Trading results W 03-20

by Michael Chechnev | Jan 19, 2020 | Trading week results

Hello Traders,

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)

SetUp to buy for 30-YR T-bonds was formed in the weekly trading plan W01. We are trading 10-YR T-bonds according to risk management.

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.

There is a good accumulation that has made new heights. Momentum is also making new heights. There are chances to rewrite the high of the big candle 01/08.

AUSTRALIAN DOLLAR (open position)

This is new Setup on downward trend. This is a trend trade, which has a large degree of implementation according to our statistics.

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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