Sentiment in the Forex Market Quotes

“The sentiment indicators that we will examine later prove that market participants herd. By definition, herding means that the emotional part of the brain, the limbic system, is in charge. Remember, this is the same part of the brain that controls fighting and the emotion of love. Do you ever think rationally when it comes to fighting or love? Similarly, the neocortex (rational thought) is subservient in financial speculation. Therefore, the study of sentiment indicators, or the study of crowds, is more important than the study of economic indicators, if you wish to make money trading. The”
― Jamie Saettele, Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes

“the trend has been established before the news is published, and in all bull markets bear items are ignored and bull news items exaggerated; and vice versa.”1”
― Jamie Saettele, Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes