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  • #1,193,221
  • Apr 27, 2021 3:32am Apr 27, 2021 3:32am
Quoting here2there
{quote} That is true! There are better opportunities there. But it is high risk, because the market is so volatile. It could drop 20% or more in a single day. It's crazy!
Yes it is. So volatile. But I recently found there is a beautiful harmony in Crypto charts. But still I'm not ready to go there. I love Forex market and trading it for more than 12 years. I have less confidence there and more here.
Trade to enjoy... Money is after!
  • #1,193,222
  • Apr 27, 2021 3:47am Apr 27, 2021 3:47am
shhhh everyone is busy buying trusting cot

Hi PATIENCEfX

HOW DO YOU use the COT... can you share some ideas pls

thank you
  • #1,193,223
  • Apr 27, 2021 4:11am Apr 27, 2021 4:11am
Quoting here2there
{quote} It's funny that you would say that considering the COT data comes to us 3 days LATE, and to make matters worse, on Friday of all days (no trading allowed for retail on weekends, but banks get to have their fill). Lol Frankly, I think COT works for you because you believe it works for you. I would like to see the results of 100 trades you have taken based on COT data. It's my guess you will have more losers than winners.
I am very aware that COT data is delayed, I even mentioned it in my last post, that does not make the data useless as you are assuming. Also, I do not need to show you any proof of my trades "using COT" that doesn't even make sense I don't trade based off COT alone, I only use it as a part of my fundamental analysis.

Do you think the CME posts the data for fun? Do you think there are no profitable traders who find this data useful? Think again dude. Just do your own research and you will see yourself that many people know how to use it, just because you don't doesn't mean it isn't useful data.

COT is only a tool, like any other "Indicator" and I find it useful because I know the data is accurate.

If you don't know how to use COT data to your advantage that sucks for you but don't go around here assuming you know everything, you are ignorant.

Also, saying someone may have more losers than winners just goes to show that you don't know how to trade because if you did you would know that win% does not even matter in trading what matters is p/l....
  • #1,193,224
  • Apr 27, 2021 4:32am Apr 27, 2021 4:32am
COT data like, everything I use to calculate forex is a comparison measure. When you see that this report, rsi, macd ma's doesn't work then you should ask your self, is the market shruging off recent data, whats happening. I createa scenario and take clues from my history and then may stay aside, or change direction.

Don't forget PatienceFX just joking!
Looking for profitable short term trades ...|
  • #1,193,225
  • Edited 5:12am Apr 27, 2021 4:56am | Edited 5:12am
FED may fail to keep Dollar down this Wednesday

Attached Image


Ranging conditions inside this range.

Attached Image


Data on the calendar like, this above can help change its mind, or the markets mind!
Looking for profitable short term trades ...|
  • #1,193,226
  • Apr 27, 2021 4:58am Apr 27, 2021 4:58am
Quoting Js3mwtRc
COT data like, everything I use to calculate forex is a comparison measure. When you see that this report, rsi, macd ma's doesn't work then you should ask your self, is the market shruging off recent data, whats happening. I createa scenario and take clues from my history and then may stay aside, or change direction. Don't forget PatienceFX just joking!
cot will start working again on wednesday fed news, till then market is off on vacation
Attached Image (click to enlarge)
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  • #1,193,227
  • Apr 27, 2021 5:19am Apr 27, 2021 5:19am
Quoting PatienceFx
{quote} cot will start working again on wednesday fed news, till then market is off on vacation {image}
Anything might happen until then, just my idea ... posting here with your chart is challenging.

Attached Image

Looking for profitable short term trades ...|
  • #1,193,228
  • Apr 27, 2021 5:48am Apr 27, 2021 5:48am
If some of you are interested in cryptos and bitcoins things like that, I invested $5,000 for now in hive blockchain technologies. It is going slowly, but I see this one going up for a while.

