PALLADIUM , LONG , COT Strat research , idea 2I am working at at the very begginings of a strat where I would like to use COT data and price action to take futures/forex trades , right now this is idea 2.
The logic is we have non commercials , reportables and non reportables , both short , reportables being extremely short vs average deviation ( just looking at it visually at this point )
So , not a long yet but , this would probably be something to focus on after the chart ok's the entry , my goal here is to observe and assess , right now this looks like exactly the prerequisites that I want to have
A contrarian perspective and for the price to confirm with a change of structure when most people are short , I imagine the ideal trades will be non-commercials net positioning opposite of what we are doing and notably in excess of average deviation norms.
This is to start the very initial research of what could become a strategy, I want to find 8 more ideas like this , I have learned that strategy development takes lots of time , so I expect the initial research to take between 6 months and 1 year before anything live happens .. and then if it does work out I will start small . Perhaps using etf's vs futures contracts to do so with applicable stuff is one idea ....
