COT Reports

Pipsaholic

Active member
Jun 3, 2011
266
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28
#1
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.
 
Jan 9, 2011
2,334
442
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#2
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.
 

mik1973

Active member
Oct 25, 2003
290
13
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#4
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
 

Black Swan

Well-known member
Nov 24, 2008
5,613
833
173
#5
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:

safvan

Active member
Oct 22, 2010
515
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#6
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.
 

mik1973

Active member
Oct 25, 2003
290
13
28
#7
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
 

Black Swan

Well-known member
Nov 24, 2008
5,613
833
173
#8
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..
 

mik1973

Active member
Oct 25, 2003
290
13
28
#9
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
 

safvan

Active member
Oct 22, 2010
515
34
38
#10
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.
 

mik1973

Active member
Oct 25, 2003
290
13
28
#11
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
 

Pipsaholic

Active member
Jun 3, 2011
266
3
28
#12
Thanks guys great replies.



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.

More like an endless stream of questions.

Peter
Is it a sin to ask questions? I thought this was a forum encouraging asking questions?
 

Black Swan

Well-known member
Nov 24, 2008
5,613
833
173
#14
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...?