Euro FX - Commitments of Traders Chart

For those who trade Forex, you will find the COT useful too! Look at the Euro FX COT charts.

Euro FX - Commitments of Traders Chart

The speculators are buying in. Let us see the COT charts being put into Metatrader (I know that most of you trading Forex is using Metatrader) for a clearer picture with the chart for EUR/USD.

EUR/USD with Euro FX COT Charts

The commercials are in green and speculators in red.

You can see that on 23 Jan 2011, there is a convergence of the commercials and speculators. The speculators started to go long and see where the price is heading until now (May 2011). I have gone long since Jan 2011 and my position is still open, unrealised pip profit is at +644.