When there is a ratio of 30-35 / 70-65, I play against it, i.e. when 70% of positions is long, I play short.
This is interesting. In myfxbook there is a little section called "Community Outlook" which shows the % of long and short position on the currency pairs. I am starting to realize a pattern where every time I go with the "crowd" I lose, and every time I go against it, I win.
For example, in this picture it shows 19% short and 80% long on GBP/USD
As of today (3/6/2015) the market for GBP/USD is clearly bearish but for some reason everyone is long
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