03/07/2017 – Soybeans
- March 7, 2017
- Soybeans
May soybeans:
1. In our Monday, March 6 Williams edge live meeting it was noted that daily closes above $10.37 in May soybeans would indicate new long entry. Any hourly or especially daily close below $10.37 would prompt our protective exit.
2. March 6 closed at $10.38 prompting new long entry. Subsequently, the market closed hourly below $10.37 (at $10.33) prompting on long position exit. This resulted in a $.05 loss. 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.