Weekly Forex Strategy Session: Change In Large Hedge Fund Positioning and Currency Trading Trends

We start the session with a detailed review of the Commitment of Traders Report. We focus on the large institutional positions that are reported to the CFTC as "non-hedging" which means they placed billions of dollars into the forex market for the purpose of making a profit. We review this report weekly and look for a change in trends for these currencies. The data may help use understand if our technical changes are just pull backs or indeed new trends. For example, if price is rising, short positions are falling but long positions are flat, then I will assume that the we are seeing a techncial pull back in the currencies markets based on profit taking and not a technical reversal in forex. Why does that matter? Well in that case, the Commitment of Traders data will give me the courage to short at the next major level of resistance. We also review the majar forex news events this weeks. There are some fantastic risk events, such a UK GDP, Chinese PMI, FOMC Interest rate decision. There is also some great CAD and NZD trading opporunities. Lastly, we also had a great conversation about inter/intra forex market correlation to setup currency trading portfolios and entering into each individual trade based on relative strength. It is all formed by a technical bias used by comparing several currency charts at the same time. For example, look at AUD/JPY, CAD/JPY, GBP/JPY, EUR/JPY, and USD/JPY. If they are all going up, look to sell the JPY for that day. However, if some are up, some are down and some are sideways... then do not trade the JPY today. Then start to compare all the USD forex pairs and see if there is better correlation there and setup trades for them... strongest first and work you're way from there. May the pips be with you! - Wayne McDonell Chief FX Market Strategist TradersWay.com TradersWay Is A Global Trading ECN Offering: Currencies | Energies | Metals | Indices | Binaries Join our live trading strategy sessions here: https://po.tradersway.com/webinar?ib=1049995 Live Forex Strategy Sessions Monday - Friday 7:30am ET (London Lunch) RISK WARNING Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Seek education and gain experience before risking real money, but please always remember, your past performance does not guarantee future results

Comments

1. Binary Options is very interesting in my own opinion and I know most traders would agree to that. I try many system to earn money online. But i had huge loss. Then i used ANDY LANK SYSTEM i had no loss and i got huge profit.
2. Every time I hear your voice it makes me feel full of life!
3. Great webinar! Excellent tuition. Thanks Wayne
4. Thank you Wayne! 
   Appreciate you sharing your knowledge.
5. excellent lesson to listen to many times and learn about fast way to find strong versus weak and correlation about commodity currency
6. Great class....a great teaching on currency pairings.   Mainly the USD and the JPY.  I will adjust my charts like you have..Keep it going we enjoy your insight.
7. Another fantastic session Wayne. Great explanation on the correlation of currencies. It still amazes me how much I am still learning from each session I watch. Keep up the good work, thanks
8. I like churros with chocolate too! :)
9. You are doing a great job. It would be so kind of you if you also add gold to COT review.
10. Great stuff Wayne...always learning. Cheers
11. Good views mate, like your psychological approach! u the man, like your style cat!
12. Recorded Live  2015 4 27 : https://po.tradersway.com/webinar?ib=1049995
13. well Friday I did get a tails to sell USD... but this morning back to heads for long at support.