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Trade Against The 90% That Lose Money 29th Dec Holiday Update
What's new today?
The retail traders that form the bulk of our survey have made dramatic shifts to the long side in their positioning over the holiday season. In this time all the pairs in the strong short and short zone have consistently continued lower, while retail traders remain longs with 70+% strength! Recent action in the USDCAD, USDJPY, GBPJPY, USDCHF and EURCHF is worth noting.
On the long side AUDUSD with 62.23% retail shorts continues to climb higher making multi year highs!
Provided by Pivotfarm via the Technical Analysis Blog
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Anyone here tracking GS? It just went from 167.84 to 166.57 and then back up to 167.46 in a flash. Volumn is light...so maybe a large seller- except the way it bounced right back. Sure knocked everyone's stops out and then some. Putting stops in anywhere has become more of a liability than a risk aversion. Anyone else see this action- I'd like to here your thoughts.
SheHunter
Im calling a top here in jpy and chf but not cad