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

Our Trading Performance  HERE

Our COT-Trading Service

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.