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Old 06-07-2008, 02:42 PM
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Join Date: May 2008
Location: Miami
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Default money flows, current account, COT numbers..

Hello David, hope your weekend is going well.... while stumbling around your site, I have learned that money flows are an important factor in the forex market.. At one point you mentioned that the current account report is how you measure this money flow...honestly I like your explanations better than the 3rd party links that are sometimes provided, (easier to understand)( I never told you, but I rode the short bus to school) . I was wondering if you could point me in the right direction on where to get this current account report, and also maybe you could speak a bit about the COT report and how they may be used to enhance my currency thinking...
Thanks for all you do..
Jerry
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Old 06-09-2008, 09:53 AM
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Hey Jerry,

Good to hear from you, I had a great weekend thanks hope you did as well.

All of the economic releases that I refer to in my videos can be found on the Global Calendar from Dailyfx.com. For the important releases you will see that the name of the release is a link. If you click that link there is a good overview of what the release is, where you can go for more info etc.

As far as the COT Report goes there is a lot of information that traders can glean from watching this report. I know you said that you don't like 3rd party explanations but below is a really good one that I think you may find useful and explained simply from Investopedia. Have a look at that and then if anything is unclear let me know and I will be glad to help:

Using COT Report To Forecast FX Movements

Once you have an understanding of the COT Report, I would also recomend checking out FXCM's SSI Indicator which is very similar to the COT report but is based on small speculators only. Unlike the COT Report which comes out with a few days lag, the SSI report comes out twice daily to FXCM account holders and once a week to anyone on Dailyfx.com. Here is the latest report:

Latest SSI Report

Hope that helps.

Best Regards,
Dave
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Old 06-09-2008, 01:35 PM
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Thanks Dave... I will check them out....Jerry
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