August 2008
Intermediate to advanced
208 pages
6h 50m
English
book
Sentiment in the Forex Market: Indicators and Strategies to Profit from Crowd Behavior and Market Extremes
by Jamie Saettele
Content preview from Sentiment in the Forex Market: Indicators and Strategies to Profit from Crowd Behavior and Market Extremes
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
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Contents
Preface ix
Acknowledgments xi
CHAPTER 1 The Argument for a Sentiment-Based
Approach
1
What Is Fundamental? 4
Top-Down Approach 4
Reminiscences of a Stock Operator 5
CHAPTER 2 The Problem with Fundamental Analysis
9
How the Human Brain Works 10
The Myth of Economic Indicators 11
Nonfarm Payrolls 12
Gross Domestic Product 16
Trade Balance 18
Treasury International Capital 19
Producer and Consumer Price Indexes 25
Conclusion 30
CHAPTER 3 The Power of Magazine Covers
31
The Death of Equities—August 13, 1979 32
Magazine Covers in the Currency Market 32
Conclusion 49
v
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vi CONTENTS
CHAPTER 4 Using News Headlines to Generate Signals
53
Where to Look 67
Conclusion 67
CHAPTER 5 Sentiment Indicators
69
Commitments of Traders Reports 70
History of U.S. Futures Trading 71
Currency Futures History 73
Reading the COT Report 74
Using COT Data with Spot FX Price Charts 75
Understanding the Data 76
Watching the Commercials 77
Watching the Speculators 78
Commercial and Speculators Give the Same Signal 80
The Approach 83
Open Interest 91
Other Sentiment Indicators 93
Conclusion 100
CHAPTER 6 The Power of Technical Indicators
101
What Is Technical Analysis? 103
Keep It Simple ...
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