COT Report: A Day Trader's Secret Weapon

COT Report: A Day Trader's Secret Weapon

27-09-2024-tokyo-london.PNG

Code: 
//Pair Categorization
//BULLISH Pairs:

AUDCAD: +123.86 (BULLISH)

AUDCHF: +140.91 (BULLISH)

AUDJPY: +194.84 (BULLISH)

AUDNZD: +42.67 (BULLISH)

AUDUSD: +136.58 (BULLISH)

CADCHF: +17.05 (BULLISH)

CADJPY: +70.98 (BULLISH)

CHFJPY: +53.93 (BULLISH)

EURCAD: +37.83 (BULLISH)

EURCHF: +54.88 (BULLISH)

EURJPY: +108.81 (BULLISH)

EURUSD: +50.55 (BULLISH)

GBPCAD: +92.96 (BULLISH)

GBPCHF: +110.01 (BULLISH)

GBPJPY: +163.94 (BULLISH)

GBPNZD: +11.77 (BULLISH)

GBPUSD: +105.68 (BULLISH)

NZDCAD: +81.19 (BULLISH)

NZDCHF: +98.24 (BULLISH)

NZDJPY: +152.17 (BULLISH)

NZDUSD: +93.91 (BULLISH)

USDCHF: +4.33 (BULLISH)

USDJPY: +58.26 (BULLISH)


//BEARISH Pairs:

EURAUD: -86.03 (BEARISH)

EURGBP: -55.13 (BEARISH)

EURNZD: -43.36 (BEARISH)

GBPAUD: -30.90 (BEARISH)

USDCAD: -12.72 (BEARISH)

Notable Pairs and Potential Trading Setups:

AUDJPY: A large positive difference (+194.84) suggests a strong bullish bias for AUDJPY. Traders could consider long positions, looking for buy opportunities on dips.

GBPJPY: Another significantly bullish pair (+163.94). Similar to AUDJPY, long positions could be considered.

EURAUD: A strong negative difference (-86.03) suggests a bearish bias. Traders could consider short positions, looking for sell opportunities on rallies.

Book of the Day #05/99: "The Art and Science of Technical Analysis" by Adam Grimes

This book, "The Art and Science of Technical Analysis" by Adam Grimes, published by Wiley Trading, offers a comprehensive exploration of technical analysis in financial markets. It promises to delve into market structure, price action, and trading strategies, suggesting a thorough examination of both the theoretical foundations and practical applications of technical analysis.

The title's emphasis on both the "art" and "science" of technical analysis indicates that the book likely balances quantitative, data-driven approaches with more intuitive, experience-based insights. This dual focus could make it valuable for traders and investors at various skill levels, from beginners seeking to understand the fundamentals of technical analysis to experienced practitioners looking to refine their strategies. The dark background with glowing lines hints at the complex, dynamic nature of financial markets, reinforcing the book's promise to provide tools for navigating these intricate systems.

Video: Trading Psychology Secrets: Make Smarter Decisions (Not Just in Markets).

View: https://youtu.be/ftAI_fLdwcc
 
Book of the Day #06/99: "Japanese Candlestick Charting Techniques" written by Steve Nison. "

"Japanese Candlestick Charting Techniques," written by Steve Nison, is your comprehensive guide to understanding and utilizing the ancient art of candlestick charting. Originating in Japan centuries ago, candlestick charts offer a visually intuitive and powerful method for analyzing financial markets. This book demystifies the intricate world of candlestick patterns, providing you with the knowledge to interpret their signals and make informed trading decisions.

Nison, a renowned expert in candlestick charting, takes you on a journey through the history and application of these techniques. From basic candle formations to advanced patterns and strategies, this book equips you with the tools to identify trends, reversals, and potential trading opportunities. With numerous real-world examples and clear explanations, "Japanese Candlestick Charting Techniques" empowers both novice and experienced traders to unlock the secrets of this time-tested approach to market analysis.
 
gammaparticles said:
Mimi naona ukisoma sana inakuwa una risk assess kila kitu unachokitaka kuanza na kuufanya kuishia kushindwa hata kuanza kitu chochote, ndio maana wasomi wengi wameshindwa kuwa successful businessman
Click to expand...
Je unaelewa maana ya Podcast?
 
