C,O,T GBP/USD

OK This Is my attempt at the C.O.T reading is for information only and not trade recommendation
is a private streamed data from http://www.cot4metatrader.com/

so number may differ from C.O.T report

Net Position for Non Commercials (Smart Money)

Non-Commercials on the 13/12/2011 : -39509
Non -Commercials on the  29/12/2011: -13525

Non- Commercials have decreased there net shorts by 25984

Summary smart Money are positioning to go long £

watch this space for alert of for this C.O.T Movement

http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm

BRITISH POUND STERLING - CHICAGO MERCANTILE EXCHANGE                 Code-096742
FUTURES ONLY POSITIONS AS OF 12/27/11                         |
--------------------------------------------------------------| NONREPORTABLE
      NON-COMMERCIAL      |   COMMERCIAL    |      TOTAL      |   POSITIONS
--------------------------|-----------------|-----------------|-----------------
  LONG  | SHORT  |SPREADS |  LONG  | SHORT  |  LONG  | SHORT  |  LONG  | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF GBP 62,500)                            OPEN INTEREST:      183,119
COMMITMENTS
  25,465   54,637       51  143,533  102,195  169,049  156,883   14,070   26,236

CHANGES FROM 12/20/11 (CHANGE IN OPEN INTEREST:       -853)
  -1,068    2,165      -65       61   -1,813   -1,072      287      219   -1,140

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
    13.9     29.8      0.0     78.4     55.8     92.3     85.7      7.7     14.3

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS:       85)
      19       26        1       25       23       44       50
 

..........................................................................

FINANCIALS

CME 3-month Eurodollars combined open interest increased 4.6 percent in November. Commercial participants, who accounted for 48.9 percent of open interest, held net long positions; their long exposure was increased by 6.1 percent and their short exposure was increased by 2.8 percent. Non-commercial participants, who accounted for 44.0 percent of open interest, held net short positions. Their long exposure was increased by 2.3 percent and their short exposure was increased by 3.9 percent. Non-reportable participants, who accounted for 7.1 percent of total open interest, held net short positions; their long exposure was increased by 9.1 percent and their short exposure was increased by 21.5 percent.

CME Euro-FX combined open interest increased 18.0 percent in November. Commercial participants, who accounted for 48.5 percent of open interest, held net long positions; their long exposure was increased by 19.4 percent and their short exposure was increased by 8.4 percent. Non-commercial participants, who accounted for 35.5 percent of open interest, held net short positions. Their long exposure was increased by 28.3 percent and their short exposure was increased by 32.6 percent. Non-reportable participants, who accounted for 15.9 percent of total open interest, held net short positions; their long exposure was decreased by 4.6 percent and their short exposure was increased by 3.4 percent.

CBOT 10-year Treasury Notes combined open interest increased 1.5 percent in November. Commercial participants, who accounted for 62.4 percent of open interest, held net short positions; their long exposure was decreased by 1.3 percent and their short exposure was increased by 10.5 percent. Non-commercial participants, who accounted for 20.1 percent of open interest, held net long positions. Their long exposure was increased by 10.3 percent and their short exposure was decreased by 12.6 percent. Non-reportable participants, who accounted for 17.4 percent of total open interest, held net short positions; their long exposure was increased by 2.4 percent and their short exposure was decreased by 8.2 percent.

CME S&P 500 combined open interest fell 1.9 percent in November. Commercial participants, who accounted for 67.6 percent of open interest, held net short positions; their long exposure was increased by 0.9 percent and their short exposure was increased by 6.8 percent. Non-commercial participants, who accounted for 13.3 percent of open interest, held net long positions. Their long exposure was decreased by 22.8 percent and their short exposure was decreased by 14.2 percent. Non-reportable participants, who accounted for 19.1 percent of total open interest,held net long positions; their long exposure was increased by 8.3 percent and their short exposure was decreased by 19.8 percent.

Gbp/usd 60min  Bearish Butterfly

The Stochastics Hook up

NZDUSD 19/12/2011 2.00pm to 00.00 hrs

Ring!! Ring! Ring! Ring

Daily (Stochastics) : Yo!! Anchor (4hr Stochastics ) what’s up!! You good?

Anchor:  Yea man I’m Bless

Daily: Listen Charley boy here’s the play for the next 12 hours. I just came in to some information and got the go ahead to past through 30’s strip.

What you on!!

Anchor: Yes!!! Yes!! rude boy I’m flying high uptown in the 80s club. Was gonna ring you cause I was thinking of coming down.

Daily: Kool geezer  come meet me and we will buck up on the 30 strip or one of the  fib bars probably the 100% fib bar, I like there drinks in there cause they are pure. Oh don’t forget to call RSI and bring him along with you. You know there’s no play with out him on side.

