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Hi @JohnS, I got stopped out at 1.0555 and that was it for today. In general I've got mixed bias for today. It seems that retail starts switching to more buying hence I will be slowly looking to start selling in coming days. Will have to look at gbpusd as it was weirdly ranging before that pop up around midday.
Good luck on a move down though
Hi Rassi,
From reports like COT and in general I average various brokers reports and interest, additionally I look at social media and form opinions from there. To be honest one could get a pretty good idea if @Big Mike plotted successful traders journal posts (or unsuccessful) against their bias and start from there. It's just me trying to form an opinion of the market from outside the charts and technicals. For example if I saw a headline in financial news read by people about euro plummeting I would be more inclined towards longs. I'm just trying to get what certain participants may think. If you think this is invalid approach please let me know as it takes time heh time which could be spent on something else heh
are you swing trading? If so the macro economic factors would def be worth considering imo. However its up to you if its worth tracking the positions of retail traders
Remember retail can win and professional can lose.