Book of the Day #07/99:

Title: "Technical Analysis Explained" by Martin Pring
Year of Publication: 1991 (latest edition 2020)

Description: A definitive guide to understanding and applying technical analysis in the financial markets. This book covers chart patterns, indicators, and trading systems, providing a framework for interpreting market trends and making informed trading decisions. Pring emphasizes practical application, using real-world examples and clear explanations. A valuable resource for both novice and experienced traders seeking to improve their technical analysis skills and achieve consistent profitability.


View: https://www.youtube.com/watch?v=YlQay327FLs
 
gammaparticles said:
mimi naongelea generality ya wasomi mimi nikiwa mmoja wapo, na nimeona kwa majority ya friends alike
Click to expand...
gammaparticles said:
Mimi naona ukisoma sana inakuwa una risk assess kila kitu unachokitaka kuanza na kuufanya kuishia kushindwa hata kuanza kitu chochote,
Click to expand...
Sorry, Nadhani umekosea thread.

Thread hii imejikita kwenye nyanja tatu
  1. COT report - Weekly
  2. Currency strength - Daily
  3. Podcast kwa vitambu hasa vya Forex - Daily
 
Mwl.RCT said:
Podcast kwa vitambu hasa vya Forex - Daily
Click to expand...
Book of the Day #08/99:

Title: "The Art of Trading" by Bennett A. McDow
Year of Publication: 2007

"The Art of Trading" offers a practical, insightful approach to navigating financial markets. McDow emphasizes self-awareness and risk management as crucial elements of trading success. He introduces key concepts like pyramid trading points, reversal bars, and the importance of price/volume analysis. Practical exercises and real-world examples equip traders with tools to develop a disciplined mindset and build a sustainable trading plan. A valuable resource for both aspiring and experienced traders seeking long-term market success.
 
Book of the Day #09/99:

Title: "Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets" by Ashraf Laïdi
Year of Publication: 2009

Description: "Currency Trading and Intermarket Analysis" by Ashraf Laïdi explores the intricate relationships between currencies, commodities (gold, oil), and interest rates. Laïdi explains how these interconnected markets influence currency movements, providing practical applications for profitable forex trading. Featuring expert insights and real-world examples, this book offers a comprehensive guide for navigating the complexities of currency markets within a broader financial context. This analysis empowers both novice and seasoned investors to understand currency fluctuations and make informed trading decisions.


View: https://www.youtube.com/watch?v=nCGAR-mh9GQ
 
Video: Unlocking Forex Profits: Currency Strength Analysis for Powerful Trades

This video explores trading opportunities based on a snapshot of currency strengths.

View: https://www.youtube.com/watch?v=K8L2_0oNnKA​

Strongest and Weakest Currencies:
  • The analysis identifies the Australian Dollar (AUD) as the strongest currency and the Japanese Yen (JPY) as the weakest, based on their respective strength values of 73.09 and -115.07. This disparity suggests a general trend of JPY weakness and AUD strength.
Promising Trading Opportunities:
  • The analysis identifies AUDJPY as a strong bullish pair with a significant strength difference (greater than 100) of +188.16, suggesting potential long (buy) opportunities. Traders interested in this pair might look for confirming bullish candlestick patterns or breakouts.
  • GBPJPY also presents a bullish signal with a strength difference of +138.06, likewise indicating a potential buy opportunity.
  • Conversely, EURUSD shows a significant bearish signal (-38.10) due to the relative strength of the USD and weakness of the EUR, suggesting potential short (sell) opportunities.
Importance of Confirmation:
  • While the currency strength snapshot provides valuable insights, it's crucial to confirm these signals with technical and fundamental analysis before making trading decisions. Always use appropriate risk management techniques.
Disclaimer:
  • This analysis is for informational purposes only and should not be considered financial advice.
 
