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TRANSCRIPT
COMMODITY PRODUCTS
2008 Moore Research Report
Seasonals • Charts • Strategies
GRAINS
Welcome to the
2008 MOORe HISTORICal GRaINS RePORT
this comprehensive report provides historical daily charts, cash and basis charts,
and seasonal strategies to help you trade.
cme Group offers the following Grain futures and options contracts: corn,
mini-sized corn, Wheat, mini-sized Wheat, oats and Rough Rice.
For more information on cme Group Grain products, visit www.cmegroup.com/commodities or contact [email protected].
to begin trading Grain futures and options on the cme Globex electronic trading platform, contact your broker directly.
PagePreface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2Seasonal Pattern Explanation and Month Symbols . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3Strategy Explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5Contract and Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17
Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .29Contract and Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41
Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .47Contract and Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .78Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .80
Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .107Spread Seasonal Pattern & Weekly Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .108Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123Spread Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .125
Section Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .143Historical Volatility Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .144Cash & Basis Charts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .154
Chronological Summary of Trade & Spread Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .171
(All charts current through at least December 2007.)
Oats
Corn
Miscellaneous
Wheat(W,KW,MW)
Table of Contents
Historical Grains Report 2008 Edition
For Your Information
The Moore Research Center, Inc. (MRCI), located on 73 secluded acres outside Eugene, Oregon, is sought for its futures market analysis, combining many years of intensive computerized study and the experience of real-time trading. Our hardware and software both areconstantly upgraded, giving MRCI the speed and depth of capability tostudy price movement that we believe are state-of-the-art for the industry.
——————————————————————Copyright ©1989-2008. Moore Research Center, Inc. No part of this publication may bereproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, facsimile, or any information storage and retrieval system, without written permission. Retransmission by fax or other means which resultsin the creation of an additional copy is unlawful.
GrainInter-Market
Knowledge is the foundation essential to makingconsistently successful decisions. Would a
prudent businessman market product or purchase rawmaterial without first researching profit and cost potential? Would a successful trader/investor jump at a “hot tip” or a story in The Wall St. Journal? Or would he look before he leaped?
The purpose of this publication is to quantify pricehistory in the grains complex, offer it from a variety ofrelevant perspectives, and present it in a format useful to those whose commerce is substantially affected by fluctuations in prices for and between corn, oats, andwheat (CBOT, KCBT, MGE) futures. Therefore, notonly speculative traders but also producers, processors,and business executives throughout the industry are encouraged to thoroughly examine the following comprehensive study, for seasonality can be a primarycomponent in price movement.
Seasonal Patterns Nearly all markets — real estate, interest rates,
cash hogs, grain futures — are affected by various fundamental forces, many of which are seasonal in nature. Such forces as weather, fiscal calendars, cropcycles, and certain characteristics of futures contractsthemselves (such as delivery and expiration) tend torecur and influence, to one degree or another, certainmarkets every year. As any market or spread relationship responds to a series of annually recurringfactors, seasonal price patterns tend to evolve.
Daily seasonal patterns, both the 15- and most recent5-year, are derived from and a composite of historicaldaily price activity in the specific contract or spreadunder consideration. The numerical index to the rightreflects a historical tendency to reach its seasonal high(100) or low (0) at a given time.
Weekly continuation charts are also contract-specific.They are intended to better illustrate historical relativevalue, turning points, and long-term trends for particulartrading, spread, and hedging strategies.
Windows of OpportunityFrom these seasonal patterns, one can derive a
seasonal approach to markets that is designed to anticipate, enter, and capture recurrent price trends asthey emerge and exit before they are “realized.” Within these patterns may exist certain “windows of opportunity,” well-defined seasonal tops, bottoms, and trends.
Moore Research Center, Inc. computer programshave rigorously analyzed trends that have recurred in thesame direction during a similar period of time in at least80% of the last 15 years. The underlying theory assumes that causal fundamental factors specific to thattime period must have existed and may be influentialagain, thus making each historically 80%-or-more reliable strategy valid as a potential trading idea.
