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The Commitments of Traders Bible: How To Profit from Insider Market Intelligence (Wiley Trading) | 
 enlarge | Author: Stephen Briese
Publisher: Wiley
Category: Book
List Price: $70.00
Buy New: $38.66
You Save: $31.34 (45%)
New (30) Used (12) from $38.02
Rating:  5 reviews
Sales Rank: 210381
Media: Hardcover
Pages: 279
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 10 x 7.2 x 1.6
ISBN: 0470178426
Dewey Decimal Number: 332.644
EAN: 9780470178423
ASIN: 0470178426
Publication Date: April 4, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product 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.
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| Customer Reviews:
 Must Have Book For Trader December 4, 2008
Old Time Trader (Chicago)
The Committment of Traders data should be important information for every position trader. Briese is the guy to go to to learn how to interpret this information to help to make trading and investing decisions. I've been trading for over 20 years and am very familiar with the COT data but learned something new from this book and highly recommend it to every trader.
 Its alright, but I didnt see anything new about the COT here. December 3, 2008
Mark Twain "" (Florida, MO USA)
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.
Good book November 28, 2008
ML (Singapore)
This is a decent book on the committment of traders data (and the only I've read). It provides an overview and the author has dealt with the data for over 20 years so he knows the inns and outs of it. The author has a website, but he doesn't try to hardsell his own newsletter in the book. That is good.
There isn't much information in the book to tell you if the committment data is valualbe in the first place. There are some academic studies (not referenced) that show quite poor results, but there is a problem with academic studies. Only those showing efficient markets tends to get published. If somebody finds a holy-grail he will not publish it. So it is up to you to find out if the committment data can be useful. This book tells you what the data is and how it can be analysed. So don't expect a comprehensive trading system.
I would have loved the author to be more familiar with statistics. He presents a lot of correlation tables and I don't consider them useful. It smells like data mining to me. Still those tables are not at all relevant for the key themes of the book. So not really a problem.
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
The Truth Below the Surface May 27, 2008
Dr Alexander Elder (New York, USA)
13 out of 14 found this review helpful
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 is 90%, then 70% is wildly bullish!
Briese's book covers everything you need to know about COT )Commitments of Traders Reports) - including technical patterns, currencies, metals, oil, and much more. If you trade futures, you sure need this book!
I like Briese's breezy writing style (pardon the pun!) but dislike the arrogant title of the book. I know of only one Bible, and Briese is definitely not its author. This minor quibble aside, I highly recommend his book to every serious futures trader.
Best book on Commitments of Traders analysis April 19, 2008
Balint Kollath (Budapest, Hungary)
12 out of 12 found this review helpful
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.
I am a private futures trader and the real breakthrough in my results coincides with my realization of the importance of COT analysis. 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.
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