Futures Trading based on COT Report W06-21

by Michael Chechnev | Feb 14, 2021 | Trading week results

Hello Insiders,

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

Last week was unprofitable. We have losses in soybean meal and Australian dollar. We also have a long position in natural gas.

Overall, the CRB commodity index is in flat movement and close to seasonal highs. In the near future, we expect interesting trend movements and, accordingly, weeks with a profit.


SOYBEAN MEAL – closed position, loss $3,660

Signal to sell for soybean meal was published in the weekly trading plan W04. This is a short signal in a good uptrend. Due to the high volatility, the trade was closed with a loss of $3,660, while the price didn’t go far and returned to our entry level.

We believe soybean meal is close to a trend reversal. And the uptrend can be replaced by a downward trend. Accordingly, we have an idea to re-open a short trade here. We’ll do that next week.





AUSTRALIAN DOLLAR – closed position, loss $10,380

This is a idea from trading plan of week 04. We had signals in the New Zealand dollar as well as the Canadian dollar. However, the Australian dollar was the weakest among commodity currencies at that time.

The position was opened on February 2. We placed our stop loss far enough from the entry level to level out the volatility. However, the price reached our stop loss level and the trade was closed with a loss. Loss is $10,380. While we will stand aside from currencies.


NATURAL GAS – open position

Signal to buy for natural gas was published in the weekly trading plan W02. This trade is speculative and entry was at reduced risk. We plan to close it within a few days.




INDEX CRB

The CRB index is compressed like a spring. Therefore, there are no significant movements in the market right now.

The index is even closer to its seasonal peak. It is important that momentum shows decline. This confirms that serious movements may begin soon.

As soon as the index breaks out of the flat, we should start profitable weeks. We are waiting for the index to exit the sideways movement.


That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 07.

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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