Anchor: Nice 1 Daily I’m on my way.

So the Anchor (4hr Stochastics) Gets ready to leave the 80s club in the uptown district. And he then decides to call his home boy Hrly(Stochastics) before he leaves.

Anchor: Hrly what’s good in the game

Hrly: Yea man I’m feeling merry, I’m with 30mins and where hanging out together you know dis!! she’s my partner in crime she always meets me half way. And when were are apart every thing seems to stand still and I get a bit frustrated and confused with out her. Still its all good!!.

Anchor: Kool !! I Just got a call from the Boss (daily) and he wants us to hook up so we can discuss a few things where you at;

Hrly: I’m uptown

Anchor: So am I

Hrly: Where

Anchor: 80’s Club

Hrly: cool ! I’m just round the corner

Anchor: ok will hook up around the back @ 2.00pm at the American Open and we will head down to the 50’s street and see if we can get clearance to pass and meet daily on the 30 strip he was telling me he’s on the way up.

Hrly: is Volume Coming

Anchor: Will have to Waite and see if the the King (Price) Allows Him. .

Price is king and i heard the Aussies are less doveish than expected

Anchor: cool Geezer Noted 

NZDUSD Butterfly 2nd wing forming @0.7610 a break below

NZDUSD Butterfly 2nd wing forming down

Fundermentals

The Australian economy is the 13th largest in the world, with a GDP of $1.2 trillion. The country has a population of 22.6 million, and a labor force of 11.6 million. GDP per capita comes out to $39,700 which was good for about 10th place in the world. The economy grew 3.3% in 2010.
The economy is dominated by its services sector, which makes up about 68% of GDP. Agriculture and mining amount for another 10% of GDP, and make up around 57% of the nations exports. The country is rich in natural resources, and its mining sector has seen a once-in-a-century boom as a result of surging prices for commodities. Its mining sector not accounts for 8% of GDP, up from 4% in 1994. Manufacturing accounts for another 12% of GDP.

GDP: $1.2 trillion (13th)
Population: 22.6 million
GDP per capita: $39,700 (10th)
The economy grew 3.3% in 2010. The economy is dominated by its services sector, which makes up about 68% of GDP. Agriculture and mining amount for another 10% of GDP, and make up around 57% of the nations exports. The country is rich in natural resources, and its mining sector has seen a once-in-a-century boom as a result of surging prices for commodities. Its mining sector not accounts for 8% of GDP, up from 4% in 1994. Manufacturing accounts for another 12

growth, output

GDP (Annualized) WMI Leading Index CB Leading Index Services PMI Manufacturing PMI Trade Balance demand Retail Sales New MotorVehicles Sales Private Sector Credit NAB Business Confidence

1.2% (2Q), pr.-0.9% (1Q) 0.5% m/m (Jul), 0.1% (Jun) 0.4% m/m (Mar), 0.8% (Feb) 52.1 (Aug), 48.8 (Jul) 43.3 (Aug), 43.4 (Jul) 1.83B (Jul), 1.82 (Jun) 0.5% (Jul), -0.1% (Jun) 3.3% (Jul), 9.0% (Jun) 0.2% (Jul), -0.1% (Jun) -8 (Aug), 2 (Jul)

employment and confidence

Employment Change Unemployment Rate Wage Price Index q/q WMI Consumer Sentiment inflation RBA Interest Rate Consumer Prices q/q Producer Prices q/q TDMI Inflation Gauge m/m

-9.7K (Aug), -4.1K (Jul) 5.3% (Aug), 5.1% (Jul) 0.9% (2Q), 0.8% (1Q) 8.1% m/m (Sep), -3.5% (Aug) 4.75% 0.9% (2Q), 1.6% (1Q) 0.8% (2Q), 1.2% (1Q) -0.1% (Aug), 0.3% (Jul more: http://www.fxtimes.com/country-profiles/australia/

Timeless Trading: THE LAW OF BURNING DESIRE

Timeless Trading: THE LAW OF BURNING DESIRE: THE LAW OF BURNING DESIRE The motivation to acquire wealth must be accompanied ...

THE LAW OF BURNING DESIRE

                                                           THE LAW OF BURNING DESIRE

The motivation to acquire wealth must be accompanied by a burning for wealth creation. A burning desire protects your mind in moments of discouragement. It helps you to face the challenges and obstacles which present themselves on day to day bases. Desire links us to the proof and results we desire.

Wilfred Peterson said “Success is focusing the full power of all you are on what you have a burning desire to receive. Without such a passion, success becomes impossible".

Need is what births desire and desire is what gives you energy and the will to want to win. It is not possible to turn anything around if there is no strong burning desire. Every time we speak about wealth creation. We achieve the exact confession we make. We have a strong passion a strong burning desire to be able to see results.

