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Stop Hunting using Sentiment and Market Structure

  • #221
  • Sep 11, 2019 11:09pm Sep 11, 2019 11:09pm
Quoting Xxyy
@SentiFX Thanks a lot for starting this amazing thread! There are a lot of valuable information in this thread. I'm very interested in this topic and looking forward to learning more from you.

Thank you for being part of it Xxyy
  • #222
  • Sep 12, 2019 12:19am Sep 12, 2019 12:19am
Hi Senti

How often is the data refreshed ?

How often would you look at the chart to identify strong buys/sells ?

Would you investigate the charts when it reached the >75% buy/sell or as it moves towards it ?

Once a chart is in the zone - what time frames would you start to identify market structures ?

Sorry for the list of (initial) questions

Thanks
  • #223
  • Sep 12, 2019 2:18am Sep 12, 2019 2:18am
Is this indicator for retail sentiment cover 100% market? How to get it for live updates?
  • #224
  • Sep 12, 2019 2:22am Sep 12, 2019 2:22am
Quoting Kkptra
Is this indicator for retail sentiment cover 100% market? How to get it for live updates?
Here you will find your answers
www.sentifx.com
  • #225
  • Sep 12, 2019 2:37am Sep 12, 2019 2:37am
Quoting SentiFX
Hint. Look familiar? Wait, did I just buy the stops of the prior 3 candles? {image}
You are buying UJ as your tool is showing a strong buy retail sentiment.

I'm a bit confused.
Aren't we supposed to do the opposite of the 90% retail traders that looses?
We should be trading in the opposite direction of your indicator.
If it says buy we need to sell and vice-versa otherwise we are just copying the same trades of retail traders.
  • #226
  • Edited 6:34am Sep 12, 2019 2:45am | Edited 6:34am
Quoting Merka
{quote} Here you will find your answers www.sentifx.com
Hi, thanks for the reply. I have send msg on website and there is no email contact available. My email address is { email address deleted by staff }. I have been working on market manipulation concept for long time... I am missing a tool which can tell me about real overall retail sentiment i can achieve 90-95 % success rate if i get real data i am sure... Can you help me go get the details about sentiment tool.
  • #227
  • Sep 12, 2019 2:50am Sep 12, 2019 2:50am
Quoting Merka
{quote} You are buying UJ as your tool is showing a strong buy retail sentiment. I'm a bit confused. Aren't we supposed to do the opposite of the 90% retail traders that looses? We should be trading in the opposite direction of your indicator. If it says buy we need to sell and vice-versa otherwise we are just copying the same trades of retail traders.
In Post 198, SentiFX mentioned that "Remember - This chart is already INVERTED so that we do not have to think about how retail is positioned."
  • #228
  • Sep 12, 2019 3:10am Sep 12, 2019 3:10am
Quoting Xxyy
{quote} In Post 198, SentiFX mentioned that "Remember - This chart is already INVERTED so that we do not have to think about how retail is positioned."
I missed that.
Thanks
  • #229
  • Sep 12, 2019 3:14am Sep 12, 2019 3:14am
Quoting Kkptra
{quote} Hi, thanks for the reply. I have send msg on website and there is no email contact available. My email address is [email protected]. I have been working on market manipulation concept for long time... I am missing a tool which can tell me about real overall retail sentiment i can achieve 90-95 % success rate if i get real data i am sure... Can you help me go get the details about sentiment tool.
Just leave your name and email and someone will get in touch with you.

And just to be clear, I'm not in anyway related to that website.
Cheers
  • #230
  • Sep 12, 2019 3:45am Sep 12, 2019 3:45am
Quoting Merka
{quote} Just leave your name and email and someone will get in touch with you. And just to be clear, I'm not in anyway related to that website. Cheers
This thread will need to be moved to commercial now I think, there is too much advertising going on and it isn't fair on others.
Time for SentiFx to come clean.....................
It never gets easier, you just get better
  • #231
  • Sep 12, 2019 4:37am Sep 12, 2019 4:37am
nice sellout weirdchamp
  • #232
  • Sep 12, 2019 6:26am Sep 12, 2019 6:26am
Quoting Pervaz
Hi Senti How often is the data refreshed ? How often would you look at the chart to identify strong buys/sells ? Would you investigate the charts when it reached the >75% buy/sell or as it moves towards it ? Once a chart is in the zone - what time frames would you start to identify market structures ? Sorry for the list of (initial) questions Thanks
Data is refresed every 10 min.

