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Trade Against The 90% That Lose Money 8th 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? USDJPY has retaken its top spot in the strong short zone.
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Everything depends on the US ten-year right now. The higher it goes, the longer the USD, especially against the yen.
Personally, I expect it to come off rather severely in the next few hours...
Perhaps I don't understand your chart: Does it say there is strong retail positioning long the JPY, CHF and CAD?
I personally wouldn't be short the USD right here (unless it was in Sing dollars, but then why not buy...)...
still shorting that yen? tut tut
yup.