The FOREX BULLISH CONSENSUS REPORT

Where does the trader get the bullish consensus opinions?

Of course, you could scour the Internet
– there is plenty of free advice on currency pair trend! Or you could subscribe to numerous market
gurus for their insights. These would be time consuming and expensive. Nor would they offer
clear opinions of specific pairs over a specific time period, limiting their effectiveness as a
predictive tool.
In my half-century of trading commodity futures, currencies, and equities I have developed and
nurtured a very large group of traders, both professionals and amateurs.
The FOREX Bullish Consensus Report derive figures from many of those traders and conducts
a weekly poll every Friday with this question:
“Are you bullish or bearish on [Currency Pair] for the next week?” If no opinion, please skip this
pair.

FX Bullish Consensus – Professionals

This is the group most followed. Professionals, money managers, bank and corporate traders,
and individuals trade and manage larger amounts of money and they are less prone to outside
influences such as news reports and the like. Ergo, when mostly agree, and the bullish consensus
numbers are very high or very low – ‘things happen.’
Each week on a Friday, 45-50 professional traders are polled for their prediction for the following
week on the eighteen most active currency pairs.

FX Bullish Consensus – Amateurs

My original FBC, published by FXstreet.com some years ago, only professionals were reported.
While amateur trading behavior is more erratic than professional trading, the basic 90/20 numbers
still apply and often prove insightful.

In FBCR each week on a Friday, 55-60 amateur traders are polled for their prediction for the
following week on the eighteen most actively traded currency pairs.