Hi guys today I want to do a short educational on how I use the CoT-data to validate longer term EW counts. Normaly I update my CoT-Spreadheets on Sunday. But since we have been waiting for the data to be released for three weeks now, I have time to show you, how useful it can be. Unfortunately my english writing skills have detoriorated over time but I guess...
Hello Traders! This is how I use COT DATA and analyze it. Commercials are normally right. Other groups trading forex are normally wrong.
What is retail sentiment? Have you ever noticed on your broker site that it has a statement along the lines of "70%+ of retail traders lose money"??? This is directly related to retail sentiment - in short, institutional money make their money on others losing money in the online marketplace. Every forex trader will always have an opinion about the market. ...
This is NOT an in-depth explanation or a way to trade, this is just highlighting some basics from a question I get a lot, you might see some traders talking about COT data. You may even see it in some posts. There's no magic to it, all you need to know is what exactly it is. Of course, if you can use it within your edge to understand some bias by the bigger...
WHAT IS IT The Commitment Of Traders (CoT) is a report issued by the Commodity Futures Trading Commission (CFTC) , one of the most important trading insitutionsof the American government. The report has the purpose of transparently showing market dynamics to the all the people involved or interested in the matter. The COT report show all currently open positions...
Part 2 Fundamental noise filtering I place far more weight on fundamental analysis then technical. At first I thought it was useless as half the news or analysts would say one thing and the other half would say the opposite. the trick is to only look at sources that can reliably and logically be shown to have a impact on the market. Who has an impact on the...
In my previous chart of EURUSD, you will find lots of details explaining why I am anticipating a new bearish cycle in which the wave 4 (in circle) was about completed and wave 5 (in circle) was about to commence. There are lots of additional charts in comment section to help validate longer term view. This chart is linked below for your reference. We did not...
Commodity & Futures Trading Commission gather data from various Exchanges and compile which are then released and are available on their Websites - www.cftc.gov Commitment of Traders Data = COT (abberiviation) These data are released on Friday of Each Week after Market Closes. They are based on Positions as close of Tuesday of that week. These are compiled to...
COT report stands for Commitment of Traders report. It tells us about where the Big Boys are placing their ‘bets’. The COT is published weekly on Friday and reflects Tuesday’s data. Practical Exercise 1) Refer to the COT report data given below. 2) Write down your interpretation of the data. 3) What are your observations and what they mean to you as a...
Before reading this I want people to understand that this kind of trade doesn't always work (NO TRADING SYSTEM DOES) so if this single trade doesn't work, don't lose confidence in the technique - it has served me extremely well and I have used it many times before. Both for USDJPY (2 ideas) and USDCAD (1 idea) - you can find these ideas on my page. Links to...