JPY at end of trend?

http://en.wikipedia.org/wiki/Big_Mac_Index

;=)

 

I can't believe what I am seeing, the tide is turning & retail traders that "averaged down" are winning?!? Impossible! They always lose!

 

Retail traders are"winning" after actually depleting their margin accounts nearly 70-80 %.

If they try long enough, you will have a winner - let´s say 1 out of 10.

Meanwhile they need several hundred of % in profit to break even...

 

Assumptions galore!

There are $300 retail & there are capitalized smart retail traders, which ones form the majority of FXCM's data is only for them to know.

 

....

 

<img src=http://cdn.forexfactory.com/attachment.php?attachmentid=567956&d=1288099612>

 

Most retail traders losing money this way ...

But the Japanese female retail traders who piled on the gravy train for 10+ years on the ultimate carries before this financial crisis BS were winning almost all the time.

=)

 

My honorable greetings to Mrs. Watanabe !

 

Now, this looks more like a bottom formation building in GBP/JPY :



USD/JPY longs still extreme but much less so than in the last couple of weeks.

Oanda has slightly different figures :

http://fxtrade.oanda.com/