Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes (Wiley Trading)
Crowds move markets and at major market turning points, the crowds are almost always wrong. 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. Sentiment has long been a tool used by equity, futures, and options traders.
In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditiona
List Price: $ 75.00
Price: [wpramaprice asin=”0470208236″]
[wpramareviews asin=”0470208236″]
Don’t be fooled by the book title!,
There are less then 80 pages about sentiment indicators in this book. Fundamental Analysis, Technical Analysis, Elliott and Fibo make the rest. In 80 pages, the author talks about 4 sentiment indicators: Magazine Covers, Headline News, COT Report, and the FXCM SSI.
I have paid over 50 USD (with shipping) for information that I can find on the internet for free.
Was this review helpful to you?
|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 because of it introduces this subject in a very straight forward way, easy to understand and apply immediately in your trading routine.
Was this review helpful to you?
|Review of suspicious positive reviews,
Below are the dates of the 5 star reviews.
7 of 8 are written on 4 Nov 2008
1 of 8 was written on 3 Nov 2008
The book was published on 4 Aug 2008.
Please draw your own conclusions.
Was this review helpful to you?
|