Floyd Upperman (who has been mentioned by Williams), stated in 2006 that an analysis of COT data for currencies is “not helpful”.
He stated that only a “fraction” of open interest in the $1.9 tril spot market is represented in the report (mainly CBOT).
Accurate assessment ???
Is there a way to determine what the actual ‘fraction’ would be? 1/16th … 1/3rd ?
Based on the thread starter … there appears to be a correlation with just this ‘fraction’ of data. My question is … would this be a play on a probability that all the other open interest not captured is mirroring the COT figures?
He stated that only a “fraction” of open interest in the $1.9 tril spot market is represented in the report (mainly CBOT).
Accurate assessment ???
Is there a way to determine what the actual ‘fraction’ would be? 1/16th … 1/3rd ?
Based on the thread starter … there appears to be a correlation with just this ‘fraction’ of data. My question is … would this be a play on a probability that all the other open interest not captured is mirroring the COT figures?