02/15/2017 – Soybeans
March soybeans:
1. On Friday, February 10/Monday February 13 in our Williams edge live meeting it was noted that March soybeans (then trading at approximately $10.60) was likely to make 2 distinct moves, first a decline to $10.45/$44 into Wednesday, February 15. And on that same day (Wednesday, February 15) soybeans were expected to then advance back to $10.60, as well.
2. Subsequently, March soybeans declined to $10.45/$45 on Wednesday, February 15 and on that same day advanced powerfully to complete the $10.60 upside target (session high, $10.59, so far). This successfully completes the forecast/trade. Will message any further entry or indication in March soybeans.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.