09/20/2017 – live cattle
October live cattle:
1. In last Thursday’s (September 14) Williams edge live meeting it was noted that October live cattle (then trading at approximately $107.00) was expected to advance to $110 (or higher) on Wednesday, September 20. This would be confirmed by a daily close above $107.80 prior to September 20.
2. On September 19 October live cattle closed at $108.00 (above $107.80, indicating new long entry). The following day (Wednesday, September 20) October live cattle advanced powerfully and completed the $110 upside target (ssession high, $110.97). This successfully completes the forecast/trade. Will message any further entry or indication in October live cattle.
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.