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Our Futures Trading Results. Week 4 2022

+$9,565 profits. That's the trading result from our commodity and futures trading according to COT data for week number four. Welcome to InsiderWeek. In this video I’m going to show to you our trades of this week and the corresponding results. We started into the week with an empty portfolio. At the end of this week our portfolio consists of two open positions, namely 35 short contracts in Mexican Peso and 8 long contracts in Wheat. Let's have a look at the trades individually.

First market: Wheat, weekly chart. Here we can see that we received a buy signal in the weekly trend direction. Because of that we like the signal, however as you can see from the seasonal trend we haven't received any confirmation. On the daily chart you can see that we waited for the trend reversal. After it appeared we used the entry pattern to enter this market. First, the market went into our direction and then price moved into a correction. Our stop loss is far enough away. At the moment we are slightly in the loss, however we expect our target price to be reached.

Next market: Mexican Peso. As you can see we received a sell signal and we decided to trade this market short because of the strong resistance at the level of 0.05. We expect the price to reach the lower boundary of this range where we received a lot of buy signals in the past. On the daily chart you can see that the price actually fell before we entered. At the moment our net accounting profit is approximately around zero. Our stop loss is in the market at the high from the trend. We are 35 contracts short in this market and we wait for our target price to be reached.

Now let's have a look at our second strategy - the so-called champion strategy. As you can see we started into the week with an empty portfolio and at the end of this week our portfolio consists of one open position, namely two long contracts in Heating Oil.

In Soybean Oil we were triggered for the second time. Our first trade was very successful. We exited it last week, then the price went into a correction. We used it to enter the market again and we exited this week with a total gain of +$19,820.

In Heating Oil we can see that there is a strong daily uptrend. Price went into a correction and we use that correction to enter the market. Our target price was not reached by a few ticks. We moved our stop loss to protect our accounting profit. Nevertheless we expect the price to reach our target level because for example in the United States the cold winter hits the country. Accordingly Heating Oil prices are expected to increase further.

Next market: Wheat. As you can see the last three trades were not that lucky in Wheat. We are not happy with those trades. The trade at the beginning of the week brought us a loss of -$11,515. Also the second trade was not successful as we expected it to be. Again we were stopped out, this time around break even with a small gain of +$1,260. Still we expect Wheat prices to increase. We just need to have better timing here.

The total performance of the champion strategy in this week was +$9,565 profits. That's a great result and thus we reached a new all-time high.

Now let's have a look at the CRB index as usual. That's the commodity price index. Again CRB index made a new all-time high. This is a very bullish sign and as such we expect to see further increasing commodity prices and we aim to take more long trades than short trades.

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

Max Schulz and
the InsiderWeek team