🚨🏦 March 13 CFTC REPORT 🏦🚨
How’s it going traders!? Some very tricky price action these last few weeks and I believe that is what it is supposed to be, tricky! The institutions have shown their hand though and we need to stay patient and fight off the need to feel like maybe the bigger trends are about to take off without us. I am even starting to believe that it may be possible that the institutions are putting on positions to fool those who are looking at the CFTC website and examining the CoT data. For instance, we have longs increasing on the $eurusd but if you examine the charts and look at the daily for instance, you’ll see that the increase in longs only pushed price upwards into a bearish engulf, only for price to drop hard right through an institutional demand zone, which tells me that the institutions were more focused on removing demand and in the process creating new areas of supply. It is not easy to spot these tricky scenarios but essential if you want to keep your emotions in check and your trading results consistently profitable. I continue to hold my theme short positions through this profit taking phase and will be expecting the theme to continue into next week.
If you want to understand the CFTC COT data and how I put the data together, you can view it here => https://youtu.be/mjaWvU6tzrM
For a better understanding of what the colour coding system means and how it works, watch this video => https://youtu.be/GZhuWukPvYU
Volatility Alert: On Wednesday we have FOMC (rate release for the USD) and on Thursday the GBP rate release.
Well, today I was introduced to a cool open website called rawgraphs.io. This site allows you to make some fantastically crazy #cool chart types simply by pasting your data (from Excel). You can customize colors and a few things within the site, then export your chart as PNG, and paste into #PowerPoint for editing, adding text labels, titles, etc. I made this to represent responses for a rating we use (and LOVE) the #OverallExperienceRating . It’s a measure of experience quality, we use to measure visitor satisfaction across a wide range of exhibits, experiences, and programs. Researchers at Smithsonian museums have been using this measure for over a decade, but as I’ve searched around, not many others have adopted it. Many people have used the #netpromoterscore to measure visitor satisfaction, but we think #OER is more useful. This #Sankey diagram shows you why. Almost all of those who rated their OER superior (the top creme de la creme rating) were so called Promoters (gave a 9 or 10) on the NPS rating... but only one-third of Promoters gave an OER of Superior. If we care about those visitors who’s expectations were truly exceeded (and understanding what made their experience so great), we might favor OER as a measure of visit experience. Don’t know what NPS is? Try a google search 😁😘. Not sure what OER is either? You’ll be able to see the first peer reviewed article about it in April’s issue of Curator: The Museum Journal. Enjoy this Sankey... or Alluvial chart (heard them called both today, anyone know the difference?) #dataviz#sankey#alluvial#dataviztoday thank you @dataviztoday for the direction and inspiration for this chart! #powerpointdesign#design#datascience#datareports#datavisualization#datadesign#informationdesign#friday#slideshow#charts#chartporn#chart#graphschartsandstuff