Futures Trading based on COT Report W26-20

by Michael Chechnev | Jun 28, 2020 | Trading week results

Hello Everyone,

Today is Sunday and we traditionally summarize the last trading week and prepare our plan for the next trading week.

There were no trades during the week, but on Friday we decided to trade Gasoline and it turned out to be unsuccessful. Let’s take a closer look at it.

Firstly, this is our map of COT-Setups for week 25th. We worked this map this week.



GASOLINE (closed position), loss $3,015

The gasoline setup was formed on the basis of CFTC report published on June 19. In other words, this is a new setup from the 26th week.

Gasoline interested us for the reason that the net positions of the Commercials are moving along the trend. This is a very rare occurrence. As a rule, they go against the trend. That is, operators believe in the strength of Gasoline and that the up movement will continue.

We also see that the COT index is not discharged. Next week we will closely monitor Gasoline. Most likely, the upward trend will continue next week and within 2-3 weeks.

So, the entry to the Gasoline deal was on Friday. We wanted to trade the rebound from MA18. The price didn’t go our way and the trade was closed on Friday via stop loss with a loss of $3,015.

We think that Gasoline is still interesting. The seasonal trend is promoting growth, the% R indicator is also in the buying zone.







INDEX CRB

If we look at our trades of the past period, then it was a wonderful period of 7 profitable weeks. This series was interrupted and, interestingly, the movement is similar to the index CRB chart. There was also growth, and now there is a change in trend. The momentum turned around. Next week is looking down. It will be necessary to watch short setups and short deals.

So, next week we plan to work more with short positions and continue the series of profitable weeks.


To sum up the trading week:
Gasoline, loss $3,015
Total loss $3,015.

That’s all about our trading in this week.
Next, we are moving to planning trading week 27.

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

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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.

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