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Trade Against The 90% That Lose Money 15th 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 shifts in retail positioning today
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Ahahahahah. How do you like them apples?!?!
USDJPY 84.40
"Retail investors are notoriously bad at picking market tops and bottoms---" So are newsletter writers.
thats funny...!
I was down on these guys earlier in the wk..., the last time they posted one of these they were way off.
This wk they havent done to bad.
@ Orly... I see ya 1.3250... but Im out @ 1.3270! ... "you never go broke taking a profit" lol!
Whew! Is this the shit, or what?!?!?!
Don't get complacent. The EuroDollar has established another trendline and there may be fierce support @~ 1.325. Or the pair may blow right through the line straight to the downside Fibonacci level @~ 1.3089.
I think they are going to put up a fight somewhere along the way, so be careful.
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Also, here may be a once-in-a-lifetime opportunity to get long USDCHF and stay there. Stick a robot on it!
Olexsandra
I would like to bet against the swiss franc, especially against brazilian real. Any idea how to do this? thanks.
Do it as a paper trade; just write down your entry points, margin and account size and come back in a few months. After you find out you would have lost a lot of money, you will have learned something important.
I assume you are replying to my post. Everything is possible, but only way I could lose with this trade is if the paper money collapses, and for that reason i would trade only a small amount, while holding some gold as an insurance. Maybe you have something to learn instead.
Finding a broker that hosts such a pair is probably not impossible, though the pair is so exotic that it would cost you an arm and a leg to trade it. I don't think it is worth it, unless you would be a long-term investor in your trade.
You can go to IBFX and enter the chat room for trading and ask them about the possibilities. They are very helpful.
:D
Thanks! I do think it is a long term opportunity, as well as short term and middle term....As long as I can survive those tricky flash crashes.
That's the problem with trading an "exotic" pair. The pip-spread (how much you pay the broker...) with the EURUSD is like 1.1 pips. On the CHFBRL (?), the spread has got to be like 32-pips, meaning you pay 32 pips to the broker before you get paid at all.
Not only that, but in the US, the leverage is cut to 25:1 on exotic pairs, so making your money would take a long time.
I just don't think it is worth it. But that's just me.
It seems its too exotic. I found Saxobank offers most exotics, but even they don't do chf/brl.
I would not want to leverage too much anyway, 1/25 would be fine, and 30 pips isnt that much if I am right.
Anyway thanks