Please help me understand the COT report/chart on myfxbook
May 10, 2013 at 08:27
1,151 Zobrazení
10 Replies
Členom od May 09, 2013
3 príspevkov
May 10, 2013 at 08:27
i know that this is a very noob question and info are provided on the COT chart segment of this site. however, im still confused as to determining what good numbers are, and i can't figure out if they're committing to sell or buy based on the numbers.
Členom od Jun 26, 2012
192 príspevkov
May 10, 2013 at 11:02
its hard to determine sell or buy from COT report....
one way to use it is... when u hit big difference between commercial n speculator data.... by checking the historical high n low for them.... it could indicate a trend changing if u get my point!
one way to use it is... when u hit big difference between commercial n speculator data.... by checking the historical high n low for them.... it could indicate a trend changing if u get my point!
Členom od Mar 28, 2011
86 príspevkov
May 10, 2013 at 16:42
IMHO, they are of no use for intra day retail trader at all.
Being Bearish or Bullish Makes No Difference
Členom od Jun 26, 2012
192 príspevkov
May 10, 2013 at 16:51
its based on weekly chart... sure!
Členom od May 09, 2013
3 príspevkov
May 11, 2013 at 08:37
sorry for missing info. im actually more into longer term. i trade daily charts and use price action trigger with respect to the overall fundamentals of a certain pair. general rule is pair the weak with the strong. i usually trade like 3-5x in a month.
what i need to just get out of the COT report is overall bullish/bearish sentiments of major participants like the non-commercial. i know they actively trade with big volumes. commercials are those that use forex to hedge and not expect profit, just using forex to offset or maybe protect themselves from volatility.
now, on the COT report screen, like the USDCAD, if the large speculators number is a (-51,916), does that mean that most large speculators position are short?
what i need to just get out of the COT report is overall bullish/bearish sentiments of major participants like the non-commercial. i know they actively trade with big volumes. commercials are those that use forex to hedge and not expect profit, just using forex to offset or maybe protect themselves from volatility.
now, on the COT report screen, like the USDCAD, if the large speculators number is a (-51,916), does that mean that most large speculators position are short?
Členom od May 09, 2013
3 príspevkov
May 11, 2013 at 08:37
@Bisho777; got your point. it's my first time visiting that segment of this site. i checked the historical and i can view the numbers better and understand whose short and long.
sorry guys. this is how i am when im testing out new tools to add to some fundamentals. 😁
sorry guys. this is how i am when im testing out new tools to add to some fundamentals. 😁
Členom od Mar 28, 2011
86 príspevkov
May 11, 2013 at 09:12
COT report data might be usable to your trading style but I can't help in that because it was not use full for me.
But you might like this guy's posts: Currency Strength and Weakness, Andrew Mitchem
https://www.forexpeacearmy.com/forex-forum/andrew-mitchem-s-daily-strengths-weaknesses-analysis/25114-currency-strength-weakness-friday-10th-may-2013-a.html
Actually I don't follow him even though it might be use full, but I follow closely Sive Morten whose analysis are enjoyable reading every sunday: FOREX PRO Weekly
https://www.forexpeacearmy.com/forex-forum/sive-s-analysis-archive/25012-forex-pro-weekly-may-06-10-2013-a.html
I wish I could read and interpret the charts as he's doing! Stricly technical.
But you might like this guy's posts: Currency Strength and Weakness, Andrew Mitchem
https://www.forexpeacearmy.com/forex-forum/andrew-mitchem-s-daily-strengths-weaknesses-analysis/25114-currency-strength-weakness-friday-10th-may-2013-a.html
Actually I don't follow him even though it might be use full, but I follow closely Sive Morten whose analysis are enjoyable reading every sunday: FOREX PRO Weekly
https://www.forexpeacearmy.com/forex-forum/sive-s-analysis-archive/25012-forex-pro-weekly-may-06-10-2013-a.html
I wish I could read and interpret the charts as he's doing! Stricly technical.
Being Bearish or Bullish Makes No Difference
Členom od Jun 26, 2012
192 príspevkov
May 11, 2013 at 09:21
samanthanicole05 posted:
sorry for missing info. im actually more into longer term. i trade daily charts and use price action trigger with respect to the overall fundamentals of a certain pair. general rule is pair the weak with the strong. i usually trade like 3-5x in a month.
what i need to just get out of the COT report is overall bullish/bearish sentiments of major participants like the non-commercial. i know they actively trade with big volumes. commercials are those that use forex to hedge and not expect profit, just using forex to offset or maybe protect themselves from volatility.
now, on the COT report screen, like the USDCAD, if the large speculators number is a (-51,916), does that mean that most large speculators position are short?
i can see on usd/cad.... the numbers reached extremes while u cant see a real extreme high or low in the last period of time.... anyway, the other thing is bearish bias will be the dominant for the long-med term!...
this is from the cot report... but plz dont consider that alone... coz for me i think usd.cad is to the north in med term!
Členom od Jan 09, 2018
1 príspevkov
Sep 09, 2020 at 19:39
-51916 means the spect. are dissolving their short that they already executed
Členom od Jul 23, 2020
759 príspevkov
Oct 04, 2021 at 16:40
It is a key document for traders of all assets to understand in the futures market.
Členom od Jul 23, 2020
869 príspevkov
Oct 04, 2021 at 17:40
COT report helps to understand market participants, like commercials and non-commercials, and how they are trading the market.
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