Our Futures Trading Results. Week 8 2022
Our results of the week
+ 30.463 $
+ 6.712 $
+ 13.051 $
+ 10.700 $
+$19,763 profits. That's the trading result from our commodity and futures trading according to COT data in week number 8. Welcome to InsiderWeek. In this video I’m going to show to you the trades of this week and the corresponding results. First let's have a look at our first COT strategy. We started into the week with a portfolio that consisted of two open positions, namely 10 long contracts in Feeder Cattle and 11 long contracts in Corn. During the week we closed all our positions due to the political events that happened this week. Consequently our portfolio at the end of this week is empty. Let's have a look at the trades individually.
First market: Feeder Cattle. In Feeder Cattle we received a buy signal and we see that there is a strong resistance level around the level of 170. So at the beginning of the week we decided to either stay in this market in our long position if the price shows us impulse waves into our direction at the beginning of the week. If this was not the case we would try to exit the market at break even. At this weekly chart you can see that the market was very volatile especially at the end of this week. Additionally you can see that the resistance level was not broken. On the daily chart you can see that there were no impulse waves to the upside. We were not able to close the position at break even and we were stopped out with a loss of -$10,750.
Next market: Corn. In this market we applied our contra COT signal strategy. On the daily chart you can see that the price moved into our direction and on Thursday we saw that the markets are very volatile and we adjusted our stop-loss and put it closer. Accordingly we could protect our accounting profit and on Friday we were stopped out with a gain of +$7,462.
Now 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 two open positions, namely two short contracts in the 30-Year T-Bonds and six long contracts in Corn. At the end of this week we have an empty portfolio. We have a net result in the champion strategy of +$13,051. Let's see what trades led to this result.
During the week we opened a long trade in Heating Oil. However as mentioned before we closed all our positions on Friday to not have open positions over the weekend.
The trade in Bitcoin was not very successful. We took a short entry and price moved into our direction shortly, then price went to the upside, and on Friday as mentioned before we decided to close the position.
In Corn we had a long position and as you can see we decided to exit the position before our target price level was reached. That decision was taken due to risk and money management reasons on our account.
And then our last trade in Lumber was also successful. We made profits with it. We used a new entry pattern to enter this market and we will teach you the new entry pattern in the trading webinar.
At the end let's have a look at the CRB index as usual. We can see that the price crossed the last week's high. Nevertheless the week closed below last week's high. We expect to see further increasing trends. Nevertheless a correction becomes more probable.
That's all for this week. The week was very intensive, emotionally for many people on this planet. We wish a peaceful time to all people, friends, and families. Thank you for your attention and see you all at the next trading results.
That’s it from our side this week! See you all at the next trading plan next Sunday!
Max Schulz and
the InsiderWeek team