Using COT

Jan 04, 2017 at 14:49
553 Views
3 Replies
Biedrs kopš   1 ieraksti
Jan 04, 2017 at 14:49
Hi peoplessss,

I'm having some trouble putting the information on COT to work. Now with the most recent COT data released on 27th Dec2016, I managed to generate the following numbers.

non commercial commercial
short 192,689 short 141332
long 123,281 long 220288


net short 61% net short 39%
net long 39% net long 61%

I'm learning to use this to spot any market extremes, not too sure if I'd got this right? and if so, I think we are not looking at any extremes at this time?

Any input is greatly appreciated everyone.

Many thanks in advance.
Jan 04, 2017 at 16:45 (labots Jan 04, 2017 at 16:46)
You can get some pointers on Lex Van Dam web site its free for 7 days, the end of month analysis is pretty good too ,COT data is mostly used to get sentiment because its based on futures and options, I use timingcharts.com.
"They mistook leverage with genius".
zack4
forex_trader_350643
Biedrs kopš   18 ieraksti
Jan 05, 2017 at 19:46
@chickensatay You must rely on other sites that give you signals to guide your trade. However, remember to try to build your own strategy and reinforce it.
zack4
forex_trader_350643
Biedrs kopš   18 ieraksti
Jan 05, 2017 at 19:47
I do not know timingcharts.com but as advice, anyone going to use investigate first.
Pieslēgties / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.