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Community - Outlook view - Insane
會員從Nov 21, 2011開始
1601帖子
Sep 12, 2014 at 10:44
會員從Nov 21, 2011開始
1601帖子
AUDUSD kept dropping while now 70% traders are long.
As you can be sceptical as the crowd isn't always wrong. Let's take a real example with 2 pairs that get the same outlook:

So now I have added a new feature using Index Currencies to filter Outlook Signals:
On AUDUSD, it suggests to be short (it supects that crowd is wrong).
On NZDCAD, it suggests to avoid to short NZDCAD (it supects that crowd may not be so wrong)... but the long signal isn't given. So we stay aside from this pair.


Conclusion:
If we have a look to both chart using the same timeframe we see that NZDCAD is slightly bearish... the pair could go up and crowd could be right being Long.
Bearish trend on AUDUSD is confirmed by the Index Currencies and this time crowd is surely wrong on being Long.
As you can be sceptical as the crowd isn't always wrong. Let's take a real example with 2 pairs that get the same outlook:

So now I have added a new feature using Index Currencies to filter Outlook Signals:
On AUDUSD, it suggests to be short (it supects that crowd is wrong).
On NZDCAD, it suggests to avoid to short NZDCAD (it supects that crowd may not be so wrong)... but the long signal isn't given. So we stay aside from this pair.


Conclusion:
If we have a look to both chart using the same timeframe we see that NZDCAD is slightly bearish... the pair could go up and crowd could be right being Long.
Bearish trend on AUDUSD is confirmed by the Index Currencies and this time crowd is surely wrong on being Long.
會員從Jan 16, 2014開始
5帖子
會員從Nov 21, 2011開始
1601帖子
會員從Jan 16, 2014開始
5帖子
Sep 13, 2014 at 10:26
會員從Jan 16, 2014開始
5帖子
I talk to one of those traders beliefs
his quotes
"If its at an extreme , take the contrary trade
play the reversion that always occurs
against the herd - quite profitable
Markets always turn
Pricing and it is incredibly accurate"
As mention previously,
herd is fighting the trend, he confused herd and technical chart's trend are the same thing / behaviour
10,000 buy lots of EU and GU in this myfxbook community against 3000 lots of sell order can't make the market to go up
price without proper indicator structure has no edge, like flying a plane without the plane's indicator instruments,
like radar of what's ahead, direction of the wind, the speed of the wind and plane, etc etc
it's pretty dangerous
his quotes
"If its at an extreme , take the contrary trade
play the reversion that always occurs
against the herd - quite profitable
Markets always turn
Pricing and it is incredibly accurate"
As mention previously,
herd is fighting the trend, he confused herd and technical chart's trend are the same thing / behaviour
10,000 buy lots of EU and GU in this myfxbook community against 3000 lots of sell order can't make the market to go up
price without proper indicator structure has no edge, like flying a plane without the plane's indicator instruments,
like radar of what's ahead, direction of the wind, the speed of the wind and plane, etc etc
it's pretty dangerous

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