Preschool>= Lesson Status ?
Kindergarten>= Lesson Status ?
Elementary>= Lesson Status ?
Grade 1 Support and Resistance Levels
Grade 2 Japanese Candlesticks
Grade 3 Fibonacci
Grade 4 Moving Averages
Grade 5 Common Chart Indicators
Middle School>= Lesson Status ?
Grade 7 Important Chart Patterns
Grade 8 Pivot Points
Summer School>= Lesson Status ?
High School>= Lesson Status ?
Grade 9 Trading Divergences
Grade 10 Market Environment
Grade 11 Trading Breakouts and Fakeouts
Grade 12 Fundamental Analysis
Grade 13 Currency Crosses
- What is a Currency Cross Pair?
- Crosses Present More Trading Opportunities
- Cleaner Trends and Ranges
- Taking Advantage of Interest Rate Differential
- Obscure Crosses
- Planning Around News and Fundamentals
- Creating Synthetic Pairs
- Euro and Yen Crosses
- How to Use Crosses to Trade the Majors
- How Cross Currency Pairs Affect Dollar Pairs
- Summary: Currency Crosses
Grade 14 Multiple Time Frame Analysis
Undergraduate>= Lesson Status ?
- Why Keep a Trade Journal?
- Benefits of Keeping a Journal
- What Should You Record in Your Journal?
- Potential Trading Area
- Entry Trigger
- Position Sizing
- Trade Management Rules
- Trade Retrospective
- Trading Journal Statistics
- Reviewing Your Trading Journal
- Difficulties of Keeping a Trade Journal
- Summary: Keeping a Trade Journal
Graduation>= Lesson Status ?
- Which Trading Style is Best for You?
- Which Currencies Should You Trade?
- What is Your Level of Trading Experience?
- Should You Be a Discretionary, Mechanical, or Hybrid Trader?
- What Kind of Mechanical System Suits Your Personality?
- What is Your Attitude Towards Risk?
- What Kind of Stop Suits Your Trading Style?
3 Simple Steps to Access the COT Report
Open up the address below in your web browser. (http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm)
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 access the most recent COT report.
It may seem a little intimidating at first because it looks like a big giant gobbled-up block of text but with a little bit of effort, you can find exactly what you're looking for. Just press CTRL+F (or whatever the find function is of your browser) and type in the currency you want to find.
To find the British Pound Sterling, or GBP, for example, just search up "Pound Sterling" and you'll be taken directly to a section that looks something like this:
Yowza! What the heck is this?! Don't worry. We'll explain each category below.
- Commercial: These are the big businesses that use currency futures to hedge and protect themselves from too much exchange rate fluctuation.
- Non-Commercial: This is a mixture of individual traders, hedge funds, and financial institutions. For the most part, these are traders who looking to trade for speculative gains. In other words, these are traders just like you who are in it for the Benjamins!
- Long: That's the number of long contracts reported to the CFTC.
- Short: That's the number of short contracts reported to the CFTC.
- Open interest: This column represents the number of contracts out there that have not been exercised or delivered.
- Number of traders: This is the total number of traders who are required to report positions to the CFTC.
- Reportable positions: The number of options and futures positions that are required to be reported according to CFTC regulations.
- Non-reportable positions: The number of open interest positions that do not meet the reportable requirements of the CFTC like retail traders.
If you want to access all available historical data, you can view it here.
You can see a lot of things in the report but you don't have to memorize all of it.
As a budding trader, you'll only be focusing on answering the basic question:
"Wat da dilly on da market yo?!"
Translation: "What's the market feeling this week?"
While you are logged into your account,
you can save your progress in the School of Pipsology!
- What is Market Sentiment
- Commitment of Traders Report
- 3 Simple Steps to Access the COT Report
- Understanding the Three Groups
- The COT Trading Strategy
- Picking Tops and Bottoms
- Your Very Own COT Indicator
- Getting Down and Dirty with the Numbers
- Summary: Market Sentiment