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Trade Against The 90% That Lose Money 8th 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? EURJPY edges into the short zone, EURUSD and GBPUSD have set firm footing in the neutral zone
Provided by Pivotfarm - The Home of Support and Resistance Trading
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You got it manhattanjoe.
How did that ZSL short work. LOL
Short UUP is Long Gold... so you're saying Short Gold...
Let me know how that works out for you
Not that anyone would care, but I just want to disagree with what's being said here. I used to track retail forex flow for a living - and had access to tens of thousands of daily trades and could sort through as much of the details as I wanted.
I'll write something more complete later, but here's the deal: retail traders were not terrible at picking tops and bottoms. In fact, collectively, there were damn good at it. As a crowd, they did a fine job of picking turns on short term moves and the long term moves too. But you know why they lost money? Because they were shit at leverage. They would leverage themselves 400:1 and then margin call their accounts after a 30 pip move against them. But when you'd look back at where they got in, they had a lot of the stuff right. I know it's not popular and seems counter-intuitive to give credit to retail traders, but they got direction right (but risk management wrong) much of the time.
As opposed to Bear, Lehman, AIG, and others, who got direction wrong, and got the risk management wrong. Duh.
This advertising would be a lot more compelling if it referenced an audited track record of buy and sell recommendations (with stops), if such a thing exists. And if it doesn't, what the actual fuck?