Futures Trading based on COT Report W39-20

by Michael Chechnev | Sep 27, 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.

We are closing this week with a profit, unlike the last one, where we didn’t have closed trades.

At the end of the week we have open positions in Сoffee and British pound.

We will now take a closer look at all the deals this week.

NATURAL GAS – closed position, loss $4,960

This was a second short entry based on our signal, which was formed after analyzing the COT report in week 37. We closed the first deal at almost breakeven (profit $20). The second trade on the opening day of September 24 was closed through a stop loss with a loss $4,980.

Most likely due to “gluing”, there was a rebound up from MA52. On the weekly chart, we see a bounce down from MA18. If the rebound continues to develop, then we plan to open the trade here again. The momentum is bearish. There are chances for further decline.

COFFEE – open position

SetUp to sell for Coffee was published in the weekly trading plan W33. The COT index continues to be in the sell zone. There are chances of continue of decline.

At the beginning of the week we already had 1 contract. Then on September 21, we sold another 3 contracts. Position is kept. Stop loss is placed above high September, 22.

The %R indicator shows that a correction is in progress. On Monday it will be clear how the situation will develop here. Either there will be a gap down, coffee will continue to decline or our trade will be closed by stop loss. In this case, we can try to re-open, because indicators show potential for decline.

BRITISH POUND – closed position, profit $5,906

Signal to sell for British Pound was published in the weekly trading plan W37.

The deal was opened on September 21st and closed on September 23rd on our PRO account. The earlier close was due to a losing trade in Natural. The profit was $5,906. On a small account, the position remains open.

In general, the COT index is also not discharged. We believe that the downward movement will continue. The British Pound has support at 1.2044. In theory, the price can go down here.

Now the British Pound is in correction. The momentum is bearish, the seasonal trend contributes to the decline. The chances of further decline are quite high.


The week was corrective. We see a high probability that the next one will also be corrective. In addition, an important factor is bullish momentum, which suggests that here either a wide flat movement or the index will slowly go down.

So, to sum up the trading week:
BRITISH POUND profit $5,906
NATURAL GAS loss $4,960
Total profit $946.

That’s all about our trading in this week.

Next, we are moving to planning forthcoming trading week 40. At first glance at the newest COT report, our watch list looks impressive next week.

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

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