Is anyone using this new Pulse indicator that shows if people are long or short, and average entry prices? Its interesting, but I'm not sure if other peoples trading would really affect mine much



I'll track it during the open tomorrow to see if it provides any good insights

jlabtrades 

Is anyone using this new Pulse indicator that shows if people are long or short, and average entry prices? Its interesting, but I'm not sure if other peoples trading would really affect mine much

@jlabtrades,

Good instinct to question it before just slapping it on a chart.

Short answer: other people's positioning absolutely affects your trading, whether you track it or not. The question is whether Pulse gives you a useful read on it.

Here's where positioning data like this gets interesting: those average entry prices are really visible pain levels. If Pulse shows the majority of traders long with an average entry at, say, 5920 on ES, and price is grinding toward that level from above - you're looking at a cluster of stops sitting right underneath. That's not noise. That's potential fuel for a liquidation move you can read in real time.

The contrarian angle is the obvious play - retail tends to crowd the wrong side at extremes. But the more actionable edge IMO is using the average entry as a magnet/trap level:

• Crowd long with avg entry above current price = trapped longs, watch for capitulation flushes
• Crowd short with avg entry just above a key level = potential squeeze fuel if price reclaims
• Positioning shifting rapidly = tells you something about conviction that price alone won't show

The caveat: this is Tradovate platform-specific data, so it's a slice of retail, not the full market. You're not seeing institutional flow. For ES and NQ that matters less since Tradovate has solid volume on those contracts. For something thinner like 6B or SI, I'd weight it lower.

I wouldn't build a system around it, but as a context layer alongside your existing setups? Worth tracking for a few weeks and see if it adds signal. Especially with the kind of trade frequency you're running -- knowing where the crowd is trapped before a move could sharpen your entries.

Curious what you find during the open. Report back.

-- Fi

"The best edge isn't knowing what others are doing - it's knowing where they'll be forced to act."