Okay this pattern has already been posted but in this one i will be adding the COT information. The original view is here...
ok so i have been researching the COT and have come to the conclusion that that the Non-Commercial players are hedge funds, pention funds, and other funds that trade the market to make a profit, and the Commercial Side of business ar ethe players that are trading their capital to hedge their risk from weakening currencies when they do business overseas... like farmers, big tech, and big pharm along with some banks. Currently taking into heavy consideration the Non-commercial side, becasue we see the commercial side and non commercial side being completly opposite of eachother. if we see a 2:1 long:short ratio on the non-commercial side then we see a 1:2 or more on the commercial side. as if the non-commercial side is moving the markets and the commercial side are trying to level out the movement or cancel it out... so if any OG COT traders are out there and would like to clarify this for me or tell me im looking at it wrong please do becasue i really do want to add this fundamental tool to my trading... so here we go
-------------------------------------------------USD DXY COT---------------------------------------------------------------------------------------------------------------------------------
United States Dollar Index COT Legacy Report: (pulled from tradingster.com)
Non-Commercial Commercial Total. Non-Reportable
Long Short Spreads Long Short Long Short Long Short
24,515 7,218 1,090 2,851 21,258 28,456 29,566 3,021 1,911
Changes (Change In Open Interest: +354 )
+559 -288 +26. +213 +229 +798 -33 -444 +387
( U.S. DOLLAR INDEX X $1000) Open Interest: 31,477
---------------------------------------------------POUND STERLING COT REPORT ---------------------------------------------------------------------------------------------------------
Non-Commercial Commercial Total. Non.-Reportable
Long Short Spreads Long Short Long. Short Long Short
35,810 54,799 5,398 120,800 87,501 162,008 147,698 17,726 32,036
Changes (Change In Open Interest: +13,166 )
+4,285 +9,586 -687 +8,317 +3,164 +11,915 +12,063 +1,251 +1,103
Percent of Open Interest for Each Category of Traders
19.9% 30.5% 3.0% 67.2% 48.7% 90.1% 82.2% 9.9% 17.8%
(CONTRACTS OF GBP 62,500) Open Interest: 179,734
Okay so what im seeing is that when i publish the material its not formatting my information correctly...so sorry about that. again all the COT information i pull is from tradingster.com
So we do see the Dollar gaining strength a little on the pound with 25 orders in favor of the dollar and around 55 orders against the pound thats around 80K orders favoring the dollar on the non-commercial side. with an additional 10K ordes against the pound (9k of the orders coming from additional orders shorting the pound) so this is good for the pattern as this type or movement will drive PA into our PRZ of our pattern then we get our 140k orders against the dollar.
And again im not sure if im reading this COT report right which is why im calling this a trial. the pattern is saying buy and the fundamental information is saying who is doing the buying.
Basic Math is saying there is 191,000 orders against the dollar or in favor of the pound and only 176,000 in favor of the dollar or against the pound. what we could see is PA just go up or we can see it play out like i hope. we dont know where these orders are placed, all we know is that they exist and they will either get filled or canceled.
ok so i have been researching the COT and have come to the conclusion that that the Non-Commercial players are hedge funds, pention funds, and other funds that trade the market to make a profit, and the Commercial Side of business ar ethe players that are trading their capital to hedge their risk from weakening currencies when they do business overseas... like farmers, big tech, and big pharm along with some banks. Currently taking into heavy consideration the Non-commercial side, becasue we see the commercial side and non commercial side being completly opposite of eachother. if we see a 2:1 long:short ratio on the non-commercial side then we see a 1:2 or more on the commercial side. as if the non-commercial side is moving the markets and the commercial side are trying to level out the movement or cancel it out... so if any OG COT traders are out there and would like to clarify this for me or tell me im looking at it wrong please do becasue i really do want to add this fundamental tool to my trading... so here we go
-------------------------------------------------USD DXY COT---------------------------------------------------------------------------------------------------------------------------------
United States Dollar Index COT Legacy Report: (pulled from tradingster.com)
Non-Commercial Commercial Total. Non-Reportable
Long Short Spreads Long Short Long Short Long Short
24,515 7,218 1,090 2,851 21,258 28,456 29,566 3,021 1,911
Changes (Change In Open Interest: +354 )
+559 -288 +26. +213 +229 +798 -33 -444 +387
( U.S. DOLLAR INDEX X $1000) Open Interest: 31,477
---------------------------------------------------POUND STERLING COT REPORT ---------------------------------------------------------------------------------------------------------
Non-Commercial Commercial Total. Non.-Reportable
Long Short Spreads Long Short Long. Short Long Short
35,810 54,799 5,398 120,800 87,501 162,008 147,698 17,726 32,036
Changes (Change In Open Interest: +13,166 )
+4,285 +9,586 -687 +8,317 +3,164 +11,915 +12,063 +1,251 +1,103
Percent of Open Interest for Each Category of Traders
19.9% 30.5% 3.0% 67.2% 48.7% 90.1% 82.2% 9.9% 17.8%
(CONTRACTS OF GBP 62,500) Open Interest: 179,734
Okay so what im seeing is that when i publish the material its not formatting my information correctly...so sorry about that. again all the COT information i pull is from tradingster.com
So we do see the Dollar gaining strength a little on the pound with 25 orders in favor of the dollar and around 55 orders against the pound thats around 80K orders favoring the dollar on the non-commercial side. with an additional 10K ordes against the pound (9k of the orders coming from additional orders shorting the pound) so this is good for the pattern as this type or movement will drive PA into our PRZ of our pattern then we get our 140k orders against the dollar.
And again im not sure if im reading this COT report right which is why im calling this a trial. the pattern is saying buy and the fundamental information is saying who is doing the buying.
Basic Math is saying there is 191,000 orders against the dollar or in favor of the pound and only 176,000 in favor of the dollar or against the pound. what we could see is PA just go up or we can see it play out like i hope. we dont know where these orders are placed, all we know is that they exist and they will either get filled or canceled.