Using COT

Jan 04, 2017 at 14:49
Przeglądane 539
3 Replies
Uczestnik z Apr 05, 2016   1 postów
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.
Uczestnik z Sep 12, 2015   1948 postów
Jan 04, 2017 at 16:45 (edytowane 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
Uczestnik z Aug 09, 2016   25 postów
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
Uczestnik z Aug 09, 2016   25 postów
Jan 05, 2017 at 19:47
I do not know timingcharts.com but as advice, anyone going to use investigate first.
You must be connected to Myfxbook in order to leave a comment
*Komercyjne wykorzystanie i spam są nieprawidłowe i mogą spowodować zamknięcie konta.
Wskazówka: opublikowanie adresu URL obrazu / YouTube automatycznie wstawi go do twojego postu!
Wskazówka: wpisz znak@, aby automatycznie wypełnić nazwę użytkownika uczestniczącego w tej dyskusji.