Hello,
I would like to discuss the power of COT report and how to use the data to confirm your positions and increase your confidence level in the direction of the trade.
It takes good money management and positioning to establish high yields when integrating COT analysis with your positions.
What is COT?
COT is short for Commitments of Traders, quoted:
The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
How can I use COT report?
The cot report is released every week and gives you how traders are placing their positions in the futures market. The cot report can tell you exactly the sentiment towards a currency (USD, EUR, GBP, CHF, JPY, AUD, NZD, AUD).
Benefits of COT analysis
1. Establishing currency sentiment with confidence
2. Identifying (+technical) tops and bottoms in a currency, therefore a pair.
3. Identifying strong breakouts that lasts for some weeks
So that was a brief insight into the COT report, and how can we use it for our benefit. It helped me so much, really. I know that many of you already use that stuff, but if you are not using it, you really need to start doing so.
In this topic we will gather cot reports every week, with specific currency sentiment and signals, and we will be able to identify tops and bottoms with the help of technical analysis like: elliott wave.
Important notes
Be aware that cot signals are for positional traders, not a quick scalp. It may take a week until your trade shows green. Money management plays a big role. But patience pays.
Let us discuss..ask questions.. post answers.. let them all be related to COT and positional traders.
I will start the show by putting analysis for this week (a bit late though) and sentiment towards currencies, more next
I would like to discuss the power of COT report and how to use the data to confirm your positions and increase your confidence level in the direction of the trade.
It takes good money management and positioning to establish high yields when integrating COT analysis with your positions.
What is COT?
COT is short for Commitments of Traders, quoted:
The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
How can I use COT report?
The cot report is released every week and gives you how traders are placing their positions in the futures market. The cot report can tell you exactly the sentiment towards a currency (USD, EUR, GBP, CHF, JPY, AUD, NZD, AUD).
Benefits of COT analysis
1. Establishing currency sentiment with confidence
2. Identifying (+technical) tops and bottoms in a currency, therefore a pair.
3. Identifying strong breakouts that lasts for some weeks
So that was a brief insight into the COT report, and how can we use it for our benefit. It helped me so much, really. I know that many of you already use that stuff, but if you are not using it, you really need to start doing so.
In this topic we will gather cot reports every week, with specific currency sentiment and signals, and we will be able to identify tops and bottoms with the help of technical analysis like: elliott wave.
Important notes
Be aware that cot signals are for positional traders, not a quick scalp. It may take a week until your trade shows green. Money management plays a big role. But patience pays.
Let us discuss..ask questions.. post answers.. let them all be related to COT and positional traders.
I will start the show by putting analysis for this week (a bit late though) and sentiment towards currencies, more next
