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  • #1,193,241
  • Apr 27, 2021 10:29am Apr 27, 2021 10:29am
It looks like it repeats the same pattern with ECB, with the only difference that FOMC is one day before (Wednesday/Thursday) and some hours later. Look at bollinger.

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  • #1,193,242
  • Apr 27, 2021 10:35am Apr 27, 2021 10:35am
Quoting viptrading
{quote} Just because you can't use it does not mean someone else can't.
Who said I can't use it?

Just because I don't agree with your conclusion on the efficacy of COT report data for trading, it doesn't mean I don't know how to use the COT report.

I hope you don't put this much emotion into your trading. You are getting very emotional over this.
Learn from your mistakes and march on.
  • #1,193,243
  • Apr 27, 2021 10:50am Apr 27, 2021 10:50am
Quoting here2there
{quote} Who said I can't use it? Just because I don't agree with your conclusion on the efficacy of COT report data for trading, it doesn't mean I don't know how to use the COT report. I hope you don't put this much emotion into your trading. You are getting very emotional over this.
Ok, so maybe you just choose not to use it, and that's fine. I am not getting emotional I am stating facts. Many people use COT data not just me and consider it valuable to their trading method. Who are you to say what is and what is not good information?

I made a post about COT data and you came out of nowhere saying that COT is not valuable for trading....ok, that is an opinion not a fact. If you don't see the value in something that doesn't mean that other traders can't use it to their advantage.

If you understand what COT data is then you would know that it does have value, even if it is delayed it is valuable information. If someone chooses to learn about COT data they have to study the data and learn how to use it to their advantage. It's not a holy grail, using COT data alone isn't good enough but there is value in using it for fundamental analysis/understanding sentiment...

I think maybe you just don't like COT data, that is an opinion. If you would have came out and said "I don't personally like using COT data for xy reason" then I wouldn't have even responded to you, I can respect that, but that is not what you came on here to say.

Quote
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.

So, you don't know anything about my trading method but why would you make assumptions that have more losers than winners because I use COT data? Because of your own personal bias? I guess you think you know everything.
  • #1,193,244
  • Apr 27, 2021 10:59am Apr 27, 2021 10:59am
Quoting viptrading
{quote} Ok, so maybe you just choose not to use it, and that's fine. I am not getting emotional I am stating facts. Many people use COT data not just me and consider it valuable to their trading method. Who are you to say what is and what is not good information? I made a post about COT data and you came out of nowhere saying that COT is not valuable for trading....ok, that is an opinion not a fact. If you don't see the value in something that doesn't mean that other traders can't use it to their advantage. If you understand what COT data is then...
Where did I say there is no value in using COT data for trading? You are reading meaning into my words. It's not that it isn't useful. It all depends on what you are looking to get out of it. But personally, I have found there are better and more accurate tools to identify the direction of the market. In other words, the COT report isn't needed, nor does it give a trader an edge, in my opinion. If you disagree with that, then I challenge you to start a thread, post a weekly trading idea based on COT data, and prove me wrong.
Learn from your mistakes and march on.
  • #1,193,245
  • Apr 27, 2021 11:06am Apr 27, 2021 11:06am
Quoting here2there
{quote} Where did I say there is no value in using COT data for trading? You are reading meaning into my words. It's not that it isn't useful. It all depends on what you are looking to get out of it. But personally, I have found there are better and more accurate tools to identify the direction of the market. In other words, the COT report isn't needed, nor does it give a trader an edge, in my opinion. If you disagree with that, then I challenge you to start a thread, post a weekly trading idea based on COT data, and prove me wrong.
That's the thing though, why should I have to prove you wrong? I don't owe you anything lol

I do have a thread where I post weekly analysis sometimes and it is based partially on COT but in order for me to prove you wrong I'd have to explain how I use COT and my whole strategy which im not gonna do.

Look, the point is you don't see value in COT and I do we can agree to disagree.
  • #1,193,246
  • Apr 27, 2021 11:10am Apr 27, 2021 11:10am
Quoting viptrading
{quote} That's the thing though, why should I have to prove you wrong? I don't owe you anything lol I do have a thread where I post weekly analysis sometimes and it is based partially on COT but in order for me to prove you wrong I'd have to explain how I use COT and my whole strategy which im not gonna do. Look, the point is you don't see value in COT and I do we can agree to disagree.
I believe I already know how you use it. It's likely you use it the same way this guy uses it. And I am telling you that, in my opinion, there are better and more accurate ways to identify the direction of the market.
Learn from your mistakes and march on.
  • #1,193,247
  • Apr 27, 2021 11:12am Apr 27, 2021 11:12am
Quoting viptrading
{quote} That's the thing though, why should I have to prove you wrong? I don't owe you anything lol I do have a thread where I post weekly analysis sometimes and it is based partially on COT but in order for me to prove you wrong I'd have to explain how I use COT and my whole strategy which im not gonna do. Look, the point is you don't see value in COT and I do we can agree to disagree.
Some of my girlfriend's were so heavy that they tore the cot multiple Times
  • #1,193,248
  • Apr 27, 2021 11:17am Apr 27, 2021 11:17am
The COT reports shows how committed the large institutional non-commercial traders are to long or short positions within each currency pair. Currency COT charts are particularly useful as they can be used to infer sentiment in related markets.

