sentiment of traders at Oanda and FXCM | Forex Factory

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sentiment of traders at Oanda and FXCM

  • #1
  • First Post: Jun 3, 2006 9:15am Jun 3, 2006 9:15am
Both Oanda and FXCM publish on their sites something that you could describe as the sentiment of their traders:

http://fxtrade.oanda.com/resources/trastats/ratios.png


http://www.dailyfx.com/export/sites/...i_6_1_06_1.gif

What suprises me, is that the values they show are completely different. Oanda shows traders who are mainly short at the EURUSD, while at FXCM they seems to be mainly long. Also the USDJPY show different values, one short, one long.

So I wonder, what is going on. Do I misunderstand both pictures?
  • #2
  • Jun 3, 2006 10:51am Jun 3, 2006 10:51am
The data they gathered is from their own server I believe. FXCM's trading tip also skew the data because I think many people are following it. It seems to work the way they suggest most of the time unless their is a strong force going against their suggestion.
  • #3
  • Jun 3, 2006 12:27pm Jun 3, 2006 12:27pm
Quoting nitman
The data they gathered is from their own server I believe. FXCM's trading tip also skew the data because I think many people are following it. It seems to work the way they suggest most of the time unless their is a strong force going against their suggestion.
Thanks for your answer. So that could mean that OANDA-traders mainly sell EURUSD and FXCM mainly buy them. Assuming that a lot of OANDA-traders follow the trend of they fellow-traders.
  • #4
  • Jun 5, 2006 6:12am Jun 5, 2006 6:12am
More position traders at Oanda who don't cut an interest positive but losing trade, carry traders, gridders, poolers, averagers. The winning longs are there too but they just trade the upside move and get out. Most of the danglers are probably quite small trades which is not reflected in the pic.

A chart which would show closed trades in relative to size would most probably be much different.
  • #5
  • Jun 5, 2006 3:30pm Jun 5, 2006 3:30pm
in my profile you can find a link to a free tool to extract much more info from OANDA's pictures
... another pointless day where I accomplish nothing.
  • #6
  • Jun 6, 2006 3:55am Jun 6, 2006 3:55am
Quoting alexnn
in my profile you can find a link to a free tool to extract much more info from OANDA's pictures
Thanks! Interesting information.
  • #7
  • Jun 6, 2006 4:00am Jun 6, 2006 4:00am
"Disclaimer: This information is provided to you for entertainment value only. OANDA makes no warranty, express or implied, concerning the Content of these Pages, which are provided "as is". OANDA does not guarantee the accuracy or timeliness of the Content appearing on these Pages. OANDA expressly disclaims all warranties, including but not limited to warranties of fitness for a particular purpose and warranties of satisfactory quality. In no event will OANDA be liable for direct, special, incidental, or consequential damages arising directly or indirectly from the use of (or failure to use) or reliance on the Content. "

The entertainment part was my favorite, wonder what FXCM says about theres
  • #8
  • Jun 6, 2006 4:26am Jun 6, 2006 4:26am
They write:

Quote
Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Forex Capital Markets Ltd. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
  • #9
  • Dec 3, 2006 3:36am Dec 3, 2006 3:36am
"This information is provided to you for entertainment value only."

Oanda is an entertainment provider, apparently, much like the Las Vegas casinos.
  • #10
  • Last Post: Dec 3, 2006 3:42am Dec 3, 2006 3:42am
Quoting itme
Oanda is an entertainment provider, apparently, much like the Las Vegas casinos.
Do not bash Oanda. I'm very happy with them.
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