Ever wonder what the smart money is doing in the markets? You don’t need to pay big bucks to find out. Just read the U.S. government’s free weekly Commitments of Traders reports. This Holy Grail of market info lists trillions in positions in 150 markets. Yet, top economists and analysts have mostly failed to crack the COT code. My COTs Timer trading system, which I continue to refine, aims to catch market trends by identifying extremes of trader positioning that are about to reverse.
Thursday, 28 October, 2010
Stopped Out of Bullish Bond Trade
Got stopped out of my bullish 30-year Treasury bond position Thursday as the bond yield bounced up. I usually look for opportunities to put on a discretionary trade in the opposite direction in this kind of situation because it means the market is showing a strong trend against the historic data that could continue for a while.
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2 comments:
The timer for bonds and stocks both seem a bit off right now.
Well done on being honest and publishing your results too!
I just found your site a few months ago and I now eagerly await your weekly posting.
THANKS!
Alex
this might interest you.
britefire
http://www.tradingtheodds.com/2010/10/cot-commercial-non-commercial-and-sm
all-traders/
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