The Commitments of Traders (CoT) Report Forex Factory

Former investment bank FX trader: Risk management part 3/3

Former investment bank FX trader: Risk management part 3/3
Welcome to the third and final part of this chapter.
Thank you all for the 100s of comments and upvotes - maybe this post will take us above 1,000 for this topic!
Keep any feedback or questions coming in the replies below.
Before you read this note, please start with Part I and then Part II so it hangs together and makes sense.
Part III
  • Squeezes and other risks
  • Market positioning
  • Bet correlation
  • Crap trades, timeouts and monthly limits

Squeezes and other risks

We are going to cover three common risks that traders face: events; squeezes, asymmetric bets.

Events

Economic releases can cause large short-term volatility. The most famous is Non Farm Payrolls, which is the most widely watched measure of US employment levels and affects the price of many instruments.On an NFP announcement currencies like EURUSD might jump (or drop) 100 pips no problem.
This is fine and there are trading strategies that one may employ around this but the key thing is to be aware of these releases.You can find economic calendars all over the internet - including on this site - and you need only check if there are any major releases each day or week.
For example, if you are trading off some intraday chart and scalping a few pips here and there it would be highly sensible to go into a known data release flat as it is pure coin-toss and not the reason for your trading. It only takes five minutes each day to plan for the day ahead so do not get caught out by this. Many retail traders get stopped out on such events when price volatility is at its peak.

Squeezes

Short squeezes bring a lot of danger and perhaps some opportunity.
The story of VW and Porsche is the best short squeeze ever. Throughout these articles we've used FX examples wherever possible but in this one instance the concept (which is also highly relevant in FX) is best illustrated with an historical lesson from a different asset class.
A short squeeze is when a participant ends up in a short position they are forced to cover. Especially when the rest of the market knows that this participant can be bullied into stopping out at terrible levels, provided the market can briefly drive the price into their pain zone.

There's a reason for the car, don't worry
Hedge funds had been shorting VW stock. However the amount of VW stock available to buy in the open market was actually quite limited. The local government owned a chunk and Porsche itself had bought and locked away around 30%. Neither of these would sell to the hedge-funds so a good amount of the stock was un-buyable at any price.
If you sell or short a stock you must be prepared to buy it back to go flat at some point.
To cut a long story short, Porsche bought a lot of call options on VW stock. These options gave them the right to purchase VW stock from banks at slightly above market price.
Eventually the banks who had sold these options realised there was no VW stock to go out and buy since the German government wouldn’t sell its allocation and Porsche wouldn’t either. If Porsche called in the options the banks were in trouble.
Porsche called in the options which forced the shorts to buy stock - at whatever price they could get it.
The price squeezed higher as those that were short got massively squeezed and stopped out. For one brief moment in 2008, VW was the world’s most valuable company. Shorts were burned hard.

Incredible event
Porsche apparently made $11.5 billion on the trade. The BBC described Porsche as “a hedge fund with a carmaker attached.”
If this all seems exotic then know that the same thing happens in FX all the time. If everyone in the market is talking about a key level in EURUSD being 1.2050 then you can bet the market will try to push through 1.2050 just to take out any short stops at that level. Whether it then rallies higher or fails and trades back lower is a different matter entirely.
This brings us on to the matter of crowded trades. We will look at positioning in more detail in the next section. Crowded trades are dangerous for PNL. If everyone believes EURUSD is going down and has already sold EURUSD then you run the risk of a short squeeze.
For additional selling to take place you need a very good reason for people to add to their position whereas a move in the other direction could force mass buying to cover their shorts.
A trading mentor when I worked at the investment bank once advised me:
Always think about which move would cause the maximum people the maximum pain. That move is precisely what you should be watching out for at all times.

Asymmetric losses

Also known as picking up pennies in front of a steamroller. This risk has caught out many a retail trader. Sometimes it is referred to as a "negative skew" strategy.
Ideally what you are looking for is asymmetric risk trade set-ups: that is where the downside is clearly defined and smaller than the upside. What you want to avoid is the opposite.
A famous example of this going wrong was the Swiss National Bank de-peg in 2012.
The Swiss National Bank had said they would defend the price of EURCHF so that it did not go below 1.2. Many people believed it could never go below 1.2 due to this. Many retail traders therefore opted for a strategy that some describe as ‘picking up pennies in front of a steam-roller’.
They would would buy EURCHF above the peg level and hope for a tiny rally of several pips before selling them back and keep doing this repeatedly. Often they were highly leveraged at 100:1 so that they could amplify the profit of the tiny 5-10 pip rally.
Then this happened.

Something that changed FX markets forever
The SNB suddenly did the unthinkable. They stopped defending the price. CHF jumped and so EURCHF (the number of CHF per 1 EUR) dropped to new lows very fast. Clearly, this trade had horrific risk : reward asymmetry: you risked 30% to make 0.05%.
Other strategies like naively selling options have the same result. You win a small amount of money each day and then spectacularly blow up at some point down the line.

Market positioning

We have talked about short squeezes. But how do you know what the market position is? And should you care?
Let’s start with the first. You should definitely care.
Let’s imagine the entire market is exceptionally long EURUSD and positioning reaches extreme levels. This makes EURUSD very vulnerable.
To keep the price going higher EURUSD needs to attract fresh buy orders. If everyone is already long and has no room to add, what can incentivise people to keep buying? The news flow might be good. They may believe EURUSD goes higher. But they have already bought and have their maximum position on.
On the flip side, if there’s an unexpected event and EURUSD gaps lower you will have the entire market trying to exit the position at the same time. Like a herd of cows running through a single doorway. Messy.
We are going to look at this in more detail in a later chapter, where we discuss ‘carry’ trades. For now this TRYJPY chart might provide some idea of what a rush to the exits of a crowded position looks like.

A carry trade position clear-out in action
Knowing if the market is currently at extreme levels of long or short can therefore be helpful.
The CFTC makes available a weekly report, which details the overall positions of speculative traders “Non Commercial Traders” in some of the major futures products. This includes futures tied to deliverable FX pairs such as EURUSD as well as products such as gold. The report is called “CFTC Commitments of Traders” ("COT").
This is a great benchmark. It is far more representative of the overall market than the proprietary ones offered by retail brokers as it covers a far larger cross-section of the institutional market.
Generally market participants will not pay a lot of attention to commercial hedgers, which are also detailed in the report. This data is worth tracking but these folks are simply hedging real-world transactions rather than speculating so their activity is far less revealing and far more noisy.
You can find the data online for free and download it directly here.

