Jump to content
Sign in to follow this  

Traders sentiments

Recommended Posts

@BRIGHTLIGHTFX,

You look just like a famous Bollywood actor!

May I ask what you intend to do with the information on IG traders sentiment?

This information could be more meaningful if you knew how many of these traders were successful and profitable on a consistent basis. 

In the example that @elle has kindly provided (above) how would you use such information to make an effective trading decision?

Share this post


Link to post
10 hours ago, TrendFollower said:

@BRIGHTLIGHTFX,

You look just like a famous Bollywood actor!

May I ask what you intend to do with the information on IG traders sentiment?

This information could be more meaningful if you knew how many of these traders were successful and profitable on a consistent basis. 

In the example that @elle has kindly provided (above) how would you use such information to make an effective trading decision?

I am just trying to experiment some thing, I have my system this is just to learn some thing new.

Share this post


Link to post
On 03/12/2018 at 05:28, TrendFollower said:

@BRIGHTLIGHTFX,

You intend to trade with the sentiment or against the sentiment?

I can not seem to find the sentiments ? I am using the new  IG platfrom

Share this post


Link to post

@Trevbeats,

You have to go into a specific asset via IG's homepage using the search box. So for example if you put Gold and select the Spot Gold option, the following page comes.

https://www.ig.com/uk/marketanalysis/ig-commodities/gold

If you scroll down then you will see that IG's client sentiment is that 73% have long positions and 27% have short positions on Gold. This is obviously a snap shot at this particular moment in time. 

Share this post


Link to post

THanks for the info. I clicked on the link, and it seems to be flashing on  and off?

Share this post


Link to post
12 minutes ago, Trevbeats said:

THanks for the info. I clicked on the link, and it seems to be flashing on  and off?

Hi Trev, you need to be logged in to get the full IG page.

DailyFX has recently updated their web pages so you can see a large selection here,

https://www.dailyfx.com/sentiment

Remember retail sentiment (positioning) is considered a contrarian indicator as opposed to the COT report which looks at professional market positioning.

Share this post


Link to post

Ok Thanks for that. I must admit im not keen on setiments? Not relible enough.  Whats you take on them CN

Share this post


Link to post
2 minutes ago, Trevbeats said:

Ok Thanks for that. I must admit im not keen on setiments? Not relible enough.  Whats you take on them CN

I don't look at it routinely but occasionally out of interest. You can be sure that every time the US indices reach the highs the retail crowd will be very short because retail are very good at picking the tops (not).

image.png.dc5d24de5729405615ce2873839678db.png

Share this post


Link to post

Yes corelation is a good guide for this Thank you.

I am just looking at the chart you send me If the usd/chf is 61% short why does it say Bullish?

 

Share this post


Link to post
1 minute ago, Trevbeats said:

Yes corelation is a good guide for this Thank you.

I am just looking at the chart you send me If the usd/chf is 61% short why does it say Bullish?

 

contrarian indicator, if 74% of retail traders lose money and 61% of retail are short usdchf then best go long  🙂

Share this post


Link to post

So the clients is one thing ie sentiments: but the indicator saying bullish or bearish or even mixed means follow this advice?

Share this post


Link to post
5 minutes ago, Trevbeats said:

So the clients is one thing ie sentiments: but the indicator saying bullish or bearish or even mixed means follow this advice?

yes, if retail are heavy short they are probably wrong so consider going long but it doesn't always work, sometimes retail get it right just as sometimes the professionals in the COT report get it wrong and have to turn and chase the market.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,766
    • Total Posts
      40,441
    • Total Members
      50,824
    Newest Member
    MrMack
    Joined 18/11/19 12:34
  • Posts

    • Some excuse is needed for a pullback ...
    • The spike down in indices in the last hour was the same ol' trade war news, China stating they are less optimistic than the US and feel they have been mislead by recent talks where they felt they had agreement over a rollback of tariffs that the US now say is not the case. After 18 months of this you should be use to it by now. 
    • Dax, Nikkei and FTSE100 remain below recent (past 2 weeks) turning points and we have seen an interesting recent bearish candle in play on US large caps, a potential spike and retrace back down, which could signal rally exhaustion.  In the case of the Dow and Nasdaq this occurred with an overshoot of the 4H chart rally channel and in the case of the Nasdaq also the Daily and Monthly long term resistance trend lines (overshoot and quick retrace being a particular signal of an exhaustion phase).  In the case of the SP500 this has occurred with a hit right on the Daily resistance trend line and rejection, so far at least.  As I have mentioned before: with volume relatively weak and seemingly in a down trend; and with COT net long positions weak and weakening (not what one would expect of a breakout rally); and with Gold/Silver rallying; and with NMD at the turn points on all markets and as USDJPY has also taken a similar bearish hit; the odds of a bearish phase are good and the risk reward is decent. I am already Short Dax and FTSE100 off the previous turns but money where my mouth is this time on SP500, as the exposure is tiny, I am Short off the hit and turn on the daily trend line with tight stops just above.  
×
×