COT Report Analysis:
Overall, we can still see red data for the USDJPY, but let's look at the shorts closely. You can see they are being reduced. Check the charts where I highlighted the reports and how I read them.
Hey, what up traders, another week, another COT data and Liquidity report. This is a big part of my FX Trading. I'm always trying to trade with the Big players, so knowing their positions is a good thing.
đź“ŤPlease be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again, we as retail traders have a disadvantage, but there is the possibility to read between the lines. Remember, in the report is what they want you to see; that's why prices mostly reverse on Wednesday after the report, so their cards are hidden as long as possible. However, if the trend is running, you can read it and use it to your advantage.
đź“ŤTip: If the level has confluence with the high volume on COT, it can be strong support / Resistance.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
Have a great trading week, see in the next report.
— David Perk aka Dave FX Hunter ⚔️
Overall, we can still see red data for the USDJPY, but let's look at the shorts closely. You can see they are being reduced. Check the charts where I highlighted the reports and how I read them.
Hey, what up traders, another week, another COT data and Liquidity report. This is a big part of my FX Trading. I'm always trying to trade with the Big players, so knowing their positions is a good thing.
đź“ŤPlease be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again, we as retail traders have a disadvantage, but there is the possibility to read between the lines. Remember, in the report is what they want you to see; that's why prices mostly reverse on Wednesday after the report, so their cards are hidden as long as possible. However, if the trend is running, you can read it and use it to your advantage.
đź“ŤTip: If the level has confluence with the high volume on COT, it can be strong support / Resistance.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
Have a great trading week, see in the next report.
— David Perk aka Dave FX Hunter ⚔️
Trade active
I teach a unique CLS Market approach. and provide a highly accurate signals.
🛡️ Websites: linktr.ee/davidperk
🛡️ Telegram: shorturl.at/Whyqe
🛡️ Results: bit.ly/4kNdLQ3
🛡️ Websites: linktr.ee/davidperk
🛡️ Telegram: shorturl.at/Whyqe
🛡️ Results: bit.ly/4kNdLQ3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I teach a unique CLS Market approach. and provide a highly accurate signals.
🛡️ Websites: linktr.ee/davidperk
🛡️ Telegram: shorturl.at/Whyqe
🛡️ Results: bit.ly/4kNdLQ3
🛡️ Websites: linktr.ee/davidperk
🛡️ Telegram: shorturl.at/Whyqe
🛡️ Results: bit.ly/4kNdLQ3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.