Raw format is kinda hard to work with

However, many websites will chart this for you free of charge and you may find it more convenient to look at it that way. Just google “CFTC positioning charts”.

But you can easily get visualisations
You can visually spot extreme positioning. It is extremely powerful.
Bear in mind the reports come out Friday afternoon US time and the report is a snapshot up to the prior Tuesday. That means it is a lagged report - by the time it is released it is a few days out of date. For longer term trades where you hold positions for weeks this is of course still pretty helpful information.
As well as the absolute level (is the speculative market net long or short) you can also use this to pick up on changes in positioning.
For example if bad news comes out how much does the net short increase? If good news comes out, the market may remain net short but how much did they buy back?
A lot of traders ask themselves “Does the market have this trade on?” The positioning data is a good method for answering this. It provides a good finger on the pulse of the wider market sentiment and activity.
For example you might say: “There was lots of noise about the good employment numbers in the US. However, there wasn’t actually a lot of position change on the back of it. Maybe everyone who wants to buy already has. What would happen now if bad news came out?”
In general traders will be wary of entering a crowded position because it will be hard to attract additional buyers or sellers and there could be an aggressive exit.
If you want to enter a trade that is showing extreme levels of positioning you must think carefully about this dynamic.

Bet correlation

Retail traders often drastically underestimate how correlated their bets are.
Through bitter experience, I have learned that a mistake in position correlation is the root of some of the most serious problems in trading. If you have eight highly correlated positions, then you are really trading one position that is eight times as large.
Bruce Kovner of hedge fund, Caxton Associates
For example, if you are trading a bunch of pairs against the USD you will end up with a simply huge USD exposure. A single USD-trigger can ruin all your bets. Your ideal scenario — and it isn’t always possible — would be to have a highly diversified portfolio of bets that do not move in tandem.
Look at this chart. Inverted USD index (DXY) is green. AUDUSD is orange. EURUSD is blue.

Chart from TradingView
So the whole thing is just one big USD trade! If you are long AUDUSD, long EURUSD, and short DXY you have three anti USD bets that are all likely to work or fail together.
The more diversified your portfolio of bets are, the more risk you can take on each.
There’s a really good video, explaining the benefits of diversification from Ray Dalio.
A systematic fund with access to an investable universe of 10,000 instruments has more opportunity to make a better risk-adjusted return than a trader who only focuses on three symbols. Diversification really is the closest thing to a free lunch in finance.
But let’s be pragmatic and realistic. Human retail traders don’t have capacity to run even one hundred bets at a time. More realistic would be an average of 2-3 trades on simultaneously. So what can be done?
For example:
  • You might diversify across time horizons by having a mix of short-term and long-term trades.
  • You might diversify across asset classes - trading some FX but also crypto and equities.
  • You might diversify your trade generation approach so you are not relying on the same indicators or drivers on each trade.
  • You might diversify your exposure to the market regime by having some trades that assume a trend will continue (momentum) and some that assume we will be range-bound (carry).
And so on. Basically you want to scan your portfolio of trades and make sure you are not putting all your eggs in one basket. If some trades underperform others will perform - assuming the bets are not correlated - and that way you can ensure your overall portfolio takes less risk per unit of return.
The key thing is to start thinking about a portfolio of bets and what each new trade offers to your existing portfolio of risk. Will it diversify or amplify a current exposure?

Crap trades, timeouts and monthly limits

One common mistake is to get bored and restless and put on crap trades. This just means trades in which you have low conviction.
It is perfectly fine not to trade. If you feel like you do not understand the market at a particular point, simply choose not to trade.
Flat is a position.
Do not waste your bullets on rubbish trades. Only enter a trade when you have carefully considered it from all angles and feel good about the risk. This will make it far easier to hold onto the trade if it moves against you at any point. You actually believe in it.
Equally, you need to set monthly limits. A standard limit might be a 10% account balance stop per month. At that point you close all your positions immediately and stop trading till next month.

Be strict with yourself and walk away
Let’s assume you started the year with $100k and made 5% in January so enter Feb with $105k balance. Your stop is therefore 10% of $105k or $10.5k . If your account balance dips to $94.5k ($105k-$10.5k) then you stop yourself out and don’t resume trading till March the first.
Having monthly calendar breaks is nice for another reason. Say you made a load of money in January. You don’t want to start February feeling you are up 5% or it is too tempting to avoid trading all month and protect the existing win. Each month and each year should feel like a clean slate and an independent period.
Everyone has trading slumps. It is perfectly normal. It will definitely happen to you at some stage. The trick is to take a break and refocus. Conserve your capital by not trading a lot whilst you are on a losing streak. This period will be much harder for you emotionally and you’ll end up making suboptimal decisions. An enforced break will help you see the bigger picture.
Put in place a process before you start trading and then it’ll be easy to follow and will feel much less emotional. Remember: the market doesn’t care if you win or lose, it is nothing personal.
When your head has cooled and you feel calm you return the next month and begin the task of building back your account balance.

That's a wrap on risk management

Thanks for taking time to read this three-part chapter on risk management. I hope you enjoyed it. Do comment in the replies if you have any questions or feedback.
Remember: the most important part of trading is not making money. It is not losing money. Always start with that principle. I hope these three notes have provided some food for thought on how you might approach risk management and are of practical use to you when trading. Avoiding mistakes is not a sexy tagline but it is an effective and reliable way to improve results.
Next up I will be writing about an exciting topic I think many traders should look at rather differently: news trading. Please follow on here to receive notifications and the broad outline is below.
News Trading Part I
  • Introduction
  • Why use the economic calendar
  • Reading the economic calendar
  • Knowing what's priced in
  • Surveys
  • Interest rates
  • First order thinking vs second order thinking
News Trading Part II
  • Preparing for quantitative and qualitative releases
  • Data surprise index
  • Using recent events to predict future reactions
  • Buy the rumour, sell the fact
  • The mysterious 'position trim' effect
  • Reversals
  • Some key FX releases
***

Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.
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Trading Ideas For Next Week [Week 2] (Part 1)

