Disliked{quote} IG group owns the website daily fx. So the sentiment you see on there represents what their clients are doing - which reflects only a fraction of the retail market imo. I would only take that data with a pinch of salt. CheersIgnored
A hundred brokers will have different results. We dont even know if the broker is giving their real data in irt or not. No central clearing house. Forex is the wild west.
Someone has to pull the wings off the butterfly.
now if u find something u can make money with, stick with it. Theoretically its a 0 sum game.. shorts=longs. and longs =shorts. the advantage of knowing institutions position is: they are supposed to be the smart money.
its like this oldy but goody E.F. Hutton. Who have since gone out of business.
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those who can, do. those who cant, talk about those who can