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    Thread: How to Develop a Sentiment-Based Approach?

    1. #1
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      Default How to Develop a Sentiment-Based Approach?

      As a trader, it is your job to gauge what the market is feeling. Are the indicators pointing towards bullish conditions? Are traders bearish on the economy? We can't tell the market what we think it should do. But what we can do is react in response to what is happening in the markets.

      Note that using the market sentiment approach doesn't give a precise entry and exit for each trade. But don't despair! Having a sentiment-based approach can help you decide whether you should go with the flow or not. Of course, you can always combine market sentiment analysis with technical and fundamental analysis to come up with better trade ideas.

      In stocks and options, traders can look at volume traded as an indicator of sentiment. If a stock price has been rising, but volume is declining, it may signal that the market is overbought. Or if a declining stock suddenly reversed on high volume, it means the market sentiment may have changed from bearish to bullish.


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      Tracking the direction of people's sentiments is very difficult for me. Sentimental analysis can be only learned with time and experience as we develop as forex traders. I think an example of sentimental analysis is when a major terrorist attack happens in a leading country, people will naturally want to help them recover.


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      Quote Originally Posted by artos View Post
      domestic politics of a country also can influence forex markets both domestic and foreign,
      sorry if I am wrong ....
      thank you
      maybe but i think not so much movement in the market as it is a common issue for all countries.


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      Also get on the right move can earn some get profit,only that the trader need get on on time,ability of a trader to spot and determine the market sentiment at any moment will enable him or her go long and make good trade,sentiment most time drive trend to a particular direction


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      the only indicator for gauging sentiment on forex trading is analyzing Commitment of Traders report which is released every friday by Commodity and Futures Trading Corporation. I suggest you to analyze that report to see market sentiment. By the way that report will help swing traders or long term traders only.


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      I think actually it is so difficult to develop a sentiment based approach. However, you need to know about your paired countries economic situation.


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      If a stock price has been rising .but volume is declining ,it may signal that the market is overbought .or if a declining stock suddenly reversed on high volume ,it means the market sentiment may have changed from bearish to bullish


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      well its not really easy to Tracking the direction of people's sentiments because is very difficult but experience really help go a long way in the Tracking the direction of people's sentiment so we really need to study and learn the very best way to go about people sentiment


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      To me to develop the best sentiment based approach is to on the look on, bu look on i mean traders will to be current and always surfs for information dynamically and be sure on the interpretations of trades.


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      I think actually it is so difficult to develop a sentiment based approach.it is direction of the people and changing the life.


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