Mindblown: a blog about philosophy.
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How to Use the COT Report for Trading
Since the COT report comes out weekly, its usefulness as a market sentiment indicator would be more suitable for longer-term trades. The question you may be asking now is this: How the heck do you turn all that “big giant gobbled-up block of text” into a sentiment-based indicator that will help you grab some pips?!…
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Understanding the COT Report
In order to understand the futures market, first, you need to know the people making the shots and those who are warming up the bench. These players could be categorized into three basic groups: Commercial traders (Hedgers) Non-commercial traders (Large Speculators) Retail traders (Small Speculators) Don’t Ignore the Commercial Traders Hedgers or commercial traders are those who want to…
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How to Find the COT Report
Here’s how to find the Commitment of Traders report online. Step 1: Open up the address below in your web browser. (https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm) Step 2: Once the page has loaded, scroll down a couple of pages to the “Current Legacy Report” and click on “Short Format” under “Futures Only” on the “Chicago Mercantile Exchange” row to…
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Commitment of Traders Report
Let’s now learn about the COT Report. The Commodity Futures Trading Commission, or CFTC, publishes the Commitment of Traders report (COT) every Friday, around 2:30 pm EST. Because the COT measures the net long and short positions taken by speculative traders and commercial traders, it is a great resource to gauge how heavily these market players are…
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Market Sentiment
How’s Mr. Market feeling? Every forex trader will always have an opinion about the market. “It’s a bear market, everything is going to hell!” “Things are looking bright. I’m pretty bullish on the markets right now.” Each and every trader will have their own personal explanation as to why the market is moving a certain…
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Summary: Multiple Time Frame Analysis
So now you’re done! Now you can add multiple time frame analysis to your forex trading toolbox! Using multiple time frame analysis allows you to: Get a bird’s eye view. Here are a few tips you should remember: You have to decide what the correct time frame is for YOU. This comes from trying different time frames…
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Trading With Three Time Frames
At the School of Pipsology, we prefer using three time frames. We feel that this gives us the most flexibility, as we can decipher the long, medium, and short-term trends. Determine Main Trend The largest time frame we consider our main trend – this shows us the big picture of the pair we wanna trade. For example, on the…
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How to Use Multiple Time Frame Analysis to Find Better Entry and Exit Points
No, we aren’t about to break out into song like the Glee cast. Here at BabyPips.com, we’ve got our version of a mash-up, which we like to call the “Time Frame Mash-up”. This is where multiple time frame analysis comes into play. This is where we’ll teach you how to not only lock in on your preferred…
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Why You Should Look at Multiple Time Frames When Trading Forex
Before we explain how to do multiple time frame analysis for your forex trading, we feel that it’s necessary to point out why you should actually flip through the different time frames. After all, isn’t it hard enough to analyze just one chart as a forex trader? You’ve got a billion indicators on, you’ve gotta read…
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What Time Frame Is Best for Trading?
What time frame is best for trading? Well, just like everything in life, it all depends on YOU. Do you like to take things slowly, take your time on each trade? Maybe you’re suited for trading longer time frames. Or perhaps you like the excitement, quick, fast-paced action? Perhaps you should take a look at…
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