Trading Ideas For Next Week [Week 2] (Part 1)
Due to popular demand I've decided to bring this series back for a week 2 and I'll continue to release 3-5 trading ideas every Saturday. How do you guys feel about the name of this series? Would you like me to change the name to something like "Setup Saturdays" or are you guys cool with the current naming scheme?
So this week I wanted to be a lot more in depth in my analysis and setups since I didn't think I was super clear last week with my reasoning on some the setups. I want these posts to be as beginner friendly as possible because there's a lot more beginners in this Subreddit than I had realized. I want you to use this as an educational tool and not as a signal service as a result I'm going to give you possible trade setups and I want you to be the judge of whether you should enter once/if price gets to that point since I feel like that will benefit beginners in the long run. I got a couple questions about top down time frame analysis so that'll be a focus of today's post. Scroll down to NZDJPY if you really want an in-depth look at how I perform top down time frame analysis.
I'll include a picture of a chart and my TradingView chart so if you want to zoom in and out of the chart you'll have that ability to do so.
Quick Disclaimer: Some of the charts pricing might be off by a bit since I started working on this during the New York session on Friday. If any of the charts are impacted in a way that alters the setup I'll be sure to update the charts before I post this on Saturday. Just gotta hope that hope that Powell doesn't break the market or else I might have to redo this entire post.
AUDUSD:

AUDUSD Daily
TradingView Link For Daily: https://www.tradingview.com/chart/AUDUSD/Wb5K2bS8-AUDUSD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Which way is the trend pointing? It looks like it's pointing up which we can see with the green trend line but how about we zoom in to the 4 hour char to see if that's actually the case.
Tip: When drawing a trend line, especially on the daily and higher time frames, remember to hit as many wicks as possible since they are relevant and not just some anomaly you can ignore.

AUDUSD 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/AUDUSD/aah8294z-AUDUSD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: When we got close to where we are with price and we draw a Fibonacci Retracement from the point where price took off to the point where price peaked we can see that price came down to .5 Fibonacci level where it then started going up again. Coincidence? Possibly. As a result I believe that price could continue higher and it would be justified if it did. However, if we look at the trend lines we can see that price appears to have broke put of of our major trend line (Green) which means that price could fall to the downside if it's actually a breakout. Price then appears like it would then adhere to the new minor trend line (Red). There's also the possibility that this was just a fake breakout and price could go up and adhere to green trend line. I'm going to have a selling bias on this trade since price looks like it double topped at the highs of this year and it looks like we could see price fall. I'm leaning towards the drop of price due to the symmetrical triangle pattern created by the major and minor trend line and looks like price is going to get pushed down which we should get an idea of soon.
Tip: Every time price makes a large move and falls/rises after making a peak/valley always pull out the Fibonacci retracement tool to see if price will bounce from the .382, .5, or .618 levels as they are the most significant levels. This can tell you if you're going to likely get a trend continuation.

AUDUSD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/AUDUSD/IHgrnfYs-AUDUSD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: I drew out multiple different scenarios which I think can play out since like I said before we're not trying to predict a single movement but we're preparing to be reactive to an ideal condition which may be thrown at us. Remember that major trend line we drew in on the daily chart well it's going to play a large role here. This trend line has been in the making since March so we're not just going to brush it off. The trend line appears to have been broken and we seem to be sticking that minor trend line after the break of the symmetrical triangle pattern. After the break of the symmetrical triangle pattern price usually gets pushed heavily to one side and it looks like price is wanting to get pushed to the downside. As a result, I'm going to really keep on eyes on scenario the blue arrows display since I think it's the most probable. Looking at the scenario there are going to be two potentially good entry points for a sell. The first being when price goes up to retest the green trend line which would also serve as a bounce from our red trend line. Once we get that bounce we could enter in for a sell with a take profit hopefully somewhere around the .66 area. Another good entry would be when price breaks the zone of support of .68 and after it retests it. Wait for a confirmation candlestick pattern showing price will fall when retesting (i.e. railroad track, bullish engulfment candle, evening star, shooting star, etc.). Look for these candlestick patterns on the 15 minute chart. Once you got the confirmation take the sell and ride price down to the .66 zone. The other scenario that could occur is we could see price go back into the green trend line by breaking the red trend line (Orange Arrows). If this occurs we want to catch the retest bounce of the red trend line and ride price up to the high of the year which is at .702. At that point price could break the resistance at which point we could catch the retest of the zone and ride price up. Or it could go up to .702 create a triple top and fall. If you get a candlestick confirmation saying it'll fall then take a sell at the high of the year.
NZDUSD:
If there's something I really like in Forex it's definitely got to be harmonic patterns due to their high accuracy. NZDUSD just recently completed one of them and this is a really good indicator of what price is going to do.

NZDUSD Daily
TradingView Chart For Daily: https://www.tradingview.com/chart/NZDUSD/zQpHzUcK-NZDUSD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Yes, we have trend line that says that price is going up however I make exceptions for Harmonic patterns since they are accurate about 80%-90% of the time. The pattern you see above is know as a Bearish Bat Pattern. Like the name says it's an indicator that price is going to go Bearish so although the trend line is going up I'm going to have a bearish bias on this trade.

NZDUSD 4 Hour
TradingView Chart For 4 Hour: https://www.tradingview.com/chart/NZDUSD/C29kpCyO-NZDUSD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Not really much to add here just tossed on a Fibonacci retracement tool from where price took off to the peak just to check for any potential support from any of the major levels which we don't appear to have. We'll go a lot more in-depth on this pair on the 1 hour chart since that's where things get interesting.

NZDUSD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/NZDUSD/dKJatcM7-NZDUSD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at price we can see that since June 11th price has been trading in a boxed consolidation range. Again I drew out the possibilities I believe could be ideal for us. Remember that I said Harmonics work 80%-90%. Well that means that they fail 10%-20% of the time which is definitely not something we can neglect. We can see that there's a descending triangle which price is reaching the end of. This means that price is getting ready to move to one direction since big moves always come after consolidation. If it moves to upside wait for price to close above the the spot marked D then you can enter for a buy and ride price up to the .67525 zone where price could break to upside or bounce back down (Orange Arrow). Remember to wait for it to actually close above point D since it could create a triple top and drive price back down. It's the same procedure as AUDUSD here if it makes this move where if it breaks it then catch the retest and if it looks like it's wanting to fall down wait for a confirmation pattern. If it breaks the box to the downside and breaks the support zone then take a sell and ride price down to the trend line at which point you should close the trade as there's a chance price could move against you and it's best to secure profits while you can. Once at the trend line it could bounce and if it does you should be able to ride price up to that .67525 zone (Green Arrow). If price breaks the trend line then wait for the retest and you should be able to ride price down pretty far (Red Arrows). I think you should be able to ride it down to .5918 zone but you'll have to keep your on it.
EURNZD:

EURNZD Daily
TradingView Link For Daily: https://www.tradingview.com/chart/EURNZD/jzgmGcRe-EURNZD-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Well we got a pretty clear descending channel and price looks like it's at the top part of the channel currently so we're going to want to look for some optimal selling conditions due to the down trend.

