Does anyone know about COT charts
I was at a meeting where someone was speaking about them. I just do not really know what to do with them. If they are "the smart" how do we use this information.. I understand the 3 groups & the two parts to the report.
But when do we buy or sell?
I was thinking if Com. traders (the really big guys) are short on positions
but long on the COT itself It would be a great time to buy?
That is the best I can come up with? But maybe I am missing something.
Also what is the lead time you see this money start to effect the market?
Months- weeks- days .. I don't believe it would be hours.
Anyone know?
I have read a few things on COT, but they never seem to give more then general information. ie say with the Com. traders stay away from the small traders.
Does anyone have some other Ideas?
Thanks
Dan
I was at a meeting where someone was speaking about them. I just do not really know what to do with them. If they are "the smart" how do we use this information.. I understand the 3 groups & the two parts to the report.
But when do we buy or sell?
I was thinking if Com. traders (the really big guys) are short on positions
but long on the COT itself It would be a great time to buy?
That is the best I can come up with? But maybe I am missing something.
Also what is the lead time you see this money start to effect the market?
Months- weeks- days .. I don't believe it would be hours.
Anyone know?
I have read a few things on COT, but they never seem to give more then general information. ie say with the Com. traders stay away from the small traders.
Does anyone have some other Ideas?
Thanks
Dan