Because past performance is not necessarily indicative of future results, these strategies are notrecommendations but rather presentations of quantifiedhistorical fact — the cold, hard historical facts fromwhich to better anticipate future price movement. Essentially, these strategies identify computer-optimized, critical dates on which prices/values haveconsistently been higher/lower than on preceding dates.
In any one given year, markets can certainly tradecontrary to their usual patterns. However, rather than aseries of statistical aberrations, these strategies tend toreflect a seasonal “flow” — a matrix of tendencies —from which only unusual fundamental conditions maycause trading to depart drastically. Any assumptionsabout future price movement are merely reflections ofthe market’s own past behavior.
Special CommentsAll spread values in this publication are found by
subtracting the price (or equity value) of the sell sidefrom that for the buy side. Some spreads reflect changes in value between multiple contracts.
In any trade or spread involving wheat futures, closeattention must be paid to the appropriate exchange. Because contracts at each (Chicago Board of Trade, Kansas City Board of Trade, Minneapolis Grain Exchange) reflect trading for wheats of different type,class, use, and crop cycle, trading results will vary.
The effort to provide a cross-section of seasonalspread ideas could create some unintended net positionsif all were traded. The responsibility for developing anappropriate real-time trading plan lies with the user.
“Red” Contracts“Red” denotes a contract for delivery one year
deferred from a nearby contract of the same month. Forexample, during the year 2008, the July 2009 contract isdesignated as “Red” until the July 2008 contract expires.
Preface
Pre
face
2 HISTORICAL GRAINS REPORT
Each chart consists of two aspects of a market’s seasonal pattern—the most recent 15-year (solid line) and its most recent 5-year (dotted line), December 2007 contracts inclusive. Thus, any evolution in the pattern may
be perceived, as well as trends, tops, and bottoms coincident to both. The numerical index to the right measures the greatest historical tendency for the market to make a seasonal high (100) or low (0) at a given time.
Besides illustrating the more obvious seasonal tops, seasonal bottoms, and seasonal trends, these patterns also suggest certain cause/effect phenomena which may present secondary opportunities. For instance, do smaller but well-defined breaks/rallies typically precede certain events, such as Thanksgiving or first deliveries against a lead contract? If so, does there exist an implied opportunity?
Mar Corn(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Seasonal Pattern Chart Explanation
Month Symbols
MONTH SYMBOL MONTH SYMBOL
January F July N
February G August Q
March H September U
April J October V
May K November X
June M December Z
MOORE RESEARCH CENTER, INC. 3
Unique MRCI strategy sheets present each historically reliable seasonal trade or spread with a table of its relevantdetail. Traders are encouraged to evaluate each strategy individually; some may be more speculative in nature than
others. To detect a trade, MRCI’s computer system scrutinizes the last 15 years (when available) of historical pricedata for those trends recurrent, with a minimum reliability of 80%, during similar time windows. Those strategies arethen subjected to further criteria established for average profit and duration of time window. Once discovered and initially evaluated, a trading strategy is outlined, its crucial data tabulated, and then presented in the format below for closer analysis perspective on the third dimension, if you will. (Special reports may contain certainstrategies that have more commercial rather than speculative application, for instance, those that duplicate/overlapother strategies or trade a “spot month” contract.)
Reading the Table
For each contract year studied, the table lists entry date and price, exit date and price, and the ultimate profit orloss. Entry and exit prices are definitively based on the settlement price of the dates listed, as are profit and lossvalues. If an optimized trade date fell on a weekend or holiday, entry was considered to have been made on the following trading day while exit on the prior. In order to reflect historical fact and actual market movement, studieson these strategy sheets do not utilize the equity protection techniques (STOPS) suggested for real-time trading. Thetable encourages further evaluation by providing peak equity/worst drawdown dates and amounts.
Because past performance is not necessarily indicative of future results, these strategies are not recommendations but rather presentations of quantified historical fact. MRCI urges all traders to employproper money- management techniques at all times.
