Welcome to Forex Bullish Consensus!

I have been working with contrary opinion and bullish consensus in FOREX for 13 years. The FOREX Bullish Consensus Report offers weekly figures, analysis, and brief commentary.

While bullish consensus is not in itself a trading method it is a great complement or edge to just about any trading method of system.
If you have questions, please feel free to contact me.
 
Michael Archer
Partner, Forex Bullish Consensus

info@forexbullishconsensus.com

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FOREX
BULLISH
CONSENSUS

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Contrary opinion
Week of 26 March 2023

Polling Summary

EURUSD 74 +4
Largest PRO Net Change: USDJPY -28
Largest AM Net Change: USDCHF -18
Largest PRO/AM Spread: USDJPY 26

From our book: Using Contrary Opinion and Bullish Consensus in FOREX

Contrary opinion is the phenomenon; bullish consensus is a technique based on a measurable quantity to utilize it effectively in a predictive fashion. Bullish consensus quantifies contrary opinion allowing it to be analyzed, studied, and manipulated for predictive effect.
 
The ‘consensus’ is of a defined group of traders. It is expressed as a percentage of the traders in that pool who are bullish. A consensus of traders above 90% is deemed bearish; a consensus of traders below 20% is deemed bullish.
Earl Hadady did the seminal work on contrary opinion and bullish consensus in commodity futures back in the 1970s. His book is worth a read. The most recent edition is titled: Contrary Opinion: Using Sentiment to Chart the Markets (John Wiley and Sons, 2000.)
 
When I first traded futures at Peavey & Company (later acquired by Geldermann, then acquired by the later defunct Refco) one of the few successful traders I met, an elderly gentleman, used quite a simple system blending a moving average, a relative strength type indicator and Hadady’s bullish consensus numbers. He called it Triad. This could be used two ways: 1) The bullish consensus figures may act as a secondary tool, a filter, to avoid false signals from common indicators or 2) Using bullish consensus as a primary tool, a common indicator may help time the proper entry into the market.
 
To be effective and predictive, bullish consensus works best used in conjunction with a simple timing tool. I have reconstructed this pleasant little Triad tool with a rule base and publish it weekly in my FOREX Bullish Consensus Report.
Bullish consensus, as Mr. Hadady worked it out operates in this fashion: If – ceteris paribus - more than 90 percent of traders are bullish the market is a Sell, you are going against the crowd by exercising a contrary opinion.
 
If less than 20 percent of traders are bearish the market is a Buy. Bullish consensus is naturally systems-neutral and may easily be incorporated in any timing indicator or method. It is a great complement to every trader’s arsenal!
 
It takes 90 percent of traders to generate a bullish consensus Sell. The mirror image for bullish equivalent is 10 percent. Why is it 20 percent? It takes more to turn a bull market down than it takes to turn a bear market up. These were Hadady’s original numbers and in a tribute to his ground-braking work I believe they are still valid and the most accurate half-century later.
 
 

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The FOREX BULLISH CONSENSUS REPORT

The FOREX BULLISH CONSENSUS REPORT

The FOREX BULLISH CONSENSUS REPORT is a New and Unique Tool for Currency Traders that combines the opinion of over 100 traders and 18 currencies in one convenient report.

The FOREX BULLISH CONSENSUS REPORT

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PROCESS

Opinions

FOREX Bullish Consensus collects the opinions of over 70 Professionals and 60 Amateurs each week.

Currencies

FOREX Bullish Consensus Report Polls each Professional & Amateur trader on the 18 most popular FOREX Currencies.

idea
Record

FOREX Bullish Consensus Report record all the results in one convenient report for the traders and adds comments and tips.

Report

FOREX Bullish Consensus Report publishes the final report from over 100 traders on around 18 currency weekly for your convenient.

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FOREX BULLISH CONSENSUS

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  • Offers a unique edge for trading currencies.

  • Tracks the eighteen most popular FX pairs.
  • Over 100 Professional opinions and accurate predictions.
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Amateurs, but not by as much as you might think. Tracking them together is the best strategy.

Professionals since 2009

The FOREX Bullish Consensus Report is a tool that gather the opinion of Professional & Amateur traders on 18 currencies through polls weekly and organize them in a convenient report including charts , graphs , tips and predictions.

The FOREX Bullish Consensus Report includes 18 currencies currently and those are the following :
- AUDCAD
- AUDJPY
- AUDNZD
- AUDUSD
- CHFJPY
- EURAUD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURUSD
- GBPCHF
- GBPJPY
- GBPUSD
- NZDUSD
- USDCAD
- USDCHF
- USDJPY

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DISCLAIMER:

Nothing on this website or in the FOREX Bullish Consensus Report is meant to offer specific trades or advice on trading FOREX.

The FOREX markets are very volatile and highly leveraged. Your risk of loss is substantial.

Seriously consider your own situation before trading FOREX.

 

Some charts courtesy of www.metaquotes.net

 

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