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Trade Against The 90% That Lose Money 29th 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? The EURJPY slips from the strong short zone to the short zone.
Provided by Pivotfarm - Click here to learn about using Technical Confluence
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Wow... I guess if you don't give some people all the free lunch they deem appropriate, some will spit on you if you only give 'em an appetizer! WTF!?
Very boring to see this stuff on ZH every other day.
Go f*** yourself and try to skim a buck some place else.
And take your 5 buddies that rated your post with ye...
Dude, do you post this all over the net?
http://www.barchart.com/headlines/story.php?id=751996
Keep shorting USDJPY then, you must have lost a lot of money for you and anyone who listens to this over the last month.