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Trade Against The 90% That Lose Money 10th Dec
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? No Major changes or shifts, EURUSD bias is edging closer to the long zone.
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I'm glad to see real data here and not just Doomer porn. Thanks for keeping this site at least superficially about investing.
The USDJPY may have completed a 50% retracement from the previous move higher. A violent move to the upside from here could be in the cards, or the pair may churn at this level for weeks.
Only the US ten-year knows for sure. If the 10-year yields ramp from here, the next upside target for the pair is 86...and it's gonna move fast!
Best of luck trading!
:D
Well, which one is it? Do the retailer traders predictably bet the counter-trend, or do they predictably chase momentum? I hear both criticisms constantly. I see now they're also bad at picking tops and bottoms, and perhaps middles as well. Thanks for the tip.
boooooooooooooooooring