I've said it a million times on this site:
“Analysts are not traders, they are publishers. They are forced to perform on a daily basis and release information regardless of market conditions. As a result, many are oftentimes found guilty of common pitfalls that traders interpret and subsequently trade.
An analyst at Deutsche Bank / some guy on a forum / a retail broker’s 20-something year old analyst with a $30,000/year salary isn’t trading your account.
You are. Always be weary of theory.”
In a recent presentation I showed the following image….and it's one of my favorites. It's the Reuter's Forecast Poll of major banks for EUR/USD over the actual currency price. Power of authority, or whatever you want to call it, is unquestionably one of the biggest hurdles that battle traders, particularly when they are starting off. I posted an article a while back entitled Death By Opinion. That post outlined the theory. This, essentially, is the proof.
I am in grab and go mode today so apologies for the dated chart, but you get the jist. Click to enlarge / enjoy:
P.S. If you're ever going to use any kind of moving average crossover system, use this one. It seems pretty reliable.