Originally posted by RickM
Hi Masonhlsy
I know what you mean by Client sentiment as DailyFX used to be run by one of my brokers FXCM.
IG took it over last year I think.
I actually tried that idea a few years ago with DailyFX's info, I believe you do the opposite of what the traders are doing or something like that. I did get results but nothing better than anything else.
I actually believe a EMA / SMA of 10 - 50 - 200 gives you that sentiment of where the market is pushing the price too.
I actually use SMA 72 ( changed from a EMA recently ) on the M5 chart to determine the market Bias / sentiment.
On H4 and the Day Chart, I use 63 SMA to determine the market Bias / sentiment.
Hey Rick,
Yeah I think the idea behind any strategy involving a tool like the client sentiment on DailyFX is to trade with the minority, and the big players.
I'm really interested to see if there are any sources of larger sample sentiments, because I think it could be useful to see which direction the majority is trading. Isn't this a big influence on price, The banks see our orders, and moving the market against the majority is always going to be profitable for them. Interested in whether or not I could incorporate this into a strategy, Or even build a system around it.
Found around 3 sources so far, All probably small samples but will keep looking.
