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Thread: Trader Sentiment and Positioning

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#12 (permalink)

05-29-2007, 09:22 AM

Jamie Saettele Jamie Saettele is offline

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In trending markets, taking the opposite side of the SSI does work (if SSI is negative, then go long). Here is a chart of the EURUSD with the SSI below. The SSI has been negative since October (with the exception of one spike above 0 in January), and the EURUSD has continued to rise. It sounds like your trading is more aggressive and shorter term in which you trade both sides of the market (trend and countertrend). The SSI is a trend following indicator and may not be of much use to you.

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