Futures Trading based on COT Report W44-20

by Michael Chechnev | Nov 1, 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.

This week has been rather boring in our trading. We closed only one trade and we have no open positions at the end of the week.

Let me remind that during the week we work only with those instruments that we chose on Sunday through a detailed analysis. This allows you to maintain focus and emotionally avoid entering those trades for which fundamental analysis has not been performed.

Now let’s take a look at last week’s deal.

As I mantioned above, we have no open positions at the moment.

COFFEE – closed position, profit $1,162

SetUp to sell for Coffee was published in the weekly trading plan W39. The trade was opened October, 19 and closed this week with a profit of $1,162. This is the third trade on this signal in coffee. Past trades were closed with a profit and the total profit from the setup is $7,818.

In general, the price of coffee continues to decline. The COT index didn’t return to the buying zone, so the chances of a decline remain.

In terms of indicators, the situation is twofold.
1. Seasonality is generally downward, but there are short-term upward ranges.
2. Accumulation is done by new lows.
3. However, there is a momentum divergence, which indicates a possible trend reversal.

Perhaps conflicting signals are coming due to the umcoming rollover to a new contract.

Today we will collect all the fundamental data together and will make decisions on the further strategy in coffee.


The uptrend is broken here. It can be assumed that a trend reversal is beginning and short COT signals to commodity markets will soon appear.
We think that in the near future we will see a downward movement in the CRB index and, accordingly, the commodity market.

That’s all about our trading in this week.
Next, we are moving to planning forthcoming trading week 45.

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.

Testimonials appearing on this website are not representative of other clients and are not a guarantee of future performance or success.