EURNZD 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/EURNZD/YzOpvcH7-EURNZD-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at the 4 hour chart we can see that there appears to be a symmetrical triangle coming to it's end meaning price is getting ready to get pushed to a side. I believe it'll break the triangle and fall to the downside so once you see it break it would be a good idea to take a sell and ride price down to that support zone at 1.7187. Price could also briefly break to the upside then bounce off the top of the channel and it does take a trade from the bounce and ride price down to the same support zone. At that point, I'll leave it up to you to determine how you think price will go and what you should be looking for. Consider it to be a little quiz if you want to think of it like that. You've got my charts so use them as a reference since I've already marked some crucial support/resistance zones which we should keep our on for the next couple weeks.

EURNZD 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/EURNZD/ICWvgEsg-EURNZD-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: There's nothing that special on the one hour chart that I have to point out since I think we pretty much got all the big stuff out of the way on our analysis of the 4 hour chart. Be sure to get a good sell in there since there are two potentially good setups which I've outlined for you. Also be sure to be careful and wait for the bounce of the channel if price goes that way since there's a chance price could break the channel and I don't want you to take a loss because you were impatient.
NZDJPY:
This pair is going to be really fun since we're going to be looking through a lot of time frames so if you really want to learn about a top down approach to analyzing time frames and trends then pay very close attention to how I break down this trade.

NZDJPY Monthly
TradingView Link For Monthly: https://www.tradingview.com/chart/NZDJPY/jZh4F2Jv-NZDJPY-Monthly-For-Reddit-Post-6-20-U-AD3133/
Analysis: Yes, we're actually going to be looking at the monthly chart. I bet you guys don't do that very often. Looking at it we can see that price has been following a clear down trend line since late 2014. If you look at the wick of this month's candle you can see that it appears to have touched the trend line meaning we could see a good opportunity to catch a sell since it had just recently bounced off. Let's take a look at lower time frames to see if this continues to be true.

NZDJPY Weekly
TradingView Link For Weekly: https://www.tradingview.com/chart/NZDJPY/dpvI29BB-NZDJPY-Weekly-For-Reddit-Post-6-20-U-AD3133/
Analysis: When zooming into the weekly we can see that using the wicks of the candles we can actually draw a channel for the low portion that runs pretty much in parallel to the trend line we drew on the monthly chart. We can see that price clearly bounced from the trend line and I think this gives us good reason to believe in the coming weeks we could see the price drop. Also looking at the Bollinger Bands we can see that price also bounced from the top band which also supports a drop of price. Let's go into the daily to see if we can get a better idea.

NZDJPY Daily
TradingView Link For Daily: https://www.tradingview.com/chart/NZDJPY/NbWLURkU-NZDJPY-Daily-For-Reddit-Post-6-20-U-AD3133/
Analysis: Looking at the daily time frame we can see that price is currently consolidated and remember big moves always come after consolidation. If you look closely however you can see that price looks like it's about to break the 200 day EMA (Orange line). If it breaks the EMA we could see price drop pretty far at an accelerated rate. Besides those couple observations there's not much else going on with the daily chart.

NZDJPY 4 Hour
TradingView Link For 4 Hour: https://www.tradingview.com/chart/NZDJPY/d1kaogH5-NZDJPY-4-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Would you look at that, it looks like we got a descending triangle on the 4 hour chart which looks like it's coming to an end. Looking at price it looks like it's wanting to push to the downside. Once you get a break below the lows of the day of June 11th I think it would be a safe bet to take a sell trade and ride it down for 66.825 for this week. If it breaks the 66.825 support zone then I'll definitely take a sell and try to ride price down to the bottom of the channel which we drew on the weekly chart. There's also the possibility that price could take support at any of these support zones and then head back up to test the top of the channel. At which point I'll be looking to get into a sell at the top of the channel but I won't ride price up to the channel since at this current point in time I feel like there's a large amount of risk in that.

NZDJPY 1 Hour
TradingView Link For 1 Hour: https://www.tradingview.com/chart/NZDJPY/83b47mFS-NZDJPY-1-Hour-For-Reddit-Post-6-20-U-AD3133/
Analysis: Not much more to add here since I think by this point we got the entire story so I'm not going to say much more about the 1 hour chart since I think the analysis for the 4 hour chart also sums this up pretty well.
Well that was a lot of information to go through and I hope you found some value in this since it took me quite a few hours to put this together for you guys. Truth be told, I spent most of Friday working on this so I hope at least one person finds some value in which case I'll consider it a win.
So you guys tired of me yet or do you want me to continue this series for a week 3? It takes a lot of time and effort to put this together so I'll only do it if people want it or else I'll pretty much feel like I wasted my time. I might put together a little lesson on how to use the COT in order to catch some big reversal moves in the market since the COT pretty much tells you what the hedge funds are doing and you also want to trade with the hedge funds and institutions. It'll probably take a couple weeks since I'll have to compile some data together and wait for a setup before putting that out but I'll be working on it. Are there any other things you may want explained? Let me know and I'll try to find setups which contain the topic you may want more details on. I hope you have a great trading week!
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So you wanna be a proffesional trader?

