For anyone following, I’m closing all positions and will start over again with a new week, and a new month, and will look at holding for the entire month of Dec. providing momentum doesn’t change significantly for any of these. That will be determined weekly.
Here’s how I finished (totals highlighted in yellow):
Apart from Soybeans, which was stopped out as expected, it was a big improvement over 2 weeks ago, racking up $1,135 (CAD) in profits compared to -$134 two weeks ago…SO glad I held on for a longer period.
Natural Gas, Wheat and DOW did very well. S&P 500 didn’t as I expected because it runs side by side with the Dow and was just barely saying short. I kept this direction because of all the additional short positions that had been taken (22,478 compared to 4,063 additional longs), so I thought there was a chance the direction might change. It didn’t, but I’m not the only one that thought the Dow was going to run out of steam. It didn’t.
Like I said before, there is definitely potential here. I will be looking at these next week for possible entries on my live account. I will not place them blindly though like I’m doing here. I will wait for setups that correlate with the direction of the COT report.
There, I have my 1st rule for this strategy aside from position size and SL.
I will post this weeks’ chart later today and enter my positions Sunday (Dec. 1st) evening.