DislikedItīs no rocket science really, just see http://mechanicalforex.com/2010/09/t...-myfxbook.html The level of AUDUSD shorts / longs is currently 78% short, 22% long. So my long bias absolutely stays, really nothing else to look at than that as it simply works in over 70% of the cases and thatīs absolutely enough to make moneyIgnored
http://fxtrade.oanda.com/analysis/open-position-ratios
Furthermore betting against retail does not necessarily gives edge.If this was true we can all become millionaires in 6months maxing out huge positions.
Lets put it another way the Whale the bank does not even care we retail traders exist. His orders are not dictated by 6% of the market.AS far as price movers we move nothing.
In trading, you have to be defensive and aggressive at the same time