Strategy Explanation Sheet
Stra
tegy
Exp
lana
tion
Corn(CBOT)—SeptemberBuy on approximately 01/29 - Exit on approximately 02/14 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/29/07 402.75 02/14/07 412.50 9.75 487.50 02/13/07 575.00 02/07/07 -187.502006 01/30/06 243.75 02/14/06 246.25 2.50 125.00 02/09/06 350.002005 01/31/05 219.25 02/14/05 222.25 3.00 150.00 02/14/05 150.00 02/04/05 -75.002004 01/29/04 272.00 02/13/04 284.25 12.25 612.50 02/11/04 750.002003 01/29/03 240.75 02/14/03 244.25 3.50 175.00 02/10/03 237.502002 01/29/02 225.25 02/14/02 226.50 1.25 62.50 02/13/02 100.00 02/06/02 -100.002001 01/29/01 233.25 02/14/01 236.00 2.75 137.50 02/06/01 237.50 01/31/01 -12.502000 01/31/00 240.25 02/14/00 244.50 4.25 212.50 02/10/00 350.001999 01/29/99 231.50 02/12/99 232.75 1.25 62.50 02/10/99 262.501998 01/29/98 284.75 02/13/98 285.25 0.50 25.00 02/10/98 75.00 02/06/98 -125.001997 01/29/97 266.25 02/14/97 268.00 1.75 87.50 02/12/97 87.50 02/03/97 -237.501996 01/29/96 310.25 02/14/96 323.00 12.75 637.50 02/14/96 637.501995 01/30/95 247.75 02/14/95 253.00 5.25 262.50 02/14/95 262.501994 01/31/94 279.00 02/14/94 289.00 10.00 500.00 02/11/94 500.001993 01/29/93 235.75 02/12/93 234.00 -1.75 -87.50 02/05/93 -162.50
Percentage Correct 93
Average Profit on Winning Trades 5.05 252.68 Winners 14
Average Loss on Trades -1.75 -87.50 Losers 1
Average Net Profit Per Trade 4.60 230.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
4 HISTORICAL GRAINS REPORT
PageSEASONAL PATTERNS & WEEKLY CONTINUATIONS
Corn (C)CH; CH vs: CK, CN, CU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
CK; CK vs: CN, CU, CZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
CN; CN vs: CU, CZ, CH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
CU; CU vs: CZ, CH, CK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
CZ; CZ vs: CH, CK, CN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
STRATEGIESSeasonal Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Seasonal Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Cor
n (C
)
Corn (C)
MOORE RESEARCH CENTER, INC. 5
Mar Corn(CBOT) - May Corn(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Corn(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Corn(CBOT) - Jul Corn(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Cor
n: M
arch
Sea
sona
l Pat
tern
s
Mar Corn(CBOT) - Sep Corn(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
6 HISTORICAL GRAINS REPORT
Weekly Mar Corn(CBOT) - May Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-16.00
-14.00
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
Weekly Mar Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
Weekly Mar Corn(CBOT) - Jul Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
Weekly Mar Corn(CBOT) - Sep Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00 C
orn:
Mar
ch W
eekl
ies
MOORE RESEARCH CENTER, INC. 7
May Corn(CBOT) - Jul Corn(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Corn(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Cor
n: M
ay S
easo
nal P
atte
rns
May Corn(CBOT) - Sep Corn(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Corn(CBOT) - Dec Corn(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
8 HISTORICAL GRAINS REPORT
Weekly May Corn(CBOT) - Jul Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-14.00
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
Weekly May Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
Weekly May Corn(CBOT) - Sep Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
Weekly May Corn(CBOT) - Dec Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00 C
orn:
May
Wee
klie
s
MOORE RESEARCH CENTER, INC. 9
Jul Corn(CBOT) - Sep Corn(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Corn(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Cor
n: J
uly
Seas
onal
Pat
tern
s
