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Thread: Trader Sentiment and Positioning

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#7 (permalink)

05-18-2007, 11:17 AM

Jamie Saettele Jamie Saettele is offline

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Jamie Saettele is an unknown quantity at this point

I'm glad that you enjoy the posts and other reports. I also like the COT data much better. The COT report helps us understand the big picture and warns of possible major reversals. All sentiment indicators simply move with price...it is the way that we interpret them that offers insight. It is easy to look at the SSI and simply say that...because it is short, we should be long. The real insight is had once a sentiment indicator, whether it is SSI or COT, reaches an extreme....then we look for a reversal.

On to GBPJPY, it looks ripe for a turn. I am trading it but keeping risk VERY tight. Markets tend to turn at big figures and with EURJPY pressing 164, AUDJPY pressing 100 and GBPJPY pressing 240....watch out.

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