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ICT Forex - COT Insights for Effective Price Action Analysis

COT = Commitment of traders graph

o Barchart.com – select the select commodity option – choose any forex currency u needed -
click on the largest open interest contract – click on technical chart – change the settings as
shown in the video
o Settings – select candlesticks – volume off – price box uncheck
o Period – weekly contract – 3 years
o Study - Commitment of traders
o Study size – large

o In above image
large spec = large funds / large private traders
small spec = retail
commercial spec = they are opposite large spec = large hedgers /
o we want to be looking at this commercial spec group
o anything above the black line would be deemed bullish and anything below it or at it would
be neutral to bearish
o if big move of red then price might be bullish or bearish depends on the line above / below
the dark black line
o what i like to look for is a significant net long position to justify my long entry and or a heavy
net short position to justified my short position

ICT MARKET MAKER PREMIER COURSE ADITYA SIDDHARTHA ROY