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Trade Against The 90% That Lose Money 30th 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? No dramatic shifts from yesterdays positioning. USDJPY remains in the Strong short zone, even with consistent up days recently this has been a big surprise and an anomaly in the data.
Provided by Pivotfarm - Click here to learn about Technical Confluence
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Those stupid USD/JPY longs sure have been making alot of $ since Nov1.
They have. They also lost a lot of $ from June when USDJPY first entered the Strong short zone.
i'm a dumb ol retail "trader", placing about a large handful of trades a week...stocks and options, not more sophisticated stuff.
I have made, let me count here....oh yeah, I have made exactly One Assload of money since March 2009. Retail can be right too.
perhaps a dumb question, but on the globex futures would you be long or short the Yen?
Umm Retail?................. nuff said
The smart money is the front running banks and the flash traders. The dumb money is buy and hold for the past 10 years. Why trade if you do not have an edge?
http://www.zerohedge.com/article/once-again-smart-money-isnt-so-smart
so..WHO is the Smart Money?, WHO is the Retail Trader?, WHO is the 'Dumb Money'?
Since HFT, Goldman/MorganStanley SUCESSFUL expert trading systems,
Is there anything, THESE DAYS, that still wins?
Do you have a track record of your implied trades? and/or backtesting going on?