COT Strategy - SHORT JAPANESE YEN
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Japanese Yen (6J)
My COT strategy has me on alert for new short trades in 6J if we get additional bearish entry triggers (this week a divergence entry triggered short).
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Gold & Treasuries
Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Small Specs most long they have been in 3 years = bearish.
OI Analysis: OI has been increasing on up move. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish.
True Seasonal: Strong seasonal tendency to go down to October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: %R
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
COT Strategy
SHORT
Japanese Yen (6J)
My COT strategy has me on alert for new short trades in 6J if we get additional bearish entry triggers (this week a divergence entry triggered short).
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Gold & Treasuries
Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Small Specs most long they have been in 3 years = bearish.
OI Analysis: OI has been increasing on up move. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish.
True Seasonal: Strong seasonal tendency to go down to October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: %R
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
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