Jul Corn(CBOT) - Dec Corn(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Corn(CBOT) - Mar Corn(CBOT) 15 Year Seasonal(93/94-07/08)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
10 HISTORICAL GRAINS REPORT
Weekly Jul Corn(CBOT) - Sep Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
Weekly Jul Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
Weekly Jul Corn(CBOT) - Dec Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
Weekly Jul Corn(CBOT) - Mar Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-5.00
0.00
5.00
10.00
15.00
20.00
25.00
30.00 C
orn:
Jul
y W
eekl
ies
MOORE RESEARCH CENTER, INC. 11
Sep Corn(CBOT) - Dec Corn(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Corn(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Cor
n: S
epte
mbe
r Se
ason
al P
atte
rns
Sep Corn(CBOT) - Mar Corn(CBOT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Corn(CBOT) - May Corn(CBOT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
12 HISTORICAL GRAINS REPORT
Weekly Sep Corn(CBOT) - Dec Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
Weekly Sep Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
Weekly Sep Corn(CBOT) - Mar Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
Weekly Sep Corn(CBOT) - May Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00 C
orn:
Sep
tem
ber
Wee
klie
s
MOORE RESEARCH CENTER, INC. 13
Dec Corn(CBOT) - Mar Corn(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Corn(CBOT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Corn(CBOT) - May Corn(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Cor
n: D
ecem
ber
Seas
onal
Pat
tern
s
Dec Corn(CBOT) - Jul Corn(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
14 HISTORICAL GRAINS REPORT
Weekly Dec Corn(CBOT) - Mar Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-15.00
-10.00
-5.00
0.00
5.00
Weekly Dec Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
Weekly Dec Corn(CBOT) - May Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
Weekly Dec Corn(CBOT) - Jul Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00 C
orn:
Dec
embe
r W
eekl
ies
MOORE RESEARCH CENTER, INC. 15
Cor
n St
rate
gy S
umm
ary
Seasonal Corn and Spread StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
1 Buy Corn(CBOT)—September 1/29 2/14 93 14 1 15 230 14/17 17
2 Buy Corn(CBOT)—September 1/29 3/09 80 12 3 15 358 9/40 17
3 Sell Corn(CBOT)—December 4/06 4/28 100 15 0 15 417 18/23 18
4 Sell Corn(CBOT)—July * 4/07 6/30 80 12 3 15 803 9/85 18
5 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)
4/08 4/28 87 13 2 15 238 11/21 19
6 Sell Corn(CBOT)—December 4/09 4/17 100 15 0 15 223 25/9 19
7 Sell Corn(CBOT)—July 4/25 6/27 87 13 2 15 667 10/64 20
8 Buy "Red" Jul Corn(CBOT)Sell Sep Corn(CBOT)
4/26 8/06 87 13 2 15 570 6/103 20
9 Buy Corn(CBOT)—September 5/10 5/18 80 12 3 15 250 28/9 21
10 Buy Dec Corn(CBOT)Sell Jul Corn(CBOT)
5/19 6/14 93 14 1 15 238 9/27 21
11 Buy Dec Corn(CBOT)Sell Sep Corn(CBOT)
5/20 8/20 93 14 1 15 382 4/93 22
12 Sell Corn(CBOT)—September 5/21 6/29 87 13 2 15 719 18/40 22
13 Buy "Red" Jul Corn(CBOT)Sell Sep Corn(CBOT)
5/21 7/02 93 14 1 15 336 8/43 23
14 Sell Corn(CBOT)—July 6/02 6/29 87 13 2 15 661 24/28 23
15 Sell Corn(CBOT)—September 6/09 8/07 80 12 3 15 1075 18/60 24
16 Buy May Corn(CBOT)Sell Sep Corn(CBOT)
6/13 8/27 93 14 1 15 453 6/76 24
17 Buy May Corn(CBOT)Sell Dec Corn(CBOT)
6/13 9/21 100 15 0 15 221 2/101 25
18 Sell Corn(CBOT)—July 6/19 6/29 87 13 2 15 478 43/11 25
19 Sell Corn(CBOT)—September 7/12 8/01 80 12 3 15 547 26/21 26
20 Sell Corn(CBOT)—December 7/17 7/23 80 12 3 15 286 41/7 26
21 Sell Corn(CBOT)—December 8/24 9/16 87 13 2 15 388 16/24 27
22 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)
8/25 10/03 87 13 2 15 442 11/40 27
23 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)
9/03 10/05 87 13 2 15 347 11/33 28
24 Sell Corn(CBOT)—December 9/04 9/13 87 13 2 15 252 25/10 28
* Caution: Trade exit is during delivery period. Longs may be subject to delivery.
