SSI on GBP/USD
Posted 03-11-2010 at 08:06 PM by Tekmnd
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What's This?
Updated 03-11-2010 at 09:17 PM by Tekmnd
Updated 03-11-2010 at 09:17 PM by Tekmnd
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The is a chart of price verses SSI on the GBP/USD pair. Once again, it shows that the retail crowd is almost always wrong on direction.
The line is the price. The left column is the shows the price on the pair.
The shaded area shows the positions of retail traders.
When the shaded area is pointed up, the retail crowd is long.
When the shaded area is pointed down, the retail crowd is short.
The number on the right column is the ratio of long to short. So if the shaded area reads 3, it means 3 retail traders are long for every trader that is short. When the shaded area reads -2.5, it means 2.5 retail traders are short for every trader that is long. Etc
Cheers
Tek
The is a chart of price verses SSI on the GBP/USD pair. Once again, it shows that the retail crowd is almost always wrong on direction.
The line is the price. The left column is the shows the price on the pair.
The shaded area shows the positions of retail traders.
When the shaded area is pointed up, the retail crowd is long.
When the shaded area is pointed down, the retail crowd is short.
The number on the right column is the ratio of long to short. So if the shaded area reads 3, it means 3 retail traders are long for every trader that is short. When the shaded area reads -2.5, it means 2.5 retail traders are short for every trader that is long. Etc
Notice that the retail position is almost a mirror of price.
Cheers
Tek
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