Large Speculator Patterns (COT)

From Commitment of Traders Bible: Commodity and hedge funds are notorious momentum traders, a reputation borne out by the COT data. The natural consequence of this strategy, and the weakness in the funds’ approach is that they typically are caught holding their largest position—in the wrong direction—at market turns. For example when funds buy on…

38 steps to becoming a trader

Posting here because twitter sometimes reduces images rendering small text unreadable. This seems like a decent list. I am not sure exactly where I found it. I think I saved it a few months ago after a UK prop shop trader posted it on twitter.

Trading in the zone quotes.

The winners have attained a mind-set—a unique set of attitudes—that allows them to remain disciplined, focused, and, above all, confident in spite of the adverse conditions. As a result, they are no longer susceptible to the common fears and trading errors that plague everyone else. If there is such a thing as a secret to…

Whales attacking Seal, Frozen Planet

I love watching the BBC nature documentaries such as Human Planet , Frozen Planet, Earth, and Wild Arabia. Mark was saying that trading it is like trying to steal a lions dinner. I want to share a clip of whales hunting a seal. It seemed strange to me that such formidable killers would need to…

$ES $FDAX Long Term Charts Feb 1st 2014

$ES_F Repeat failure to hold above key HVN 1781 at EoD. Looking for range between November vol 1752 and 1781.5. pic.twitter.com/hCZAswHjEr ES 50-back is 1740, breakout area at 1720, HVN 1689 Weekly Chart – candle shows indecision but increased downside volume shows intent was real. Commitment Of Traders shows a shift in Commercial Long vs…