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259 or (541) 484-7256 - Fax: (541) 484-0243Website: http://www.mrci.com Email: [email protected]
16 HISTORICAL GRAINS REPORT
Cor
n St
rate
gy T
able
s
Corn(CBOT)—SeptemberBuy on approximately 01/29 - Exit on approximately 02/14 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/29/07 402.75 02/14/07 412.50 9.75 487.50 02/13/07 575.00 02/07/07 -187.502006 01/30/06 243.75 02/14/06 246.25 2.50 125.00 02/09/06 350.002005 01/31/05 219.25 02/14/05 222.25 3.00 150.00 02/14/05 150.00 02/04/05 -75.002004 01/29/04 272.00 02/13/04 284.25 12.25 612.50 02/11/04 750.002003 01/29/03 240.75 02/14/03 244.25 3.50 175.00 02/10/03 237.502002 01/29/02 225.25 02/14/02 226.50 1.25 62.50 02/13/02 100.00 02/06/02 -100.002001 01/29/01 233.25 02/14/01 236.00 2.75 137.50 02/06/01 237.50 01/31/01 -12.502000 01/31/00 240.25 02/14/00 244.50 4.25 212.50 02/10/00 350.001999 01/29/99 231.50 02/12/99 232.75 1.25 62.50 02/10/99 262.501998 01/29/98 284.75 02/13/98 285.25 0.50 25.00 02/10/98 75.00 02/06/98 -125.001997 01/29/97 266.25 02/14/97 268.00 1.75 87.50 02/12/97 87.50 02/03/97 -237.501996 01/29/96 310.25 02/14/96 323.00 12.75 637.50 02/14/96 637.501995 01/30/95 247.75 02/14/95 253.00 5.25 262.50 02/14/95 262.501994 01/31/94 279.00 02/14/94 289.00 10.00 500.00 02/11/94 500.001993 01/29/93 235.75 02/12/93 234.00 -1.75 -87.50 02/05/93 -162.50
Percentage Correct 93
Average Profit on Winning Trades 5.05 252.68 Winners 14
Average Loss on Trades -1.75 -87.50 Losers 1
Average Net Profit Per Trade 4.60 230.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Corn(CBOT)—SeptemberBuy on approximately 01/29 - Exit on approximately 03/09 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/29/07 402.75 03/09/07 416.75 14.00 700.00 02/22/07 1900.00 02/07/07 -187.502006 01/30/06 243.75 03/09/06 250.50 6.75 337.50 03/03/06 625.002005 01/31/05 219.25 03/09/05 230.00 10.75 537.50 02/28/05 800.00 02/04/05 -75.002004 01/29/04 272.00 03/09/04 297.75 25.75 1287.50 03/01/04 1375.002003 01/29/03 240.75 03/07/03 241.75 1.00 50.00 02/10/03 237.50 02/24/03 -275.002002 01/29/02 225.25 03/08/02 221.25 -4.00 -200.00 02/13/02 100.00 02/26/02 -325.002001 01/29/01 233.25 03/09/01 235.75 2.50 125.00 03/01/01 337.50 02/23/01 -25.002000 01/31/00 240.25 03/09/00 243.25 3.00 150.00 02/10/00 350.00 02/28/00 -200.001999 01/29/99 231.50 03/09/99 234.25 2.75 137.50 02/10/99 262.50 02/26/99 -362.501998 01/29/98 284.75 03/09/98 286.25 1.50 75.00 02/10/98 75.00 02/24/98 -337.501997 01/29/97 266.25 03/07/97 290.50 24.25 1212.50 03/06/97 1262.50 02/03/97 -237.501996 01/29/96 310.25 03/08/96 330.25 20.00 1000.00 02/27/96 1150.001995 01/30/95 247.75 03/09/95 255.00 7.25 362.50 03/09/95 362.501994 01/31/94 279.00 03/09/94 273.00 -6.00 -300.00 02/11/94 500.00 03/09/94 -300.001993 01/29/93 235.75 03/09/93 233.75 -2.00 -100.00 02/25/93 -225.00
