Jump to content

Traders sentiments


Recommended Posts

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.

Link to post
  • 9 months later...
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.

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

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  🙂

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.

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
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.

  • General Statistics

    • Total Topics
      15,170
    • Total Posts
      73,255
    • Total Members
      61,600
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    iridize
    Joined 13/05/21 07:29
  • Posts

    • I don't think it would be a problem trading during the weekend. You can trade whenever you want.  I learned how to do it on the cryptoinformator website. The highest income is brought by bitcoin. When looking at the value of the current 55,000 dollars, of course, everyone is thinking about investing in it. Forecasts vary, and many believe that by the end of 2021, they would have surpassed 100,000 dollars. The growth is projected to be based on the fact that real-world payment flow stock markets are still burdened by the current pandemic but is also based on the increasing acceptance of BTC as legal tender ( PayPal is bringing this option, and bitcoin is also coming to Wall Street soon).
    • I played around with it (created two plots of the smallest viable K-32 size). While I'm farming this tiny amount now I've stopped plotting until pooling is introduced - since existing plots aren't going to be compatible with pooling. The cost of wearing out SSDs is high. You're effectively buying (via SSD wear) lottery tickets (the plots) with a chance of winning a lottery (by farming). Without pooling its unlikely small players will win. The "estimated time to win" is based on current network space that will probably rise at a very quick rate reducing your chance of winning exponentially.  Unless you're farming petabytes, using the rule of large numbers to take out the lottery element, its not worth the time of smaller farmers imho. It may be worthwhile when they introduce pooling.
    • Yeah, you can trade whenever you want. 
×
×
  • Create New...