We use SSI to determine the Foreign exchange trend direction. Actually SSi is a trading device gauging Foreign exchange market sentiment. A negative SSI means the market price is continued uptrend direction, and if SSI positive then it means that the market Forex is continued downtrend direction. But What is SSI anyway? actually SSI is Speculative Sentiment index, this tool is traded to identify the trend direction of the Forex market. This trading indicator will be your great weapon once we already practiced well and you can use it for scalping trading system. In this article we are going to learn about SSI and how to use it in day trading.
Speculative Sentiment Index or SSI indicator is counted market price ratio that brings you a perspective of trader positioning and showing trading signals about the direction of the market trend. This technical indicator identifies when the market is in bullish or bearish market.
Good scalpers try to determine the market trend first, but most traders try to fade the direction of the market trend. In other words when SSI technical indicator forex shows the bearish or negative value, then the Forex traders must find for the market trend to be bullish trend. And if SSI technical indicator Forex shows the bullish or positive value, then the Foreign exchange traders must find for the market trend to be bearish trend.
Just remember when the SSI Forex indicator gives negative value then a strong bullish trend is active in the market.
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