Today is Sunday and we traditionally summarize the last trading week and prepare our plan for the forthcoming trading week.
At the beginning of the reporting week our portfolio had two open positions in S&P500 and Cocoa. At the end of the week we came with a fully closed portfolio.
Let’s take a closer look at how our trading week went in order closing trades.
COCOA – closed position, profit $5,650
SetUp to buy for Cocoa was published in the weekly trading plan W40.
Cocoa deal was opened on October 6. We closed the position in two stages. The full position was closed this Friday. Total Profit was $5,650.
СOT index isn’t discharged. Therefore, there are opportunities for another short trade. For the %R indicator, the instrument is oversold and we are waiting for a correction. We think the movement will continue. By the way, the seasonality continues to reduce cocoa prices.
S&P 500 E-mini – closed position, profit $6,300
There was no valid setup for SP500, but there was a valid setup for NASDAQ. At the time of entering the trade, we compared the indices and the S&P500 was the strongest.
The deal was opened in accordance with our MA18 pattern. We earned $6,300 here. I think that on October 14th we came out of the deal perfectly, because the price went into correction.
So, to sum up the trading week:
COCOA profit $5,650
S&P500 E-mini profit $6,300
Total profit $11,950.
That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 43.
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