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Trade Against The 90% That Lose Money 23rd 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. EURJPY edges its way into the short zone.
Provided by Pivotfarm - Click here to learn about Technical Confluence
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Revenue anticip is DEAD NUTZ right on....day trading is dead, anyone who attempts it will get his ass handed to him. There are no more fundamentals, nor technical analysis that means shit today..... There is a TOTAL and COMPLETE disconnect from the US Capital Markets and the health of the US economy via the financial health of the top 500 or so companies in the country....no its D E A D...and its G O N E ..... Saddens me...but I made a damn good living doing it for 25 yrs as a "retail" investor
Pivotfarm...i am totally impressed by the technology, the time, the effort you have spent to distill the best that technical analysis has thus far offered.....the support/resistance...and all that...would have been damm near 'inside information' not for sale, just three years ago..
you know...i mean THEN, if you REALLY had THIS KIND of information, you'd come out ahead
\course...now..2010 there really is no predictive value to what you have to offer...tea leaf reading for pay, an 'edge' surely NOBODY really can PURCHASE the 2010+ computer tools, high speed trading, co-location...micro/millisecond 'computerized automated decision tools'
and the 'political connections' to MAKE HAPPEN market events, to engineer reality, not merely know in advance, but to guarantee a sure thing...'legally' (so far)...
I mean 'day trading' is dead, 'shorting' is dead, and 'misleading' technical signs are created
i used to be entertained by the free 30-60 minute nightly stock market videos put up by 'rebel trader (.net) noticed his repeated attempted at shorting failed...an his correct insistance that 'wait' prices will go much much lower....not following the oldtime patterns he'd spent years learning and personally made 'trading' profits....
Stock market 'trading' is 'zero-sum' short term...your gain/my lose...NOW it is worse...IT IS Big Boys win EVERY DAY for months and months, and you loss EVERYDAY, all the time...no zero sum about it anymore....ARE THERE ANY 'retail traders' left....just FOREX i guess...too big to surething-control at three trillion per day...
http://blog.rebeltraders.net/market-update-videos/
USD has been in an upcycle for the last 2/3 weeks. In this case, the retail crowd is correct ;)
exactly... this whole retail indicator thing is worthless...
of course most retail traders lose....
... but in what timeframe?
You cant just take a timepoint and say "Yes, in this moment 90% of people are losing, so lets do this countermove"