Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes

When crowd sentiment is overwhelmingly positive or overwhelmingly negative ? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Sentiment has long been a tool used by equity, futures, and options traders. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively.

Not quite complete The book starts out well. It builds a case for Sentiment trading, and gets you thinking about how it actually works. The author says technical indicators are a general waste of time (However the latter half of the book is devoted to technical indicators - which makes no sense to sentiment trading further more the charts used are actually missing the indicators it says should be there pages 1Not quite complete Tony The book starts out well. It builds a case for Sentiment trading, and gets you thinking about how it actually works. The author says technical indicators are a general waste of time (However the latter half of the book is devoted to technical indicators - which makes no sense to sentiment trading further more the charts used are actually missing the indicators it says should be there pages 142-145 blank charts). Then it begins to fall apart after that. The author explains how he uses COT but never actu. 2-1Not quite complete Tony The book starts out well. It builds a case for Sentiment trading, and gets you thinking about how it actually works. The author says technical indicators are a general waste of time (However the latter half of the book is devoted to technical indicators - which makes no sense to sentiment trading further more the charts used are actually missing the indicators it says should be there pages 142-145 blank charts). Then it begins to fall apart after that. The author explains how he uses COT but never actu. 5 blank charts). Then it begins to fall apart after that. The author explains how he uses COT but never actu. Absolutely essential in today's market A. Horne As a active FX trader and follower of the methods of Larry Williams Jake Bernstein, I found this book essential to developing a workable, scalable and most importantlyprofitable trading plan. Backtested and forward testedin a word, it works! Solid, straightforward writing, examples and formulas. Recommended highly for the experienced trader; newbies probably won't grasp it. It is not a Holy Grail; the methodology requires a good deal of screen time experience and actual manual trading to calibrate the . Very strong tool to consider in your trade decision making process I am a long time reader of DailyFX site and find it very useful.One tool that caught my attention some time ago was the COT report column, write by Jamie Saettele.The book goes further in explain the COT report itself, how to generate indicators from COT data, how to interpret it and, finally, how to use it as a tool to help trigger trades.Well explained, with plenty of charts, it also has an introduction to Elliot Wave theory, largely used by the author in his tracking of markets.I recommend the book

JAMIE SAETTELE is the Technical Currency strategist at Forex Capital Markets LLC (FXCM) in New York. His technical strategy is published daily at DailyFX. . A graduate of Bucknell University, Saettele is an active currency trader employing both discretionary and systematic approaches to the foreign exchange market. He has contributed to Technical Analysis of Stocks and Commodities magazine, SFO magazine, Futures
As a Technical Currency Analyst for Forex Capital Markets LLC—the largest player in the online currency-trading industry—Saettele shares his invaluable insights with thousands of traders each day. As a result, the amount of technical and fundamental information available to traders has increased exponentially in recent years. Trading on sentiment works because market tops occur when the majority of traders are overwhelmingly bullish and market bottoms occur when an overwhelming majority is bearish. With Sentiment in the Forex Market as your guide, you'll quickly discover why this is true and how you can make more money with this proven method.. Now, with Sentiment in the Forex Market, he'll show you ho