"Bull markets are born on pessimism, grow on scepticism , mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell."
Sir John Templeton
why we say buy time as : ( The time of maximum pessimism is the best time to buy)
visible HEAD AND SHOULDER pattern and cot chart hit to support area and make divergence and under construction Descending triangle
what is cot chart :
cot is commitment of traders
that report publish normally on each friday near market close
what cot report say too us
cot report show commercial and non commercial position status
what is commercial ? they are BIG producer and use DXY FOR hedge PURPOSE
who is NON commercial (Speculator)? large financial institutions like bank THEY MAKE MONEY WITH Speculation
we use non commercial net position chart for understand market situation(bull ,bear ,side way)
what is net position : total each week long position - total each week short position
what mean net position increase ?
that mean bank add long position and or offset (close ) short position therefore expect market bull
what mean net position decrease ?
that mean bank add short position and or offset (close ) long position therefore expect market bear
good luck
Sir John Templeton
why we say buy time as : ( The time of maximum pessimism is the best time to buy)
visible HEAD AND SHOULDER pattern and cot chart hit to support area and make divergence and under construction Descending triangle
what is cot chart :
cot is commitment of traders
that report publish normally on each friday near market close
what cot report say too us
cot report show commercial and non commercial position status
what is commercial ? they are BIG producer and use DXY FOR hedge PURPOSE
who is NON commercial (Speculator)? large financial institutions like bank THEY MAKE MONEY WITH Speculation
we use non commercial net position chart for understand market situation(bull ,bear ,side way)
what is net position : total each week long position - total each week short position
what mean net position increase ?
that mean bank add long position and or offset (close ) short position therefore expect market bull
what mean net position decrease ?
that mean bank add short position and or offset (close ) long position therefore expect market bear
good luck