Thread: Another way to trade PA profitably

How can COT report advantage for you?

Originally Posted by ;

I will be waiting for another COT report to reveal if there is a reversal of sentiment but so far I must thank the commercials.

. .and that the Elliot Wave Theory.

The COT report sets the market leadership for me. I know and you should know that the COT is published with a delay, so wait for the price action that confirms time of entry. Itself is a red herring.

Read in the beginning of the thread and find out just how some traders here positioned themselves based on the COT reading. There is not anything wrong setting up your very own reading but do it in conjunction with the CURRENT market, the current price action. This is precisely what I do.

If the COT shows a substantial inclusion of the commercials on each side of the market, I go against them for short term drama. I follow the commercials as soon as they start losing it. This isn't a bullet-proof system and none is.

This time around, as you can see, I knew there were 30K new commercial traders added to COT in GBP/USD long position. Hey, this really is a significant few!
However, what when I jump in immediately, on the long side? It's true, you got it I shed, like an impatient gambler, inexperienced novice. What should I do? Await MY price action and get in.

Just stay calm, allow the market bring you the freshness of breeze (Price Action) and... be ready to shed.

which has been a fantastic breakout. I am closing this transaction with 220 pips. It might be sufficient per week. I will wait for a new COT till tonight.

Good luck!

If you followed the COT report (9K growth of the commercials buying GBP/USD), price action suggestive of bullish reversal was still available until early now. PA pattern (pinbar) bouncing off the former daily resistance needed a set up for me.

Dear Thread,

Interesting read. Thanks for the input of everyone. What, ultimately, is your best source for a quick visual read of COT? And, can it be as simple as, figure out which way the commericals are trading and utilize your own technicals to follow them?

Thanks,

Originally Posted by ;

Dear Thread,

Interesting read. Thank you for everyone's input. What, finally, is your very best source for a fast visual read of COT? And, can it be as straightforward as, determine which way the commericals are trading and use your own technicals to follow them?

Thanks,

Lenoxer

pm mepersonally, so that I can send you a link where you can read some cot charts.
cheers

Originally Posted by ;

Simply go to the first post, click edit, choose advanced and you can edit the title.

PHP Code: <code><span style=”color: #000000”> <span style=”color: #0000BB”>GoingfromtheCOTontheUSDX</span><span style=”color: #007700”>and</span><span style=”color: #0000BB”>EURFXitappearstherearealotofpeoplebelie vinginastrongerdollararound</span><span style=”color: #007700”>:-RRB-
</span><span style=”color: #0000BB”></span> </span> </code> Dunno, appears the COT is also wrong a lot of occasions and just COT Pin pubs (fast transfer to extremes of both, then almost as fast return occurs next) seem to work okay, and the commercials also seem to enjoy getting out of positions pretty darn fast =gt; I view diminished positions fairly quickly.

testing

Originally Posted by ;

Just go to the very first post, click edit, select advanced and you are able to edit the title.

PHP Code: <code><span style=”color: #000000”> <span style=”color: #0000BB”>GoingfromtheCOTontheUSDX</span><span style=”color: #007700”>and</span><span style=”color: #0000BB”>EURFXitappearstherearealotofpeoplebelie vinginastrongerdollararound</span><span style=”color: #007700”>:-RRB-
</span><span style=”color: #0000BB”></span> </span> </code> Dunno, seems the COT can also be incorrect a lot of occasions and just COT Pin pubs (fast move to extremes of both, then nearly as fast return happens next) seem to work okay, as well as the advertisements also seem to love getting out of positions pretty damn fast =gt; I view diminished rankings rather quickly.

Good

Originally Posted by ;

Hm I am still lacking a decent source for COTs along with a fantastic visual representation.

I'm also still not convinced at all that it is good for me. . .maybe I'm just unable to interpret it properly. . .it'd help a lot if there were actual pictures posted as well with a justifiion Together with the PA accompanying it, giving the whole thing a bit of meaning...

Currently it is just some posts that could be anything...I read USDCHF will be great following week, I look at the USDX and think....hohum....how's that thing going to fly... although one...

testing

Originally Posted by ;

Hm Inserted Code I am still lacking a decent resource for COTs and a fantastic visual representation. I'm also still not convinced at all that it works for me. . .maybe I'm just not able to interpret it correctly. . .it'd help a lot if there were real pictures submitted as well with a justifiion along with the PA accompanying it, giving the Entire thing a bit of significance...

Currently it's just some posts that may be anything...I read USDCHF will be great next weekI consider the USDX and believe....hohum....how's that thing going to fly... even...

analyzing