Futures Trading based on COT Report W12-20

by Michael Chechnev | Mar 22, 2020 | Trading week results

Hello Traders,

Today is Sunday and we traditionally summarize the last trading week and prepare our plan for the next trading week.
We have had one open position and due to the high volatility last week there were no new trades. Current unrealized profit is $11,430.

We are consolidating our last week success when we exceeded the important level of $500,000 in our trading account (link).

We also invite you to watch our webinar of drawdown and the steps that we take when the account is in drawdown (available in German).

So this week we have been working with an open position in Soybean Meal.

SOYBEAN MEAL (open position), 9 long contracts

This long trade was opened on the basis of the setup, which was formed on the 8th week. The position was opened on 03/04/2020.

Then last week, after analyzing the COT report, a short setup was formed here, i.e. in the opposite direction from the open position.

We didn’t immediately close the position. According to our strategy, to enter a position we need to make sure that the short-term trend is directed towards an opening trade. In this case, the trend hasn’t changed and the price after a long flat movement still went in the direction of our first setup.

Now the stop loss for the open position is below low 03/17/20.

There is a seasonal factor until the end of May. But because we have the actual shirt setup, we should to be as careful as possible. There may be a similar situation to the last movement of sugar and cocoa – a short-term upward movement and a sharp drop down.

The first filter that we will use to monitor a potential decline is an indicator of supply and demand. As soon as it goes down, we will move the stop loss closer to the market price or take profit.

So, Soybean Meal position is kept. Target price is 344.


The index shows new lows. We expect a further decline in the index. In the next trading week, we will prefer short trades.

At the end, this is our map of COT-Setups for week 12th.

To sum up the trading week:
no closed positions

That’s all about our trading in this week.
Next, we are moving to planning trading week 12.

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

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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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