Today is Sunday, January 19th and we are summing up trading week.
Open positions at the end of week are:
10-year T-bonds, long position – 3;
Australian dollar, short position – 8.
Firstly, this is our map of COT-Setups for week 03rd.
10-YR T-BONDS (open position)
There is a good uptrend. Then there was a rollback. It is important that Commercial gained positions on this pullback. Our assumption was that there could be a move up for this reason. At the moment, there is upward movement, but small and not fast. The week ends as a green bar, it means the week is uncertainty.
Stop loss is placed below 01/09 – 1 tick. If the high is rewritten, then we will move the stop loss below Friday low.
Let’s look at seasonality. We are waiting for a move up, then a descent down to the end of February. In this regard, our strategy for this trade is to close position via breakeven or with minimal profit.
AUSTRALIAN DOLLAR (open position)
The deal was opened on Friday. We entered the deal on a rollback. This allowed us to reduce risks to $ 830 dollars.
Stop loss is placed above 01/06 + 1 tick at the moment. Target price is 0.6497. This is very interesting risk/reward ratio. Momentum made new low. This is very good indicator. We look at how the next week will be traded.
To sum up the trading week:
no close position
Total profit $0,0
That’s all about our trading in this week.
Next, we are moving to planning trading week 04.
Trade smart, Insider Week team
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