I check every few hours to see what is changing and how retail is repositioned.

Are they getting more long or short? How fast?

>75% catches my eye especially if it is a fresh entry into the zone. There are a few setups that I really like and are the bread and butter.

Then I check currency strength at the higher timeframes to make sure that currency is gaining momentum over various baskets.

Then I pull up 1 Hour charts for the currency that is of interest and place limit orders at areas of interest based on my understanding of market structure, trading psychology anf order flow. Set stops and targets and leave it alone.

I check back at key times of day to see if anything happened.
  • #233
  • Sep 12, 2019 8:01am Sep 12, 2019 8:01am
Current Sentiment Snapshot.

USDJPY looked scary on the charts and was below my first scale in. Added at 107.54 and have 1 more limit order waiting at 107.19.

Am I freaked out and closing my position? No. Was I "adding to a loser?" no. These orders were preset when I entered my first position yesterday.

Can it get to levels that I will exit? Yes. If sentiment shifts will I exit? Yes.

Otherwise - I stick to the plan.

USDJPY sentiment is still showing strong BUY. Retail is looking at the USDJPY chart thinking it's going to zero. Until that changes - I'm Buying key points where they will be selling.
Attached Image (click to enlarge)
Click to Enlarge Name: sentiment20190912.png Size: 94 KB
  • #234
  • Sep 12, 2019 9:13am Sep 12, 2019 9:13am
Quoting SentiFX
Current Sentiment Snapshot. USDJPY looked scary on the charts and was below my first scale in. Added at 107.54 and have 1 more limit order waiting at 107.19. Am I freaked out and closing my position? No. Was I "adding to a loser?" no. These orders were preset when I entered my first position yesterday. Can it get to levels that I will exit? Yes. If sentiment shifts will I exit? Yes. Otherwise - I stick to the plan. USDJPY sentiment is still showing strong BUY. Retail is looking at the USDJPY chart thinking it's going to zero. Until that changes...
Let's see how will goes
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190912_151118.jpg Size: 280 KB
  • #235
  • Sep 12, 2019 11:01am Sep 12, 2019 11:01am
Aiming to take a big chunk off at 108.12 and let rest ride to 108.35.

I scaled in at the scariest time to get in. I had a valid reason based on Sentiment and the Natural Order of Market Structure.

My Third order didn't fill but the 2 that I am in are in good healthy profit.

Let's see what happens.
  • #236
  • Sep 12, 2019 12:38pm Sep 12, 2019 12:38pm
I don't like the way price is stalling at the swing close.

Either there is a lot of absorption going on there (they plan on trapping longs and taking price lower) or it is a trap for supply demand traders before the pop up to liquidity.

Since we cant see the actual limit orders like banks, mm's, and brokers... there is no way to know which one will play out here.

Either way - Moving the trade to break even + a few pips. Worse case, make a few points. Best case, targets get hit.
  • #237
  • Sep 12, 2019 12:43pm Sep 12, 2019 12:43pm
You may be wondering...

Why not just close out here for profit?

Because the most likely game here is to trap more retail sellers then push price up into liquidity.

But since either could happen and a new structure low would change orderflow.... breakeven + pips is a good option here while still giving the trade room to play out.
  • #238
  • Sep 12, 2019 1:36pm Sep 12, 2019 1:36pm
First target hit.

I will mark up a chart later if that will help?
  • #239
  • Edited 6:21pm Sep 12, 2019 5:45pm | Edited 6:21pm
Forex Factory (admins) moved this thread to Trading Journals. No reason given.

Who do I need to talk with?
  • #240
  • Sep 12, 2019 6:23pm Sep 12, 2019 6:23pm
Does it matter? we can still carry on with it the same if we know where it is.
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