Daily FX Retail Trader Contrarian Analysis 21st Oct

Made some tweaks to the anti-retail trader tool, do let us know what you think.

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

So what are the signals?

Strong Short 66% Retail Longs

Short 60% Retail Longs

Long 60% Retail Shorts

Strong Long 66% Retail Shorts

We are looking for 60%+ (Ideally for best opportunities 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 Strong Short and Strong Long areas.

What’s New Today? Big shifts in the retail positioning after yesterdays session, EURUSD is continuing to firm to the long side. USDJPY longs have hit an astronomical 82.33%!

Provided by Pivotfarm - The Home of Support and Resistance Trading

Comments

[French Frog]

Could you maybe add some indices (Dow, S&P, Dax, FT) and a few commodities (Gold, Crude Oil) please (or at least one of each)? Tia

[Pivotfarm]

would love to. but cant get this information for indices, only fx as far as im aware.

would be great!

[iota]

I always do my checks for the day then come look at this out of curiosity. Like the new format.