Stop Hunting using Sentiment and Market Structure

au/nz 4hr resembles, but not it. i rarely look at anything lower than 1 hr charts. on a side note, i purchased the spreadsheet, and was wondering if today, saturday would be a good time to input data, then on the daily close thereafter? thanks

@thelegend67 - good attempt! This was actually a trick question because it's not a Forex pair. I've been showing traders that Market Structure understanding applies to all markets. I was short 3x leveraged etf the S&P market (using SPXS) and when I saw the NSH, I got out with profit from my short position.

Timeframes are Market behavior are fractal. Meaning you can trade the same way on 10 second, 1 minute, 15 minute, 1H, 4H, Daily, Weekly etc. and you can also use the same trading methods on any market to get in and get out of trades.

The key is always having a reason for a bias combining with Market Structure. I have many reasons for S&P short so any opportunity to go short - I will and any reason to get out - I will.

As far as the Sentiment Analysis Excel Spreadsheet

Yes Saturday or Sunday is a good time to get the "beginning" numbers recorded so that you can see the shifting of retail sentiment throughout the course of the week.

I like to see shifts occur Tues/Wed and see a market structure change. That's usually a great time to get in at the beginning of a move.

I recommend recording the data throughout the week either around the NY close or you can also record the values before you start your trading for the day. The more recent data obviously will be more important so the closer you can record the current positioning closer to your trading session - the better.

Since there is a simplified version of the Sentiment Analysis Tool Built in - you'll see the strong Buy and strong Sell signals when the bubbles enter those zones on the quadrants. Since that tool automatically flips positioning - you don't have to think about it. You see a bubble enter a Strong Buy - look for buying opportunities and vice versa.

Interesting setups happening NOW!

Be on the lookout for the End of Week Analysis before the Market opens tomorrow.

The Forex Analysis is ready... watch below:

thank you once again for the video.

You're very welcome. Hope it helps!

AUD going according to plan. DXY looks like it's breaking down.

Are you ready to pull the trigger? If not, you need to be.

There are Trading Opportunities playing out so be ready to strike.

In the EoWA video that I posted we went over some possibilities for the upcoming week.

Last night I talked about the dollar breaking down and AU heading for those stops above (they are cleared now so that is least attractive).

That path is playing out (USD Short) so be ready for the follow thru.

If you haven't already, check out the video above so you can be prepared to strike.

USDCAD is a great opportunity for the LG fill below.

Hope you made or will make some $$$

Charles

i have a question about the spreadsheet. looking at it right now, i am trying to basket currencies. if i am correct we should be looking for jpy weakness, based on sentiment. along with aud strength and us weakness. perhaps chf weakness. just wanted to see if i am reading the sentiment map correctly. thanks

Show me a screenshot of your values for the beginning period and current and I can tell you what I see.

i made the assessment from the heatmap. thanks

The way to read the heatmap is the base currency (first part of currency) is read on the left side column then the row for the quote currency (second part of currency).

So currently 69% of retail is long USDJPY (which means to consider shorting UJ.... which I am)

AUDUSD only has 24% retail LONG..so retail is mostly short AUDUSD (76% SHORT).... that means you should be looking for buying opportunities for AUDUSD.

The basket analysis setting only affects the chart on the left and Lite Sentiment Analysis Tool and is strictly in reference to USD only.

I'll post basket snapshots from the Sentiment Analysis Tool for different currencies shortly.

Here is a few basket analysis shots from EUR/CAD/AUD/USD for instance.

So to specifically answer your question, it's best to look at individual values when looking at the heatmap...... don't think of it like baskets for cross currencies as that heatmap isn't setup for it.

We want to look at values less than 25 and more than 75 to consider signals.

AUDJPY for instance, retail are only 5% long (which means 95% are shorting).

It was a good trade from the 25% Long to 5% long but now you're getting to the point of risk of reversal as those retail are likely getting stopped out and will switch to long AUDJPY soon... which means..... drumroll....... it will go down.

much appreciated. i was trying to have the spreadsheet do something it wasnt designed to do.

Here is a chart for AUDJPY for instance.

I don't trade the crosses too often and had no idea what the chart looked like.... but I imagined retail getting squeezed with only 5% long.

Meaning I imagined price going long causing max pain.

Look at the arrow from the open area until now..... no surprise.

It's not magic... it's over leveraged retail liquidity.

No worries, you still have a powerful tool! And it's very similar to the exact spreadsheet I used for many years before working with Bob to develop more sophisticated tools.

As you can see, you can easily find edge using just the heat map.

Look for 75% or > or 25% or <

You simply say if retail is 75% or more long, look for shorts.

If retail is 25% or less (long that is) then look for longs.

If they have been at extremes for a couple days or a week - look for reversals.

Rinse... profit.... repeat.

I gave you the roadmap, are you driving through profit?

Sniper. This is how you target with precision.

First - you map your options.

Two - you enter with precision.

Three - you hold to precise targets.

Four - go lambo shopping.

I literally gave you the roadmap and even mentioned when dollar was showing weakness that selling the dollar was the highest probability trade.

If you didn't take any of the trades mentioned in the End of Week Analysis video, I really don't know what to tell you.

UJ hit the target to a tick, I took most off and trailing a bit to see if it can push to second rotation.

EU, GU, UJ, and UC were all great trades.

HUNDREDS of pips captured today.

If you want to change your trading and change your life, join us:

https://sentifx.com/subscribe/

Let me help you succeed in trading,

Charles

Poor Sheeple. Sentiment and Market Profile EU

Notice as the Sheeple were more and more long price moved further and further down.

Then, Retail decided after being stopped out that they would go with the trend.

Retail, started shorting that is. You can tell by the average positioning crossing over and relative sentiment shows shorts being added and longs decreasing.

Well well well.... look what price did?

Every week its the same story. I know it's like a song on repeat.

But this is how the market works.

That's why it's so easy to predict what will happen next with the right tools and understanding of market structure.