10/08/2014 – Coffee
Dec. coffee:
1. In our previous (Mon., Oct. 6) Williams edge live meeting it was noted that Dec. coffee would likely fail upon any retest of $224.50 and be followed by a decline and test/attempt at $212.50.
2. Although no official trade entry was given, coffee responded to the roadmap by testing $224.50 on Tues., Oct. 7 and reversing lower and completing the $212.50 downside target (today’s session low, $211.00, so far).
3. This is further confirmation that coffee should be included in the group of markets traded in Williams Edge. Will update.
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.