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I have been looking at MRCI recommendations and trying to combine wi th COT data
Wondering if u have had success combining anything else? Like Elliott waves or wave theory of patterns like higher high with pullback or some technical indicator like stochas tics s on daily to time entry?
Of course less is better just seeing what u think works to filter MRci
On 4/11/18 opened a put contract for gold: -1OGN8 strike1500, +1OGN8 strike1550 for premium $2.00. On 4/21/18 I closed the contract for a net $1.00. Any one:
Gold seems to be range bound. What are some of the correlations you see between Gold and equites, bonds, dollar etc..
Teaching myself how to interpret COT report and use it in trading.
Unbelievable, as per past friday's report large spec were net long 728K contracts on top of this summer season (crude oil historically goes up), isnt even here yet. I agree, either just be long the outright contract but trading by selling calls or puts is not a good idea.
COT data is a good instrument to find out, that the next move to the right direction might be a large one. But COT data is not a good instrument for timing of this move.
I have short options position on wheat z18 futures according to the recommendation of James Cordier in his 2018 JanFeb newsletter. It is C600. Now ZWZ18 is at 570.
Should I cut now?
Thank you for your comments.