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Commitments of Traders Weekly Report

  • #1
  • First Post: Oct 16, 2008 12:49am Oct 16, 2008 12:49am
Why are there no trading systems based on the weekly COT
report?
  • #2
  • Oct 16, 2008 1:49am Oct 16, 2008 1:49am
Quoting loophole
Why are there no trading systems based on the weekly COT
report?
For great info on how to trade the COT reports check out Steve Briese - he's the King of COT.

Here in FF I haven't seen a dedicated thread, just the odd mention....
Trading Levels with WRBs
  • #3
  • Oct 16, 2008 10:27am Oct 16, 2008 10:27am
I always been interested in using COT as one of the trading tool, but unfortunately till now still do not know how to read the COT REPORT.

Can anyone guide on this ?

Quoting loophole
Why are there no trading systems based on the weekly COT
report?
  • #4
  • Oct 16, 2008 2:06pm Oct 16, 2008 2:06pm
COT reports may be important in other commodities, but I can't imagine how somebody would use them in forex. I think currency futures just follow spot forex.
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  • #5
  • Oct 16, 2008 3:24pm Oct 16, 2008 3:24pm
COT is weekly, at best. If you're trading the weekly charts I suppose you could use COT data, but... uhm, if you're trading the weekly you don't NEED COT data.
  • #6
  • Oct 17, 2008 3:00pm Oct 17, 2008 3:00pm
Have you read this?
Attached File(s)
File Type: pdf COT - Lien.pdf   72 KB | 920 downloads
The greatest enemy of a good plan is the dream of a perfect plan.
  • #7
  • Oct 17, 2008 3:04pm Oct 17, 2008 3:04pm
Personally I go to www.timingcharts.com and review the graphs there.

Ilook for the commercials and large traders positions to come together.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 38 KB
The greatest enemy of a good plan is the dream of a perfect plan.
  • #8
  • Oct 17, 2008 3:17pm Oct 17, 2008 3:17pm
This is a trade I did last year.Its a commodity-some say COT works better with commodities.

I saw the positioning come together (black circle).Then entered after a trend line bounce (green).

I am now watching the price as there is potentially a similar situation in the red circle.
Attached Image (click to enlarge)
Click to Enlarge Name: coffee.png Size: 64 KB
The greatest enemy of a good plan is the dream of a perfect plan.
  • #9
  • Oct 17, 2008 3:40pm Oct 17, 2008 3:40pm
Some people say follow the commercials positions,some say follow the large traders.

Nobody says follow the small speculators and this is a good example why
Attached Image (click to enlarge)
Click to Enlarge Name: getchart.png Size: 38 KB
The greatest enemy of a good plan is the dream of a perfect plan.
  • #10
  • Oct 17, 2008 10:33pm Oct 17, 2008 10:33pm
take a look at this....... LINK TO TRADING THE COT
Same Whore .... Different Dress
  • #11
  • Oct 18, 2008 12:48am Oct 18, 2008 12:48am
Hi Steve,

Then which should we follow?
commmercials , large traders or small speculators ?

Quoting steve10%
Some people say follow the commercials positions,some say follow the large traders.

Nobody says follow the small speculators and this is a good example why
  • #12
  • Oct 18, 2008 12:58am Oct 18, 2008 12:58am
Quoting loophole
Why are there no trading systems based on the weekly COT
report?
Because there is no indicator for that, therefore why would you post it?

Seriously every post that has scalping or a bunch of indicators or EA are hot topic, but when you actually have to do some work, no one wants it. So its kinda pointless.
  • #13
  • Edited 9:44am Oct 18, 2008 9:27am | Edited 9:44am
Quoting tjsun80
Hi Steve,

Then which should we follow?
commmercials , large traders or small speculators ?
Follow the large traders...... Watch the video,...... oh wait that would mean you actually have to do something rather than be spoon fed.
Same Whore .... Different Dress
  • #14
  • Oct 18, 2008 9:42am Oct 18, 2008 9:42am
Quoting steve10%
Personally I go to www.timingcharts.com and review the graphs there.

Ilook for the commercials and large traders positions to come together.
Why?.... when the two come together you have already missed a large part of the changeover.

Watch the large traders, they are the speculators, the commercials are hedging there international sales to help protect them from the currency fluctuations.
Same Whore .... Different Dress
  • #15
  • Oct 19, 2008 8:16am Oct 19, 2008 8:16am
Can you show us some example, how do we determine long or short,
by using the COT report for GBP?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 081014.JPG Size: 63 KB


Quoting johnedoe
Follow the large traders...... Watch the video,...... oh wait that would mean you actually have to do something rather than be spoon fed.
  • #16
  • Oct 19, 2008 9:20am Oct 19, 2008 9:20am
Look in the non-commercials column...... see the number of positions in the long and short columns?.... the commercials are net short in overall positions for the sterling........
also see timing charts...timingcharts.com/ When you goto timing charts you will want to open the drop down list of markets and goto EURO Globex........ you can register and have your settings saved so you can return to the charts you are intersted in rather than go through the hoops again, and watch the video http://www.pfxglobal.com/follow-the-...ion-video.html
One last theing , when you go to the CFTC site for commitment of traders .... use the short form, not he long form.
Same Whore .... Different Dress
  • #17
  • Oct 19, 2008 10:43am Oct 19, 2008 10:43am
Can you advise me for the below, is it net short or long?
Cause actual chart is an uptrend, but in fact, if we follow the COT on 9/9/08, is showing a net short.

Attached Image


Quoting johnedoe
Look in the non-commercials column...... see the number of positions in the long and short columns?.... the commercials are net short in overall positions for the sterling........
also see timing charts...timingcharts.com/ When you goto timing charts you will want to open the drop down list of markets and goto EURO Globex........ you can register and have your settings saved so you can return to the charts you are intersted in rather than go through the hoops again, and watch the video http://www.pfxglobal.com/follow-the-...ion-video.html
One last theing , when you go to the CFTC site for commitment of traders .... use the short form, not he long form.
  • #18
  • Oct 19, 2008 11:14am Oct 19, 2008 11:14am
If you want to understand and trade the COT report check out the following sites.

http://cot-report.com/
http://www.cot-futures.com/
http://www.timingcharts.com/index.php
http://cot.ccstrade.com/?gclid=CPvL4K7bspYC
http://www.pfxglobal.com/
http://commitmentsoftraders.org/
  • #19
  • Oct 19, 2008 6:02pm Oct 19, 2008 6:02pm
Quoting tjsun80
Can you advise me for the below, is it net short or long?
Cause actual chart is an uptrend, but in fact, if we follow the COT on 9/9/08, is showing a net short.

Attachment
non commercials are net short.....but you are looking at old data.

and check the links provided by loophole......
Same Whore .... Different Dress
  • #20
  • Oct 20, 2008 12:14am Oct 20, 2008 12:14am
Yes, on the 9th Sept '08, the COT report showing a net short, but in fact, the trend actually showing uptrend. So if we follow the COT report on the 9th Sept '08, we would have loss money.Correct me if i have wrong.

i have done research on COT over the net, but can't find a solution on that.
Can you provide me some advise ?

Quoting johnedoe
non commercials are net short.....but you are looking at old data.

and check the links provided by loophole......
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