Back to the trenches I guess. Some of you might remember my last post over proffesional approaches to the markets. If not I suggest you take a look on it before reading this.
https://www.reddit.com/Forex/comments/cxymyf/a_peek_into_how_financial_institutions_play_this/
I promised to discuss some stuff about macroeconomic approaches to forex, and well, with some delay here I am. Again, here I introduce the very same disclaimer. This is a professional approach, not coming from retail. Take everything with a grain of salt, and exercise proper due diligence with your approach. Sincerely hope you get something out of this post.
An inconvenient, forex truth
You've been there, struggling and suffering for a while. You have experienced the pain that the markets can unleash on you. You have left positions on the red for longer than your sanity could possible hold. You have opened positions that moved to the green, but you did not take any profits and you let that position slowly die and possibly causing huge loses. Now here you are , in October 2019, possibly as a breakeven trader, still suffering and trying. You have researched hundreds of indicators, if not thousands. You thought you have all sorted out with your RSI , stochastics and TDI. Yet you have switched between strategies more than you have changed your underpants in your whole life. Spent too many hours looking at the screen, wondering what the hell you are still missing.
And the incovenient truth is that you want the glitz and the glamour, and the caviar, but you are not willing to eat the shit. And this is the shit: How are you expecting to make any good money on a field where you dont know virtually anything about it. Nor the substance that you are trading, nor what moves it. How are you actually expecting to beat guys that breath and eat economics?. You know literally nothing about volatility and liquidity, about interbanking flows , about puts and calls, market microestructure and price delivery mechanisms both on OTC markets and CME , what is GDP , how is calculated and why is critical. CPI, NMI, GDP to debt ratios, UST, repo markets, shadow banking, carry diferentials, how and why commodities alter certain currencies. EM vs G10 currencies, pegged vs unpegged. Balances of Payments.... When you hear "greeks" you are thinking about the Iliad or Athens. You know nothing about business and credit cycles. Valuation anchors, return to the mean, standard deviations, fair values. I could go on and on and on. Does this make you uncomfortable? It should.
You have dozens of the best students that the world can produce, coming out of the London School of Economics, or from IT degrees in Harvard and MIT, all moving into freaking huge financial institutions, building complex system, doing incredible research . Funded to an extreme you can not imagine. Working in partnership with the IMF and Central Banks all aroundthe world. PhD's dedicating their lifes to such complex systems and situations....... and yet here you are, insolent and ignorant piece of s***, you that have been trying to make your "RSI" or "stochastic" work for 2 months, trying to beat this multi billion-trillionaire infrastrucure. Do you start to realize where the f*** do you stand? Do you really believe even for a freaking second that you can beat them on their game? Using RSI or Ichimoku? EAT.THIS.SHIT.
And its not that technicals are not necesary. They are. But believe me, I (and most pro's that I've ever engaged with) spent less than 1/5 of the time actually managing trades and looking at price charts. If I'm not scalping , my day starts with me reading around 12 to 15 research papers coming from the main financial institutions, glued to my Reuters terminal reading more reports, looking at polls, updating my macroeconomic models with the latest data, performing calculations related to options...... only then, with a fundamental trading idea, I will move to evaluate technicals to see if the timing is good.
I want to learn, how shall I procede?
You want to build a lasting and enjoyable relationship with the market? EAT THE SHIT, and do all that is under your control to actually be able to open The Financial Times and understand what they are talking about. It will take you years, and for the education, hundreds of dollars. But this is how it goes if you want to get real. This is career, not a hobby. This is simply the way to be consistent. EAT THE SHIT.
I compiled some resources to get you started:
ACATIS Konferenz 2016, Mr. Koo, Surviving in the Intellectually Bankrupt Monetary Policy Environment - A great video coming from Nomura, to understand the actual shitty situation in the Eurozone.
Online Courses - Look for IMF on EDX. Also, a fenomenal course on Banking and Money in Coursera.
Books -
Macroeconomics, Gregory Mankiw - Start here to graps the basic concepts
Financial Times Guide to the Financial Markets
Financial Times Guide to Banking
Applied Financial Macroeconomics and Investment Strategy: A Practitioner’s Guide to Tactical Asset Allocation
The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy
The Other Half of Macroeconomics and the Fate of Globalization (English Edition)
The new lombard street - how the fed became the dealer of last resort
Foreign Exchange , Amy Middleton
The Role of Currency in Institutional Portfolios, Momtchil Pojarliev and Richard M. Levich
Currency Overlay: A Practical Guide, Second Edition, Hai Xin
The Handbook of Corporate Financial Risk (2nd edition)
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Wiley Trading)
How I Made One Million Dollars Last Year Trading Commodities
Market Liquidity: Theory, Evidence, and Policy (English Edition)
Trading And Exchanges: Market Microstructure For Practitioners
The Microstructure Approach to Exchange Rates
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Big Debt Crises
Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional
The Volatility Machine: Emerging Economics and the Threat of Financial Collapse (English Edition)
Stabilizing an Unstable Economy
submitted by Cryptochihuahua to Forex [link] [comments]

