-40%
LARGE PARTICIPANTS POSITION PROXY INDICATOR . TRADESTATION / MULTICHARTS
$ 89.23
- Description
- Size Guide
Description
Most important to say right away: this has nothing to do with silly momentum indicators that any software is filled with. Serious tool that require wise and measuredattitude
. Those who manage millions and billions have this type of tool, the rest of you guys: please open your eyes and you will see.
Ok, We are talking about one of those best kept secret in the industry assuming there is such a thing a best kept secret in the first place :)
I am only half joking here, as "secrets" exist due to
typical
trader complacency. You do want to be be one of those guys who turn a
profession
into entertainment. If you want to be paid you need to be the entertainer not the
entertained who is served with the bill at the end of the party. Anyone who traded knows what I am talking about.
This is not about divergences per ser ! Those of you who want to fade trends with indicator divergences i can only say one thing DO NOT or else ... well its only money that you will lose with absolute certainty doing so. If you enjoyed losing it then it must have been worth it, who I am to take away the fun. It will help you a lot if you
understand
strategically what you are doing.
It shows relative net position of large traders/ funds. If new to the concept please look up COT report - Large Specs.
One can subscribe to this data on major futures instruments only and for daily/weekly
time frame
only ( not easy to make sense of). For all other
time frames
and for all other instruments this is simply not available.
But The Thing is: same principle apply to all other instruments and all other
time frames
.
THESE GUYS ARE LIKE THE FUEL TO ANY SUSTAINABLE TREND. THIS IS VERY IMPORTANT FOR
STRUCTURAL
UNDERSTANDING FOR ANY TRADER. THIS IS NOT ONLY THE INDICATOR THIS IS A SECTION OF TRADERS KNOWLEDGE THAT I TEACH AS PART OF WIDER
MENTORSHIP
. THAT IS WHAT IS MOST VALUABLE HERE, UNDERSTANDING OF LOGIC AND THE TOOL TO MEASURE IT.
I WILL EXPLAIN HOW THEY NORMALLY GET IN AND OUT ON THE CHART. YOU WILL
UNDERSTAND
THE LOGIC. THIS IS NOT AS SIMPLE AS LOOKING AT INDICATOR. THIS IS ABOUT LOOKING AT THE CHART AND THE INDICATOR IN AN EDUCATED WAY
All that needs to be said at this point is that large
speculators
are trend-followers.
Pension investment fund is good example.
They do make
money
on average and cannot just jump in and out of positions due to huge size. The most
important
concept I can share with you is: TRENDS AS SUCH EXIST DUE TO LARGE SPECS PARTICIPATION. THEY PROVIDE THE FUEL THAT DRIVES SUSTAINED PRICE MOVEMENTS ONE WAY OR THE OTHER. Well, guess what, absolute majority of private traders who call themselves trend traders do not have a clue ! How can one trade
something
one does not understand and has no way of measuring?
The price is nominal really as this is the internet. I can refer to
people
in downtown
Chicago
who will explain the same thing and charge several thousand for the process. There are bonuses there that I cannot provide:
fancy
office,
nice view of the city, well groomed assistant who serves nice coffee.
Comes with know-how.
Detailed explanations on its logic applications with examples. Will keep you on the right side on the market. Will answer your questions on the topic. This is not as simple as following the lines or the colors or oversold reading ( actually I do have overbougth/oversold indicator that i developed after testing may be hundreds of them but that is separate conversation. check it out if interested). You need to interpret Large Specs
correctly
within current market context. Not hard when you know what to do. Available, very
reasonably
priced. Why drive at night with no headlight? I will tell you where the switch is.
This is my Number One and I would not put a position in place without knowing its reading for any type of trades.
I
believe
this is the best indicator there is. Generally my collection of tools is all one needs. I mean it.
I cut thru all the nonsense down to what matters at minimum cost. Took me like two decades of trial and error.
Internet and industry at large is full coloful things, that will just distracts from focusing on that matter to bottom line. I
ncorporate in your trading and that is it. I have done the
research
for you. The rest is trading.
PLEASE CLICK this link
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