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[REQ] C0mmitment of Traders Indicator


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JBC0T Buy/Sell Indicator

 

 

 

 

This indicator is an amazing addition to the COT Plug-in! This indicator, designed by Jakee Berrnstein, gives you buy/sell signhttp://www.commitmentoftraders.com/new/product.jpg

als based on the COT

data.You will gain unbelievable insight into your trades and analysis.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Example 2: Silver Dec 2004Z

 

 

http://www.commitmentoftraders.com/images/Silver1-COT.png

 

 

 

http://www.commitmentoftraders.com/images/lc03z.png

 

 

Site:

www.c0mmitment0ftraders.c0m

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  • 6 months later...

COT data

 

Commitments of Traders data is required to analyze. These indicator shows, When the retail traders are taking position? The big players are just doing opposite trades whenever the retailers accumulating. That is why the technical analysis with our standard indicators fails for us.

Anybody else already subscribed for these weekly data please share your experience.

thanks.

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Exerpts from FF -rpmfxtrader

 

Why is it important?

 

Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative ? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders.

-FXCM analyst Jaime Saettele

 

Retail positioning can be used with news trading, scalping, elliot waves, and swing trading.

 

You can see in the image below how retail positions increased as price decreased. This is a common occurrence in trending markets as retail traders try to pick bottoms and larger funds pick their stops.

Click image for larger version Name: eurusdRpm.PNG Views: 66 Size: 24.3 KB ID: 447251

 

How to trade positioning information:

The strategy below was published in 'Sentiment In The FOREX Market' by Jamie Saettele.

 

1. Retail Sentiment is a contrarian indicator during trending markets.

2. The flipping of the ratio is a more accurate signal of a turn in price than extreme positioning.

3. The Retail Sentiment confirms the price action during range bound markets.

4. Retail Sentiment moves inversely to price.

5. Follow the slope of the Retail Sentiment ; a change in the slope means a change in trend.

6. The other way of looking at speculative positioning is to look at the percentage of open orders that are long.

7. Net positioning=long orders+short orders.

8. More than 50% favors weakness.

9. Less than 50% favors strength.

10. Higher net positioning means that more traders are entering the market.

11. Higher net positioning suggests more confidence in the direction of the current trend.

12. Many times a significant increase in net positioning precedes a bull market because many of the traders who entered the market are leaving their stop losses just above the current price action.

13. Lower net positioning means that more discouraged traders are leaving the market.

14. Rising prices and a big fall in net positioning is bearish because short covering is fueling the current trend. When the short covering has ended, prices will likely decline.

15. Lower net positioning suggests profit taking and hence consolidation.

16. Lower net positioning suggests higher risk aversion.

kind courtesy: FF -rpmfxtrader

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  • 1 month later...
  • 11 months later...
Anyone has this yet?

 

Please share!

 

Many thanks in advance.

 

Well, this is not exactly what you are asking for; but a few people have contributed their programming expertise and are giving away an alternative for free.

 

The COT Wizard

http://www.informedtrades.com/blogs/magic/3478-cot-wizard.html

 

COT Wizard 2.0

http://www.informedtrades.com/blogs/jpvtien/3838-cot-wizard-2-0.html

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  • 7 years later...
Well, this is not exactly what you are asking for; but a few people have contributed their programming expertise and are giving away an alternative for free.

 

The COT Wizard

http://www.informedtrades.com/blogs/magic/3478-cot-wizard.html

 

COT Wizard 2.0

http://www.informedtrades.com/blogs/jpvtien/3838-cot-wizard-2-0.html

 

 

Is there a recent updated version of this?

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