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  • #481
  • May 21, 2021 7:48am May 21, 2021 7:48am
Quoting snail69
{quote} {file}{file}
These do not seem to work on my mt4 platform
  • #482
  • May 21, 2021 7:55am May 21, 2021 7:55am
Quoting Rafaz1
{quote} These do not seem to work on my mt4 platform
I am on MT4. Those are Fibonacci retracements
Attached Image
  • #483
  • May 21, 2021 8:06am May 21, 2021 8:06am
Quoting nikosk0
{quote} first forget to set tp then eu was trigered by mistake. lady luck is on your side these days!!! am also in eu sort, took 70% out, letting the rest run swing ps. retail traders are still mostly sort on EU but today they started closing their sorts and open longs. maybe its time for big drop. it is a fairly new concept i am trying to adapt too. been thinking it since i started a year ago but only now i found a way to actually read it, remains to understand it, so take my info with a pinch of salt
Here is a great tool from Dukascopy. Not sure which broker data you are using for sentiment.

https://www.dukascopy.com/swiss/engl...tch/sentiment/
  • #484
  • May 21, 2021 8:06am May 21, 2021 8:06am
Quoting nikosk0
{quote} first forget to set tp then eu was trigered by mistake. lady luck is on your side these days!!! am also in eu sort, took 70% out, letting the rest run swing ps. retail traders are still mostly sort on EU but today they started closing their sorts and open longs. maybe its time for big drop. it is a fairly new concept i am trying to adapt too. been thinking it since i started a year ago but only now i found a way to actually read it, remains to understand it, so take my info with a pinch of salt
you remember the TP incident.. I tell you, lucky days. Whenever i get this such a streak of luck, it is usually followed by even greater pain. I'm going to have to close up shop early for today.

I'm looking at IG broker client sentiments and it seems clients are net short.

Quoting hoaibacforex
Currently I am also using this method to make money from forex and cryptocurrencies
Just checked your website.. Don't speak nor understand your language but the charts look good, I think i took that CADCHF trade the other day too. Big ups.
  • #485
  • May 21, 2021 8:09am May 21, 2021 8:09am
Quoting pipmaster77
{quote} Here is a great tool from Dukascopy. Not sure which broker data you are using for sentiment. https://www.dukascopy.com/swiss/engl...tch/sentiment/
thankls, i also use duk as well as another few of the for a total of 10 different sentiments

saxo oanda myfxbook forex factory ig
among others

below 1m EU structure identification (wait for the retest if it happens do not enter blindly)
bassically its friday afternoon, dont take any more trades. enough trades for this week
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offering my system to copy trade. check my link
  • #486
  • May 21, 2021 8:29am May 21, 2021 8:29am
Quoting Koop
{quote} you remember the TP incident.. I tell you, lucky days. Whenever i get this such a streak of luck, it is usually followed by even greater pain. I'm going to have to close up shop early for today. I'm looking at IG broker client sentiments and it seems clients are net short. {quote} Just checked your website.. Don't speak nor understand your language but the charts look good, I think i took that CADCHF trade the other day too. Big ups.
Koop I wish I am wrong about today btw.

Oh beware of the IG broker client sentiments. I was fooled by it when trading GU earlier this year... I wanted to go long 12 Apr but I saw majority of clients there are long so I didn't... turns out that was the bottom of this wave
  • #487
  • Edited 8:52am May 21, 2021 8:30am | Edited 8:52am
9:30 am in NY and GU started to rise instantly.... up to the sky.....; fake move
  • #488
  • May 21, 2021 8:39am May 21, 2021 8:39am
Quoting MaryAnne
{quote} Koop I wish I am wrong about today btw. Oh beware of the IG broker client sentiments. I was fooled by it when trading GU earlier this year... I wanted to go long 12 Apr but I saw majority of clients there are long so I didn't... turns out that was the bottom of this wave
Yes, stock market opened. US30 up 100+ in 5 minutes. Meant to quote snail.
  • #489
  • May 21, 2021 9:15am May 21, 2021 9:15am
Quoting MaryAnne
{quote} Koop I wish I am wrong about today btw. Oh beware of the IG broker client sentiments. I was fooled by it when trading GU earlier this year... I wanted to go long 12 Apr but I saw majority of clients there are long so I didn't... turns out that was the bottom of this wave
its not that. all brokers that i check had the same issue on the reversal spots.

