Futures Trading based on COT Report W13-20

by Michael Chechnev | Mar 29, 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.
By the end of the week, we fixed a profit of $12,510.

Our position at the moment is to be patient and wait for a good trade with a high probability of execution. The best way now isn’t to be tempted by the quick potential profit, but to wait for the decrease in volatility and find a futures with the right risk. Hasty decisions can lead to a loss of capital.

So last week’s deal is Soybean meal.

This is our map of COT-Setups for week 13th. We worked on this map this week.

SOYBEAN MEAL (closed position), profit $12,510.

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.

Because the supply and demand indicator began to turn around, we closed the position earlier than the target price 344. One part of position was closed at market price, the second part by stop loss.

We earned $12,510 here.

The setup was very well done.

There are two options for the development of movement.
Option 1. The current downward movement is a correction. The accumulation and distribution are bullish, momentum is bullish, seasonality contributes growth. Perhaps on Monday we will once again enter a long position. On a weekly plans, we will consider this trade in details.

Option 2. If there is an impulse down and the price closes below MA18, then we will open short position, since we have a valid setup to sell.


The week was growing. Apparently CRB index is reversing and the next week may be bullish.

To sum up the trading week:
Soybean Meal Profit $12,510
Total profit $12,510.

We also invite you to watch video about trading week results (available in German). COT Report I Futures Trading KW13: Soybean Meal”

That’s all about our trading in this week.
Next, we are moving to planning trading week 13.

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

Trade smart, Insider Week team

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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.

Testimonials appearing on this website are not representative of other clients and are not a guarantee of future performance or success.