08/10/2015 – Wheat
- August 10, 2015
- Wheat
September :
1. Since Wednesday, August 5 in our Williams edge live meeting it was noted that September wheat was expected to test $5.29/$.30 into Monday, August 10 (+/-1 day). Hourly or daily closes above $5.09 were the trigger for new long entry and occurred on Friday, August 7.
2. Today’s (Monday, August 10) September wheat advanced powerfully and completed the $5.29/$.30 upside target, completing the trade (today’s session high, $5.30, so far). This completes the trade. Will message any further entry or indication in September wheat.
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.