Disliked{quote} This is still confusing to me. I need a Baby Pips approach to understanding what you are talking about here.Ignored
I'll mention only forex (because commodities is different)
There are 3 main groups, Dealers, Assets managers, and money managers
The 3 of them are linked overall, even though i find money managers living his own life
The best ones are the Dealers (smart money) and Assets managers (dumb money).
Dealers add positions as prices go against them (they look for reversal)
AM add within the trend, until they are maxed out and prices reverse on them
By analysing it, you have to look at some "weird" positions, or extreme ones
Check the below, for MXN currency, don't tell you couldn't have made money over the past 5 years
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COT: The precious data ignored
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