sentiment is correct from time to time but u cant trade with sentiment alone.

cant remember if i said that here or another thread but on todays high sentiment was more long than it was on the 3 days ago high. they begin to go long. so that is why this might be a reversal spot. call it an divergence if you like. (see image below)

still experimntal thought process tho, i need months to actually trade it accuratelly.

btw sentiment on eu is still rising on 15m. further drop propably?
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offering my system to copy trade. check my link
  • #490
  • May 21, 2021 9:16am May 21, 2021 9:16am
Quoting MaryAnne
{quote} Koop I wish I am wrong about today btw. Oh beware of the IG broker client sentiments. I was fooled by it when trading GU earlier this year... I wanted to go long 12 Apr but I saw majority of clients there are long so I didn't... turns out that was the bottom of this wave
Nah Lol, i'm not trading using the sentiments, at least not yet. That's Nik's realm.
  • #491
  • May 21, 2021 9:40am May 21, 2021 9:40am
Quoting Koop
{quote} Nah Lol, i'm not trading using the sentiments, at least not yet. That's Nik's realm.
Quoting nikosk0
{quote} its not that. all brokers that i check had the same issue on the reversal spots. sentiment is correct from time to time but u cant trade with sentiment alone. cant remember if i said that here or another thread but on todays high sentiment was more long than it was on the 3 days ago high. they begin to go long. so that is why this might be a reversal spot.{image}
I looked at sentiment to help me confirm my TA which said to buy but the sentiment said most retail where already stuck in longs from 1.38 (and still buying) so I didn't... so yes it can be very distracting and an obstacle for trading. In the end I found out IG only had around 80k clients worldwide so perhaps that is not representative enough tho sometimes it does work like you said.

I also checked another local broker - it splits into all clients vs top clients. And guess what? Top clients been bearish crude since 59 all the way till 67... even until now I find it weird haha. I just look at it from time to time for fun now.

ps: btw according to local broker here, most 'top clients' buying eurusd while 'all clients' are majority selling it.
  • #492
  • May 21, 2021 9:56am May 21, 2021 9:56am
Quoting MaryAnne
{quote} {quote} I looked at sentiment to help me confirm my TA which said to buy but the sentiment said most retail where already stuck in longs from 1.38 (and still buying) so I didn't... so yes it can be very distracting and an obstacle for trading. In the end I found out IG only had around 80k clients worldwide so perhaps that is not representative enough tho sometimes it does work like you said. I also checked another local broker - it splits into all clients vs top clients. And guess what? Top clients been bearish crude since 59 all the way...
reasons why i use all the brokers i can find, big or small and look at the big picture.

try it
offering my system to copy trade. check my link
  • #493
  • May 21, 2021 10:05am May 21, 2021 10:05am
Quoting nikosk0
{quote} reasons why i use all the brokers i can find, big or small and look at the big picture. try it
I did try it but they are often wrong at turning points... and when 1 or 2 broker gives reverse signal of the others... well no idea which one has more valid signal.
  • #494
  • May 21, 2021 10:10am May 21, 2021 10:10am
Quoting MaryAnne
{quote} {quote} I looked at sentiment to help me confirm my TA which said to buy but the sentiment said most retail where already stuck in longs from 1.38 (and still buying) so I didn't... so yes it can be very distracting and an obstacle for trading. In the end I found out IG only had around 80k clients worldwide so perhaps that is not representative enough tho sometimes it does work like you said. I also checked another local broker - it splits into all clients vs top clients. And guess what? Top clients been bearish crude since 59 all the way...
Also, keep in mind, if you are using a MM broker, and part of that model is B-booking...what stops them from skewing the data. They will do whatever it takes to get you on the wrong side. TRUST NOBODY!!! lol
  • #495
  • May 21, 2021 10:21am May 21, 2021 10:21am
Quoting MaryAnne
{quote} I did try it but they are often wrong at turning points... and when 1 or 2 broker gives reverse signal of the others... well no idea which one has more valid signal.
use the average %

