COT & OI

Discussion in 'Systems and Methods' started by foreigner, Dec 1, 2013.

  1. foreigner

    foreigner Est. 12480 Hours and Counting

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    For developing a better understanding of how The Commitment Of Traders and Open Interest Data can affect our trading decisions.
     
  2. foreigner

    foreigner Est. 12480 Hours and Counting

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    Ill get the ball rolling by speculating that the Euro will be making significant lower lows in the near future due to the recent decrease in open interest and commercial net flat position.

    I previously made the mistake of reading the COT & OI in relation to the weekly candle instead of the overall trend ;)

    Any views?

    [​IMG]
     
  3. Kuzia

    Kuzia Well-Known Member

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    Just a question. If coms are flat why u think its gonna go lower?
     
  4. foreigner

    foreigner Est. 12480 Hours and Counting

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    COT is trending up, meaning they could be building a long position, the sell side of the market profile is incomplete, one would expect them to build more of a long position before pushing in to new highs so new lows short to medium term is the probable direction in my opinion.

    Look what they did in March from a net flat position, they pushed the market down further whilst accumulating a long position, since then the market went up.
     
  5. foreigner

    foreigner Est. 12480 Hours and Counting

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    With all that said Ive just read this by Alexander Elder

    [​IMG]

    I may have been confusing falling open interest in a decline with falling open interest in a "slide" (which presumably means a correction)

    Therefore, If Im wrong about the market profile (which is highly probable) and the recent sell off was a "slide" then we could at the very least retest the highs and beyond.
     
  6. foreigner

    foreigner Est. 12480 Hours and Counting

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    The Daily Euro is rallying on increasing open interest indicating a strong up trend.

    Can anyone tell me why this weekly chart might support my first prediction of Euro Bearishness?!

    [​IMG]

    So, was it a decline, or a correction, thats the question..
     
  7. Tansen

    Tansen Well-Known Member

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    Looks like they equalized and will or are collecting again
     
  8. rod178

    rod178 Well-Known Member

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    COT methodology article

    www.orderflowtrading.com/Articles/tabid/392/entryid/246/longer-term-sentiment-analysis-example-for-gbpusd.aspx
     
  9. TopFroxx

    TopFroxx Well-Known Member

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    good article!
     
  10. rod178

    rod178 Well-Known Member

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    also worth reading other articles from that site, many very complementary to ICT approach, resulting in another marble dropping into the slot .

    The Usage Guide is also worth a read.
    www.orderflowtrading.com/ForexNews/UsageGuide.aspx
     
  11. rod178

    rod178 Well-Known Member

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    another good article

    http://www.orderflowtrading.com/ForexNews/NewsArchive/tabid/460/entryid/8275/COT-Analysis-for-reporting-date-Jan-21-2014.aspx
     
  12. Computater707

    Computater707 Well-Known Member

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  13. mistica64

    mistica64 Well-Known Member

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    Can you please let me know what indicators should I choose to get my chart to llok exactly like yours, especially the OI and COT data using barchart.com website?

    Many thanks.
     
  14. walshman

    walshman ICT has shown me PATIENCE is the KEY!

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    ICT explains it in the Scout Sniper series. :)
     
  15. mistica64

    mistica64 Well-Known Member

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    Cheers, found it! :thumbsup:
     

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