Hi guys, I want to show you how to check Commitment of Traders Charts (COT charts). Here in myfxbook I found very nice explanation of the charts with data back to 2007. You will see that the large speculators position is going the same direction as the price itself. Sometimes there is discrepancy between COT positions and the real price and that are the moments when you could take advantage of this valuable information. If you have any questions I will like to discuss them together.
Very useful tool for weekly and monthly trading! It gives idea about the positioning of the big players in the market and if there is discrepancy between the direction where the price is heading and the COT graphic of traders position than it is the exact moment to enter.