Gold, Silver, USD & More: Decoding Mixed Signals in the Latest COT Report​

The latest COT report reveals a wave of uncertainty washing over the markets, leaving traders questioning the direction of gold, silver, the US dollar, and more. This week, we break down the mixed signals, highlighting the diverging opinions between commercial and non-commercial traders.

Is a market reversal on the horizon, or are we simply witnessing a period of consolidation? Join us as we examine the most recent COT data, exploring the weakening bullish sentiment in gold, the unusual activity in commercial short positions for the Australian dollar, and the overall decrease in open interest across multiple markets. We'll uncover what these trends could mean for your trading strategy, and whether the bulls or the bears are poised to take control.
 
non-commercial VOT Report 01-10-2024.PNG

Analysis of Non-Commercial Trader Positioning (October 1, 2024)​

This report analyzes the net trading bias of non-commercial traders across various asset classes based on Commitment of Traders (COT) data as of October 1, 2024. This information provides insights into prevailing market sentiment but should not be considered predictive of future price movements.

I. Commodities and Indices:
  • BTCUSD: Bearish bias. Net short position, although slightly decreased from the previous report.
  • XAUUSD: Bullish bias. Substantial net long position, reinforcing gold's safe-haven appeal.
  • USOIL: Bullish bias. Net long position, indicating positive sentiment towards WTI Crude Oil.
  • UKOIL: Bearish bias. Net short position, potentially suggesting a preference for WTI over Brent.
  • US30: Bullish bias. Net long position, reflecting optimism regarding the Dow Jones Industrial Average.
  • US100: Bullish bias. Net long position, indicating positive sentiment towards the Nasdaq-100.
  • US500: Neutral bias. Near-neutral net position, suggesting a balanced outlook on the S&P 500.
  • XAGUSD: Bullish bias. Net long position, aligning with the bullish sentiment observed in XAUUSD.
  • GER40: Data not available.
II. Currency Pairs:

Based on relative strengths derived from individual currency positioning:
  • GBP: Bullish bias. The substantial net long GBP position suggests potential strength against AUD, CAD, CHF, JPY, NZD, and USD.
  • JPY: Bullish bias. Strong JPY positioning points towards potential appreciation against AUD, CAD, CHF, EUR, GBP, NZD, and USD.
  • CHF & CAD: Bearish bias. Large net short positions suggest potential weakness. Pairs likely impacted include AUDCAD, AUDCHF, CADCHF, CADJPY, EURAUD, EURCAD, EURCHF, GBPAUD, GBPCAD, NZDCAD, NZDCHF, USDCAD, and USDCHF.
  • EUR, AUD, NZD: Neutral to slightly bullish bias. Definitive bias determination requires further granular analysis.
III. Important Considerations:
  • COT data limitations: COT data represents a snapshot in time and should not be used in isolation. Integrate with other technical and fundamental analysis, along with robust risk management strategies.

Video:
00:00 - Intro: COT Report Explained
00:15 - Understanding Commercial vs. Non-Commercial Traders
01:00 - GBP Strength - What's Driving the Bullish Sentiment?
02:00 - JPY's Safe Haven Appeal - Why Traders are Bullish on the Yen
02:50 - CHF & CAD Weakness - The Impact of Global Uncertainty
03:45 - US Dollar's Uncertain Future - High Spreading Percentage
05:30 - How to Use COT Trends to Your Advantage
07:15 - Key Takeaways and Final Thoughts
 
Book of the Day #10/99:

Title: “The New Trading for a Living” by Dr. Alexander Elder

Year of Publication: 2014

Description: This comprehensive guide delves into the psychology, discipline, and tools essential for successful trading. Dr. Elder combines practical advice with in-depth analysis, covering trading systems, risk control, and trade management. With case studies and exercises, this book is a valuable resource for both novice and experienced traders. Its insights into market behavior and trader psychology make it a must-read for anyone serious about trading.

