Commitment of traders report

lasart

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Can anyone give a good use to this report? I find it tricky sometimes and difficult to use, which I maybe wrong since looks should be a very useful data, of course for swing trading, useless for intraday.
 
Do you follow this at all of you find open interest a much easier tool to chart and identify.
 
It's a good tool for sure but only in general terms. No use whatsoever for daytraders / 'scalpers' (god I hate that word and it's connotations) really
 
This is the book:

"The Commitments of Traders Bible: How to Profit from Insider Market Intelligence - Stephen Briese"
 
This report can make some difference in the markets, but really, its not the best indicator. In all realities, the best indicators change while the focus of market sentiment changes.
 
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