EoWA 19 JAN 20

SentimentUsing USD as a Base Currency (USD/xxx) we are able to analyze and isolate the Sentiment of the USD. Currently with Sentiment - The best looking singnals for USD long are going Short EURUSD and Short AUDUSD. USDJPY is also in the Strong Buy zone but the charts don't look as attractive as they have experienced a run up already. Why are we looking for longing the dollar? See below.DXYThis type of Impulse Move when the expectation is to make a newer low is a indicator from my experience that something has changed. Some people will refer to it as a flag ...

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EoWA 12 JAN 20

SentimentUsing USD as a Base Currency (USD/xxx) we are able to analyze and isolate the Sentiment of the USD. Currently with Sentiment - USD is spreading out compared to last week. The majority of the pairs are on the left side of the Y axis, but above the X axis - which signifies a weak buy.DXYUSD is currently in a downtrend. Look for Selling Opportunities until the LITS is broken strongly with an IM.EURUSDUntil EURUSD crosses the LITS, we must have an upward bias. Look for Buying Opportunities with Sentiment Shifts or Retail Overloading Short.USDJPYUJ was a very profitable play for the SentiFX ...

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2020 First Analysis of the New Year

Happy New Year Traders! Let's make 2020 the BEST Trading Year!!Before we begin, I just want to thank you for being part of the SentiFX community. There are some big plans for 2020.We're going to develop some Trading Drills to help you hone your Analysis Skills in all areas of the SentiFX Methodology.We're also going to develop indicators for the MT4 platform that allow you to see Sentiment in various perspectives directly on your charts.We will continue to develop the Sentiment Analysis Suite of Tools and we expect to complete the Market Structure Deep Dive Course and much more! Of course, ...

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Sentiment Trading – Quantitative Proof – Part 1

Does Retail Sentiment Data have any predictive power for future price movements?If so, what does it help you predict? Is Sentiment a contrarian indicator or does price more often follow the direction that retail predicted? How reliable are those predictions? Most important of all, is there any money to be made from using Retail Sentiment to influence your trading decisions?These are the questions to which I want to find answers in this series of blog posts. I am going to put them under the microscope, in a purely data-driven way, and see whether the hypotheses can be confirmed or not. To ...

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USDJPY Sentiment and Seasonal Trade Part II

The USDJPY Seasonal Trade Part II USDJPY knocked it out of the ball park – again! If you didn’t see the first post about the USDJPY Seasonal Trade that I initially missed, check it out HERE Last night, I mentioned that I was looking to scale into USDJPY long. I was confident that the move wasn’t over yet as we are only at the beginning of the month and I didn’t believe our Seasonal Trade was over. Sure enough, I went to sleep with 6 Limit orders resting…. waiting… at key locations. I was prepared for to take a full ...

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