Hi everyone,
I decided to share with you a tool (spreadsheet) that I use, to create a weekly bias toward each currency in forex trading. This Spreadsheet helps me to analyze the Commitments of Traders Report (COT) to see what the Non-Commercial Traders (Institutional Traders) do in the market. This isn’t a 100% accurate tool. The data in these reports are from the lastest Friday’s report, which is a snapshot of the commitment of the classified trading groups as of Tuesday of that same week. You can’t trade blindly with that information, but it can give you a general idea about where the market flow is directed toward.
[Edited for a Forums Violation]
Corbeau