Daily Trading Thread - Thurdsay 3.1.18

Hi everyone! Thanks for joining. This sub is for active traders of crypto and stocks, those looking to make a fat YUGE profit. While all are welcome, we are more geared for traders with a serious mindset. Post your ideas for today here.
Follow us on StockTwits and chat live on our Discord: trader chat.
Wiki: resources
FINVIZ HEATMAP - FINVIZ FUTURES - FOREX - NEWS FEED
MAR 1 THU Fear & Greed Index
Economic Calendar: Results & More
Time Release For Actual Expected Prior
8:30:00 AM Personal Income Jan - 0.40% 0.30%
8:30:00 AM Personal Spending Jan - 0.30% 0.20%
8:30:00 AM PCE Prices Jan - 0.40% 0.40%
8:30:00 AM PCE Prices - Core Jan - 0.30% 0.30%
8:30:00 AM Initial Claims 24-Feb - 230K 227K
8:30:00 AM Continuing Claims 17-Feb-18 - NA NA
10:00:00 AM ISM Index Feb - 59.00 58.40
10:00:00 AM Construction Spending Jan - 0.30% 0.30%
10:30:00 AM Natural Gas Inventories 24-Feb-18 - NA NA
2:00:00 PM Auto Sales Feb - NA NA
2:00:00 PM Truck Sales Feb - NA NA
Ex-Dividend: Calendar
Ex- Div Company Amt Yield
AJG A.J.Gallagher Rg 0.41 0.02
ALGT Allegiant Travel Rg 0.70 0.02
AMNB American Nat Bnk Rg 0.25 0.03
APLE Apple Hosp REIT Rg 0.10 0.07
BAC Bank of America Rg 0.12 0.01
BAX Baxter Intl Rg 0.16 0.01
BRKS Brooks Automatio Rg 0.10 0.02
CBOE Cboe Glbl Mkt Rg 0.27 0.01
CGNX Cognex Rg 0.05 0.00
CHFC Chemical Financi Rg 0.28 0.02
CHRW C.H.Robinson Wld Rg 0.46 0.02
D Dominion Energy Rg 1.67 0.04
DAN Dana Rg 0.10 0.01
EXPO Exponent Rg 0.26 0.01
FINL FINISH LINE 0.12 0.04
FLO Flowers Foods Rg 0.17 0.03
FRME First Merchants - Registered 0.18 0.02
HLI Houlihan Lokey Rg-A 0.20 0.02
HLT Hiltn Wrld Hldgs Rg 0.15 0.01
MLHR Herman Miller Rg 0.18 0.02
NAVG Navigators Group Rg 0.07 0.00
NAVI Navient Rg 0.16 0.05
ODP Office Depot Rg 0.03 0.04
PEP PEPSICO RG 0.81 0.03
PRGO Perrigo Rg 0.19 0.01
SEE Sealed Air Rg 0.16 0.02
SNA Snap-On Rg 0.82 0.02
SPKE Spark Ener Rg-A 0.18 0.35
SWM Schweitzer-Maudu Rg 0.43 0.04
TFX Teleflex Rg 0.34 0.01
TRST Trustco Bank Rg 0.07 0.00
WHR Whirlpool Rg 1.10 0.03
WSR Whitestone REIT Rg 0.10 0.09
WTS Watts Water Tech-A 0.19 0.01
WY Weyerhaeuser Co - Registered 0.32 0.04
Earnings Reports: Morningstar Earnings Calendar & Results
Company Release Est. EPS Company Release Est. EPS
51job (JOBS) Afternoon 0.64 Liberty Interactive Co. - Series B Liberty Ventures (LVNTB) Morning N/A
Algonquin Power & Utilities (AQN) Afternoon 0.12 Liberty Interactive (QVCA) Morning 0.49
Altisource Residential (RESI) Morning -0.56 Liberty Interactive QVC Group (QVCB) Morning N/A
AMC Networks (AMCX) Morning 1.50 Liberty Media Co. - Series A Liberty Formula One (FWONA) Morning -0.22
America First Multifamily Investors (ATAX) Afternoon 0.06 Liberty Media Co. - Series C Liberty Formula One (FWONK) Morning -0.38
American Outdoor Brands (AOBC) Afternoon 0.08 Liberty Sirius XM Group (LSXMA) Morning 0.41
Anheuser Busch Inbev (BUD) Morning 1.10 Liberty Sirius XM Group (LSXMB) Morning N/A
Apricus Biosciences (APRI) N/A -0.15 Liberty Sirius XM Group (LSXMK) Morning 0.40
AquaVenture (WAAS) Morning -0.24 Loxo Oncology (LOXO) Morning -1.14
Ares Commercial Real Estate (ACRE) Morning 0.23 LTC Properties (LTC) Afternoon 0.50
Ashford Hospitality Trust (AHT) Afternoon 0.21 MBIA (MBI) Afternoon 0.09
Atlantic Power (AT) Afternoon -0.04 Methode Electronics (MEI) Morning 0.66
Avaya (AVYA) N/A -0.14 MGP Ingredients (MGPI) Morning 0.47
Babcock & Wilcox Enterprises (BW) Afternoon -0.06 Middlesex Water (MSEX) N/A 0.33
Barnes & Noble Education (BNED) Morning 0.07 Nationstar Mortgage (NSM) Morning 0.43
Barnes & Noble (BKS) Morning 1.05 Natural Resource Partners (NRP) Morning 0.95
Best Buy (BBY) Morning 1.99 Nektar Therapeutics (NKTR) Afternoon -0.33
Big Lots (BIG) Morning N/A NeoPhotonics (NPTN) Afternoon -0.22
BioScrip (BIOS) Morning -0.08 Nordstrom (JWN) Afternoon 1.22
BlueLinx (BXC) Morning N/A Nutanix (NTNX) Afternoon -0.25
Cable One (CABO) Morning 5.86 Omeros (OMER) Afternoon -0.16
California Water Service Group (CWT) Afternoon 0.22 ORBCOMM (ORBC) Morning -0.09
Canadian Natural Resource (CNQ) Morning 0.30 Paratek Pharmaceuticals (PRTK) Morning -0.75
Capella Education (CPLA) Afternoon 0.99 Park Hotels & Resorts (PK) Afternoon 0.22
City Office REIT (CIO) Morning -0.09 Pattern Energy Group (PEGI) Morning 0.05
Colony NorthStar (CLNS) Morning 0.35 Patterson Companies (PDCO) Morning 0.52
Concert Pharmaceuticals (CNCE) Morning -0.43 Pico (PICO) Morning N/A
Consolidated Communications (CNSL) Morning 0.02 Pinnacle Foods (PF) Morning 0.95
Cott (COT) Morning 0.02 PRGX Global (PRGX) N/A 0.14
CPS Technologies (CPSH) N/A N/A Quarterhill (QTRH) Morning 0.04
Crescent Point Energy (CPG) Morning 0.06 Regal Entertainment Group (RGC) Afternoon 0.33
Dawson Geophysical (DWSN) Morning -0.28 Revlon (REV) Morning 0.08
DENTSPLY SIRONA (XRAY) Afternoon 0.81 Ribbon Communications (RBBN) Morning 0.17
Dixie Group (DXYN) Morning 0.01 RTI Surgical (RTIX) Morning 0.03
DURECT (DRRX) Afternoon -0.05 Safeguard Scientifics (SFE) Morning -0.68
Easterly Government Properties (DEA) Morning 0.32 Sothebys (BID) Morning 1.40
Farmland Partners (FPI) Afternoon 0.13 Southwestern Energy (SWN) Afternoon 0.10
Fidus Investment (FDUS) Afternoon 0.37 Spartan Motors (SPAR) Morning 0.09
Floor & Decor (FND) Morning 0.68 Splunk (SPLK) Afternoon 0.33
FS Investment (FSIC) Afternoon 0.19 StoneCastle Financial (BANX) Afternoon 0.40
FTS International (FTSI) Afternoon N/A Strayer Education (STRA) Afternoon 1.29
GAP (GPS) N/A 0.58 Tegna (TGNA) Morning 0.30
GP Strategies (GPX) Morning 0.26 Toronto-Dominion Bank (TD) Morning 1.13
Hemisphere Media Group (HMTV) Morning -0.06 TransAlta (TAC) Afternoon N/A
Horizon Global (HZN) Morning -0.14 Tribune Media (TRCO) Afternoon 0.50
Hospitality Properties Trust (HPT) Morning 0.52 Triple-S Management (GTS) Morning 0.27
Icahn Enterprises (IEP) Morning 0.56 Tronox (TROX) Morning 0.06
Impax Laboratories (IPXL) Morning 0.12 Uniti Group (UNIT) Afternoon 0.02
Intra-Cellular Therapies (ITCI) Morning -0.51 US Concrete (USCR) Morning 0.90
Intrexon (XON) Afternoon -0.32 Vector Group (VGR) Morning 0.12
Keysight Technologies (KEYS) Afternoon 0.39 Veritiv (VRTV) Morning 0.79
Kohl's (KSS) Morning 1.47 Vermilion Energy (VET) Morning 0.20
Leaf Group (LFGR) Afternoon -0.27 VMware (VMW) Afternoon 1.61
Liberty Braves Group (BATRA) Morning -0.25 Whitestone REIT (WSR) Afternoon 0.08
Liberty Braves Group (BATRK) Morning 0.04 WMIH (WMIH) Morning N/A
Liberty Interactive Co. - Series A Liberty Ventures (LVNTA) Morning 0.02 XO Group (XOXO) Morning 0.11
ZIOPHARM Oncology (ZIOP) Afternoon -0.13
PRE-MARKET MOVERS: $DDD $AKS $BBY $BUD $KSS $SRNE $TVIX $X $CRM $CRH $DGAZ $SHPG $VXX $DWT $TZA $FXI $SPXS $SNAP
ROCKET BOT - FINVIZ TOP GAINERS - FINVIZ TOP LOSERS
Crypto Watch List: BTC XLM XRB LTC ETH WTC FUN STEEM VEN GAS NEO XRP PPT SALT LEND XVG EOS SC ZCL ETC OMG POE ICX
COIN MARKET CAP - COINDESK NEWS - RISING/FALLING - COIN 360 HEATMAP
Disclaimer: The opinions in this thread and forum are solely the opinions of the individual account holders and contributors. The info should not be regarded as investment advice or as a recommendation of any particular security. All investments entail risks. As with most things in life, caveat emptor.
submitted by theprofitgod to The_Profit [link] [comments]