i also believe you are using the sentiment wrong.
its not ment for reversals, but for continuation, and not as a a signal but as a bias. i just happened to spot somehting that may or may not be used for reversals
offering my system to copy trade. check my link
  • #496
  • May 21, 2021 10:43am May 21, 2021 10:43am
Quoting nikosk0
{quote} use the average % i also believe you are using the sentiment wrong. its not ment for reversals, but for continuation, and not as a a signal but as a bias. i just happened to spot somehting that may or may not be used for reversals
Right, I trade weekly pivots and I use sentiment for confirmation mostly. For example, if I'm looking for a reversal say on a 61 or 78 pivot, but PA and sentiment say otherwise, it will either a. keep me out of a bad trade or b. I'll go with the PA to the next potential reversal point.
  • #497
  • May 21, 2021 11:04am May 21, 2021 11:04am
Quoting pipmaster77
{quote} Also, keep in mind, if you are using a MM broker, and part of that model is B-booking...what stops them from skewing the data. They will do whatever it takes to get you on the wrong side. TRUST NOBODY!!! lol
I thought of that too especially since I found some of them used to work v well before 2020. I am also suspecting the data could be 'manipulated' to get us on the wrong side.

Quoting nikosk0
{quote} use the average % i also believe you are using the sentiment wrong. its not ment for reversals, but for continuation, and not as a a signal but as a bias. i just happened to spot somehting that may or may not be used for reversals
On 12 Apr when GU made bottom, what signal did the sentiments there flash? Mine was showing me retail been bagholders since 1.38 (and averaging in longs and was 65-70% all in longs and fresh ones added) so yes there was no way to tell that was reversal point - tho I did read too that retail can be right at turning points. In fact, one wld have taken it as continuation point for more drop? Btw what you are doing is interesting. I'll compare the brokers here with yours.
  • #498
  • May 21, 2021 11:15am May 21, 2021 11:15am
Quoting pipmaster77
{quote} Here is a great tool from Dukascopy. Not sure which broker data you are using for sentiment. https://www.dukascopy.com/swiss/engl...tch/sentiment/

Just compared with local broker. About the same sentiments for category 'all clients' here. Some of the top clients positioning are against that tho so let's see
  • #499
  • May 21, 2021 11:16am May 21, 2021 11:16am
Quoting MaryAnne
{quote} I thought of that too especially since I found some of them used to work v well before 2020. I am also suspecting the data could be 'manipulated' to get us on the wrong side. {quote} On 12 Apr when GU made bottom, what signal did the sentiments there flash? Mine was showing me retail been bagholders since 1.38 (and averaging in longs and was 65-70% all in longs and fresh ones added) so yes there was no way to tell that was reversal point - tho I did read too that retail can be right at turning points. In fact, one wld have...
What I like about Dukas is it provides latest, 6 hours ago, 1 day ago and 5 days ago, so you can see the shift (if any) as well. Yes, using multiple brokers definitely the way to go.
  • #500
  • May 21, 2021 11:36am May 21, 2021 11:36am
Quoting nikosk0
{quote} use the average % i also believe you are using the sentiment wrong. its not ment for reversals, but for continuation, and not as a a signal but as a bias. i just happened to spot somehting that may or may not be used for reversals
nikosko, how about using sentiment for closing wrong trade, i think we could get the confluence of multiple signals like reversal pinbar, volume, etc along with sentiment
That just my recent idea, still learning sentiment to improve my trade
Ps: This week i ve got 3 breakeven i cant believe it, market structure to me still a mess
Nothing to learn here
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