Kathy Lien has an article in investopedia on reading the US CFTC Commitment of Traders report.... In that article she also describes a simple Swiss Frank trading strategy ........ I was wondering if those topics were covered in any deeper detail in the second addition of her book "Day Trading the Currency Market: Technical and Fundamental Strategies to Profit form Market Swings" ...... I have only "looked inside" the book on Amazon, and can't really tell if the topic is covered at all... I'm sure someone read her book, is it in there ? Would you let us know ? Thanks Good trading <*)))><
Kathy employs the "Smoke and mirrors trading method!" Buy the book used and find out for yourself. Or get Boris' pdf that has all of their strategies for free.
i don't believe COT reports are useful since the reported data is after the fact and based on Open Interest, however i'm biased towards my own techniques that don't include volume - there's none available for spot fx, i'm aware of currency futures volume and many traders include it in various forms in their trading as do ES, Bond etc traders there's a couple of brokers that provide various reports/indicators that displays how various pairs are trading against each other including B/S positions, don't have the page for FXCM/DailyFX but here's Onada's: http://fxlabs.oanda.com/cgi/fxlabs.pl Oanda's 'FX Open Position Ratios' is a 'COT report' less options updated every 20min see also: http://www.investopedia.com/articles/technical/02/110602.asp http://www.google.com/images?um=1&hl=en&complete=0&tbs=isch:1&sa=1&q=euro+fx+cot+report&start=0
After numerous attempts at using COT, there is just too much lag, Friday's data is Tuesday report c'mon. Tracking OI on daily basis a bit better.
Kathy Lien is a fraud. So are the other FX pretenders. These people make money opening accounts for newbies, selling books & "advice", publicity, etc, etc. NOT from trading!
Here's Kathy... <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/w4qnM09shsU&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/w4qnM09shsU&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>