... another pointless day where I accomplish nothing.
2) Determining the trend change (when 90% of traders have loosing positions then may be the market is about to reverse)
Since this is OandA statistics and as was mentioned above is mostly small traders. We know that over 90% of them lose money in the forex market. So if 90% of these people are in a losing trade. Logically, this means there will be no reversal.
If the little guy was winning its time to change our position. Of course this will never happen
A truly wise man, always has more questions than answers.
- #9
- Apr 27, 2006 11:49pm Apr 27, 2006 11:49pm
This quote puzzles me.
Since this is OandA statistics and as was mentioned above is mostly small traders. We know that over 90% of them lose money in the forex market. So if 90% of these people are in a losing trade. Logically, this means there will be no reversal.
If the little guy was winning its time to change our position. Of course this will never happen
My reasoning: 90% is loosing at the moment, that is a " beginning of reversal area" because when 100% is loosing then who is winning?
Even those small guys, at least a couple of them must win something
... another pointless day where I accomplish nothing.
- #14
- Apr 28, 2006 7:16am Apr 28, 2006 7:16am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
Hmm, now I am puzzeled
My reasoning: 90% is loosing at the moment, that is a " beginning of reversal area" because when 100% is loosing then who is winning?
Even those small guys, at least a couple of them must win something
These professionals want your money These are the people you want to follow.I am not saying that the Information you're presenting is worthless.To the contrary But the sooner you realize there are sharks out there Who create most of the volume on the forex market.As they are big players.The better you will be.
In my opinion And this is only my Two cents Before a currency like the US/CAD {{take a look at the open positions at O&A}} Can find a bottom and reverse You will need a shakeout.
You need it to drop hard and fast So the little guy loses the rest of his money.It will look like a breakout People will start shorting.The market But in reality The sharks the smart money.Have now switched position and are ready to kill the little guy again.
You're right it's not a pretty picture But understanding this has done wonders for my trading
A truly wise man, always has more questions than answers.
- #17
- Apr 28, 2006 9:15am Apr 28, 2006 9:15am
Who is winning As my friend Lou Was kind enough to point you into the direction of the smart money.That is who is winning.
These professionals want your money These are the people you want to follow.I am not saying that the Information you're presenting is worthless.To the contrary But the sooner you realize there are sharks out there Who create most of the volume on the forex market.As they are big players.The better you will be.
In my opinion And this is only my Two cents Before a currency like the US/CAD {{take a look at the open positions at O&A}} Can find a bottom and reverse You will need a shakeout.
You need it to drop hard and fast So the little guy loses the rest of his money.It will look like a breakout People will start shorting.The market But in reality The sharks the smart money.Have now switched position and are ready to kill the little guy again.
You're right it's not a pretty picture But understanding this has done wonders for my trading
Based on it and on your old freind picture it looks like "small" as well "large" traders are loosers. And only "commercials" win. And those winners basically most of the time trade against the trend?
... another pointless day where I accomplish nothing.
