Disliked{quote} my question. i see the release date. isn't it out of date anymore?Ignored
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Disliked{quote} my question. i see the release date. isn't it out of date anymore?Ignored
Disliked{quote} COT comes out every Tuesday for institutions. For us retail traders, it is available every Friday after 3:30pm. They do work, it is a very important tool in trading, especially for longer term trading. Don't use it for day trading as it does not help at all. It is mostly good for long term hold positions for weeks, months.Ignored
Disliked{quote} COT is useless...when EU went from 800 to 1300, institutions were most short in years...and EU went up another 1000+ pips from there, without a retrace even.Ignored
DislikedMarket is moving from C to D (green) however we have a shallow B to C pullback and the current resistance is hitting what would be considered a 138 Fibonacci expansion. The small B to C pullback gives a probability of 80% that the market will hit the 138 (WHERE IT IS AT NOW) and pullback to the B or even lower to the 38 Fibonacci retracement before moving to the D. {image}Ignored
Disliked{quote} the only problem with this abcd pattern, and wave theory in general, is that they are not good even for a martingale expert. not a crime, only experience tells.Ignored
Disliked{quote} UMM... Martingale? I don't use experts and martingale. The levels I use, come from years of using the standard Fibonacci retracement and expansion and the sheer frustration with them. I created this tool or rather had the tool redone for my use, with my levels, because I know that the market is not random or chaotic. Every swing no matter the size or whatever TF is precise. My levels capture the preciseness of the market, with or without the colored levels. You are correct that wave theory has its flaws, but mine does not.Ignored
Disliked{quote} No, it is useful for longer term. You mean 1.0800 - 1.13xx... COT history shows clearly that institutions were adding long positions and there were more longs than short positions, just like now. So, longer term COT works. And you are wrong that institutions were mostly short, no they were not. I'll attach COT history from April/21/2020 to July/07/2020 and you will see that institutions majority were long. And compare that to weekly or monthly charts, and you will see that it works. https://www.cftc.gov/sites/default/f...mesf042120.htm...Ignored
Disliked{quote} i see the given level d, , hmm. if it doesn’t slip any further, it can be good. but I doubt he can no slide any further.Ignored
Disliked{quote} I attached COT(dealers) from july last year...EU broke above 1.13 and was hovering around 1.14...dealers were short like not in a long time...more short than they were at 1.25...and yet...EU kept going up like is no tomorrow. So I am very sceptical about these reports...who knows how much of it is even real, when we know how many numbers and reports are being faked in the financial world. {image}Ignored
Disliked{quote} That's what I said, the market is at what Fibonacci with standard levels calls a 138 which has a 80% chance of reversing and a 20% chance of going straight to the D. Even with my levels I can still see what all the other Fibonacci and wave chartists see, but I have an edge. Actually I have 3 more but I will never share that knowledge here publicly.Ignored
Disliked{quote} yes i understand usually the abcd and wave theories have the trouble that the expected level can slide further. and this is a very big problem. so stallion I haven't used it in a very long time. but if it works for you that's good.Ignored
Disliked{quote} That is the reason I changed the levels. The "experts" that teach this stuff and charge thousands of dollars for it would say stuff like we are in the 3rd wave in the 2nd blah blah blah.. and people pay them for that nonsense. Or my other fav is the market is purely random, lol. More nonsense. I can use my levels on any instrument no matter the market, stocks, options, futures, indexes, forex and crypto. And timeframe, they are all the same.Ignored
Disliked{quote} It is as real as it gets. I attached some of the history, you can check it out on your previous post. Pay attention to non-commercials, not the dealers.Ignored