PA 盈利的另一种交易方式 (Another way to trade PA profitably)

I started using COT way back but did not really understand what it meant until I read Larry Williams. He's an expert in COT reports.
Anyway, combining price action with COT has been really profitable for me. These trades generally last longer, generate a lot of pips (usually I get 500+ pips) and I only look at daily, weekly and monthly charts.

Basically you want to pay attention when both the commercials and small speculators are in extreme and opposite positions. I leave out the large speculators because generally they're trend followers. We want to get into a trend right when it starts and get out when it ends. Open interest is optional but could be used to determine the strength of the trend. If the commercials are extremely short and take 70% of all positions you know a major trend reversal is coming so watch for reversal price action patterns.

Make it simpler, COTs are used for picking market tops/bottoms, price action for entry. I use a really wide stop loss, usually 200 pips or last swing low, sometimes I don't use stop loss at all if I'm really, really confident.

This is really difficult to explain in words so I'm going to put up some charts so you guys can better understand how this works. Be sure to check out James16's chart thread to learn the basics of price action before you proceed.

Finally I thank James16 for his excellent thread on PA and of course Larry Williams for his enlightenment on COTs.

Pictures will be posted soon.