Sive Morten
Special Consultant to the FPA
- Messages
- 18,727
I have to say that I'm surprised at what this has turned out to be. I expected some sort of market sentiment indicator such as 80% of voters are bearish EURUSD this week. I'm not sure what benefit this indicator will have other than to confirm what anyone who follows Sives analysis will know - It works!
Since the purpose of Sives work is educational the greatest successes are the people who don't trade based on his posts but who trade based on what they have learned and now apply themselves!!
All the best
Michael
I thought this too... whats really going on here M?
The same here...
i follow Siva's posts for many years now, but rarely take his signals - simply eud/usd hours are not the best trading hours for me.
i admire Siva for his commitment, persistency and quality!
This "sentiment" index may fit in the fx signal portion of fpa, but i would not ever rate what Siva gives us by these 5 questions!
i concure with Michael - it is not what I expected to see.
cheers and happy trading
Hi guys,
thank you for your opinion. Let me clarify some moments.
Actually this is not the sentiment of net position that we've talked previously. Those indicator is still in building process, since it will involve the some web programming and FPA cite resources and it is not as easy to do as it seems.
Why we need current sentiment index?
1. New people arrive. There are a lot similar cites in the net and it is difficult to understand is particularly this one worthy of attention or not. But this is not the major point.
2. I will keep an eye on this index and will see - can I somehow improve overall results. For instance, I've got a possibility now to drift among different major pairs with my analysis. Thus - it will be interesting will it give some results for our forumers or not
3. And finally - we need that you make money. This is some kind of efficiency test.
May be after some time we will find another application of this index. Anyway - it is not very difficult to support it, since we do not need to program anything and there will be not difficult for you to vote once a week and post results of your trading. (Nex survey will not be public).