Today is Sunday and we traditionally summarize the last trading week.
This is our last summing up of the results in the outgoing year, since we won’t open deals this year. During the year there were 52 summaries and we need a week to gain strength for successful trading next year.
So, we close the year with no open positions.
SUGAR – closed position. Loss $6,809
Our last trade this year was a sugar trade. This is a short signal that was formed based on the analysis of the COT report from the 49th week. We entered the deal twice and expected a decline in sugar prices. The loss on the second deal was $6,809. We talked about the first trade here. On a small account, we also opened a trade and received a loss of $414.
In general, the COT index continues to be in sell zone. Against the background of declining seasonality, there are still chances for a fall and the current upward movement looks like a correction and a possible flat movement. At the end of 2019, there was a similar situation.
That’s all about our trading in this week.
We wish you Merry Christmas and Happy New Year.
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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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