Swing Trading and Market Timing Knowledgebase

By: John Crane, swing trading guru

Swing Trading Soybeans

Figure # 5.9 - After breaking out of a short-term consolidation May Soybeans surged to a high of $6.91 ½ before closing at $6.73 ½, (E). From this high point the Soybeans entered a correction phase that lasted ten days and retraced all the way back to the previous consolidation—(F)—area before staging a two-day bounce. Soybeans remained in a choppy sideways trend for several days and never offered another trading opportunity.

soybeans chart

Figure # 5.9 – May 2005 Soybeans

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**THE RISK OF LOSS IN TRADING CAN BE SUBSTANTIAL. YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY 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 PROFITS OR LOSSES.

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