SG, could you interpret this and tell me if I get it...?
From Oanda
Long-Short Ratios
1. AUD/JPY
80.43% 19.57%
2. USD/JPY
78.54% 21.46%
Open Position Ratios
1. AUD/JPY
5.19
2. USD/JPY
9.19
So if Im to understand this, the open positions is the % of the majors that the money is in... and the Long-short ratio is which side the money is on...
So for USD/JPY, Oanda says that 9% of the major money is in play, and out of those money people, 78.5% are long. Would the rule of thumb be follow the money, or would one think the opposite?
SJ
“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.” - da Vinci