Does anybody look at the clients short/long % on their platform

Beginner Questions
1

IG have this facility its interesting they have the overall, which more than often contradicts the hourly ,daily

2

I don’t look at it - not that it might not be useful, but because its impossible to tell what it means.

I accept the majority of clients are losing money - about 76% according to my broker - so doing what the majority do is unlikely to be a winning plan.

But right now they are showing AUD/CAD as 100% bullish in sentiment amongst clients. This is an extreme reading and a bit unusual but what does it mean? It could be just one lonely guy who’s got a 20 quid trade on the long side - that would give a 100% sentiment reading. But how useful is that as a pointer to buy or sell AUD/CAD today?

3

yes true i was thinking about maybe recording the overall percent through the week daily see how this relates and fluctuates at certain levels it " might" indicate where the shrewder money going

4

I use IG for charting as clean but dont use the sentiment as I trade what I see and could cloud my thoughts

5

overall 53 short now ,

6

yes stick to what you know best and what works in the here and now

1 Like
7

I found it to be unreliable. I was looking to go against the majority but it didnt work.

8

I think as it stands - an unquantified snapshot - its unhelpful. But maybe over a period of time its track can be made into something which offers some kind of pointer - maybe you should go ahead as you suggest.

1 Like