Our Futures Trading Results. Week 3 2022

Our results of the week

Realized result

+ 18.591 $

Pro Account

+$1,535

Champion Account

+$25,071

Weather Account

+$0

Welcome to InsiderWeek. In this video, I’m going to show to you our trading results from our commodity and futures trading according to COT data in week number 3. We started into the week with an empty portfolio and we closed this week with an empty portfolio. During the week we had one trade in Canadian Dollar.

Canadian Dollar: As you can see we had a strong support level on the weekly chart. We received a buy signal a couple of weeks ago and we decided to look for an entry on the daily chart. On the daily chart you can see that we were triggered according to our plan. We put the stop loss on the last low according to our rules. However price turned around and we were stopped out with a loss of -$6,480. Nevertheless, we are still interested in this market. On this chart you can see the daily bars of Canadian Dollar, of New Zealand Dollar, and of Australian Dollar. We can clearly observe that Canadian Dollar is the strongest among all of the three. In the past, seasonal trend was a good indicator for these currencies. On the daily chart of Canadian Dollar, you can see that the price moves in harmony with seasonal trend. So we are still interested in this market. This has been everything about our first COT strategy in the last week.

Let's have a look at our second strategy - the so-called champion strategy. You can see that we started into the week with a portfolio that consisted of two open positions, namely four long contracts and Coffee and eleven long contracts in Soybean Oil. At the end of this week our portfolio is empty. For the champion strategy we made a total net gain of +$25,071 in the last week.

On the daily chart of New Zealand Dollar, we marked the day where the WASDE report was published. On the WASDE report day itself markets tend to be more volatile than usual. Because of that we waited one day to enter this market. As you can see our timing was correct and after a short correction price actually showed us a great impulse wave. We closed this position at the end of the week and this impulse wave brought us a gain of +$25,036. On the daily chart of Coffee we could see that the market was continuing its trend to the upside. The news on Coffee were indicating bullish price development, however after we were triggered the price moved down and up and down. Because other commodity prices were falling we decided to place our stop loss at breakeven. On Friday we were stopped out with a small gain. Because of the bullish fundamentals indicated by the news we received we are still interested in this market and we expect the price to continue its trend to the upside. If this happens we are ready to take our long trades.

At the end let's have a look at the CRB index - the index for commodity prices. As you can see price continued its path to the upside. We saw a higher high a higher close and a higher low compared to the last week. We expect commodity prices still to increase. If we take into account the current weakness of the indices, we can conclude that it's a right decision to focus on long trades in the weekly trend direction in the commodity sector.

That’s it from our side this week! See you all at the next trading plan next Sunday!

Max Schulz and
the InsiderWeek team

About the author

Max Schulz is a professional futures and commodities trader. He is the founder and head of InsiderWeek. For many years he has been helping people achieve their financial goals by training them in futures trading.

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