Money is power and you ought to be reasonably ambitious to have it. You ought to because you can do more good with it that you could do with out it. Money printed your bible, money builds your churches, and money sends you missionaries. I say then you ought to have money and lots of it. Dishonest money Dwindles away, but he who gathers money little by little makes it grow. Proverbs 13:11

 A burning desire makes you impossible to be convinced that your vision cannot come to pass It is what keeps you fired up when everything around you seems to take on a negative indication. The proof of a burning desire is expressed in the action you carry out. A man who has a burning desire to achieve will give it all takes. He/she will work in season and out of season. In other words, your action must be consistent with your desire. Your action end up reinforcing your desire.

Robert Collier said “ The first principle of success is desire- Knowing what you want desire is the planning of your seed” Whatever you desire is easily believed and worked for. It makes pursuit possible. It gives the energy for running until there are results. One of the greatest tragedies of life is to lose your desire to achieve anything or to make something happen. Desire is definiteness of purpose. It is a quality you must possess in order to win. Desire is what births the knowledge the knowledge of what you want. Desire is what makes you reach forth until you possess it. It is very hard to get what you do not want badly. It is very hard to achieve what you have not focussed on and given a singleness of purpose to it. Napoleon hill said” the starting point of all achievement is desire” Paul J. Meyer said “Whatever you vividly imagine, ardently desire, sincerely believe and enthusiastically act upon must inevitably come pass. To achieve anything and to strength your burning desire, the wealth you want to create must first be seen in your mind.

A: See it The Lord said to Abram after Lot had parted from him. Lift up your eyes from where you are and look north and south, east and west. All the land that you see i will give to you and your offspring. Genesis 13:14-15 Desire aids your perception. It increases your capacity. Once you see it in your mind you can make it a reality.

 B. Say it By faith we understand that the universe was formed at God’s command so that what is seen was not made out of what was visible: Hebrews 11.3 God say’s ever thing he wants to do. Once you confess it commit yourself to the fulfilment. You engage your mind to make it a reality. “I tell you the truth if anyone says to this mountain togo throw yourself into the sea’ and does not doubt in his heart but believes that what he says will happen, it will be done for him. Therefore I tell you whatever you ask for in prayer, believe that you have received it and it will be yours. Mark 11:23:24. Your burning desire must be accompanied by a third action

C: sow it You must sow an action, money, talent or ability that will result in wealth creation. Give and it will be given to you. A good measure pressed down shaken all together and running over will be poured into your lap. For with the measure you use. It will be measured to you. Luke 6.38

Cast your bread upon the water for after many days you will find it again. Ecclesiastes 11.1

Lastly  Sow your seed in the morning and in the evening let not your hands be idle for you do not know which will succeed whether this or that, or whether both will do equally well. Ecclesiastes 11:6

By Matthew Ashimolowo
rewritten by Kasim Ijelu

Timeless Thoughts

Follow the Yellow Brick Road

Can we Follow where the Big Big Big Boyz are putting there money. Click on the Archive to get A C.O.T explanation Quick explanation 1.Comment of Traders is a report that allow us to see where traders have placed there orders The is broken into 3 section Commercials: who are the producers of your goods. the food you eat ,l pigs cows Wheat, corn,gold etc Non-commercial : who are the hedge fund banks and institution .i.e Tesco where you pick up you grocery's Non- re-portable: Under-cleared Now the Commercial obviously are the first 1st to know because they are the farmers and handle the physical product and know the future out come of there crops. Now they sell to the non-commercials who to bring the goods to the market and sell it to the retailers So these two power houses buy and sell from each other. What i'm trying to do is decipher when this transaction changes hands To read more http://www.investopedia.com/articles/forex/05/COTreport.asp#axzz1gmr7RpQz Extreme Positioning Extreme positioning in the currency futures market has historically also been accurate in identifying important market reversals. As indicated in Figure 3 below, abnormally large positions in futures for GBP/USD by noncommercial traders has coincided with tops in price action. (In this example, the left axis of the chart is reversed compared to Figure 2 because the GBP is the base currency.) The reason why these extreme positions are applicable is that they are points at which there are so many speculators weighted in one direction that there is no one left to buy or sell. In the cases of extreme positions illustrated by Figure 3, every one who wants to be long is already long. As a result, exhaustion ensues and prices begin reversing. Figure 3: Net noncommercial positions in GBP futures on IMM (corresponding axis is on the left-hand side) and price action of GBP/USD (corresponding axis is on the right-hand side) from May 2004 to April 2005. Each bar represents one week. Source: Daily FX. Read more: http://www.investopedia.com/articles/forex/05/COTreport.asp#ixzz1gmz6MDoy http://www.investopedia.com/articles/forex/05/COTreport.asp#axzz1gmr7RpQz