COT MarketWatch report provided advance notice of the recent trend change for EUR/USD If you have at least a passing familiarity with Commitments of Traders reporting, you know that it is the extreme divergences in Commercial vs. Spec Trader Net Long/Short positions that tend to forewarn us of potentially significant trend changes. But youre probably also equally aware that COT signals are more often than not inadequate for actually timing those moves with limited risk. And that is precisely why we always need to do a proper job aligning Technical Analysis (i.e. Market Flow confirmations) on the Daily/4hr charts with any kind of signal the COT data provide. In the 15-minute complimentary video presentation we have prepared for you today, Im going to demonstrate an example of that principle, referencing bearish COT signals that played out over a 5-week period from late Sep. to late Oct., culminating in the recent bearish trend reversal weve seen on the EUR/USD pair. To view the video, simply click the following link (for which you will not be asked to provide a users name or password): forexmentor/cot/update/20131109 To make the best use possible of weekly Commitments of Traders data, you wont want to miss out on this important resource. We look forward to working with you!
Posted on: Sat, 09 Nov 2013 21:33:41 +0000
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