COT reports are very useful for a longer term trading. If you go on a monthly, weekly and daily charts for example EURUSD, look at the COT reports back in history and you will see how accurate they are. I have previously posted some COT history reports and compared it to EURUSD charts. It was very precise and valuable information especially for a longer term investors/traders.
  • #1,193,249
  • Apr 27, 2021 11:26am Apr 27, 2021 11:26am
Quoting here2there
{quote} I believe I already know how you use it. It's likely you use it the same way this guy uses it. And I am telling you that, in my opinion, there are better and more accurate ways to identify the direction of the market.
No. I don't only use COT data I just use it for my long term outlook. For me the data is just additional information that I use to add to my arsenal when making trading decisions. I basically use it as a filter.

I don't use it in the same way that he uses it though he explains it well, there are many ways you can choose to interpret COT data, and that's probably why many people chuck it as useless since it is a bit complicated but if you filter out the noise there is some useful info you can get from it imo.

The links you posted are also useful since they provide shorter term market sentiment, there is also a good sentiment page on myfxbook that I use for that sometimes.

You shouldn't assume you know how someone trades that's a bit asinine. Like I said before, just because you don't find something useful doesn't mean it isn't useful....

Also, if you think something is better then use it I don't care how you trade, if it works for you then good for you. Your definition of what is good or better is personal bias...
  • #1,193,250
  • Apr 27, 2021 11:29am Apr 27, 2021 11:29am
Quoting viptrading
{quote} No. I don't only use COT data I just use it for my long term outlook. For me the data is just additional information that I use to add to my arsenal when making trading decisions. I basically use it as a filter. I don't use it in the same way that he uses it though he explains it well, there are many ways you can choose to interpret COT data, and that's probably why many people chuck it as useless since it is a bit complicated but if you filter out the noise there is some useful info you can get from it imo. The links you posted are also...
Just ignore him. The problem with him is, he thinks he knows how to trade/invest but has no clue. He has been here for a while now, and all he does is complain and always talks something against other people strategies. From all the posts he posted, I don't think he trades, and even if he does, it is obvious that he has more losses then wins. From my experience, COT reports are very good useful tools. Like you said, you just have to learn how to interpret it into trading strategy. Trade safe.
  • #1,193,251
  • Apr 27, 2021 11:39am Apr 27, 2021 11:39am
Quoting Techanalyst
{quote} Just ignore him. The problem with him is, he thinks he knows how to trade/invest but has no clue. He has been here for a while now, and all he does is complain and always talks something against other people strategies. From all the posts he posted, I don't think he trades, and even if he does, it is obvious that he has more losses then wins. From my experience, COT reports are very good useful tools. Like you said, you just have to learn how to interpret it into trading strategy. Trade safe.
Exactly, COT is just a tool you can't just expect to use COT alone and trade profitably especially for dat trading. But if you combine good TA with directional bias COT can increase your profitability, in my experience at least.

You can increase your win % with tools like COT or market sentiment but you still won't win every trade, the data is delayed, it is what it is.
  • #1,193,252
  • Apr 27, 2021 12:22pm Apr 27, 2021 12:22pm
EU average ratio ===> 33:66

IG /daily FX sentiment ,
suggested BULL trend might change soon .

US 10 Y treasury yield approaching 1.6% .


summary :
EU tipping to BEAR .
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  • #1,193,253
  • Apr 27, 2021 12:34pm Apr 27, 2021 12:34pm
Quoting paogeh
EU average ratio ===> 33:66 IG /daily FX sentiment , suggested BULL trend might change soon . US 10 Y treasury yield approaching 1.6% . summary : EU tipping to BEAR . {image} {image} {image}
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Learn from your mistakes and march on.
  • #1,193,254
  • Apr 27, 2021 12:52pm Apr 27, 2021 12:52pm
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Only an idiot knows with certainty to where the market is going.
  • #1,193,255
  • Apr 27, 2021 12:57pm Apr 27, 2021 12:57pm
Since no liquidity in system.. This pair can go any side 40 pips from 1.2080 level i think..
  • #1,193,256
  • Apr 27, 2021 1:17pm Apr 27, 2021 1:17pm
Quoting MrBullBear
{image}
It's interesting how you never had that 'smart people' attitude towards me. You should practice what you preach!
Learn from your mistakes and march on.
  • #1,193,257
  • Apr 27, 2021 1:23pm Apr 27, 2021 1:23pm
Is it possible?
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  • #1,193,258
  • Apr 27, 2021 1:28pm Apr 27, 2021 1:28pm
Quoting Techanalyst
{quote} Just ignore him. The problem with him is, he thinks he knows how to trade/invest but has no clue. He has been here for a while now, and all he does is complain and always talks something against other people strategies. From all the posts he posted, I don't think he trades, and even if he does, it is obvious that he has more losses then wins.
You are one of the reasons why a number of people have left this thread. You and all your bullying, calling people names and putting them on temporary suspension when they give you back what you dish out. You come across like a know-it-all. I doubt you are a pro. I have seen you post more losing ideas in here than winning ideas. Truth is, you really haven't contributed anything substantial in this forum; you have done more harm than good.
Learn from your mistakes and march on.
  • #1,193,259
  • Apr 27, 2021 1:32pm Apr 27, 2021 1:32pm
M5
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  • #1,193,260
  • Apr 27, 2021 1:38pm Apr 27, 2021 1:38pm
Quoting Js3mwtRc
It looks like it repeats the same pattern with ECB, with the only difference that FOMC is one day before (Wednesday/Thursday) and some hours later. Look at bollinger. {image}
True, it could change direction sharply tomorrow. It is climbing strongly now. The question is: if it continues going up, how far will it travel till FOMC, which is 24 hours from now (almost).
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