Saturday March 11, 2017 - 13:40:01 GMT
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Amazing Trader And Commitment Of Traders EURUSD Ideas for 11 March 2017 Register for the Amazing Trader
Amazing Trader EURUSD charts are regularly updated on your systems
We continue to say that short-term trading is all about stops. The Commitment of Traders Report (COT) is an imperfect, but useful, "sampling" of market positioning. I would like more frequent and precise readings, but we can live with the general data for the purpose of getting an idea if traders are positioned long or short and if they in big or small.
For the last month or so, net EURUSD positions have been close to their bare minimum levels. That could be the product of the relatively narrowranges recntly. Traders had been forced to back away from position-trading because they keep get getting chopped up by the frequent stop hunts by the algos. With the Fed now in the early stages of "nomalizing" its monetary and the ECB not far behind, broad trends in forex markets arte likely to start to develop once again and provide new trading opportunities.
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