See where the crowd is positioned — then think the other way.

48-hour basket trend, with a "what if" line

Each line is the share of retail traders long a currency (and gold), hour by hour, over the last 48 trading hours. Weekends are cut out so the gaps don't distort the picture.

• Contrarian read: crowd buying a currency is a bearish lean; crowd selling is a bullish lean.
• Watch the slope, not just the level. A line falling fast means retail is dumping that currency right now.
• Dashed tail = "what if the trend holds" — where each line lands over the next 4 hours if it keeps its current pace. It's a projection to frame the day, not a forecast.

In this sample, the gold crowd slid from the low 70s to around 52% long over two days, while NZD sat stubbornly near 85% long the whole time.

FXCM SSI — live crowd positioning

FXCM's Speculative Sentiment Index, read into the sheet automatically every hour, now across FX, gold, oil and the major indices (US30, SPX500, GER30, UK100, FRA40).

• Red bars (SSI above 0) = crowd net long → contrarian SELL lean.
• Green bars (SSI below 0) = crowd net short → contrarian BUY lean.
• Further from zero = more one-sided. The right-hand chart lays now, 4 hours ago and 24 hours ago side by side, so you can see whether the crowd is pushing harder or backing off.

Sample: USDCHF stood out at +6.9 — a heavily one-sided long crowd, and still growing over 24 hours.

Signal feed — every check, one line per pair

Instead of flicking between tabs, the signal feed pulls everything the QDB Sheet knows about a pair into a single row, refreshed through the day. Green means a check is passing; red means it's pointing the other way or blocked.

• QDB score & level signal — the 12-point score, and whether it's strong enough to lean buy (1) or sell (−1).
• QDB Δ24h & Δ signal — how much the score has changed in the last day. A score that's building matters more than one that's fading.
• Cohort status — what the crowd is going through right now: Crowd capitulating (giving up on their side), Fresh longs / shorts winning, or Normal.
• Crowded side — which way most retail traders are leaning on that pair.
• ATR stop — a stop distance in pips sized to how much the pair is actually moving, so a quiet pair and a wild one aren't treated the same.
• Safety gates — Buy / Sell allowed checks the wider market mood (risk on/off and oil) and Failure-rate OK checks that the crowd is actually underwater. If a gate says FALSE, that direction is off the table.

Sample: GBPUSD scored a full 12 and EURJPY 11, both leaning buy. EURUSD and EURCAD flagged crowd capitulating — the long crowd throwing in the towel. USDCAD leaned sell with a score of 2, and the mood gate blocked buys on it. Live feed is for members only.

Top 3 bubble trades — ranked, with context

This is where the sheet stops being "just data" and gives members a short, ranked list. It pairs the currency the crowd is most wrong about on one side against the weakest on the other, then checks the crowd on the actual pair before calling it ready.

• Score — e.g. CHF +3 vs AUD −2 gives a net +5 setup.
• ✅ Ready — the crowd is on the other side of the trade, but not at an extreme.
• ⏳ Extreme – wait — the crowd is beyond 85/15. At extremes the crowd can stay right for a while, so we watch rather than jump in.

Sample: SELL AUDCHF and BUY CHFJPY were both Ready; SELL NZDCHF was parked on wait with the crowd 91% long. Live setups are for members only.

Newtonian Sentiment — the crowd as a body in motion

Price isn't the only thing with momentum. This view treats the crowd like a physics problem: how fast is it moving, is it speeding up or running out of steam, and is it starting to snap back? Every currency gets a phase, a reaction and a one-paragraph summary written in plain English.

• Phase — e.g. High Velocity Buying (retail piling in fast), Drift Selling (slowly adding shorts), Coming Off Upper Spring (unwinding from a stretched long).
• Reaction — what's happening underneath, using open interest: are longs closing, shorts closing, or both sides adding?
• Weekly and daily bias side by side, so you can see when they agree.