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Currency Futures

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  #2179 (permalink)

London, England
Trading Experience: Beginner
Platform: NT, TOS, MT4
Broker/Data: TOS, CQG (NT), FXCM
Favorite Futures: ES, 6E
chr1s's Avatar
Posts: 441 since Sep 2014
Thanks: 1,709 given, 661 received

rassi View Post
Hi chris. How do you know what is retail buying or selling?

Hi Rassi,
From reports like COT and in general I average various brokers reports and interest, additionally I look at social media and form opinions from there. To be honest one could get a pretty good idea if @Big Mike plotted successful traders journal posts (or unsuccessful) against their bias and start from there. It's just me trying to form an opinion of the market from outside the charts and technicals. For example if I saw a headline in financial news read by people about euro plummeting I would be more inclined towards longs. I'm just trying to get what certain participants may think. If you think this is invalid approach please let me know as it takes time heh time which could be spent on something else heh


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