I don't think the average trader is part of the herd. Traders may have herd-like qualities (i.e. using indicators that everyone else does) , but the very fact that they are trading forex already puts them in front of the herd. Most folk still don't/won't trade for themselves.
To me , Herd mentality is doing the buy & hold for your 401. Basically praying that the person in front , running the show, is smarter than you are. IMO, anyone that doesn't maintain their 401 holdings are asking for a good fanny whippin'.
Hope all of you were in on the Euro move.
...I think you are overestimating the average newbie, just watch the turnover on ff alone, no offense at all to anyone but its tiring to hear the same old ¨can someone tell me how x method works, I cant be bothered to read the whole thread...¨or the same old questions that have been asked and answered hundreds of times in earlier pages...but anyway who cares at the end of the day, to be honest I dont much anymore...I just want to have a bit of fun while I make some money 
I was short usdchf btw hehe take care, Raz
Never say never.
