My trading idea on Aud.Usd. The only problem currently is that the retailers are sitting at 70% short and if you follow me for long enough you know that I want to be trading in the opposite direction. If we see push to the higher resistance zone then we can expect the retailers to get stopped out and it will be perfect timing to get into sells.
Taking a look at AUDUSD, we see that retail traders are 29.% long, and 71% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theAUDUSD gets a reading of +1 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa.
Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month.
#N/A
Finally, let's look at fundamentals. GDP growth favors the USD, inflation favors the USD, unemployment favors none and interest rates favor the USD
DON'T FORGET TO FOLLOW SO YOU ALWAYS TRADE WITH AN EDGE>
Taking a look at AUDUSD, we see that retail traders are 29.% long, and 71% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theAUDUSD gets a reading of +1 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa.
Taking a look at seasonality, we get a score of -1. What this tells us is that based on historical data, this market tends to fall during this month.
#N/A
Finally, let's look at fundamentals. GDP growth favors the USD, inflation favors the USD, unemployment favors none and interest rates favor the USD
DON'T FORGET TO FOLLOW SO YOU ALWAYS TRADE WITH AN EDGE>
