Latest Sentiment

Today's sentiment.

Today's client sentiment

mrtools wrote: Tue Oct 11, 2022 6:36 am Just for experiment taking a demo trade, using mtf nonlag dots to confirm.

Second picture trade taken last night before bed set the tp at an earlier lowest low, that one worked out all right. So far seems interesting.

Hi, please mrtools, where we can find mtf nonlag dots indicator?
Thank you.

mrtools wrote: Mon Oct 10, 2022 12:18 pm Client sentiment starting for this week.

Just curious Mtools.....As per my information, market sentiment should be seen as a contrarian tool....i.e. if the majority is long one should be going to short the market and vice versa. Will appreciate your feedback. Thank you!

RplusT wrote: Fri Jan 20, 2023 9:55 pm Just curious Mtools.....As per my information, market sentiment should be seen as a contrarian tool....i.e. if the majority is long one should be going to short the market and vice versa. Will appreciate your feedback. Thank you!

Yes.

Latest forex client sentiment.

Kind of been neglecting posting this is the start of this weeks client sentiment.

mrtools wrote: Mon Jul 03, 2023 10:03 am

Why is the bar colors opposite of the arrow colors lol

Chickenspicy wrote: Mon Jul 03, 2023 10:11 am Why is the bar colors opposite of the arrow colors lol

The bars are retail traders the arrows are contrarian against the retail who of last count are around 90% losing traders.



Forex sentiment analysis
What is the contrarian approach to client sentiment
The contrarian approach to client sentiment is when a trader would look to take a trade in the opposite direction of the majority traders in the market. Meaning, if the majority are selling an instrument, look for buy opportunities, and, similarly, if the majority are buying an instrument, look for sell opportunities.

The contrarian approach is the most used sentiment trading strategy.

Our approach
We are always looking to take trades in the direction of the current trend, not trying to pick tops or bottoms. In other words, if the trend is bullish, and the sentiment is short, we're looking for buy opportunities; if the trend is bearish, and the sentiment is long, we're looking for sell opportunities.

Forex sentiment rules
Entering a trade
Client sentiment should not be used alone, but in combination with your technical and fundamental analysis. It should be treated as a confirmation indicator along with all the other trading rules.

Assets / Instruments
Client sentiment bias is more accurate for assets or forex pairs with higher trading volume, like all USD majors (EUR/USD, USD/JPY, etc ...) or major indices. When showing the client sentiment, we put first the most traded instruments.

Timeframes
Client sentiment gives best results when trading higher timeframes, like hourly, 4 hourly or daily.

Sources
Good decisions need to be based on reliable data. Our forex sentiment data is generally representative and not just taken from one (or some) brokers.
Forex sentiment indicator

There are different ways of using the client sentiment in trading, but the majority of traders are using the client sentiment as a contrarian indicator.