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hot_W@ter

  • #21
  • Dec 6, 2011 12:50pm Dec 6, 2011 12:50pm
then i found out a lot of things about cot indicator and how to read it every end of the week to understand what larger traders (also called institutional and/or banks) are doing

im updating my system which im finding very interesting and involves a lot of things not shown in the main chart posted above.

there are many options to setup like net positions, number of traders etc which show very clearly where is supposed to see main trend going.
im also searching something about main options expire date and extreme prices but for that i need an expensive account in a platform which show all loaded contract put & call.
maybe will open that account next year.

by end of this week i think i will complete whole setup about, and will post here since once i have done it for me (requires a lot of time), posting it is only a matter of some minutes
90% of traders use TA, indicators and prediction
  • #22
  • Dec 6, 2011 6:59pm Dec 6, 2011 6:59pm
first thing to notice in gbp is how much short contracts increased last week.
we all know that price went near 5800 then fast down friday during NFP to close weekly near 56.

weekly linear chart show whole year action @1.54
actually what i see is a Low @1.54 then a lowerhigh @1.6170
possible double bottom will be confirmed on a breaking of 1.60
a lower high near 1.58-1.59 will be a great thing for pick short to target below 1.54.

actually this picture shows that larger traders added short positions in that 'pullback' or 'rally up' to 1.58..... like saying "nothing at all"

will upload next days also longs setup and then usdx data
Attached Image (click to enlarge)
Click to Enlarge Name: contr_short.jpg Size: 203 KB
90% of traders use TA, indicators and prediction
  • #23
  • Dec 6, 2011 7:02pm Dec 6, 2011 7:02pm
Quoting _BBKing_
first thing to notice in gbp is how much short contracts increased last week.
we all know that price went near 5800 then fast down friday during NFP to close weekly near 56.

weekly linear chart show whole year action @1.54
actually what i see is a Low @1.54 then a lowerhigh @1.6170
possible double bottom will be confirmed on a breaking of 1.60
a lower high near 1.58-1.59 will be a great thing for pick short to target below 1.54.

actually this picture shows that larger traders are added short positions in that 'pullback' or 'rally up' to 1.58........

nice to see this chart when price was going down from 1.65 to 1.62.....
contracts found "support" near average level.

lolz
90% of traders use TA, indicators and prediction
  • #24
  • Dec 6, 2011 7:10pm Dec 6, 2011 7:10pm
i have some talks about an option expiration 17dec overloaded in short.
breakeven near 1.58.
this mean that if price goes again near 1.58 before expiration date, that price will be protected by those who loaded that option to let it close below 1.5790.
any further information about is welcome
90% of traders use TA, indicators and prediction
  • #25
  • Dec 6, 2011 7:15pm Dec 6, 2011 7:15pm
time for a good rest.
tomorrow i will be busy during london.

doesnt matter.

Ny will be better to trade imo
90% of traders use TA, indicators and prediction
  • #26
  • Dec 6, 2011 7:38pm Dec 6, 2011 7:38pm
Hey BBK! Nice Thread.. Here you go. This lady is a bit smarter with computers than I....See you around..
Regards
http://www.forexfactory.com/showthre...10#post5064310


Quoting _BBKing_
can we make possible to delete tick chart in order window?
  • #27
  • Dec 7, 2011 12:20am Dec 7, 2011 12:20am
Quoting _BBKing_
some time ago a friend in GU thread (gsantri) came out showing a chart with COT indicator

Hello King, congratulations on your journal. its 'hot here lol..

Just wanna add few things regarding your chart above. indicator calculated from COT reports.

Commercial:
Long - 154,277 --- 29 traders
Short - 90,373 ---- 20 traders
--------------
Net --- 63,904

These contracts were executed on (every) Tuesday, Nov 29 2011. and reported (every) Friday Dec 2,2011.
A lagging report to be said. But, instead of reading rumors news, I think COT is one of the best and real indicator as to know the market 'feeling, a sentiment for coming week.


Other 'tool that I always look is US stocks 'investor sentiment' from SentimentTrader. it closes daily.
as you know, most of the time, asian market trend is a continuation of NY closed.

