Equivalent of ODD LOT indicator for forex? | Forex Factory

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Equivalent of ODD LOT indicator for forex?

  • #1
  • First Post: Oct 2, 2009 4:38am Oct 2, 2009 4:38am
The NYSE conveniently has an ODD LOT indicator that allows you to see what the traders that trade smaller lots are doing (usually they are incorrect in their trading decisions). This could have been used in March to nail the bottom on the SPX when the dumb money capitualed (see image)

Does the CME record similar information for forex futures? This is different from the COT.
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  • #2
  • Dec 29, 2013 5:55am Dec 29, 2013 5:55am
Great Idea. Searching also for it.

Now 4 years later, something new about it ??
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  • #3
  • Dec 29, 2013 2:08pm Dec 29, 2013 2:08pm
Quoting Toranaga
Great Idea. Searching also for it. Now 4 years later, something new about it ??
In forex buying/selling doesn't happen in a centralised fashion. For example, it's easy to establish odd lot trades on the NYSE because that's where sales happen...but sadly that's not the case for forex.

I doubt you can get anything reliable like that for forex.
  • #4
  • Dec 31, 2013 4:37am Dec 31, 2013 4:37am
Quoting fxterrapin
The NYSE conveniently has an ODD LOT indicator that allows you to see what the traders that trade smaller lots are doing (usually they are incorrect in their trading decisions). This could have been used in March to nail the bottom on the SPX when the dumb money capitualed (see image) Does the CME record similar information for forex futures? This is different from the COT. {image}
Although not quite similar, try this sentiment index:
http://www.dailyfx.com/technical_analysis/sentiment
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #5
  • Last Post: Dec 31, 2013 5:46am Dec 31, 2013 5:46am
Quoting 4exNinja
{quote} In forex buying/selling doesn't happen in a centralised fashion. For example, it's easy to establish odd lot trades on the NYSE because that's where sales happen...but sadly that's not the case for forex. I doubt you can get anything reliable like that for forex.
Hi

Yes i know, but maybe there is something new out.
The COT Report is also, if you can read it very profitable.. It worth to have a look at it.
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