COT & OI
- Thread starter foreigner
- Start date
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?
I previously made the mistake of reading the COT & OI in relation to the weekly candle instead of the overall trend
Any views?
Kuzia said:
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.
With all that said Ive just read this by Alexander Elder
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.
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.
Computater707
Well-Known Member
I saw this and thought it might be worth discussion-
Perhaps this is an indication of a longer term trend and seasonal reversal - not just a bounce?
http://news.forexlive.com/!/cftc-commitment-of-traders-may-15-2015-20150515
Another article analyzing this weeks COT data- It is interesting that GBP was the only currency to have short interest increase,
http://www.marctomarket.com/2015/05/the-dollar-blues.html
Perhaps this is an indication of a longer term trend and seasonal reversal - not just a bounce?
http://news.forexlive.com/!/cftc-commitment-of-traders-may-15-2015-20150515
Another article analyzing this weeks COT data- It is interesting that GBP was the only currency to have short interest increase,
http://www.marctomarket.com/2015/05/the-dollar-blues.html
foreigner said: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?
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.