Dimensions
189 x 260 x 23mm
The foremost analyst of Commitments of Traders data, Steve Briese describes in his new book exactly how he uses the data to analyze market movements and identify turning points in the futures market. Under the rules of the Commodity Futures Trading Commission, large positions must be reported by different categories of traders. Typically, the CoT data represents 70-90 percent of market activity in any particular futures markets. By carefully analyzing the positions of large traders, Briese shows readers how to understand exactly who is buying, who is selling, and who is standing on the sidelines. Armed with this knowledge, a trader or analyst can much more easily identify when market sentiment is changing and - in so doing - spot big profit opportunities. The book describes exactly how CoT works and how it has been traditionally used and misused. Briese discusses the predictive power of CoT data - both from his own experience and in light of studies done by academics. Most importantly, Briese provides readers with his own hard-won insights about CoT patterns in different markets and how each market typically has its own idiosyncrasies. He includes a large appendix that will allow traders to compare contemporary CoT charts with historic CoT charts and thereby gain a sense of where the market might be headed.
