The Commitments of Traders Bible: How To Profit from Insider Market Intelligence (Wiley Trading)

310 Pages·2008·10.94 MB·English

by  Stephen Briese

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The
Commitments
of
Traders Bible
How to Profit from
Insider Market Intelligence
STEPHEN BRIESE
JohnWiley&Sons,Inc.
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The
Commitments
of
Traders Bible
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Foundedin1807,JohnWiley&Sonsistheoldestindependentpublishingcompanyinthe
UnitedStates.WithofficesinNorthAmerica,Europe,Australia,andAsia,Wileyisglob-
allycommittedtodevelopingandmarketingprintandelectronicproductsandservices
forourcustomers’professionalandpersonalknowledgeandunderstanding.
The Wiley Trading series features books by traders who have survived the mar-
ket’s ever changing temperament and have prospered—some by reinventing systems,
others by getting back to basics. Whether a novice trader, professional, or somewhere
in-between,thesebookswillprovidetheadviceandstrategiesneededtoprospertoday
andwellintothefuture.
Foralistofavailabletitles,pleasevisitourWebsiteatwww.WileyFinance.com.
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The
Commitments
of
Traders Bible
How to Profit from
Insider Market Intelligence
STEPHEN BRIESE
JohnWiley&Sons,Inc.
fm JWBK143-Briese February27,2008 19:42 CharCount=0
Copyright(cid:1)C 2008byStephenBriese.Allrightsreserved.
PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey.
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ISBN978-0-470-17842-3
PrintedintheUnitedStatesofAmerica.
10 9 8 7 6 5 4 3 2 1
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To my father,
E. Elliott Briese
(1924–1991)
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Contents
List of Illustrations xiii
List of Tables xix
Preface xxi
Acknowledgments xxv
PART I COT Theory
CHAPTER 1 The COT—Assorted History 3
TheGrainFuturesAdministration 3
TheCommodityExchangeAuthority 4
TheCommodityFuturesTradingCommission 5
TheModernCOTData 6
COTOptions and Futures Combined Report 8
COT-Supplemental Commodity Index TraderReport 9
AFable 11
CHAPTER 2 COT Reports—Counting 1, 2, 3 ... 15
TheLongForm 17
TheShortForm 23
COT-Supplemental Commodity IndexReport 24
CHAPTER 3 Player Introductions 27
SizingThemUp 27
TheReportingSystem 31
CommercialHedgers 31
LargeSpeculators 33
CommodityIndexTraders 34
SmallTraders 36
vii