Experts Forecast Currencies Poll... Your Not to Miss Read for the Weekend

One of the most popular contents on FXstreet.com - for not saying the best content on the site.

We have experts, brokers and banks participating in this weekly poll updated every Friday in the afternoon.

Change the major of your interest in the drop down menu and enjoy!

http://www.fxstreet.com/technical/currencies-forecast/?pair=eurusd&...

Francesc


Views: 590

Comment by Mauricio Carrillo on September 2, 2012 at 10:45pm

Hi Peter,

Well, Experts, banks and brokers used to provide us with the levels and targets they believe pairs will reach in the mentioned mark every week. But I can not say the way they trade these numbers. The reason is because we don't ask for strategies or signals, just the levels they are expecting and in this line, we can have a sentiment index for the whole market.

Said that, surely they trade according to their predictions, the thing is that they could trade just one position, 10 trade or even 100 positions.

I remember in the latest ITC in June Ed Ponsi saying that if you do trade in top and wait for the bottom, you would miss a lot of trades! It makes me think and it is the same with experts providing levels in the forecast. Maybe they expect the EUR/USD reaching 1.2666 this week, but shall you trade now at long? I'm not sure because I don't know if they are already long now, or they want to wait to see the euro touching this level to go short. The only thing is supposed to know is that market are waiting the EUR/USD to touch 1.2666 this week.

They provide some comments as key actions to be followed to see their levels, but they aren't to be used as signal.

Why? because the forecast poll's original idea is to have sentiment index and to understand the way experts or banks or independents think but not as signal. And you know... experst, brokers and banks already used the estrategies information as confidential and this is the reason we have to pay for their services.

Anyway, sorry for my extended answer, hope it has been useful. And please be free to ask me anything you want, I will do my best to answer your doubts, if I can not do it, I will request appropiated experts for assistance!

Great Sunday, at least it is sunny in San Francisco! our late-summer is comming! yay!

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