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Community Outlook and Reality
Nov 13, 2019 at 08:26
Vistas 1,161
2 Replies
Nov 13, 2019 at 08:26
(editado Nov 13, 2019 at 08:33)
I don't get this one. Let's observe EURUSD, for example. It has been in a steady decline for about a week. Community outlook states that
85% of the traders have a long position in it, and only 15% of the traders are shorting it. Short positions at the moment have 23 thousands lots, and long positions have 127 thousands lots. Yet, the community outlook shows that overall of 69% are winning players!! My analysis shows that I should have been shorting it heavily (Which I have not been doing) How should I interpret community outlook as a tool?
Traders have won $2.7 billion and lost $1.4 billion.
Strange discrepancy.
85% of the traders have a long position in it, and only 15% of the traders are shorting it. Short positions at the moment have 23 thousands lots, and long positions have 127 thousands lots. Yet, the community outlook shows that overall of 69% are winning players!! My analysis shows that I should have been shorting it heavily (Which I have not been doing) How should I interpret community outlook as a tool?
Traders have won $2.7 billion and lost $1.4 billion.
Strange discrepancy.
Jan 27, 2020 at 17:38
Also, imo, a lot of people like to call reversals. So, it makes sense that if EURUSD has 85% of positions going long, that price is actually in a downward trend, as traders expect it to go back up, and the lower the price goes the more that jump on long.... waiting/hoping for for it to revert back up.
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