|
PureBytes Links
Trading Reference Links
|
Keith: COT data is released in raw form at two week intervals from the
CFTC. They report COT positions on a weekly basis, though - it's just
released every two weeks. Steve Briese purchased Curtis Arnold's COT
research, and the COT index concept was developed by Curtis Arnold.
Steve Briese's COT Index is calculated using a look-back period in a
manner similar to Williams %R. The proprietary nature of Briese's index
is the look-back period he uses, which I believe varies with the market.
I would be interested in hearing about a company that produces daily COT
data if you find them.
Paul Cote: Yes, you can buy COT data from Pinnacle Data, and their
software allows you to calculate a COT Index based on a look-back period
that you define. However, this leads back to the issue of what is the
correct look-back period to use? Steve Briese has had a "feud" of sorts
with Pinnacle Data regarding their claim that they are using his COT
Index, since the look-back periods he uses are proprietary. Briese used
to sell COT Index data, but I think he finally got tired of fighting
with Pinnacle Data and decided to give it away for free. There's also
the issue of data accuracy - the older COT data available in electronic
form from the CFTC is unaudited and the CFTC states that this data is
inaccurate. Briese claims to have cleaned-up the older data using the
actual reports released by the CFTC. I get my EOD data from Pinnacle
Data and I'm quite satisfied with its accuracy, but I wonder about the
quality of their COT data. Regarding the location of the COT data:
After getting to the Bullish Review site (www.bullishreview.com) click
on "Free Data" and you'll get to the "Products List" area - click on
"Order Form" within the "Commitments of Traders Data FREE" section and
you'll be sent to a form to complete. I'm not sure what happens next -
I'm a Bullish Review subscriber, so I haven't had to register for the
free data.
A question for all of you RTers: What value, if any, does COT
information have in your trading decisions? Commercials' positions
would seem to be an efficient (although indirect) way of incorporating
fundamentals into your trading, but I personally have had mixed results
using COT signals - it seems they often get me into a trade too soon.
At the Futures Magazine forum, the Phantom has even suggested that
fading commercial COT signals is a better strategy. I'd appreciate
hearing from traders who are successfully using COT data.
Brad
>Date: Tue, 27 Jan 1998 17:16:07 EST
>Reply-To: GPTClub@xxxxxxx
>From: GPTClub <GPTClub@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Subject: COT Index
>
> Agreed that the information on the 3 speculator groups is
>important -- but at 2 week intervals ?? I suppose for intermediate
>to long term trading it has some meaning, but would be real nice
>to know what these guys are doing day to day.
>
> I'm going to try and track down a company in Chicago that had
>planned to make this data available around 8PM Eastern for each
>trading day.
>
> Anyone else out there aware of this DAILY COT data ?
>
> Keith
>
>
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
|