows the percentage of long and short positions of their customers in each pair. Here is what surprised me.
We've all heard ad nauseasm the 95% traders that lose. So I figured that whatever direction(long or short) is in the majority percentage would be the direction to avoid. WRONG. I discovered that the majority percentage is the direction where it trends.
So to conclude:
1. either the 95% "fact" is not very accurate or
2. despite being in the right direction of the general trend, the majority loses.
Any other ideas?
P.S I don't use any of this as an indicator of any sort, neither should you, cuz it ain't UBS order flow
We've all heard ad nauseasm the 95% traders that lose. So I figured that whatever direction(long or short) is in the majority percentage would be the direction to avoid. WRONG. I discovered that the majority percentage is the direction where it trends.
So to conclude:
1. either the 95% "fact" is not very accurate or
2. despite being in the right direction of the general trend, the majority loses.
Any other ideas?
P.S I don't use any of this as an indicator of any sort, neither should you, cuz it ain't UBS order flow