Futures Trading based on COT Report W41-20

by Michael Chechnev | Oct 11, 2020 | Trading week results

Hello Everyone,

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

The past trading week was with closed trade. We have some new positions in our portfolio as well. At present our portfolio looks like this.

Let’s take a closer look at what happened last week.

COFFEE – closed position, profit $281

SetUp to sell for Coffee was published in the weekly trading plan W33.

This position was opened on September 18 and closed on Wednesday. Profit was $281. We also had another trade based on this signal. All in all, we made $6,656 here.

At the moment the signal in the coffee was not fully realized, as the COT index hasn’t yet moved to the buy zone. There are rather high chances of further price decrease to the level of serious support 95-100.

In other words, we are considering another trade in coffee. Momentum is bearish, seasonally there is a range for decline. Accumulation is bullish and makes new heights, but here we just need to wait on for a while. We keep the coffee in our match list.

S&P 500 E-mini – open position

We have a valid NASDAQ setup that was formed after analyzing the COT report from week 40.

The deal was opened in SP500, because this index was weaker at the time of entry. The position was open as correction deal with a reduced risk. We believe that there will be a rewrite of the height. Our target price in this trade is 3,566.5. We closely monitor the indices and keep the position in NASDAQ.

COCOA – open position

We are in trade here. The deal was opened on October 6 based on a signal from 40 weeks.

We aren’t moving the stop loss yet. There are bearish accumulation and momentum. Cocoa also has middle-term down movement with small rise of seasonality. We think the downward movement will continue.


The CRB index was rising this week. Momentum shows accumulation, but from CIT signals we can see that the basic instruments within the index have a valid sell signal. For this reason, we need to be very careful with long trades in commodity markets next week. Next week may be a correction week.

So, to sum up the trading week:
COFFEE profit $281
Total profit $281.

That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 42.

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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