Trade Against The 90% That Lose Money 6th Dec

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? Fridays session saw a wild reaction to the NFP report, the USDJPY, USDCAD and USDCHF have taken firm positions in the Strong short zone.

Provided by Pivotfarm - To learn about Technical Confluence click here

Comments

[bigelkhorn]

cool post. Pivot farm is a nice website.

Also found this :-

With all the stuff about wikileaks, Should Wikileaks Founder Release More Secrets?

http://www.forecastfortomorrow.com/news/2010/12/wikileaks-website