Today is Sunday and we traditionally summarize the last trading week and prepare our plan for the next trading week.
This week we have closed Corn position, by the end of the week we came up without open positions. We had orders in Australian Dollar, British Pound and Orange Juice as well, but price didn’t reach our entry level and orders were canceled.
Firstly, this is our map of COT-Setups for week 24th. We work on a similar map for the week.
CORN (closed position), profit $2,250
SetUp to buy for Corn was published in the weekly trading plan W18. The deal was opened on June 4 via pattern Inside Day. We had 15 open contracts on the PRO account and 1 on small account. Positions was closed mannualy June, 16 because there was no up impulse.
Profits are $2,250 on PRO account and $150 on Small account.
The COT index has not been discharged and still shows a buy signal. The accumulation is also bullish. There remains a high probability of further growth. The question is the quality of this growth. We plan to wait until the corn leaves the flat movement (yellow box in daily chart) and only then open a long position.
That’s all about our trading in this week.
Next, we are moving to planning trading week 26.
These detailed trading plans are published for members in our Insider Week community. Join us now!
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