Hey dude can you reccomend me some sources/books for COT...
just finished reading Larry Williams COT book, ive got Floyd Uppermans and Stephen Briese's books printing out as we speak...
one thing ive been noticing is that even though commercials are what we are meant to look at, is that large traders seem to have the direction right... so when the large traders are net short, the trend is down and vice versa... when they are at extremes you may get a reversal but more often then not they will still stay net short (long) and thus the trend will continue...
if you look at it large traders tend to pick every peak and trough with their net position...
thanks, nice site.