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Trade Against The 90% That Lose Money 12th Nov
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? GBPUSD has crept into the long zone, with the EURJPY in the short zone.
Provided by Pivotfarm - Click here to learn about Technical Confluence
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Yeah, this contrarian thinking works great. How did it work when google was $100, then $200, then $300 etc. There is more to being a contrarian than just 'doing the opposite of the average retail investor'.
Read up on Dealer Desk brokers before making any committment to FX trading on line.
there are many so called experts offering to teach you how to beat the "system" or the odds yet few will tell you the big scam of online FX trading.
...or just stick with IBFX. Never go wrong...
How about: short dollar, just to make this "analysis" short.
That's all you're saying.
how does EUR/AUD stand?
Or better yet just buy what the banks buy and short what the banks short?
duh - who is the controller here - it sure as hell ain't us.
Go to the source man - go to the source.
how about the contrarian, contrarian, contrarian approach where you use the average idiot hedge fund as the beta?
Guaranteed returns. Just cont the hedgies guaranteed 30points.
Retail? there's no one left but the machine world.
There are known knowns.These are things we know that we know.
There are known unknowns. That is to say, there are things that we know we don't know.
But there are also unknown unknowns. There are things we don't know we don't know.
But what you really want to know,is what you really really want to know:
Is that a Missile in your pocket or are you just pleased to know,
you don't really know,what you don't know things you thought you knew ?
Donald Duck
yes exactly, even when USDJPY finds a bottom (it seems to have found one right now)... and even when it starts a clear uptrend in the near future, I am sure that the retail indicator will still show the 70/30 ratio...
I believe this indicator is very slow...
better trade what you see.
This contrarian approach wouldn't work at all because it's not contrarian. It basically says go long GBPUSD while it's making multi month highs. How is that contrarian I dont get it. Or AUDUSD is making multi year highs and it says longs and shorts are equal. NO WAY !!! I bet at 1.016 (top) the longs were making record highs on that pair and it was time to short. The same is true for EURUSD. Longs were making new highs at 1.42 while Pivotfarm was saying it's neutral or go long.
Yes, I tend to agree. Contrarian tactics make you look good when they work, but I have my doubts about how well they work over time. Unless you are nimble, you will often get caught countertrend and get 'stopped out' a lot.
Sorry but this "contrarian" thing is really dumb.
No offense. I just can't stand it any more. No matter what, you'd always be behind, following the "un-money" around the chart.
Trade with your own eyes, not with some fantasy about contrarian tactics. That idea may well work in the stock market (?) but in 4X, it will get you killed.
I'm just saying.
/:
You mean there still are a couple "retail investors" out there? I thought the only traders were the robo-cop type (aka HFT zombies) trader.
In short, this article looks like it was reprinted from 2006 where a self declared mr. smarty pants steps up and pretends we are in a functional market and that things make sense. This will never be the case as long as the FED continues to be desperate and monetize everything it sees just to give the allusion of normalcy for a couple more months...
You mean there still are a couple "retail investors" out there? I thought the only traders were the robo-cop type (aka HFT zombies) trader.
In short, this article looks like it was reprinted from 2006 where a self declared mr. smarty pants steps up and pretends we are in a functional market and that things make sense. This will never be the case as long as the FED continues to be desperate and monetize everything it sees just to give the allusion of normalcy for a couple more months...