Let's Talk Fundamentals (because they might be important this week)

This is more of a brain dump to encourage discussion, so I'd love to hear your thoughts.
Something strange happened this week.
Stocks fell off - mostly Japanese stocks, but equity markets everywhere suffered nasty losses. The S&P 500 shat a nasty reversal candle on Thursday, and the Nikkei posted one of its largest falls in history on Friday.
At the same time bonds fell (yields rose). The US Dollar also fell.
That's not how it's supposed to work.
When stocks fall, bond yields fall (bond prices rise) because more people buy them. Where the hell was the money going?
Into the Yen and the Swiss Franc, mostly. The Yen because most of the action was in Japan. The USD/JPY and Nikkei 225 are HEAVILY correlated. I can't tell if the fall in stocks preceded the fall in USD/JPY (and AUD/JPY, which many say led the way), or if it was the other way around, but either way we had classic risk aversion kicking in.
USD/JPY posted its largest weekly decline since 2011.
There was some jawboning, and data from Japan to suggest that the new QE measures are working.
But wait a second: they've only just started. That money hasn't really filtered down to anywhere where it's actually being used to power the economy. The only real effect so far has been a massive uplift in stocks. This is because a lot of the Nikkei 225 is made up of exporters and multi-nationals, and a falling Yen boosts their expected profits - nobody's actually made any money yet.
The technicals still only say "retracement", not "reversal", but we're hanging in by a thread - especially USD/JPY. If we break Friday's low, 100 is in sight. If this break is for real, this psychological barrier will mean absolutely nothing.
After this 97.00 is next, then 95.00/94.50, then 92. I don't think any fall would get down to 92, or even 94, but 97 is highly possible by the end of this week - and if we get there, it could be in a matter of minutes.
Before I go on, COT data
(For newbie traders, COT means Commitment of Traders, and it's a series of complicated charts showing net speculative futures positioning. When you overly it onto price data, you will find that extremes of short positioning tend to precede massive rallies. This is because a LOT of people get increasingly short as price starts to fall, which reaches an extreme as it continues to fall. Price starts to come back up, and the extreme extends a little bit more, before you get a short squeeze and everyone buys furiously to get out of unprofitable short positions)
Aussie COT showed a massive extreme in short positioning: http://stocktwits.com/message/13774559
So did the Japanese Yen: http://stocktwits.com/message/13774580
The most telling is the S&P500: http://stocktwits.com/message/13774599
The light blue line says that the big money is getting more and more out of stocks (or since it's futures positioning, they're starting to bet it will fall)
All other things being equal, this means these two are probably due a large correction. All other things might not be equal, however. Extremes in quiet times can become the norm in unusual circumstances - bear this in mind.
This is the scenario if Asian stocks lead the fall. Longs are clearly nervous, but the docket is light this week. This alone could be enough - with minor bad news sparking panic selling. The US Dollar could see some initial selling purely on USD/JPY, pushing the majors higher. This will happen during the Asian session. If it happens in the morning, you will see European markets open lower, and we might get early USD weakness as USD/JPY sells off.
But it won't last. The risk aversion will spill into European and US stocks as these markets open, and they may gap significantly lower. In this case the Swiss Franc will strengthen first, followed by the US Dollar. So I don't like USD/CHF so much here. The US Dollar will almost certainly surge once US markets open.
If this is the real deal, (and that is the biggest fucking "IF" ever because many have called this reversal lots of times and have given up after being wrong repeatedly) this dollar surge will be enormous. The world will be waking up from its dream of a fragile recovery that has been overblown by surging stock markets.
Stock markets have been rallying for mixed reasons. Some of it is investor confidence, but most of it is simply the search for yield, which most cash investments can't provide at the moment. Dividend yields in stocks are good, and fund managers have been buying them because they need to beat indices, which are rising more quickly than the values of their portfolios. This cycle has fed itself, and stocks have risen, even though demand for those companies' products and services has remained tepid.
If this happens, the Yen crosses will be blown to bits, as will the majors. But don't just go short everything if you see it falling. It will be difficult to know whether it's the real thing, and you'll have to be in front of your trading screen at the time (unless you want to set breakout orders)
We are seeing all the signs of a minor bubble bursting.
The headlines have been all about markets hitting new highs, and everybody buying stocks. That is usually a sign that the smart money has started selling their large holdings to incoming retail investors, and that a lot of the profit from the bull run has been made. If stocks start to look wobbly up here, the last ones in will be the first ones out.
Look at USD/JPY or the other Yen crosses zoomed out to 2005. The rise is absurd. I showed it to my girlfriend, who doesn't know the first thing about Forex, and she said it looked unnatural and if she had to guess, the next move would be "down a bit". This kind of woke me up a little - it was so obvious because the move up seems to be against the laws of nature, even if backed by fundamentals. Humans are good at pattern recognition, and even she could look at previous price action and recognize that a sharp rise like this almost never happens without a bit of falling.
It all depends on where you bought.
For example, if you had held USD/JPY since 92.00, and you planned to hold it for the rest of the year, you wouldn't worry so much about a drop to 97 (though it would be annoying). If you were long on a break of 100.00, you would be getting the fuck out. Your stop might be at 100, or maybe you'd locked in 50 pips. The point is that longs are now nervous, and bids will be hard to find below 100. Most people are probably prepared to take a chance buying a dip into around 100 (I know I am), but not below there.
Below there are stop losses. Hundreds of millions of them.
So that's my take on things. I'm not saying the world will end this week, but we all know that what goes up very quickly when there isn't a good reason to do so, usually comes down pretty quickly as well.
Others would argue with my fundamentals. I've seen articles saying that the rise in stocks can be attributed to companies holding on to cash reserves and paying high dividends, because they are worried that the recovery might not come. When they finally do see it coming, they will start spending that cash on growing and employing people - so maybe stocks are leading the global economy in this recovery.
I say horse shit. Demand has to precede supply, and right now the powerhouses of the global economy have more supply capacity than there is demand for. We have got into this situation because corporate profits have stayed very good during the last few years, but household incomes have fallen in real terms, and the average consumer is no better off, even though central bank governors are starting to say otherwise.
You and I are still earning far less money than we should be, and spending proportionally more and more of it every year as wage growth struggles to keep up with inflation, which is already low in most developed countries. Corporate profits continue to do well, but this money is not being spent in the real economy and used to create jobs.
I'm not going to go all marxist here for my last thoughts, but it is important to realise that there is a continuing and growing concentration of wealth in the hands of the few. They might say that they are the job creators, and many of them are. But for the most part they are the wealth hoarders. That money goes into things that cause the economy to appear to be growing, but do not actually grow the real economy - company stock, large assets, investments.
They also buy things from companies that are seeing their profits grow faster than the wages they pay. Where a dozen board executives get huge bonuses and a hundred thousand shareholders see their balance sheets grow, the people who are actually spending their portion of that company's profits (the employees) don't have any more money to inject into the economy than they did last year.
These market forces are going to collide sooner or later. Either:
I'm not saying it will happen this week, or at all. All I'm saying is that stocks are rising very quickly on not much at all. There are precedents for this throughout history, and it never ends well. When you hear hoof beats, don't think zebras.
TL;DR Forecast is choppy, with a light chance of apocalypse
submitted by NormanConquest to Forex [link] [comments]