Video: Mastering Trading Psychology: Insights from "The New Trading for a Living

View: https://www.youtube.com/watch?v=06TuWUKHUBg
Timestamps:
  • 00:00 - Intro: Taming Trading Emotions
  • 00:58 - Avoiding Trading Disasters
  • 02:08 - Reading the Market Crowd
  • 04:22 - Actionable Trading Tips
  • 04:57 - Trade Score System
  • 05:32 - Keeping a Trading Journal
 
Tuesday 08 -10 - 204 #cmsm London.PNG

Code: 
//BULLISH Pairs:
AUDJPY: +21.05 (BULLISH)
AUDNZD: +30.76 (BULLISH)
CADCHF: +8.55 (BULLISH)
CADJPY: +107.72 (BULLISH)
CHFJPY: +116.27 (BULLISH)
EURAUD: +53.75 (BULLISH)
EURGBP: +27.36 (BULLISH)
EURJPY: +74.80 (BULLISH)
EURNZD: +84.51 (BULLISH)
USDCAD: +44.75 (BULLISH)
USDCHF: +36.20 (BULLISH)
USDJPY: +152.47 (BULLISH)

//BEARISH Pairs:
AUDCAD: -86.67 (BEARISH)
AUDCHF: -95.22 (BEARISH)
AUDUSD: -131.42 (BEARISH)
EURCAD: -32.92 (BEARISH)
EURCHF: -41.47 (BEARISH)
EURUSD: -77.67 (BEARISH)
GBPAUD: -26.39 (BEARISH)
GBPCAD: -60.28 (BEARISH)
GBPCHF: -68.83 (BEARISH)
GBPJPY: -47.44 (BEARISH)
GBPNZD: -57.15 (BEARISH)
GBPUSD: -105.03 (BEARISH)
NZDCAD: -117.43 (BEARISH)
NZDCHF: -125.98 (BEARISH)
NZDJPY: -9.71 (BEARISH)
NZDUSD: -162.18 (BEARISH)
Book of the Day #11/99:

Title: "LLMs and Generative AI for Healthcare" by Kerrie Holley and Manish Mathur Year of Publication: 2024

Description: Explore the transformative potential of large language models (LLMs) and generative AI in healthcare. This book delves into practical applications, ethical considerations, and the future of AI-driven healthcare solutions. It examines various use cases, highlighting the challenges and opportunities presented by this rapidly evolving technology. "LLMs and Generative AI for Healthcare" offers a timely and valuable resource for professionals seeking to understand and implement these advancements.

Video: The Future of Healthcare: How AI is Revolutionizing Patient Care

Discover how Large Language Models (LLMs) and generative AI are transforming healthcare, from diagnostics and treatment to administration and patient experience. This video explores the groundbreaking potential of AI to improve every aspect of healthcare, offering a glimpse into a future where technology empowers both patients and medical professionals.

View: https://www.youtube.com/watch?v=-mboxMxfZzg
 
Book of the Day #12/99:

"The Black Book of Forex Trading" by Paul Langer
Year of Publication: 2010

Description: Uncover the secrets of the forex market with this revealing guide. "The Black Book of Forex Trading" offers a no-nonsense approach, exposing the strategies, tactics, and psychology behind successful trading. With practical insights and real-world examples, Paul Langer demystifies the complexities of forex, empowering traders of all levels to make informed decisions and achieve their financial goals.

Video: The Black Book of Forex: Unlocking Consistent Profits (Even After Losing It All)


View: https://www.youtube.com/watch?v=dWwYBC547wk
 
FOOD4THOUGHT:

Prop Firm Challenges: Scam or Shortcut? (Trading) Are prop firm challenges a fast track to trading big capital or a trap? Discover the truth about these high-stakes evaluations, including their hidden dangers and shockingly low success rates. Learn whether they're right for you. Prop firms offer funded accounts, but their challenges are designed to filter out most traders. We analyze the rules, risk limits, profit targets, and the harsh reality of their business model. Even seasoned hedge fund managers might struggle with these unique requirements! Learn critical insights to make informed decisions about your trading career.


View: https://www.youtube.com/watch?v=nrqjkDpPMsg
 
# Video
Forex Trading Psychology 101: Master Your Emotions & Improve Your Trading

## Description
Discover why 89% of retail Forex traders lose money and how to avoid becoming one of them. Learn proven psychological techniques to master your emotions and transform your trading performance.

