Larry Williams/COT Reports

[notouch]

Quote from barrytaylor:

I check the Commercials every week. It's helpful to have a longer term gauge of the market.

I just trade Emini's and the Commercials have been very bullish ever since the break in the equity markets at the end of February - which has been right on.

I find it helpful to do some manipulation of the raw COT data, for example, to adjust for Open Interest. Measuring the direction of the Commercials versus the Index also helps to pinpoint major market turning points.

I post a weekly update (on Saturdays) of the Commercials position on my site, if anyone is interested.

They were net short throughout the second half of 2006 during the massive bull run. What makes you think them being mildly net long now is of any relevance?

 

[rcanfiel]

Quote from FullyArticulate:

I haven't read his book, but COT is as good as gold, IMHO. It's a critical part of my trading strategy and has been extremely prescient.

I've found it most useful in the ags--any industry that has true "motivated" commercials (as opposed to banks hedging or some other semi-related commercial) has a useful COT.

"COT good as gold" means it produces outperform capability. Otherwise it is just more sh**.

I get tired of people who take something that doesn't work (like most of TA) and claim "but if you combine the indicators, it is great."

Garbage combined with garbage is just a bigger pile of garbage.

If it works, post the results that show it outperforms. Otherwise, ...

 

[rosy2]

Quote from runningman:

Rosy - I like the look of that chart. Where do you get them? I've been using http://www.softwarenorth.com/trading/commitmentscurrent/

i wrote it myself. i get the data from
http://www.cftc.gov/dea/newcot/deafut.txt

if someone has a web server I could post them weekly... (ftp or similar)

 

[FullyArticulate]

Quote from rcanfiel:

If it works, post the results that show it outperforms. Otherwise, ...

Why bother? If you don't like COT, don't use it. Why I need to prove to you that it's worth your time is beyond me.

 

[rcanfiel]

Quote from FullyArticulate:

Why bother? If you don't like COT, don't use it. Why I need to prove to you that it's worth your time is beyond me.

Because of ignorant statements like:

"I haven't read his book, but COT is as good as gold, IMHO. It's a critical part of my trading strategy and has been extremely prescient."

Why bother showing it has value? Are your brain hemispheres so empty that you reply "why bother?" to whether it provides profitability???

How do you trade, using a ouiji board?

 

[FullyArticulate]

Quote from rcanfiel:

Because of ignorant statements like:
..
Why bother showing it has value? Are your brain hemispheres so empty that you reply "why bother?" to whether it provides profitability???

Oh please, can I spend my time convincing a closed-minded fool that free, publicly available information is worth looking at?

Again, if COT is so worthless to you, don't use it.

Into the ignore list with you.

 

[rcanfiel]

Quote from FullyArticulate:

closed-minded fool that free, publicly available information is worth looking at?
...
Into the ignore list with you.

"Close-minded" = someone who questions unfounded statements

"Into the ignore list" = since you don't agree with my ignorance, I see no reason for debate...

 

[trader8]

cot is critical--steve breise does a great job with it, but Williams is the master...lots of twists i had not seen before