03/19/2015 – Corn
- March 19, 2015
- Corn
Issued: 03/18/2015
“Today in the LIVE meeting David mentioned that the MAY CORN was putting in a “1 day late” reflected wave bottom which would put this market in a “BUY “ position. It was also mentioned if there was an advance the May Corn could make a test/attempt at the 381.0 level”
SUGGESTION: BUY MAY CORN AT 373.0 on a limit…protective stop loss is 367.0
Risk= $300 per contract
Initial target: 381.0
Today the MAY CORN closed at 374 3/4
Stops will be moved if/when the market advances.
Issued: 03/19/2015
May corn:
1. In yesterday’s (Wed., Mar. 18) Williams edge live meeting it was noted that May corn (then trading at approximately $3.71) would likely advance and test/attempt $3.81 shortly thereafter.
2. Additionally, a subsequent report was sent out indicating new long entry at/near $3.73 in May corn for the advance to at/near $3.81.
3. Today’s May corn advanced, making a session high of $380.40, effectively completing the trade. Will message any further entry or indication in May corn.
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.