Very good thread. It is very helpful to know where the big boys are going and since there is no Forex wide volume indicator, COT is about the only way to look at Forex "volume". You hit on something that is key in technical analysis, that I think most people over look. The 4 hr chart is the smallest time frame that the big boys look at. If you want to be with a trend and with them, then that chart becomes very important. The 1 hr and 15 min are great for the short term scalpers and I do that myself, but I always try to be with the trend and that comes from the 4 hr and above. I am not saying that counter trends are not productive, but they are much riskier. The key to making and keeping pips is to decrease your risk, IMHO. Always trade what YOU see and don't let anyone make a decision for you. If the path is not clear to you, then wait... It will become more clear after the next candle. Having many tools at your disposal is great but keeping things simple is the best tool, once again IMHO.
Fly Safe and Get Your Pips!!
Fly Safe and Get Your Pips!!