Futures Trading based on COT Report W07-21

by Michael Chechnev | Feb 21, 2021 | Trading week results

Hello Insiders,

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

Last week was unsuccessful. We have profit in natural gas. Loss was recorded in Mexican Peso and this loss is greater than the profit.

At this moment we have no open positions.

So, let’s start.

NATURAL GAS – closed position, profit $1,740

The signal was formed as a result of the analysis of the COT report from week 02. It was signal by uptrend.

The trade was speculative based on the current signal and cold weather forecast. The trade was opened on February 11th. Warm weather is forecast for next week and it was decided not to risk keeping the position and get out of it rather quickly. The trade was through one lot. The profit was $1,740.

In general, natural gas has an upward trend and March is also forecast to be cold. Therefore, there may be interesting movements here, but we must be extremely careful, since natural gas is traded with gaps and is very sensitive to news factors.

MEXICAN PESO – closed position, loss $8,925

This is a idea from trading plan of week 07. There was a buy signal. On the weekly chart of the Mexican Peso, we see attempts at growth.

But if we look at the refined model, then all buy signals that are indicated by triangles on the chart are absorbed (yellow circle).

That is, there is a bearish trend in the market. Although the Mexican Peso has a rebounding uptrend and the price is above MA52, the last signal was canceled last week as the high of the bar was rewritten. The market is still bearish here. We should wait for a more bullish market here.

The trade was opened on February 15th. Since the signal was canceled in the middle of the week, it was decided in the middle of the week to reduce the risks and move the stop loss. On Thursday, the deal was closed with loss of $8,925. Small account has loss $600.

For now, we will be away from the Mexican Peso. As mentioned above, expect a more bullish market here.


This week, our standard CRB index is displayed in the trading platform with an error, so we attach a picture with an alternative CRB index, where a larger percentage of the energy sector. Here we see that while there is an upward movement. Despite the proximity to the seasonal inflection point, the market for commodities looks more bullish than bearish. Next week we will prioritize long positions.

That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 08.

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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