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 Commodity Futures Trading Commission’s free weekly Commitments of Traders report. The CFTC’s COT data is a Holy Grail of market info, listing trillions of dollars in positions in 200+ markets – gold, crude oil, natural gas, silver, forex, equity indexes and lots more. My trading system, which I posted about here for seven years, gave weekly trading signals based on the COT data.
Monday, 22 August 2011
Gold, Copper to Cash
Just updated my latest signals table. Sorry for the late update! Two setups going to cash this morning on the open of trading: my gold setup, which was bearish, and my copper setup, which was bullish. See the signals table for more details on these and other markets. Good luck this week!
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4 comments:
Very nice on that gold call!
Gold Entry:
Aug 15, 2011 9:45 1738 short entry
Aug 22, 2011 20:15 1917 stopped out?
Aug 29, 2011 9:45 1793 long entry
Was there a short entry on Aug 15? and was that stopped out?
Hi HurstCycle,
Thanks for your message. My position was stopped out on Aug. 19, but I only noticed after I had written my update on that day. The position then went to cash on the open the week of Aug. 22.
Regards,
Alex
wow its very nice article. thanks for this post.
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