Forex4SteadyProfit - YouTube TRADING FOREX WITH COMMITMENT OF TRADERS (COT) Forex Market Preview (COT) 4.5.2019 - YouTube Forex Profitable Simple Strategy: Best COT Techniques To Catch Big Trends 3 x Setups for Profit

Course, Trading, Frank Paul, Forex Profits, COT. Module I: Secrets Of the COT Explained (2 parts, running time: 92min) Part 1 – “Secrets of the COT Explained” (53:29). In this introductory section we lay the foundation for the course content and weekly subscription data, explain key concepts pertaining to the Futures market, and review each of the three types of market participants ... Following the CoT provides no precise points for entries or exits, but it does provide an idea of the mood of the market. To be specific, this method may be upgraded with methods of technical analysis, and then eventually turned into a potentially profitable long-term Forex system, that not only follows the trend, but also catches the swings. ☛ The CoT data is an essential tool for gauging current and future sentiment in Futures or Forex market. It is highly advisable not to use CoT data alone when it comes to your trading decision. This report is not designed as a market entry tool, because the market can be near-term bullish in a long-term downtrend. Although, it can be used to confirm the mid/long term fundamental bias in a ... Forex Profits - Expert Advisors MT4 Forex forum, learn to earn profits when trading, tips tricks... everything you need to know to become a profitable trader, expert advisor downloads. Forex Profits, Download EA's, Learn all things Forex and find great deals with brokers Part 1 – COT Signals and the November 2007 Collapse of GBP/USD” (30:34) Frank Paul – Forex Profits with COT In the first week of November, 2007 the British Pound commenced an absolutely stunning (and for many people – unexpected) collapse against the greenback that wiped out much of the gains it had made past the 1.9300 mark all the way to its yearly high above 2.1100 – over 1800 ... Forex Profits With Cot. Posted by webmaster June 2, 2020 June 2, 2020. Swing Trades dauern zwischen einigen Tagen und einigen Wochen. Ein Swing Trader hält eine Position nicht lange genug, damit sich das Open Interest angeschaut. nutzen eine Kombination aus fundamentaler Analyse und technischer Analyse, um ihre Entscheidungen zu treffen. resultieren Marktbewegungen. Auch viele Teilnehmer, die ... Forex Profits with COT by Forex Mentor Product Description. About In 2003, veteran trader and educator Peter Bain founded Forexmentor.com after becoming alarmed with the misinformation that is being disseminated to new Forex traders. Peter, himself, learned how to trade in the early days of his career from some of the top traders in reputable trading houses. Peter spent an 18-month period ... Forex profits with COT report. The most important thing is to understand that there are no easy forex profits with the COT report. COT report we can use for only long term prediction and trader can not use this report for intraday trades, short time trades. Let we see another example: More about the COT report. Understanding the COT report is crucial to success as a trader. Many traders ... Frank Paul – Forex Profits with COT. You are here: Home; VIP courses; Frank Paul – Forex Profits… Module I: Secrets Of the COT Explained (2 parts, running time: 92min) Part 1 – “Secrets of the COT Explained” (53:29) In this introductory section we lay the foundation for the course content and weekly subscription data, explain key concepts pertaining to the Futures market, and ... Here is one COT Report forex strategy, along with basics of what the COT report is, and why it is worth paying attention to. COT Report Basics for Forex Trading. 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). These ...

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Forex4SteadyProfit - YouTube

Get full access to our trading techniques below and also, view a free tutorial on the COT & the ADX indicator and why there such effective indicators and money making tool to back up support and ... Get LIFE Access to Our Techniques and Daily analysis of 14 Forex pairs for just $237.00 details on the link below: https://www.learncurrencytradingonline.com... Forex CFTC COT Review Fundamental & Technical Analysis 15th Jan Part 1 Forex4SteadyProfit uploaded a video 2 years ago 6:36. Daily Video 12th Jan Part 2 - Duration: 6 minutes ... This video is unavailable. Watch Queue Queue. Watch Queue Queue BTC COT TREND ANALYS CALCULATOR. How to Avoid Losing More Money Than You Profit in Forex STEP-By-STEP GUIDE - Duration: 23:26. The Swag Academy 23,385 views

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