SGX - SGX

SGX - COT Proxy
COT Proxy has given a short signal. Aggressive traders may be tempted to enter long as price has support at 7.3 and price might launch from here. Be careful and those with lesser risk appetite, try to stay away from this counter and wait for the COT signal to turn north.

Comments

Post a Comment

Popular posts from this blog

Commitments of Traders Report (COT Proxy) - Larry Williams

For those of you not familiar with the Commitments of Traders Report, COT Proxy, you might want to check out this website Larry Williams Picture Perfect Trading for a brief introduction. I attended one of his Picture Perfect courses a few years ago and this was one of the things he touched on. The COT report is released by the US Commodity Futures Trading Commission where they show the open positions of traders for futures contracts. For stocks and other instruments there is no such COT report released so what the proxy has done is to simulate/gauge the open positions of these traders.
Read more

Petrochina - HKSE

Image
Petrochina - HKSE Petrochina have a sell signal on Aug 2, 2011. The commercials are net short since then. Missed that signal and only closed the position today at a lost. It is hard to keep track of all the holdings manually. My method is to scan the charts individually to see the signal. Anyone familiar with Ninjatrader and can program an automated stock scanner?
Read more