Notes
- This lesson is an introduction to understanding the Commitment of Traders (COT) Report and its application in price action analysis.
- Commitment of Traders (COT) Reports.
- Michael’s recommended books on the topic of Commitment Of Traders (COT):
- The Commitments of Traders Bible: How To Profit from Insider Market Intelligence (Stephen Briese)
- Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Larry R. Williams)
- How I Made One Million Dollars … Last Year … Trading Commodities (Larry R. Williams)
- COT Chart Interpretation:
- Lines on the Chart:
- Red Line: Commercial Speculators (e.g., banks, institutions).
- Dark Blue Line: Small Speculators (e.g., retail traders).
- Green Line: Large Speculators (e.g., large funds).
- Zero Line: Acts as a benchmark for bullish or bearish signals.
- Above the zero line: Bullish.
- Below or at the zero line: Neutral to bearish.
- Lines on the Chart:
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