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Trade Against The Retail Herd 28th Mar
What's new today?
AUDUSD is firing on all cylinders in the long zone whilst 65.81% traders are short and actually made it to the strong short zone in Fridays session before pulling back a little into the long zone. Both EURUSD and GBPUSD are now well within the neutral zone. Pending Home Sales coming out of the US at 10:00am EST is the big new event of the day and if we do have a strong deviation from consensus we expect it to have a strong influence on retail positioning.
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Provided by Pivotfarm via the Technical Analysis blog
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I've been telling everyone who will listen not to short the AUD but i think its due for a pullback,but not for long.
The cyclone season is over and we'll be digging up shit at full capacity again soon enough.
Actually it works very well. Look for example USD/JPY and USD/CHF extremely long retail and it only goes lower.
Backtest your model, or no one will ever take this seriously.
Um, yeah, for about an hour until HFT kicks in. Give me a break
HFT in forex? C'mon man, understand what you're saying before you post and make a fool out of yourself.