COT

["Walter Lake" <wlake@xxxxxxxxx>]

Hi Ed and others who wrote

There is no official daily "COT" site. You have to get and work with your
own data. Much like the TA's in the '50's and '60's had to do with price
data. Now we have Excel to help us ... pivot table are always handy for this
type of analysis.

Most books on econometrics will discuss obtaining data, handling it and what
to do about missing data, etc. Traders raised on downloads or lack of
downloads are often not used to thinking about alternate sources of data.

There's are lots of differences to think about between quantity, quality and
"suitability" of data. Also quantity is not the same as quantitative, and
quality is not the same as qualitative.

Best regards

Walter


----- Original Message -----
From: "Ed Montero" <emontero@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, April 21, 2000 4:57 PM
Subject: Re: (Market) Jul Corn


| Walter, how can you collect daily COT data?  Could you mention a source
| please?
| Thanks,
| Ed Montero
| ----- Original Message -----
| From: Walter Lake <wlake@xxxxxxxxx>
| To: <metastock@xxxxxxxxxxxxx>
| Sent: Friday, April 21, 2000 2:43 PM
| Subject: Re: (Market) Jul Corn
|
|
| >
| > Hi Adam
| >
| > COT is important. It is basically volume and volume is important in any
| form
| > of Tech Analysis.
| >
| > Problems arise when traders rely on bi-weekly COT  ... COT can be
| collected
| > daily and I prefer daily volume over bi-weekly volume.
| >
| > Small guys like us are not going to move the market. The funds will.
| > Personally, I want to know what the funds are doing all the time. I want
| to
| > know what their volume is every day and hopefully some idea as to why.
| >
| > Other forms of useful analysis besides technical anlaysis include
| > fundamental, statistical, historical, and insider, etc.
| >
| > Whether or not money management and trade management will save our butts
| ...
| > contrary to accepted wisdom on the List ... I  wouldn't count on it.
| >
| > Best regards
| >
| > Walter
| >
| > ----- Original Message -----
| > From: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
| > To: <metastock@xxxxxxxxxxxxx>
| > Sent: Friday, April 21, 2000 1:22 PM
| > Subject: Re: (Market) Jul Corn
| >
| >
| > | Walter,
| > |         I think you are missing my point. I am testing the
| > |  workings of my mechanical parts, and as you mentioned
| > | "Technical Analysis alone is NOT enough" ....but using
| > |  the "Commitment Of Traders" is listed as a tool to use
| > |  in John Murphy's books ( also goes along Charles
| > |  Drummond, and many others...) You may not call this
| > |  TA, but is this not using fundamentals in a technical way?
| > |  Yes the trade I listed was price/pattern
| > | only generated, and yes it was wrong, but what system
| > | gives a 100% correct signals? You may be right about
| > | TA not being enough...but there are some who disagree.
| > | I am undecided on the issue. I do think the COT is a
| > | valuable tool and may incorporate into my decisions,
| > | but this Drummond stuff is supposed to be good enough
| > | to correct itself into the right direction quickly....that is
| > | what I am testing. If this basic system proves good enough
| > | to build on...then I can add the other decision filters
| > | to the process.
| > |
| > | You Wrote:  "You're too good of an analyst and too
| > | patient and persistent in your system development to
| > |  use a "hold your nose and jump" trading approach."
| > |
| > |  Thank you for the compliment ...and you should know
| > | I TRULY value your opinions and advice.
| > | Some of these signals generate a historically high (non optimized)
| > | rate of good entry, If this is true...shouldn't good
| > | Money Management and proper monitoring of the
| > | trades result in an over-all success?
| > |
| > |    Adam
| > |
|