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Trade Against The 90% That Lose Money 19th 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? Most currencies remain in the neutral zone.
Provided by Pivotfarm - The Home of Support and Resistance Trading
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"Retail traders are notoriously wrong at picking market direction/tops and bottoms. "
Retail traders? What retail traders?
Retail trade voulme is in the dirt - who cares how the last few idiots left in the rigged casino bet? Maybe this week will be the one that opens their eyes and they sit on the sidelines where all the smart money is.
Retail in 4X is doing better than ever, thanks very much. Also, these figures prolly include institutional and junior institutional traders...in other words, it should say, "other than central bank."
Either way, it is kinda silly to trade that way. Just one more tool in the arsenal, I suppose.
"Retail in 4X is doing better than ever, thanks very much."
Sorry. I must have missed the article in the Wall Street Journal where all of those retail brokerage houses were re-hiring in droves and calling for record profits. I'll go check todays issue - being on night shift this week I typically stay one issue in arrears.
Argggggghhh - I think my comment just killed Zero Hedge! Fie upon me! Site just crashed... We're all doomed - did Ireland just blow up, or California?
Dual posting due to site crash. Sorry folks, repeating my position does not lend credibility to it at all.
Well, you've been short $jpy for a while, nice call Mr. Pivot Farm. Useless.
Which brokers do you get these from? Is it the larger (reputable) brokers, or the MetaTrader bucket shops?
The platform used has nothing to do with repute or being a "bucket shop."
Use IBFX. MetaTrader platform. Not a bucket shop.
Not uniquely, no. But I can think of a choice few, and they all use Meta Trader.
Wish somebody would kick the AUD in the gonads.
Short AUDUSD to 0.98. That may not kick its gonads but it will put money in your pocket.
At 51% v. 49% it could be a toss-up. ?:
:D
Could you make the prediction more specific; ie. entrance price, time duratiion; I just love predictions, because then I get to come back and laugh when they're wrong.
Sell it.
Close the trade @ 0.98.
Anything else?