I still remember when i first knew about the Edgefinder in 2022 (it costs $600 back then) when it gave a strong buy reading on USD/JPY early in the rally. That pair went to the moon 📈💵💱💴 I just started to learn trading back then.
I hope on december 2023, you still give some of us a chance to avail the 55%off Gold membership. I'm from Philippines aspiring trader. So dollars are a bit high for us in here. but definitely will join on december, just need to save more. Hope you again give us the 55%off on december nick. You and your team are the best.
i like this howevever... i know you say that you dont use commercial readings because they use it as a hedge... but i believe the commercial reading is equally as important ( or probably even more important ) and should be part of the scanner as well... I would actually argue that the commercial reading is the most important reading because they are the real players in the market... and when they are buying a lot of product, theyre buying it for a reason because prices are low. If they are buying in extreme they are accumulating because prices are low and then they are then selling the product when prices raise... so what im trying to say is that if there was a commercials reading we could see "ok, commercials are buying in extreme... that means that the market is going to eventually turn to the upside" and its very highly likely that it will. then we can predict a market turn in advance... I hope that you guys consider this moving forward because I think the reading is extremely important. Hopefully this read well and made sense... Please let me know your thoughts
Also, i don't know the software and obviously its advanced and took a long time to make, but I am just like... the commercials data is right beside the non commercials... wouldn't it be relatively simple to use the same software to scan the commercials as you do the non commercials and put it on the edgefinder as well... why leave something out even if you believe it doesn't matter that much in short term trading. Of course... I have no idea if thats difficult to do and implement no disrespect to the engineers lol... I just would like to see you have a better product and utilize all the given COT data
one more thing as im watching the video that kind of piggy backs the last point i made "we ignore the commercial positions because they are not speculating on future prices ..." even though they are not speculators their positions offer a lot of valuable data because their positions show that they are accumulating at mass or they are distributing at mass... and when commercials accumulate or distribute in extreme that gives speculators an edge because we see that they are buying a shit ton for a reason because its a great price... and when they are in extreme accumulation we can definitely mark a future turn in the market... so in a way its a paradoxical statement... yes they dont speculate future prices but their positions help speculators nail down future price turns. lol ok this is alot to read.... hopefully you consider all of this.
Commercials primarily use the futures market to hedge business exposure. They don't time their long/short positions, they simply use it to offset their exposure. There is no tactical timing here, as opposed to the non commercials that speculate on future market pricing, and have vested interest in forecasting market direction. Looking too far into the commercial positioning is fruitless, as you're looking for prediction where there is none.
@@TraderNick i strongly disagree that its fruitless, but i do agree that commercials aren't using market timing... but they are what the non commercials are speculating about... non commercials are speculating future price turns that are brought about by commercials accumulation or distribution. So non commercials are using market timing but theyre basing their technicals on commercial extreme buying or selling of product. So commercials are the most important catalyst for future price movement because theyre the only real users.. the rest of us are basing our predictions off of commercials. So to say that commercials hold no value on the prediction of price is like a net zero outcome because they are the very reason price is even moving or being speculated on... if we dont use commercials for our speculation i think we are missing out a lot... a loooootttttt i can not express that enough.... we should be looking to commercials as the fundamental reason why there is future price movement ... but once again maybe im out of my element... i really think if you want to at all its up to you of course... but i really think you should re consider your position.
Some people complaining here about this tool being a paid service. Its clear that what you're paying for is convenience and clarity of understanding the data. Saving you time.Its obvious that the data is out there and free. I mean people buy stuff on Amazon with their amazon prime subscriptions because its convenient. Its the same principle. The fact that nick takes the time fod you idiots baffles me. I dont pay for this tool, but if i could, i would.
Would you pls help me in understanding this? Why he buy GBP not sold it or sold JPY not buy it? I really couldn't understand the pairs relation which should buy or sell?
Great video. Well explained but a question arises : you used the s&p 500 consolidated data instead of the e-mini s&p 500, is there a reason as to why ?
The data is free. Our visualization tool is not. Traders purchase our product because it makes it a lot easier to read, and we’ve worked hard to make it that way!
A lot easier said than done. Data isn’t magically curated! A lot of time, energy, and money has been invested by our staff to build this tool, and many users understand the immense effort and are happy to pay to support. Not everything is free.
Access now: a1trading.com/edgefinder/
- 🎁 Discount code: YTVIP
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Thank you for the simplified explanation Nick. Really appreciate it.
I still remember when i first knew about the Edgefinder in 2022 (it costs $600 back then) when it gave a strong buy reading on USD/JPY early in the rally. That pair went to the moon 📈💵💱💴
I just started to learn trading back then.
I remember those days a well. 2022 was wild!
So glad I found out about this report. Never heard about it before
I hope on december 2023, you still give some of us a chance to avail the 55%off Gold membership. I'm from Philippines aspiring trader. So dollars are a bit high for us in here. but definitely will join on december, just need to save more. Hope you again give us the 55%off on december nick. You and your team are the best.
Definitely if this happens I will get the Gold
Alot of free information out there. Just gotta do your own work/research and backtest! Backtest! Backtest!
