It’s no secret that the weekly Commitments of Traders (COT) report (published by the U.S. Commodity Futures Trading Commission) often yields extremely important clues as to future market direction. This knowledge of how the ‘Big Dog’ traders are positioning themselves in the futures market gives us a huge advantage when trading currencies in the cash market.
Yet sometimes it can be difficult for newer traders to know how to incorporate COT data into actual trading decisions. Some make the mistake of wanting to jump into a trade right away when they see a potentially important COT signal. Others miss opportunities altogether because they’re confused about the link that exists between these two markets. The result? Frustration and dissatisfaction.
The good news is that we at Forexmentor have developed a new trading resource that will help you better qualify COT signals and draw the linkage between COT positioning and high level price action.
Our Forex Profits with COT service is developed and hosted by Frank Paul. Those familiar with Frank’s previous offering Forex Profits with MACD know that his approach is to leave no stone unturned in the quest to provide top-quality trading resources.
Frank’s approach to the COT is unique and, in our opinion, completely unparalleled in the market. With this service you don’t just get a table of numbers and a cryptic chart or two that leaves you wondering what to make of it all.
