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This thread will be dedicated to Sentiment Traders Analysis provided by my home made Indicator.
This strategy doesn't work all the time especially if you don't make proper analysis. Until August, i will show many examples on how to use this strategy in profitable way. Also, this strategy isn't suitable for every traders. I love it because it suits my personality. (being contrarian, I usually don't think like the herd not only on trading, this is my point) That's why I give 3 months course. First you see if you get interest on this trading style, if so, then you can try yourself at home for 4 months.
A picture is a worth of thousand words
How to get the Indicator?.... Free Campaign*:
Started on the 16th August 2016
Ends on the 31 December 2016
*The rule has changed to be able to try the Indicator for some reasons I won't explain here.
Only 50 copies will be available.
You have to explain why you are interested in this strategy.
You have to send your MT4 Login (demo or live) + email to receive your personal copy on PM here or Fb or My blog
In case you want to buy the Indi after the free trial, I won't sell it to you if you haven't posted at least 2 posts to explain how you took signals from Indi.
Download Sentiment Traders Indi
Not available yet... Please be patient
You can already subscribe to the thread and go back in september
Introduction about Sentiment Traders
This is an opportunity for you to trade and discover a trading style that can suit your own personality. Each traders trade his own way, until he found something new he could add to his arsenal. Sentiment Traders as it is used, is viewed as contrarian style. I use to call it "TAC" Trading Against the Crowd. When retail traders are massively on one side of the market, then we trade the opposite way. This tactic isn't new in fx world and many have tried it before. They conclude it fails... for one simple reason. That's because the crowd isn't always wrong. They are right when market is ranging. Market goes up near the top of the range, so traders getting Short. Market drops and they took advantage of the market. Obviously, if you decide to go against the crowd at this step, and you go Long. Well the crowd was right and you are wrong.
Sometimes, market is designing a new trend... and retail don't identify the move. (No one knows in fact, if market will break or range again). When market breaks and crowd goes againt market direction... Here we go, we want to be contrarian.
There is no holy grail, only good trading decisions... If you think this strategy works all the time, you are going to be disappointed. I'm going to show you it doesn't work. But if we analyse correctly the market, we can avoid bad signals. (See below)
Crowd is right when market ranges...
What is the value of the Indicator related to the Sentiment Traders Analysis?
You can find many sources that provides Sentiment Traders... one the best source is surely from MyFxbook for a simple reason: Data collected from live accounts are all over the world and it doesn't belong to a single broker. Therefore, the representation of the crowd is more reliable.
Let's have a look at live data:
In order to make a good trading decision, looking at live data is clearly not enough, as we don't know what happened just before. It can only indicates trend.
On EurUsd, now 70% traders are short and so without looking at chart, if i had to guess the trend... I would say market is bullish:
Indeed, we notice the market is going up while retail traders are short... but to make good analysis, we need to check what happened on the past... and how fast the crowd is reacting to price movement.
The main advantage of the Indi is that it displays past crowd action. While studying historical data, we are looking for a sudden switch into sentiment while market changes direction in a violent way. We have to measure this switch... and this is exactly when we have to enter againt the majority. We also want to be on the market maker side.
Analysis / Live Signals:
I will post myself (or you can post here too) live trade opportunities and I will explain why and when I enter a position. So, next post will be realtime signal. If you see it live, you can replicate the trade on your side if you rely on my analysis. I should be right most of the time as the crowd is usually wrong in some specific cases that we are going to study.
After the 3 months course, I will post summary of my manual trades.
June: +993 pips
July: +1341 pips (2 trades in progress)
August: (I forgot the screenshot : )
First educational case
Well, I'm sure it is important first to show how to use the Indi before I release it, otherwise some of you will trade with it directly on their own style and they will say it doesn't work. I repeat. There is nothing magic into this strategy. Crowd isn't always wrong. If we don't filter trades in a smart way, we will get too many loser trades!
Let's see what happened on GbpJpy since last week: (first week of June)
By the way this signal was issued live based on another strategy [ Here ] (Free campaign in progress... Download M-W Pattern Indi)
We clearly see that Crowd is constantly on the wrong side of the market. Market rises, traders short... finally market start to decline, traders are Long. From Sentiment switching point, buyers started to be greater than sellers, market dropped another 800 pips !
I may talk and present signals from another Sentiment Traders Indi called Index Crowd when i will post live signals. The reason I start the free campaign on Sentiment traders it's because I'm at least one Indicator ahead. At some point, all my Indi will be part of a free campaign, stay tuned!
Do not guess that the sentiment is going to switch side... Don't take trade ahead such analysis.
- An example [ Here ]
Hopefuly, during the 3 months (June to August), some opportunities will show up again. I would like to tell you why and when, I start to trade on the crowd side !!!
- First case [ Here ]
What about Automated Strategy?
I created a lot of EA and they all blow out the demo account in couple of weeks until I created TAC EA. The demo account is alive almost since 2 years now. This is already an achievement, that's why I'm sure this strategy could be profitable by optimizing, filtring trades. I'm still investigating this way. I have released the version 3 recently (June 2016). Now the EA will enter twice the standard lotsize for the most unbalanced pair. Hoping the crowd is wrong
By the way you can follow realtime trades issued from this strategy to help you while you are testing yourself the strategy by:
- Twitter [ Here ] Already existing over 1 year (230 followers)
- Email: Register free [ Here ] Already existing over 1 year (100+ subscribers)
- Tracking System [ Here ] to view opened trades
Ressources on Sentiment Traders
- You can read interesting thread from Apiga [ Here ] At least Introduction Post
- More examples can be studied on my blog [ Here ]
- I will try to add more for you.