Our Futures Trading Results. Week 47 2021

Summary:

  • Our week in the markets using COT Strategy: +$30,500
  • Our week in the markets using Champion COT Strategy: +$39,450

 

 

+$69,950 profits. That’s the trading result from our commodity and futures trading according to COT data in week number 47. Hello and welcome to InsiderWeek. In this video I’m going to show to you the trades of this week and the corresponding results. We’ve started into the week with an empty portfolio. During the week we opened a position in the meat market and another position in Soybeans. At the end of this week we are left with a portfolio that consists of one open position, namely the six long contracts in Soybeans. Let’s have a look at the two trades individually.

First market: Live Cattle. In this meat market we received a buy signal in the weekly trend direction which was in harmony with seasonal trend. So here we had a good setup on the daily chart. You can see that in the past we tried to trade this market before we were stopped out at break even and after we’ve seen that the price continued to the upside we entered this market again. We exited this market last week with a gain of +$30,500 profits.

Next market: Soybeans. Here we received a buy signal at a support level. Again this buy signal was in harmony with the increasing seasonal trend. Additionally we could see in the past that the other grain markets were exposed to uptrends as well. So we decided to enter this market with a long trade and on Thursday we saw a gap. However that’s not too dramatic. We are still expecting price to increase and we are observing what price action will come in the next week. 

Next, let’s have a look at our second COT strategy – the so-called champion strategy. We started into the week with a portfolio that consisted of three open positions, namely Australian Dollar, Coffee, and Wheat. At the end of this week we are left with one open position which is the position in Coffee. Overall our trading result with our second COT strategy this week is $39,450 profits. We’ve traded Wheat before and were successful with it. We were stopped out according to our target level and now we re-entered this market. In Australian Dollar we’ve seen a strong downtrend. We decided to take part and entered this market short. We closed this position on Friday and made good money with it. In the Coffee trade we didn’t reach our target price yet so we’re keeping patient and we wait for the price to reach our target.

Let’s have a look at CRB index as usual – the commodity price index. Basically it corrected after we’ve seen two range weeks in a row. For us it’s important to observe how this correction will behave. Because of that we will be more careful with our long trades.

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

 

 

☆☆☆☆

 

Be aware of the risk because risk management is the key to success in trading.

Max Schulz and
the InsiderWeek team