COT Reports

This is a discussion on COT Reports within the General Trading Chat forums, part of the Reception category; Hi, Just wondering if anyone finds checking commitment of traders reports effective in their trading decisions? I understand that they ...

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Old Jul 17, 2011, 8:59pm   #1
 
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COT Reports

Hi,

Just wondering if anyone finds checking commitment of traders reports effective in their trading decisions? I understand that they are none for the FX market, built for futures but do have an effect on the FX market in some way better for position traders? how about day traders?

Thanks.
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Old Jul 17, 2011, 9:12pm   #2
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Re: COT Reports

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Originally Posted by Pipsaholic View Post
Hi,

Just wondering if anyone finds checking commitment of traders reports effective in their trading decisions? I understand that they are none for the FX market, built for futures but do have an effect on the FX market in some way better for position traders? how about day traders?

Thanks.
You have a wide range of interests Pips.

You were recently asking about Loz (Lolz) Lawn's ready made forex scam Las Vegas system. Now COT?

This is a huge subject that requires a lot of study, but one thing I can promise - whatever happens, you'll find it much more useful than Lulz Lawn's ridiculous, pathetic, risible scam system.

I suspect google will be of more use, there are a lot of articles floating about on how to use it.
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Old Jul 17, 2011, 9:33pm   #3
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Re: COT Reports

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You have a wide range of interests Pips.
More like an endless stream of questions.

Peter
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Old Jul 18, 2011, 10:02am   #4
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Re: COT Reports

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More like an endless stream of questions.

Peter
COT reports "can potentially " be used to identify extreme trading ranges where non- commercials are either net short or long of a currency. Where there is a ratio of around 3:1 or greater it "may" indicate a potential turning point.

How's that for absolute clarity ....

Mick
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Old Jul 18, 2011, 10:25am   #5
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Re: COT Reports

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Originally Posted by mik1973 View Post
COT reports "can potentially " be used to identify extreme trading ranges where non- commercials are either net short or long of a currency. Where there is a ratio of around 3:1 or greater it "may" indicate a potential turning point.

How's that for absolute clarity ....

Mick
Position traders derive the most value/benefit out of the COT report..do you agree? For retail investors concentrating on trading off lower time frames they may be better employed looking at sentiment indicators such as Dukascopy etc.

Last edited by Black Swan; Jul 18, 2011 at 11:52am.
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Old Jul 18, 2011, 10:49am   #6
 
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Re: COT Reports

COT is for long term approach. It is useful information indeed. Commercials are the reason futures markets were created. Extreme readings on its charts usually signals that the end of a trend is coming but you really have to look at the price action to confirm it and then take the trade.

Study larry williams on this.
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Old Jul 18, 2011, 10:51am   #7
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Re: COT Reports

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Originally Posted by Black Swan View Post
Position traders derive the most value/benefit out of the COT report..do you agree? For retail investors concentrating on trading off lower time frames they may be better employed looking at sentiment indicators such as Dukascopy etc. now produce..
The COT Report is often viewed as a contrarian indicator (for example if most of the non commercials are net long who else can they buy from?). I'm pretty sure it can be used by retail traders providing that they:

Have nerves of steel
Large enough account balance
Able to be comfortable using large stops


Mick
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Old Jul 18, 2011, 11:54am   #8
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Re: COT Reports

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Originally Posted by mik1973 View Post
The COT Report is often viewed as a contrarian indicator (for example if most of the non commercials are net long who else can they buy from?). I'm pretty sure it can be used by retail traders providing that they:

Have nerves of steel
Large enough account balance
Able to be comfortable using large stops


Mick
Apologies, I didn't alter my post correctily, meant to say "produced by Dukascopy" etc..

I think you're agreeing that the report is only really useful for position traders..
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Old Jul 18, 2011, 12:00pm   #9
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Re: COT Reports

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Apologies, I didn't alter my post correctily, meant to say "produced by Dukascopy" etc..

I think you're agreeing that the report is only really useful for position traders..
Could only be used by position traders- but that's just my humble opinion.

Mick
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Old Jul 18, 2011, 12:15pm   #10
 
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Re: COT Reports

Opinions should be considered as onions in this Industry.

I talk all sorts of crap of *what I think* on this forum but really it does not matter or help me in any case.

One has a better chance of earning money in markets forming his or her own opinion. There are people that can make excellent use of COT reports and make $$$ while others might find it crap.

Test the system and then form your own opinion. If it works for you use it, if not then look for something else.
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Old Jul 18, 2011, 12:20pm   #11
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Re: COT Reports

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Opinions should be considered as onions in this Industry.

I talk all sorts of crap of *what I think* on this forum but really it does not matter or help me in any case.

One has a better chance of earning money in markets forming his or her own opinion. There are people that can make excellent use of COT reports and make $$$ while others might find it crap.

Test the system and then form your own opinion. If it works for you use it, if not then look for something else.

Couldn't agree more.

Mick
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Old Jul 19, 2011, 1:33am   #12
 
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Re: COT Reports

Pipsaholic started this thread Thanks guys great replies.



Quote:
Originally Posted by Pazienza View Post
You have a wide range of interests Pips.

You were recently asking about Loz (Lolz) Lawn's ready made forex scam Las Vegas system. Now COT?

This is a huge subject that requires a lot of study, but one thing I can promise - whatever happens, you'll find it much more useful than Lulz Lawn's ridiculous, pathetic, risible scam system.

I suspect google will be of more use, there are a lot of articles floating about on how to use it.
It's a discussion forum with many topics isn't it? Just my opinion about Loz learned a lot from him everyone is entitled to their own opinion.

Quote:
Originally Posted by wackypete2 View Post
More like an endless stream of questions.

Peter
Is it a sin to ask questions? I thought this was a forum encouraging asking questions?
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Old Jul 19, 2011, 1:45am   #13
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Re: COT Reports

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Is it a sin to ask questions? I thought this was a forum encouraging asking questions?
Nothing wrong with asking questions. You have started 37 threads in a month, all of them asking a question, about half are pointless. So, tell us what have you learned?

Peter
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Old Jul 19, 2011, 5:56am   #14
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Re: COT Reports

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One has a better chance of earning money in markets forming his or her own opinion. There are people that can make excellent use of COT reports and make $$$ while others might find it crap.

Test the system and then form your own opinion. If it works for you use it, if not then look for something else
.
And what "system" would you recommend using the COT report...?
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Old Jul 19, 2011, 7:23am   #15
 
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Re: COT Reports

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And what "system" would you recommend using the COT report...?
There is a method of trading it. Watch Larry Williams videos or read his books. He has a book written on it.
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