Happened upon this thread and felt compelled to post. I want to state up front that I am in no way degrading the efforts of Sym nor am I an expert on the mechanics behind his system. This is symply an expression of the components listed here as I read.
The thread is labled the COT trading system but in reality it is void of any system or process and for a very good reason. As stated by Sym in post #4 and as well by Jay in post # 20, once you attach an emotional preference to a purely mathmatical, statistical report such as COT, you run the risk of leaving all your hard work out of the equation and trading once again based on what you "feel" as opposed to what is reality.
Futhermore in a world of lagging indicators COT has to be the tortious in a race of hares.
I would assume that the drop in the Eur/Usd from Oct. 2014 to present day (approx. 1600 pips) came as a suprise to anyone buying the pair except the COT whom were (based on the repot) still favoring their short positions. The expression by Sym in post #4 shows the seperation from his own hard work and I feel for him as he had to watch an 800 pip drawdown turn into a 1600 pip loss and yet he and anyone else with the report in their posession had the answer on their screen in black, red and green.
We could blame this on alot of factors but the stats did not change and the big boys were not suprised.
Once again I believe that the work Sym has done is truely remarkable and I credit him for being a better person than most in the world of "traders looking to share" but follow the report based on what it shows and don't try to out think the market.
With all due respect
tcnj
The thread is labled the COT trading system but in reality it is void of any system or process and for a very good reason. As stated by Sym in post #4 and as well by Jay in post # 20, once you attach an emotional preference to a purely mathmatical, statistical report such as COT, you run the risk of leaving all your hard work out of the equation and trading once again based on what you "feel" as opposed to what is reality.
Futhermore in a world of lagging indicators COT has to be the tortious in a race of hares.
I would assume that the drop in the Eur/Usd from Oct. 2014 to present day (approx. 1600 pips) came as a suprise to anyone buying the pair except the COT whom were (based on the repot) still favoring their short positions. The expression by Sym in post #4 shows the seperation from his own hard work and I feel for him as he had to watch an 800 pip drawdown turn into a 1600 pip loss and yet he and anyone else with the report in their posession had the answer on their screen in black, red and green.
We could blame this on alot of factors but the stats did not change and the big boys were not suprised.
Once again I believe that the work Sym has done is truely remarkable and I credit him for being a better person than most in the world of "traders looking to share" but follow the report based on what it shows and don't try to out think the market.
With all due respect
tcnj
