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The Commitments of Traders Bible: How To Profit from Insider Market Intelligence
ISBN: 0470178426     Date Published: 2008-04-04     Author(s): Stephen Briese
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Hardcover
Wiley
279 Pages
 
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06/20/2013 01:31:50
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Editorial Review - Book Description:
Regardless of your trading methods, and no matter what markets you’re involved in, there is a Commitments of Traders (COT) report that you should be reviewing every week. Nobody understands this better than Stephen Briese, an industry-leading expert on COT data. And now, with The Commitments of Traders Bible, Briese reveals how to use the predictive power of COT data—and accurately interpret it—in order to analyze market movements and achieve investment success.
 
Customer Review:
Total Reviews: (9)
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25 of 26 People found the following review helpful.

Best book on Commitments of Traders analysis, April 19, 2008 ByBalint Kollath (Budapest, Hungary) - See all my reviews This review is from: The Commitments of Traders Bible: How To Profit from Insider Market Intelligence (Wiley Trading) (Hardcover) Mr. Briese has done an excellent job of summing up his vast experience with the Commitments of Traders data and presenting it clearly, without compromises. The proper application of COT signals is an edge over the market - many studies show this, including my dissertation work. But I have to warn everybody (like Mr. Briese does several times in his book) who thinks that this is the holy grail of trading. Many times the trader is faced with situations that are far from straightforward, so proper interpretation of COT data demands experience. The experience this book contains is of a man who analyzed these data from the beginnings and have personally lived through and traded the bull and bear markets of the past 35 years. Like your library (independent of your religion) contains a copy of the Holy Bible, the trading books shelf (independent of your trading style) cannot be complete without the Commitments of Traders Bible.
 
29 of 32 People found the following review helpful.

The Truth Below the Surface, May 27, 2008 ByDr "A life-long audiobook fan, I began listen... (Jackson Heights, NY, United States) - See all my reviews This review is from: The Commitments of Traders Bible: How To Profit from Insider Market Intelligence (Wiley Trading) (Hardcover) I still remember the impact Steve Briese'a ideas had on me when I first encountered them a dozen years ago. There are three groups of futures traders - hedgers (the true insiders!), big speculators (supposed to be smart but not always...), and the rest - small specs. The US government publishes reports about their relative positions. When you see a situation where the bulk of hedgers is squaring off against the bulk of small specs, you have the makings of an explosive move. In whose favor? Who do you think is likely to win - the insiders or the small fry? This analysis is further complicated by the fact that hedgers tend to be on the short side of the market (you may want to look up my latest book Sell & Sell Short). Briese discovers their true bias by comparing their current position to the historical norm. A beginner may look at the numbers, see that hedgers are 70% bearish and decide that the insiders expect a decline. In fact, if their bearish norm in this market...
 
18 of 20 People found the following review helpful.

Its alright, but I didnt see anything new about the COT here., December 3, 2008 ByMark Twain "" "Sam" (Florida, MO USA) - See all my reviews This review is from: The Commitments of Traders Bible: How To Profit from Insider Market Intelligence (Wiley Trading) (Hardcover) I'd give it a C for the effort. The book is easy to read and does have a lot of information in it. However, it only contains basic COT info. I did not find any new ideas for using the COT in a trading system. I think the Uppermen book on the COT is much better if you want to use the data in a trading system. If you are really nu to the COT report, check out Larry Williams. Mr.Williams has written several books on using the COT reports in trading systems. His newest book also provides neat ideas for creating proxy COT data which I found useful.
 
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