Trade Against The 90% That Lose Money 24th 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? Some big shifts in the Retail trader positioning after yesterdays session most notably in the EURJPY and EURCHF.

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Comments

[BeerGoggles]

continue shorting that USDJPY and USDCHF both moving up. LOL.

[Hicham]

Damn. I use globeinvestor (it's not great but I'm Canadian so I use it anyways)

and when I try to look up USDJPY it gives me this bizarre message: 

                 The symbol you seek
                 Cannot be located, but
                 Countless more exist.

Why the heck are they giving me a haiku error message?

http://www.theglobeandmail.com/globe-investor/markets/indexes/summary/?q...

[A Nanny Moose]

LOL. Clever.

[Oso]

i like this.  notice USDJPY has reversed quite quickly.  Last few weeks, it has been the top of this list in crowded longs. 

[Nihilarian]

I see an expert network contract in your future. And possibly a subpoena.