for those of you who monitor the COT data from time to time, if
you have a Tradestation account, TS makes it very easy, just like
you have your normal indicators that you can add to a chart like
MACD, RSI etc, you can add the COT data as an indicator to a
futures chart like GC or CL or whatever and it plots it for you.
This makes it easy to see the history and correlations.
Here's a chart of the June Gold contract GCM16, notice the COT
Net position indicator I plotted. The green line is the non
commercials (net difference of the longs and shorts) and the blue
line is the net difference of the longs/shorts of the commercials
(-295 which is what I showed on my gold chart last week).
You'll notice how wide they are now. Of course you'll also
notice that non commercials are always opposite of the commercials,
they get more long increasing their position as gold price goes
higher while commercials decrease their position
anyway just thought I would share that for those of you who have
a TS account, there's no need to use websites to look up that data
and plot yourself, it's right in your TS and it plots for you
If by commercials, you mean non-commercials who try to be on the
right side of trends, then yes. Commercials are right in line with
their hedging business plans, selling more forward into higher
prices and less into lower prices.
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COT data is in Tradestation for futures symbols
Posted by matt on 13th of May 2016 at 01:12 pm
for those of you who monitor the COT data from time to time, if you have a Tradestation account, TS makes it very easy, just like you have your normal indicators that you can add to a chart like MACD, RSI etc, you can add the COT data as an indicator to a futures chart like GC or CL or whatever and it plots it for you. This makes it easy to see the history and correlations.
Here's a chart of the June Gold contract GCM16, notice the COT Net position indicator I plotted. The green line is the non commercials (net difference of the longs and shorts) and the blue line is the net difference of the longs/shorts of the commercials (-295 which is what I showed on my gold chart last week).
You'll notice how wide they are now. Of course you'll also notice that non commercials are always opposite of the commercials, they get more long increasing their position as gold price goes higher while commercials decrease their position
anyway just thought I would share that for those of you who have a TS account, there's no need to use websites to look up that data and plot yourself, it's right in your TS and it plots for you
Looks like commercials have had
Posted by tad51 on 13th of May 2016 at 01:24 pm
Looks like commercials have had it right since OCt. 2015 on this chart at least.
If by commercials, you mean
Posted by a_l_ on 13th of May 2016 at 02:27 pm
If by commercials, you mean non-commercials who try to be on the right side of trends, then yes. Commercials are right in line with their hedging business plans, selling more forward into higher prices and less into lower prices.