I’m from Philippines too kabayan. Alam mo bah me forex online school sa Pinas lifetime membership. Everyday too Im following NickTraders advice👍🏼.
i like this howevever... i know you say that you dont use commercial readings because they use it as a hedge... but i believe the commercial reading is equally as important ( or probably even more important ) and should be part of the scanner as well... I would actually argue that the commercial reading is the most important reading because they are the real players in the market... and when they are buying a lot of product, theyre buying it for a reason because prices are low. If they are buying in extreme they are accumulating because prices are low and then they are then selling the product when prices raise... so what im trying to say is that if there was a commercials reading we could see "ok, commercials are buying in extreme... that means that the market is going to eventually turn to the upside" and its very highly likely that it will. then we can predict a market turn in advance... I hope that you guys consider this moving forward because I think the reading is extremely important. Hopefully this read well and made sense... Please let me know your thoughts
Also, i don't know the software and obviously its advanced and took a long time to make, but I am just like... the commercials data is right beside the non commercials... wouldn't it be relatively simple to use the same software to scan the commercials as you do the non commercials and put it on the edgefinder as well... why leave something out even if you believe it doesn't matter that much in short term trading. Of course... I have no idea if thats difficult to do and implement no disrespect to the engineers lol... I just would like to see you have a better product and utilize all the given COT data
one more thing as im watching the video that kind of piggy backs the last point i made "we ignore the commercial positions because they are not speculating on future prices ..." even though they are not speculators their positions offer a lot of valuable data because their positions show that they are accumulating at mass or they are distributing at mass... and when commercials accumulate or distribute in extreme that gives speculators an edge because we see that they are buying a shit ton for a reason because its a great price... and when they are in extreme accumulation we can definitely mark a future turn in the market... so in a way its a paradoxical statement... yes they dont speculate future prices but their positions help speculators nail down future price turns. lol ok this is alot to read.... hopefully you consider all of this.
Commercials primarily use the futures market to hedge business exposure. They don't time their long/short positions, they simply use it to offset their exposure. There is no tactical timing here, as opposed to the non commercials that speculate on future market pricing, and have vested interest in forecasting market direction. Looking too far into the commercial positioning is fruitless, as you're looking for prediction where there is none.
@@TraderNick i strongly disagree that its fruitless, but i do agree that commercials aren't using market timing... but they are what the non commercials are speculating about... non commercials are speculating future price turns that are brought about by commercials accumulation or distribution. So non commercials are using market timing but theyre basing their technicals on commercial extreme buying or selling of product. So commercials are the most important catalyst for future price movement because theyre the only real users.. the rest of us are basing our predictions off of commercials. So to say that commercials hold no value on the prediction of price is like a net zero outcome because they are the very reason price is even moving or being speculated on... if we dont use commercials for our speculation i think we are missing out a lot... a loooootttttt i can not express that enough.... we should be looking to commercials as the fundamental reason why there is future price movement ... but once again maybe im out of my element... i really think if you want to at all its up to you of course... but i really think you should re consider your position.
also i appreciate the response i can imagine that youre very busy
A video on nfp, unemployment claims? Plsss
What about the data in "Current Traders in Financial Futures Reports" all the currencies are here, so why are you using "Current Legacy Reports:"
Thank you very much trader nick
Some people complaining here about this tool being a paid service. Its clear that what you're paying for is convenience and clarity of understanding the data. Saving you time.Its obvious that the data is out there and free. I mean people buy stuff on Amazon with their amazon prime subscriptions because its convenient. Its the same principle. The fact that nick takes the time fod you idiots baffles me. I dont pay for this tool, but if i could, i would.
AWESOME AS USUAL👌
Happy weekend
gREAT SOFTWARE BUT I THINK IS OUT OF MY REACH FOR THE MOMENT
Interesting demo. Does this software include commodities as well as currency pairs? I trade mostly energy and grains. Thanks.
Would you pls help me in understanding this? Why he buy GBP not sold it or sold JPY not buy it? I really couldn't understand the pairs relation which should buy or sell?
Great video. Well explained but a question arises : you used the s&p 500 consolidated data instead of the e-mini s&p 500, is there a reason as to why ?
is there a single trading video out there that is not an add..
Best nick
i think citadel don't hold trade for the next day, or i might be wrong
Hi Nick, how do I get access to Cot report software? what is the cost.?
Hey! If you’d like to speak with a team member about pricing options and how to get access, message us here: a1trading.com/contact/
I may give you link but if it work or open but pls help to understand this why he buy GBP not sell or sell gpy not buy?
You want to sell COT that is free and available to anyone?
The data is free. Our visualization tool is not. Traders purchase our product because it makes it a lot easier to read, and we’ve worked hard to make it that way!
@@TraderNick Barchart visualization is just fine and is FREE.
NFP soon.
they packaged a free report then charged for it 😮💨😮💨😮💨how more pathetic
A lot easier said than done. Data isn’t magically curated! A lot of time, energy, and money has been invested by our staff to build this tool, and many users understand the immense effort and are happy to pay to support. Not everything is free.
Everybody trying to get a penny out of retail traders lol from brokers to retailers who prey on new traders
Defender of new traders ;If you’re broke you’re broke, the tool is good and has other valuable features
That's s big ad
Hi
hedge funds have been suffering from short squeez
Don't you get enough money from RUclips??