When US stocks up, usually dollar will down. except the last NFP. damn.. I was trapped lol..
.
Attached Image (click to enlarge)
Click to Enlarge Name: COT-sterling-1129.JPG Size: 51 KB
Attached Image
  • #28
  • Dec 7, 2011 2:02am Dec 7, 2011 2:02am
Quoting Chillypiper
Hey BBK! Nice Thread.. Here you go. This lady is a bit smarter with computers than I....See you around..
Regards
http://www.forexfactory.com/showthre...10#post5064310
thank you! greeat link
90% of traders use TA, indicators and prediction
  • #29
  • Dec 7, 2011 2:21am Dec 7, 2011 2:21am
Quoting gsantri
Hello King, congratulations on your journal. its 'hot here lol..

Just wanna add few things regarding your chart above. indicator calculated from COT reports.

Commercial:
Long - 154,277 --- 29 traders
Short - 90,373 ---- 20 traders
--------------
Net --- 63,904

These contracts were executed on (every) Tuesday, Nov 29 2011. and reported (every) Friday Dec 2,2011.
A lagging report to be said. But, instead of reading rumors news, I think COT is one of the best and real indicator as...
hello
yes about cot there are a lot of interesting things!
about us stocks... sometimes it goes opposite but can be anyway a good indication for dollar trend. i never checked it in the past, will give an eye.
thank you
90% of traders use TA, indicators and prediction
  • #30
  • Dec 9, 2011 3:06am Dec 9, 2011 3:06am
Quoting _BBKing_
i have some talks about an option expiration 17dec overloaded in short.
breakeven near 1.58.
this mean that if price goes again near 1.58 before expiration date, that price will be protected by those who loaded that option to let it close below 1.5790.
any further information about is welcome

on information confirmed. last move to 1.5770 show clearly strong rejection when price goes there.
last touch was helped by retest of h4 TL printing a double top neckline now here 1.56.

still to remember cot data showing pressure in short.
will be interesting to see new data if that pressure increased during this week.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
90% of traders use TA, indicators and prediction
  • #31
  • Dec 9, 2011 3:11am Dec 9, 2011 3:11am
this is the chart of the option expiry 17 december 2011.
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.jpg Size: 56 KB
90% of traders use TA, indicators and prediction
  • #32
  • Dec 9, 2011 4:23am Dec 9, 2011 4:23am
short near daily high.
if goes wrong will manual close before the 40pips stop.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
90% of traders use TA, indicators and prediction
  • #33
  • Dec 9, 2011 4:26am Dec 9, 2011 4:26am
Quoting _BBKing_
short near daily high.
if goes wrong will manual close before the 40pips stop.
trailing stop was too tight.
kicked out +2
90% of traders use TA, indicators and prediction
  • #34
  • Dec 9, 2011 4:32am Dec 9, 2011 4:32am
reloaded 5646 trailing stop now 10pips lol
90% of traders use TA, indicators and prediction
  • #35
  • Dec 9, 2011 4:39am Dec 9, 2011 4:39am
stop @be
out half +9.7
90% of traders use TA, indicators and prediction
  • #36
  • Dec 9, 2011 4:57am Dec 9, 2011 4:57am
Quoting _BBKing_
stop @be
out half +9.7
out whole +7.
now waiting another entry end of this h1 candle
90% of traders use TA, indicators and prediction
  • #37
  • Dec 9, 2011 5:30am Dec 9, 2011 5:30am
out of my long too early.
they trapped me.

lucky day in profit.
purely luck.

this upmove is too fast and too dangerous market conditions.
finishing here my day and week.
overall a good week but could have been more n more better.
90% of traders use TA, indicators and prediction
  • #38
  • Dec 13, 2011 2:12am Dec 13, 2011 2:12am
GU unable to go below 5570 during asian session so bounced to 5630 resistance.

now london opening time i let it run for a while to show me something more.
interested in a short position to target 54 area or at least lower 55area.

between 5640 and 5700 can happen a reversal pattern in faster timeframes.

its december and there is high volatily in market.... will be careful.
90% of traders use TA, indicators and prediction
  • #39
  • Dec 13, 2011 2:54am Dec 13, 2011 2:54am
late entry was in need of a kind of confirmation on pattern.
out half +20
i let it run for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB
90% of traders use TA, indicators and prediction
  • #40
  • Dec 13, 2011 2:56am Dec 13, 2011 2:56am
waitin if breake 5570 to move stops be+10
90% of traders use TA, indicators and prediction
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