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Informationen zum Autor Stephen Briese is the leading expert on analyzing the Commitments of Traders data published by the Commodity Futures Trading Commission. Briese has published a newsletter, Bullish Review, since 1988 and has written articles for several industry publications and spoken at a variety of industry trading and technical analysis conferences. Klappentext Praise for The Commitments of Traders Bible"This book provides an important understanding of how the crowd operates in the markets. Steve Briese has given us a complete explanation of the metrics that are required to actually use contrary opinion methods."-Woody Dorsey, President, Market Semiotics, and author of Behavioral Trading"Steve Briese is the master of the COT and here gives us the benefit of many years of experience in using the Commitments of Traders reports in his trading. Steve guides us, with wit and humor, through how the COT is calculated, why it is valuable, and, more importantly-how to use it to uncover an edge in your trading and investing. You will profit from this book."-Charlie Wright, Chairman, Fall River Capital, LLC"I have followed Steve Briese's analysis for two decades in trading the commodities markets. His methods and conclusions from COT data are fact based and often properly contrarian. In today's world, where commodity hedge funds have become even larger players, Steve Briese's work assumes an even higher importance level for commodity market participants, individual and professional alike."-Brent R. Harris, Head of PIMCO Real Return and Commodities Desk; Chairman, PIMCO Funds Zusammenfassung Praise for The Commitments of Traders Bible"This book provides an important understanding of how the crowd operates in the markets. Steve Briese has given us a complete explanation of the metrics that are required to actually use contrary opinion methods."-Woody Dorsey, President, Market Semiotics, and author of Behavioral Trading"Steve Briese is the master of the COT and here gives us the benefit of many years of experience in using the Commitments of Traders reports in his trading. Steve guides us, with wit and humor, through how the COT is calculated, why it is valuable, and, more importantly-how to use it to uncover an edge in your trading and investing. You will profit from this book."-Charlie Wright, Chairman, Fall River Capital, LLC"I have followed Steve Briese's analysis for two decades in trading the commodities markets. His methods and conclusions from COT data are fact based and often properly contrarian. In today's world, where commodity hedge funds have become even larger players, Steve Briese's work assumes an even higher importance level for commodity market participants, individual and professional alike."-Brent R. Harris, Head of PIMCO Real Return and Commodities Desk; Chairman, PIMCO Funds Inhaltsverzeichnis List of Illustrations xiii List of Tables xix Preface xxi Acknowledgments xxv Part I COT Theory Chapter 1 The COT-Assorted History 3 The Grain Futures Administration 3 The Commodity Exchange Authority 4 The Commodity Futures Trading Commission 5 The Modern COT Data 6 COT Options and Futures Combined Report 8 COT-Supplemental Commodity Index Trader Report 9 A Fable 11 Chapter 2 COT Reports-Counting 1, 2, 3 . . . 15 The Long Form 17 The Short Form 23 COT-Supplemental Commodity Index Report 24 Chapter 3 Player Introductions 27 Sizing Them Up 27 The Reporting System 31 Commercial Hedgers 31 Large Speculators 33 Commodity Index Traders 34 Small Traders 36 Chapter 4 Fading Small Speculators and Other Half-Baked Schemes 39 TIP: Always Follow Commercials 39 TIP: Net Long Is Bullish; Net Short Bearish 40 TIP: Always Fade the Sma...
