WWW power (daily COT)

Hi everybody

someone might know me because I had started another similar thread based on weekly COT + a free custom indicator.

Now I'm working on something new, a custom indicator that grabs info from the web, collects and analyzes it.
This new indicator it's not a foreteller, but simply analyze option orders.
Info collected is not in real time, it's 24 hours late, but still valuable.
Indicator is on beta testing and still needs improvements and fixing, but as soon as it is ready, I'll make it free here.

As always I'm not here to teach anything, so take what I can share... if you want .

Enjoy

Above I've posted a screenshot of the indicator that's interesting (for me).

It shows a pressure UP on USDCAD. From now on (let say till tomorrow)

it could be interesting find buy position near support areas.


Let's see what happen.

As stated before, this is not "foretelling" the future.

The prevision is base on increasing volume, increasing open interest.

This means "big boys" think price is going up (probably, but not for sure).


Have a good day and tomorrow this time we'll see what had happened.


p.s. I have posted USDCAD because it's the stronger pair among the others (EUR AUD GBP JPY CHF GOLD SILVER OIL)
for Murphy's law price will go down, but nevertheless... data is saying up.

Another one... GBP downnnnn


p.s. down means need to find resistence levels where to sell !!!!



For today it's enough... see tomorrow.

Great job,sym!

wow,very nice.... as a suggestion, as you read out the open interest etc anyway, would you kindly consider to integrate the following functionality as well:

http://www.forexfactory.com/showthread.php?t=442025

Would suggest to include an user option to disregard levels below a certain threshold of contract / volume

Cheers and looking forward to further developments with great interest

good job

Hi mobthehop

would you kindly make some examples for what you need???

Thanks


sym

Using "better volume indicator" as filter/signal
and trading with the big boys (trend).
I'm not a greedy type

Have a good day


edit: I'm pretty sure the pairs would do far better than this !

For now till tomorrw, best trade seems to be on SILVER

Sell on resistence... let see tomorrow what had happened.

Have a good day.


p.s. This is not foretelling the future, probability on silver are based on data (math).

Good morning mates

below the entries for the past week and today

ENTRY RULE
- see the color for the day (green=buy red=sell)
- wait for LONDON OPEN (european session that is the dotten orange line in the picture below)
- wait for Better Volume indicator to show a bar near or above the average line (black orizontal line)

EXIT RULE
- no rule, but exit with market condition and sentiment

Silver 11 out of 11 scored.


Have a good day!

Hi

this pair is a little erratic and not easy to follow.
But numbers say it is going down (before a little up and after down), at least in a few days.
As always this is not a prevision, but simply what numbers are saying.

Let see tomorrow.

Have a good day

This should be the entry signal.

Lets see today and next week what will happen.

Have a great w.e.


sym

Looks very interesting, Keep up the good work I sure would like to try this out

Thanks mate

in all pairs "big boys" had reduced positions due to friday and Easter as well...
not clear hints now for next week.. so have a great w.e.
I'll be back on wednesday.

sym

Hi all

It seems to be interesting to find a resistance where to sell EURUSD.

Let see tomorrow.

Have a nice day


Sym

Let see...

Closed... not greedy!

I'm going to stop posting till I'm finished with the indi.
Don't know how long it takes and it seems to me not many people are interested in it.
So, let see...


Cheers

Interested !!! ;-))

Hi sym,
It is a great system. Today I tried EURUSD according to your system. +40pips. Are you going to reveal the indicator?
Best wishes.