Why are there any trading strategies depending on the weekly COT
report?
For great advice on how best to trade the COT reports check out Steve Briese - he is the King of COT.Originally Posted by ;
Here in FF I haven't seen a dedied thread, only the odd mention...
I always been interested in utilizing COT as one of the trading tool, but sadly till now still do not understand how to browse the COT REPORT.
Can anyone guide on this?
Originally Posted by ;
COT reports might be important in commodities, but I can't imagine how somebody would use them in forex. I think currency stocks follow spot forex.
COT is weekly. If you are trading the weekly charts I suppose you can use COT info, but... uhm, if you are trading the weekly you do not NEED COT info.
Have you read this?
https://forexintuitive.com/attachmen...1760988332.pdf
Personally I go to http://www.timingcharts.com and review the charts there.
Ilook for the commercials and large traders places to come together.
This is a trade I did last year.Its that a commodity-some say COT works better with commodities.
I watched the positioning come together (black circle).Then entered after a fashion line bounce (green).
I am currently watching the price since there is potentially a similar situation in the red circle.
Many people today say follow the advertisements positions,some say follow the big traders.
Nobody says follow the tiny speculators and this is a fantastic illustration why
Have a look at this.... http://www.pfxglobal.com/follow-the-...ion-video.html