Pro Traders Club member’s area provides video teaching content for developing and experienced Foreign Exchange traders. The Pro Traders Club content is offered to help you develop as a trader forex how to trade fundamentals long term sustainable success. The goal is for the trader to become an independent thinker by going through a properly structured process of development aiming to internalize the deeper elements of market structure, price delivery, price action and fundamental components. If youdon’t commit to a structured development process, you will meet failure.
The intra-day models are based largely on the function and patterns of interbank price delivery and geometric fractal. Long term positions combine fundamental and technical considerations. Wherever you decide to learn the skill of trading, your goal is to methodically internalize your own trading skill and become an independent thinker. A live webinar sessions and more. Tidbits – written by market expert Joe Ross. Sometimes these reports agree and sometimes disagree.
What is your opinion on the sentiment reports? Although these reports sound scientific, nothing about the trading markets can be measured with scientific precision. There is no practical purpose for measuring a market precisely and most market measurement is at best only a rough estimate. When we measure futures markets, we are basically also measuring human behavior, and human behavior is not easily measured. When it comes to forecasting financial market conditions or market sentiment it makes no sense to strive for extreme accuracy. Commodities futures and forex market prices are based on human opinion. An estimate of trader or investor opinion is merely a guess because not everyone has the exact same opinion, and because it is difficult to accurately measure an opinion.
The best a commodities market sentiment report can offer is a statement of probability based on a few important assumptions. Let’s face it a sentiment report assumes that the universe being measured is actually real. Another assumption is that the measurement of the opinion is reliable. I have seen this phenomenon in action.
When I owned a farm and mingled with other farmers at various meetings, it was obvious that the farmers never told the county agent their true planting intentions. The assumption that the universe was real was often met because the agent did indeed poll farmers. The second assumption that the opinion was reliable was hardly real because for various reasons some farmers may have lied to the agricultural agent. It’s difficult to measure a market opinion. And just because an opinion or intent is stated, doesn’t mean the person giving it will act on what they say.