Hi medici,
Thank you for sharing your view!
You are right about fx market, no question to that, OTC is a much greater market in fx. On the other hand, if you look at that Commitments of Traders report on currencies you will find that COT analysis can be used effectively. Just to give you an example, have a look at the chart of the Australian Dollar. The COT Extremes in this market are very useful signals.
Hi forexbroker4,
Thank you for sharing your view!
I think that you have not read my #12 post, in which I have more or less explained how I think COT analysis should be viewed. It is definitely not something to be used on its own, its effectiveness can be enlarged greatly be combining it with classical TA tools.
Anyone interested in the report should do a historical analysis using their existing system and testing it with the implemented COT analysis tools.
All the best,
Dunstan
Thank you for sharing your view!
You are right about fx market, no question to that, OTC is a much greater market in fx. On the other hand, if you look at that Commitments of Traders report on currencies you will find that COT analysis can be used effectively. Just to give you an example, have a look at the chart of the Australian Dollar. The COT Extremes in this market are very useful signals.
Hi forexbroker4,
Thank you for sharing your view!
I think that you have not read my #12 post, in which I have more or less explained how I think COT analysis should be viewed. It is definitely not something to be used on its own, its effectiveness can be enlarged greatly be combining it with classical TA tools.
Anyone interested in the report should do a historical analysis using their existing system and testing it with the implemented COT analysis tools.
All the best,
Dunstan