Futures Trading based on COT Report W05-21

by Michael Chechnev | Feb 8, 2021 | Trading week results

Hello Insiders,

Today is Sunday and we traditionally summarize the last trading week.

We have no profit this week. We are waiting for interesting trends. The CRB index is at the height of the seasonality and interesting moves should start soon.

SOYBEAN MEAL – open position

Signal to sell for soybean meal was published in the weekly trading plan W04. The position was opened January, 28. Stop loss is placed above high February, 04 plus 1 tick. Also here we have an order to close a position at breakeven.

However, indicators show that there is a high probability of a downward movement. Therefore, on weekly plans, we will consider the possibility of canceling the order to close a position and recalculate a new target price.

AUSTRALIAN DOLLAR – open position

This is another of our open positions. We didn’t have a signal for the Australian dollar, but we had for the Canadian dollar and the New Zealand dollar. The Australian dollar is the weakest so far.

Friday was an outside day with an up close. This is a good short-term pattern to sell. Here the probability of a decline is quite high. The position is kept.


The CRB index has three inside weeks. We are approaching the peak of seasonality. Now all the signs are that a correction is approaching in the commodity market.

The grain sector is trying to turn around. Metals are weak. Soft sector is also show signs of reversal. If cride oil reverses, it will be a good signal for a decline. We should wait.

That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 06.

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/

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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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