EURUSD still bullish. Trade safe.
  • #1,193,229
  • Apr 27, 2021 5:53am Apr 27, 2021 5:53am
Attached Image (click to enlarge)
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  • #1,193,230
  • Apr 27, 2021 6:47am Apr 27, 2021 6:47am
i have just made an excel workbook using futures cot data and im watching hedge fund footprint, i made 69 pips two days in two trades on yen weakness and capitulation moves. cot works you just gotta find harmony in you TA vs FA
be a thinker before being a reacter
  • #1,193,231
  • Apr 27, 2021 6:54am Apr 27, 2021 6:54am
after friday cot release on Monday everyone went long, so stop hunting started

now that all stops have been cleared its back to business as usual lol
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 22 KB
  • #1,193,232
  • Apr 27, 2021 7:10am Apr 27, 2021 7:10am
Quoting PatienceFx
after friday cot release on Monday everyone went long, so stop hunting started now that all stops have been cleared its back to business as usual lol {image}
booked
Attached Image (click to enlarge)
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  • #1,193,233
  • Apr 27, 2021 7:56am Apr 27, 2021 7:56am
Quoting F.g
{quote} I am not sure , man......My SL is at 1.21 11
I am not sure either, it's consolidating around 1.2080. We may still see a rally past 1.2100 this week.
  • #1,193,234
  • Edited 8:26am Apr 27, 2021 8:13am | Edited 8:26am
I think it will go up from here ...

EDIT: Correction - now it wants down !!!!
  • #1,193,235
  • Apr 27, 2021 8:16am Apr 27, 2021 8:16am
Quoting boodvah
i have just made an excel workbook using futures cot data and im watching hedge fund footprint, i made 69 pips two days in two trades on yen weakness and capitulation moves. cot works you just gotta find harmony in you TA vs FA
Good on you man, I have a similar approach.
  • #1,193,236
  • Apr 27, 2021 8:35am Apr 27, 2021 8:35am
US 10 Y yield rising slow and steady .

COVID woes getting worse .


Yet RISK ON sentiment still prevailed .

I suspect this is trapping those bull buying near peak .


*my acc still in RED from the heavy shorts .
Attached Image (click to enlarge)
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  • #1,193,237
  • Apr 27, 2021 9:36am Apr 27, 2021 9:36am
Quoting paogeh
US 10 Y yield rising slow and steady . COVID woes getting worse . Yet RISK ON sentiment still prevailed . I suspect this is trapping those bull buying near peak . *my acc still in RED from the heavy shorts . {image}
finally i got proof that Monday price 2112 was the best place to start shorts from

and that the friday cot report is going to screw bulls wholesale

short taken with 2120 sl
  • #1,193,238
  • Apr 27, 2021 9:47am Apr 27, 2021 9:47am
Quoting PatienceFx
{quote} finally i got proof that Monday price 2112 was the best place to start shorts from and that the friday cot report is going to screw bulls wholesale short taken with 2120 sl
2025 target set for short (s)
  • #1,193,239
  • Apr 27, 2021 10:07am Apr 27, 2021 10:07am
Quoting viptrading
{quote} I am very aware that COT data is delayed, I even mentioned it in my last post, that does not make the data useless as you are assuming. Also, I do not need to show you any proof of my trades "using COT" that doesn't even make sense I don't trade based off COT alone, I only use it as a part of my fundamental analysis. Do you think the CME posts the data for fun? Do you think there are no profitable traders who find this data useful? Think again dude. Just do your own research and you will see yourself that many people know how to use it,...
I have done my homework and that's why I have come to the conclusion that the COT report, though true, is not very helpful for trading. There are better and more accurate ways to identify the direction of the market.
Learn from your mistakes and march on.
  • #1,193,240
  • Apr 27, 2021 10:23am Apr 27, 2021 10:23am
Quoting here2there
{quote} I have done my homework and that's why I have come to the conclusion that the COT report, though true, is not very helpful for trading. There are better and more accurate ways to identify the direction of the market.
Just because you can't use it does not mean someone else can't.
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