Disliked{quote} I agree 100%. I find the interaction is more to break boredom, not financially beneficial.Ignored
- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.
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Trading against the majority 44 replies
Disliked{quote} I agree 100%. I find the interaction is more to break boredom, not financially beneficial.Ignored
DislikedClient sentiment is available on various sites. One can compare it across multiple brokers to confirm. IG Client sentiment for example July 4: GBPUSD: Retail trader data shows 78.9% of traders are net-long with the ratio of traders long to short at 3.74 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.29202; price has moved 2.6% lower since then. The number of traders net-long is 5.0% higher than yesterday and 18.0% higher from last week, while the number of traders net-short is 9.6% lower than yesterday and 25.6%...Ignored
DislikedMrgreen, Would you suggest some other sources for this info other than this site? Thank you for any shared.Ignored
DislikedThe herd's positioning is usually a decent confirming indicator although the few times when they are right can certainly sow doubt in the mind of the trader using an un-trusted system. A theory that needs testing: Even better than trading against the gen pop is trading against the 'sell-side' industry experts as they seem to be worse than random. I hesitate to say intentionally misleading, but I don't have any other hypothesis. Here is an early examination of FXStreet's 'selected leading experts'. It was more interesting when they broke this poll...Ignored
DislikedThe herd's positioning is usually a decent confirming indicator although the few times when they are right can certainly sow doubt in the mind of the trader using an un-trusted system. A theory that needs testing: Even better than trading against the gen pop is trading against the 'sell-side' industry experts as they seem to be worse than random. I hesitate to say intentionally misleading, but I don't have any other hypothesis. Here is an early examination of FXStreet's 'selected leading experts'. It was more interesting when they broke this poll...Ignored
DislikedCurrently USDCHF's sentiment is near zero (51 short, 49 long)and at current price it is near a very good S/R level. The OP says as soon as it passes 0 go against the herd, in this case I guess we are buying then. What would you do? Buy or sell? What other indicator do u use that tells you to buy this?Ignored
Disliked{quote} Personally, I only watch GBPUSD as it's the only pair I trade.Ignored
Disliked{quote} GBPUSD hasn't been 50/50 since May 7. If you go by this method, I guess you are a long term trader.Ignored
Disliked{quote} Some risk taker will sneak in and take some {image} That gray dot look familiar to youIgnored
Disliked{quote} quote=Ill-b-back;12369093]{quote} That I am, but I don't use this method on my account, this is an experiment based on my observations over the years. I do like to see 65+% long when I am short thoughIgnored