Futures Trading based on COT Report W34-20

by Michael Chechnev | Aug 23, 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.

This week is the first this year when we didn’t open positions. Therefore, the weekly results will be short 🙂

Now the holiday season is clearly visible. We see that most of the markets are in flat movements and are trading in narrow ranges. We expect interesting trades in September and October. We believe this will be the best time to make money this year.


This week our focus was on cocoa.

Now there is a correction, but the uptrend may continue. We see that the COT index is slowly discharging, but the chances that the upward movement will continue still remain in the market. Let me remind you that we already had a great trade here. We earned $36,400.

At the beginning of the reporting week, we tried to enter the trade on corrections, but our order was not executed, since the price didn’t reach our entry level and went down for the correction. We didn’t consider a trade through a rebound from MA18, since the supply and demand indicator doesn’t make new highs.

As soon as the trend line of this indicator is broken, then most likely the upward movement will continue.

So, at the moment we are waiting for the exit from the correction, in which the cocoa is now. However, we need to be careful, because very often such corrections turn into a long sideways trend. In general, we would like to see the price above MA18 here.


The past week is neutral for the CRB index. Momentum remains bullish. The next week could also be bullish.

That’s all about our trading in this week.
Next, we are moving to planning trading week 35.

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.

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