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CateFul replied Aug 24, 2007does anyone know how to change the thread title? You guys seem to be more into this COT stuff than PA so I'm thinking to add COT into the title.
Another way to trade PA profitably
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CateFul replied Aug 24, 2007For Euro, the commercials have been short since Dec 2005. If some day you see they're net long, big uptrend's coming. But for now, we only look at relatively extreme positions. Even though they're still net short, their short positions were at an ...
Another way to trade PA profitably
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CateFul replied Aug 24, 2007You're absolutely right. If you really want to take a short, take 10 or 20 pips and run. I myself wouldn't even bother to risk it. The nice thing about the COT is, you know the market is going to go up, so it does not really matter where you got in, ...
Another way to trade PA profitably
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CateFul replied Aug 24, 2007Thanks for the chart mason. However on chart I have a bullish candle on all JPY pairs. I'm not sure if the candle aggregator "aggregates" correctly. But why not just use a weekly chart?
Another way to trade PA profitably
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CateFul replied Aug 24, 2007It's explained in previous posts. I look at weekly charts for the past 3 years, day session, COT index=26 weeks (for most currencies), 52 SMA, only futures, no options.
Another way to trade PA profitably
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CateFul replied Aug 24, 2007The commercials DO NOT make money by trading, my friend. So even if they're long along the bearish trend, they do NOT lose, NOR break-even! They still profit, just not from trading. And that's why they're called the commercials. If you're still ...
Another way to trade PA profitably
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CateFul replied Aug 24, 2007true but not practical for small accounts. once you increase your position you also expose yourself to greater risk. say if you're getting 20 pips a day, you have an account of $500 and leverage is set to 50:1. so the first day you trade 1 mini lot, ...
The Magic of Compounding
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CateFul replied Aug 24, 2007For those who don't like JPY pairs, COT has given us a long on EUR/USD as well as cable. So look out for bullish PA setups. I hate cable though because its margin requirement but it does give you more pips. Your call.
Another way to trade PA profitably
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CateFul replied Aug 24, 2007No they're not. BUT, most of the well capitalized large commercials are US companies with billions lying around. Walmart, Google, Banks, etc. And COT reports only report positions in the futures market in the US, mostly traded on CBOT, which I ...
Another way to trade PA profitably
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CateFul replied Aug 24, 2007update on aug 24 COT — An update on the COT report today ========this is what I would do if I were you, I'm not giving trading advises ======== If I'm still in the UJ long trade I will want to hold on to it, or even add positions if I feel ...
Another way to trade PA profitably
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CateFul replied Aug 24, 2007Tell Upperman I'd like to kick his ass.
just kidding. maybe it's not funny. ok whatever. anyway, COTs are designed to represent 70%(or 80%, I don't remember the exact figure but it should be on the CFTC website) of the market at any time. And ...Another way to trade PA profitably
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CateFul replied Aug 24, 2007no, UJ should be going up, as it has been this week. Because JPY are shorted and will therefore depreciate against the dollar.
Another way to trade PA profitably
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CateFul replied Aug 24, 2007Thank you so much for pointing it out, I didn't even notice that.
Another way to trade PA profitably
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CateFul replied Aug 23, 2007One more thing we need to take caution is that COT does not work that well on all pairs. If a pair is in a strong trend, that is, when the 52 weekly SMA is moving in one direction, trade with the trend. So if the trend is up, trade only when the ...
Another way to trade PA profitably
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CateFul replied Aug 23, 2007It's free, just do a google search on COT charts. There're paid COT indicator and data file that you could put on MT4 charts. $25 bucks a month I think.
Another way to trade PA profitably
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CateFul replied Aug 23, 2007I'm not familiar with implied volatilities but I thought it was used in Options? I could be very wrong
No I don't use it. Would you kindly point me to a link where I can learn more about implied volatilities? Thank you.Another way to trade PA profitably
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CateFul replied Aug 23, 2007take a look at this — url this is from the wall street journal. Read the commentaries on this week's rebound momentum. I think otherwise. IMO the rebound will last longer, at least through next week. We'll see what Friday's COT will tell us. ...
Another way to trade PA profitably
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CateFul replied Aug 23, 2007power of the commercials — More to the power of the commercials. This trade could yield 400+ pips just by following the commercials, blindly.
Another way to trade PA profitably
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CateFul replied Aug 23, 2007pa entry — And now we know the direction of the trend is going to change, we look for a price action to form. A lot of you guys probably saw this pb off last week's close. If you got in long, stay steady because when the commercials are ...
Another way to trade PA profitably