Futures Trading based on COT Report W03-21

by Michael Chechnev | Jan 24, 2021 | Trading week results

Hello Insiders,

Today is Sunday, January, 24th and we traditionally summarize the last trading week.

At the end of the week we came with a long position in the US dollar index.

US DOLLAR – open position

Signal to buy for Dollar index was published in the weekly trading plan W02.
The position was opened on January 14, but there was no upward movement. The positions are opened in PRO account and small account.

We still believe that the current short-term upward movement on which the position was opened is not a reversal of the global trend, but a temporary correction.
If it was a reversal, then there would be a rapid impulse growth. On Thursday, we decided to exit the position at the breakeven level, but so far we have not succeeded. We hope that there will still be a slight upward price movement and we will close the position without losses.

In general, a trend reversal and a possible upward movement of the dollar index show both cycles and a seasonal factor, but if the situation develops similarly to the current scenario, the dollar will strengthen uncertain without interesting trend movement.


Below you can see the seasonal pattern of the CRB index. In this chart, the CRB index is close to a height. We see that a correction is possible in a near future. This correction happens almost every year.

We have a lot of short signals fro commodities and now the main thing isn’t to rush and choose the right time to enter to deal. Most of the markets are in flat moments at the moment.

That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 03.

These detailed trading plans are published for members in our Insider Week community. Join us now!

Trade smart, Insider Week team

Our Trading Performance  HERE

Our COT-Trading Service https://insider-week.com/iw-cot-trading/

Risk Disclosure: Trading in futures, forex and CFD's involves a high degree of risk and is not suitable for every investor. An investor may possibly lose more than the capital deposited. Only risk capital should be used for trading, or parts of risk capital. Risk capital is money, the loss of which does not change the financial situation or does not affect life. Performance achieved in the past is not a guarantee of future profits.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. The account results presented may vary significantly in gains and losses. One of the limitations of hypothetical results is that they are generated by known historical data. In addition, hypothetical trading does not involve financial risk - no hypothetical track record can represent the financial risks of actual trading. For example, there is a possibility that trading will be suspended or cancelled if losses are incurred, this can greatly change the actual results. Furthermore, there are numerous other factors that cannot be fully accounted for in hypothetical performance when implementing a trading program, and thus can affect actual results.

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