the EUR/USD. The Euro futures chart above shows that when speculators were 200,000 contracts short, or close to it, this generally resulted in a price reversal to the upside over time these extreme levels may continue to push outwards. This is part of trader discretion. Simply put, large traders and institutions must disclose their futures positions each Tuesday, which is called the As of date (currencies, or forex pairs, trade via futures market as well via the forex and cash markets). Commercials are hedgers, businesses, producers, etc, who have large positions that are often offsetting another position or transaction. Enter a promotion code or Gift Card. If I get a valid trade signal, I take. COT data is just an extra piece of data.
(click to enlarge) Trading With COT Extremes Warnings Have other pieces of evidence that help confirm a trade. It is not a single level that is important (200,000 contracts, for example) but rather watching for new extremes, and then reversals in price and COT direction after those extremes start to show. The above chart is a futures chart though, not a forex chart. Provides an alternate entry method compared to the traditional approach. Think of a hedge as getting insurance on your trade.
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That said, it is very useful for alerting traders when a reversal could be nearby. Speculators are the people on the other side of the Commercials transactions. They may run out of money, simply wish to take profit (or losses) or may no longer feel as much conviction to keep buying at higher prices or selling at lower prices. This only resulted in a minor bump up in price. Price Action Trading with Velocity and Magnitude ). Would you like to report poor quality or formatting in this book? With a few data points behind us for reference, the next major opportunity to use the COT came in 2017. Useful for noting the transition from pullback to trend. Commercials include importers or exporters who are hedging foreign currency exposure to control costs or normalize income. Do you believe that this item violates a copyright?
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