New Post has been published on TRADE MASTER TEAM
New Post has been published on https://trademasterteam.com/forex-trading/commitment-of-traders-analysis-in-forex-trading/24746
Commitment of Traders Analysis in Forex Trading
hi guys it's Thomas here from co2 bass calm welcome to our newest video where we're gonna be talking about co2 analysis in forex trading it's gonna be a short one it's really just focusing our attention on on how Co T signals can be useful if you're trading Forex before I get started anybody who's new to the commitments just commitments of traders report co2 analysis I advise you to watch the following videos what is commitments of traders analysis and how to use co2 based calm okay so for those of you who already know or have been using our site you're gonna see that we have we have made some changes to the market names over here you can see that for instance beside Australian dollar we have Australian dollar US dollar the Forex pair so just just for you if you're training for it so it's a bit easier to understand what we're talking about we've also added the New Zealand dollar that's a new market that you could access at the co2 based com so let's open Australian dollar first and I want to show you what else we've changed you can choose which price chart you want to look at so by default we have the Australian dollars futures contract it looks looks this looks like that and if we change to the Australian dollar US dollar you're gonna see that it's basically the same chart so it doesn't change that much and and it's important to understand this because although we get the co2 data on the futures contract you can use it on Forex charts also and of course if we look at the inverse of this chart the US dollar US Australian dollar you can see that the the co-teach charts also change to their inverse picture okay so let's get started and I'm just going to show you a few signals the major signals that we usually analyze co-teach changes in this case the largest change that happened in this 52 weeks range over here you can see that was a buy signal on this chart and prices increased from there another signal over here this time a cell signal just preceding this decline another one over here moving on to the British crown British Pound let's have a look at that market and we're going to change to the five years chart to see Co T extremes and how Co T extremes can be applied on the British Pound u.s. dollar pair here we go my cursor we can see we have a nice buy signal Co T extreme close to all-time levels not far not for afterwards we can see a very nice sell signal then we go back and we find another buy signal very close to any relative extrema nother cell similar we eventually reach this significant buy signal at all-time extreme levels when prices start to incline but I can only just show I cannot show you these signals on the Canadian dollar so let's open the fabric art the Canadian dollar US dollar pair you're going to see how well these extremes can be used over there so we add this close to ultimate actually this this wasn't all time a co t extreme back here that that signaled a top in prices just before that we had a nice buy signal over here commercialism very close to the zero line small speculators also at the zero line then then we have a very nice sell signals and of course you can continue and continue and continue and you're going to find that these correlations do exist between the co T data and and changes in price so actually that's going to be all because it's really this video was trying to focus on on currencies and that anybody who's being the trading Forex and didn't really understand how Co T masses can help them should by now understand that even though we have these the co T data on futures contracts since these are measured in in dollar terms you can be you can apply them on the Forex pairs also so I hope you I hope you could understand what I was trying to tell you if you have any questions then do not hesitate to send us an email and I'll try to answer you as soon as possible okay so take care bye bye