Yep still like Sugar....just waiting on PA to the upside now. Mr 'I know everything about chart patterns' Tony.......what a classic he was.....

MPB Journal

Weekly Watchlist Bullish Setups USD Coffee Soybean Oil Sugar Cotton JPY Bearish Setups MXN Platinum Heating Oil Soybeans AUD/JPY NZD/JPY GBP/JPY The Yen crosses are setting up for nice shorts. The GBP/JPY uptrend has been broken now imo. I am ...

MPB Journal

Weekly Position Update Soybeans [email protected] [email protected] Stop Lowered. GBP/USD [email protected] [email protected] Stop Lowered Platinum [email protected] [email protected] Stop Lowered Heating Oil [email protected] [email protected] Stop Lowered

MPB Journal

GBP/JPY - Short? I'm not calling the top yet but I like what I am seeing here. I have added MACD 'out of interest sake'.....only because I know a lot of people like this indicator as it can be helpful to add weight to a previously held conviction. ...

MPB Journal

Big night last night. Indexes, Oil, CAD, MXN all got the beatdown.....is this the resumption of the downtrend.....I hope so

MPB Journal

Sounds good

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I use GTC and this is because I make sure I check every day after the Daily close and trail orders up/down (usually) until they get filled. As a daytrader order types are probably more critical but I don't know your approach so hard to comment there. ...

MPB Journal

I use a paid service that organises the COT info, cost US$5 per month. It presents the CFTC data in an easy to understand and use fashion. url You can see free delayed data I think if you wanted to have a look. url (Ja uses) looks pretty good ...

MPB Journal

I'm no expert but that seems to be the gist of it. Re: Silver, I don't think too much about it. It's the concept that plays out and works, that's all I care about. I know the basics of Futures but at the end of the day I don't care WHY it works I ...

MPB Journal

It's actually the opposite. See chart below: Point 1 - Shows the Comms building a Net Short Position Point 2 - Shows the Large Specs/Funds/Non Commercials building a Net Long Position This typically happens simultaneously as they take the opposite ...

MPB Journal

Key point missed on the Oats example as they mentioned: Their dynamic repositioning often leads to major or interim market tops/bottoms.

MPB Journal

It doesn't work by looking at Net Positioning alone. Probably best to look at the below link for clarification (compliments of Ja) url BTW - Your bias is always in the way!!

MPB Journal

A common approach to analyse COT data is to look at the NET position in relation to a 'lookback' period thus creating an index. CFTC do not provide this obviously. I use a 78 week lookback period, its a simple formula: Index = 100 X (Current Net - ...

MPB Journal

GBP/JPY - Short Setup — COT Indexes show we are Bullish on the JPY (83) and still bearish the GBP (12) I use 80/20 as the threshold for triggers. This obviously leans towards a GBP/JPY short once the current trend ends. Technically I like a ...

MPB Journal

Stu, Comments below: 1) With Sugar the Comms Index is at 91 and Non Comms 9 = Strong signal With Sugar Index Traders are at 62 and Non Comms at 5. 62 is not that extreme but is on the bullish side of neutral however, their counterparty are at 5 so ...

MPB Journal

Weekly Update — Nice Bearish to the close Bars all around Friday, encouraging for the shorts. Soybeans [email protected] [email protected] No stop move. GBP/USD [email protected] [email protected] No stop move. Slooooooww action. Platinum [email protected] [email protected] No ...

MPB Journal

Ja, Stu & Baz, Thanks for all your comments guys. COT can be really powerful but like any other 'indicator' it needs to be interpreted properly and even ignored sometimes when things do not add up. Hope we can all pick up a few pips or ticks here ...

MPB Journal

I can hear the algo HFT's getting excited already......

Silent Service Method

Coffee & Sugar — Two of my favourite things. Make or break levels right now. Must be patient.

MPB Journal

I have nothing against being only on the buy side, its just that I will take both sides should my fundamental analysis set-up accordingly. I personally cannot take a permanent one direction bias on any market. It's pretty obvious that since 2000 ...

MPB Journal