Our Futures Trading Results. Week 17 2021

Summary:

  • Our week in the markets using COT Strategy: +$20,000
  • Our week in the markets using Champion COT Strategy: +$8,055

 

 

A gain of +$20,000. That’s the trading result from our commodity and futures trading according to COT data in week number 17. Hello and welcome to InsiderWeek. In this video we are going to discuss the trades of this week and the corresponding results As mentioned we could realize a weekly gain of +$20,000. By realizing this gain we were able to reduce our drawdown to $3,000. In addition to this realized gain we also have an accounting profit in coffee at the moment. As a result we have a good chance to be able to exit the drawdown period in this month and then we would reach a new all-time high in our account.

We started week 17 with a portfolio consisting of 4 long positions. First of all we had 8 contracts in coffee, 2 contracts in gasoline, 2 contracts in silver and 5 long contracts in soybean oil. In the end of the week we were left with 2 open positions namely coffee and gasoline. During the week we haven’t opened any new positions. Let’s have a look at each trade individually.

First market silver: On the weekly chart we received a buy signal. We are deriving our buy and sell signals from COT data and other indicators. On the daily chart we waited for the right timing. We were triggered according to our plan but the market did not move in a clear direction as expected. There was some volume in our direction but afterwards there was a sell-off again so we decided to exit the market and thereby received a gain of +$50. 

Next market soybean oil: As you can see we received a buy signal in the weekly trend direction. We like markets that produce these kind of signals and we often decide to trade these on the daily chart. We waited for our entry pattern to appear. It appeared, we have been triggered according to our plan and the market moved clearly into our direction as expected and we could lean back and wait for our target price to be reached. After our target price was reached we realized a total gain of +$19,950.

Next market coffee: On the weekly chart you can see that we received a buy signal. From prior sale signals on the weekly chart you can see that the resistance level had been reached this week. On the daily chart you can see that we were triggered according to our plan price moved into our direction and then shortly bounced back from the resistance level that we’ve seen on the weekly chart. One would have been able to exit the position and realize gains on the top however we decided to stay in the market because we expect that the price even makes new highs and will break the resistance.

The last position from our COT strategy portfolio is gasoline. On the weekly chart you can see that we received the second buy signal in a row. On the daily chart we waited for our entry pattern and we were triggered according to our plan. Shortly after we were triggered price moved against us. We expected a healthy correction and because of that we placed our stop-loss wide enough to hold the position through this correction. After the correction price moved into our direction and now we are in the accounting profit zone.

Now let’s have a few words on our second strategy – the so-called champion strategy from our champion coaching program. We started into last week with three open positions namely 5 long contracts in cocoa, 1 long contract in cotton and 1 long contract in copper. We closed all these positions during the week so in the end of the week we were left with zero open positions. By closing last week’s open positions we were able to realize a total gain of +$8,055. As a result we were able to make a new all-time high on this account. We are now facing an equity amount of $125,000. With regards on our starting capital from November 2020 where we started with $50,000 we are now seeing a return of 150 percent.If you want to keep updated on our performance and our trades please feel free to subscribe our youtube channel where we are releasing valuable content about futures trading on a regular basis. If you’re especially interested in our strategy and want to know more information about our coaching program you can join our free webinar on May 18th through our website. By clicking on the registration button you can fill in your name and your email address to register for the free webinar. 

In the end let’s have a look at CRB index as usual. You can see that commodity prices broke through the resistance in the last week. In the last week we only exposed ourselves to long trades and as we are expecting commodity prices to increase further we will sustain this bullish attitude and look for long entries. That’s it from our site this week please feel free to subscribe our youtube channel and join our free webinar on May 18th!

Thank you very much for your attention and we wish you all many successful trades for the next week!

 

HERE you can find a summary of all individual trades and a comparison of the results of both strategies:

 

 

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Thank you very much for your attention and we wish you all many successful trades for the next week!

 

Max Schulz and
the InsiderWeek team