Community - Outlook view - Insane

I noticed in the Community - Outlook, that most of the traders here on myfxbook community is losing
especially in the trending markets like GU / EU / UJ
is that true?

what are they / you thinking / doing ?
Is that true?
I find it insane....
fighting the trend?
hoping?
no stop loss?
no technical analysis?

is that real or demo account?

The issue is that many, if not most traders trade against the overall trend. As a result they make money as long the market is in a range but run in troubles during periods with trends.

I'm glad I'm not the only one looking at this. I bet a person could make a decent system just taking whatever position is opposite of the community outlook.

tlswink posted:
I'm glad I'm not the only one looking at this. I bet a person could make a decent system just taking whatever position is opposite of the community outlook.

Me too.

Nothing new here... it has always been the case. Retails traders are ALWAYS against the trend!

Outlook community is base on Lived account only.

It is not only a specific facts from Myfxbook... it's all over the world.

With all of the news surrounding the Euro, it's hard to direction. Very short term positions 5pips works best. Controlling your greed and fear is the key

In order to fight that I suggest using a 10-period SMA at D1 chart. Trading in the direction of the daily chart trend only but doing whatever one likes in the shorter time frames.

Cheers!

tlswink posted:
I'm glad I'm not the only one looking at this. I bet a person could make a decent system just taking whatever position is opposite of the community outlook.

I'm working on it : )

Done:

https://crazytraderfx.blogspot.fr/2014/01/speculative-sentiment-index.html

If i calculate the amounts of lots multiply by the average loss x 10usd today,

EU = 10,780 x 400pips x 10usd= 43.12 MILLIONS usd

GU = 7,200 X 320pips x 10usd = 23 MILLIONS usd

UJ = 1170 x 186pips x 10usd = 21.7 MILLIONS usd

total of JUST eu , gu , uj = 87.82 MILLIONS usd floating loss

Insane 😲

There are many trends on the market, depending on how you frame it, there is accumulation and distribution stopping these trends and some dumbases pretending to know the future. CRAZYTRADER : retail traders are not always against trend, they jump in, just before trend ends because they are dumb, just like you....

marianx posted:
There are many trends on the market, depending on how you frame it, there is accumulation and distribution stopping these trends and some dumbases pretending to know the future. CRAZYTRADER : retail traders are not always against trend, they jump in, just before trend ends because they are dumb, just like you....

Dear noob,

If you don't know what you are talking about, if you have no clue on how to use Outlook, then you better not talk and ask from experienced traders how it works.

Do you know why EURUSD is going to go down again? Because you are long like 72% retail traders.

https://www.myfxbook.com/members/marianx/eve/826400

- The most beautifull equity curve I have seen since ages... over 1000% current Losing DD
- You don't need to hide your open position I know you are long... have a look at summary tab

You have a hedging strategy but you don't know how to analyse market... so you closed your winning trades while we were in the middle of the huge reversal market.... Don't worry, your account will blow, it's just a matter of time now.... At this stage, you will ask yourself whose dumb here? The one declaring to know perfectly how to use Outlook or the one that couldn't even use it and so his mistakes and ignorance will blow his account ?

While this time, my followers enjoy the bearish trend.
https://www.myfxbook.com/forex-charts/EURUSD,D1/3494

Happy trading.

Dear proffesional money manager:

so you have over 500 usd in profit - impressive. :DDD WOW you must be super smart to make 400 pips with two EA.

 Btw. your website look like someone retarded made it. hope its not your work, if so Iam even more sorry for you

are you trying to gain some capital for those silly strategies with even sillier website ?- good luck :)

What a amateur tryes to present himself with silly website that doesnt even have first class domain.

Are you even trying ?

marianx posted:
Dear proffesional money manager:

so you have over 500 usd in profit - impressive. :DDD WOW you must be super smart to make 400 pips with two EA.

 Btw. your website look like someone retarded made it. hope its not your work, if so Iam even more sorry for you

are you trying to gain some capital for those silly strategies with even sillier website ?- good luck :)

What a amateur tryes to present himself with silly website that doesnt even have first class domain.

Are you even trying ?

Good luck

I created a little pool to see how often traders use Outlook.

Do not hesitate to answer it.... 100 votes would be representative.

https://www.forexfactory.com/showthread.php?t=503239

To be strictly technical with you and save you couple months of work.

I was doing similar research regarding sentiment about 3 years ago for one of my forex websites.

Problem with sentiment is this:

Market makers / smart money, dont fight the crowd (sentiment), they take advantage of it based on strength/ weakness on the background - those are the data you have no chance of obtaining.

Crowd may include many institutions that can trade with huge volumes and are not included in sentiment.

You do not see both sides of market based on sentiment. You are just trying to predict something based on unsignificant part of it, not knowing the back data. - Dead end.

And what about COT instead of outlook?

Thank you for sharing your feedback. However we don't have the same appraoch on that data. You tried to use it as a signal, while i use it as a filter.

Regarding COT, I don't like it as the update is always one week late.

New feature added:

Index currencies is a great tool, it shows how to trade market against the crowd. It's even more reliable as it is aggregated data:



It says now that it is better to:
 - Short EUR
 - Long GBP
 - Short NZD
 - Long USD