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Daily FX Retail Trader Contrarian Analysis 15th Oct

Submitted by Pivotfarm on 10/15/2010 02:43 -0400

This daily report is designed to help traders find opportunities to trade against this group. The premise is very simple we are looking for 66% of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair.

The pairs that we feel offer the highest opportunity for success are described in the Shortand Long Zones.

What’s New Today? Ratios in the EUR/USD seem to be edging towards parity. Other than that no major changes, keep shorting that USD/JPY!

Provided by Pivotfarm - The Home of Support and Resistance Trading

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