Ready to take your trading to the next level? Dive deep into the crucial psychological aspects of forex trading that most traders ignore. We'll explore practical strategies to combat fear, greed, and overconfidence, plus learn science-backed techniques like the 5-minute rule and 4-7-8 breathing method. Featuring real examples and data-driven insights to help you develop an unshakeable trader's mindset. Perfect for both beginners and experienced traders looking to improve their mental game. #forextrading #tradingpsychology #financialeducation


View: https://www.youtube.com/watch?v=8t6FLj8K-OU
Timestamps
0:00 - Introduction to Trading Psychology
0:54 - The 11% Success Rate Reality
1:39 - Impact of Emotions on Trading
3:17 - The 5-Minute Rule Technique
4:29 - Trading Journal Importance
9:49 - Building an Unshakeable Mindset
 
Book of the Day #13/99:

"The New Market Wizards: Conversations with America’s Top Tradersby" Jack D. Schwager : is an influential book that delves into the minds of some of the world’s most successful traders. Through a series of interviews, Schwager explores the strategies, insights, and mental frameworks these traders use to achieve success in volatile markets. Covering diverse fields like stock options, commodities, and futures trading, the book sheds light on both technical and psychological aspects of trading, making it a valuable read for investors interested in understanding high-level trading expertise.

Video: Trading Wisdom: Lessons from Market Wizards | Master Risk & Psychology.

 

Attachments

I get the buzz around the COT report for day trading. It really can feel like having a secret weapon in your back pocket. I remember when I first started using it, it was a game-changer for my trades. The insights you get from seeing how big players are positioned can help you make smarter decisions and avoid getting caught up in market noise.
As you rightly pointed out, grasping those market sentiment shifts can give you a significant advantage. And tools like the Fast Track Tarding Coupon Code can be a real money-saver as you navigate the learning curve. It’s all about finding your groove and sticking to a plan. Keep experimenting and don't be shy to share your wins or struggles; we’re all part of this enlightening journey together!
 
Book of the Day #14/99:
  • Title: "Understanding Price Action" by Bob Volman
  • Year of Publication: 2014
  • Description: "Understanding Price Action" provides a practical guide to using price action analysis in trading. This book focuses on intraday tactics using a 5-minute timeframe, particularly in the EUR/USD currency pair. The book is split into two parts: practical analysis and evaluation and management. The practical analysis section explains price action principles with examples, entry and exit techniques, and trade setups. The second part includes an analysis of six months of consecutive 5-minute sessions of the EUR/USD to demonstrate price action concepts. This book is applicable to all markets and suitable for traders of all experience levels.
Video:
*5-MINUTE Mastery: Price Action Trading Secrets
Want to master the 5-minute timeframe and unlock the secrets of profitable price action trading?
This video provides a detailed examination of Bob Volman's influential 2014 book, "Understanding Price Action," revealing the practical tactics and strategies he uses to navigate the fast-paced world of intraday trading. Learn how to read the market like a pro, identify high-probability setups, and make informed trading decisions based on pure price action, including the power of the 25 EMA.

We explore key price action principles from the book, including double pressure pops, pattern break combis, and pullback reversals. Discover how to pinpoint these setups on a 5-minute chart, manage risk effectively, and adapt to different market environments, including those pesky low-volatility periods. This video provides actionable insights from "Understanding Price Action" that you can apply to various markets and timeframes to elevate your trading game! Want to learn more?

 
Video:
COT Report: Does It REALLY Work for Short-Term Trading?

The Commitment of Traders (COT) report is often seen as a long-term analysis tool. But can it REALLY help you nail short-term trades? In this video, we challenge the conventional wisdom and reveal the surprising truth about using the COT report for faster profits. Discover if you've been missing out on a key edge!

We dissect the COT report, exploring how its data on commercial hedgers and large speculators can be applied to lower timeframes. Learn to identify potential market reversals and confirm your technical signals using the COT report, even on charts like the 15-minute or hourly. We'll debunk common myths and show you practical examples of how to integrate the COT report into your short-term trading strategy.
 
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