How to track the "smart money"?

Discussion in 'Trading' started by farmerjohn1324, Aug 29, 2022.

  1. Darc

    Darc

    Thanks. Not helpful I assume?
     
    #241     Sep 21, 2022
    zghorner likes this.
  2. zghorner

    zghorner

    There may be edge but I doubt in the way presented within the pages. Like all of these things...charts are cherry picked to support the author's argument. I'm sure if you were to look hard enough and test enough variables and combinations with the COT data you could find something that would add confidence to your trades. While reading I was trading more long term using daily charts and I think this topic goes well with that duration. I have since abandoned this approach for a number of reasons: 1. i find it easier to predict short term price direction, and 2. My account size is so small I couldnt stand the loose stops required to trade these choppy ass markets.

    Now i focus on developing my skills in price action and basic market structure to a point that the COT data is irrelevant.
     
    #242     Sep 21, 2022
    Darc likes this.
  3. Has it improved your trading? I'm over half way through.
     
    #243     Sep 21, 2022
  4. zghorner

    zghorner

    No.

    As I said in the above post, I have abandoned the trading style that I felt might benefit from COT data. I have no use for it currently. That doesn't mean that you wont benefit though...we all must find our own sources of confidence to trade upon.
     
    #244     Sep 21, 2022
    Darc likes this.
  5. What's your trading style like now? I currently do S&P Futures only.
     
    #245     Sep 21, 2022
  6. zghorner

    zghorner

    #246     Sep 21, 2022
    Darc and farmerjohn1324 like this.