Percentage Correct 80
Average Profit on Winning Trades 9.96 497.92 Winners 12
Average Loss on Trades -4.00 -200.00 Losers 3
Average Net Profit Per Trade 7.17 358.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 17
Cor
n St
rate
gy T
able
sCorn(CBOT)—December
Sell on approximately 04/06 - Exit on approximately 04/28 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 386.50 04/27/07 367.50 19.00 950.00 04/27/07 950.00 04/13/07 -425.002006 04/06/06 272.75 04/28/06 271.75 1.00 50.00 04/25/06 350.00 04/07/06 -87.502005 04/06/05 231.50 04/28/05 230.25 1.25 62.50 04/18/05 150.00 04/26/05 -312.502004 04/06/04 332.25 04/28/04 310.00 22.25 1112.50 04/21/04 1512.50 04/07/04 -212.502003 04/07/03 243.75 04/28/03 232.50 11.25 562.50 04/28/03 562.502002 04/08/02 223.00 04/26/02 219.50 3.50 175.00 04/19/02 300.002001 04/06/01 237.25 04/27/01 223.00 14.25 712.50 04/24/01 837.50 04/16/01 -87.502000 04/06/00 253.00 04/28/00 250.00 3.00 150.00 04/11/00 187.50 04/25/00 -225.001999 04/06/99 236.75 04/28/99 233.00 3.75 187.50 04/27/99 225.00 04/20/99 -387.501998 04/06/98 267.75 04/28/98 267.50 0.25 12.50 04/27/98 125.00 04/21/98 -225.001997 04/07/97 289.75 04/28/97 274.50 15.25 762.50 04/28/97 762.50 04/10/97 -125.001996 04/08/96 342.25 04/26/96 329.00 13.25 662.50 04/16/96 987.50 04/10/96 -225.001995 04/06/95 264.75 04/28/95 262.50 2.25 112.50 04/18/95 300.00 04/11/95 -75.001994 04/06/94 260.75 04/28/94 256.00 4.75 237.50 04/19/94 600.001993 04/06/93 246.25 04/28/93 236.25 10.00 500.00 04/27/93 500.00 04/12/93 -150.00
Percentage Correct 100
Average Profit on Winning Trades 8.33 416.67 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 8.33 416.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Corn(CBOT)—JulySell on approximately 04/07 - Exit on approximately 06/30 - Caution:
This Trade Enters Deliverable PeriodContract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 376.25 06/29/07 329.50 46.75 2337.50 06/29/07 2337.50 06/15/07 -2137.502006 04/07/06 254.50 06/30/06 235.50 19.00 950.00 06/26/06 1575.00 05/17/06 -425.002005 04/07/05 214.00 06/30/05 212.25 1.75 87.50 05/13/05 525.00 06/20/05 -1075.002004 04/07/04 337.50 06/30/04 257.50 80.00 4000.00 06/30/04 4000.00 04/08/04 -12.502003 04/07/03 244.50 06/30/03 228.50 16.00 800.00 06/30/03 800.00 05/15/03 -562.502002 04/08/02 208.00 06/28/02 225.50 -17.50 -875.00 04/29/02 387.50 06/27/02 -900.002001 04/09/01 218.50 06/29/01 188.75 29.75 1487.50 06/25/01 1700.00 04/16/01 -87.502000 04/07/00 237.75 06/30/00 187.38 50.38 2518.75 06/30/00 2518.75 05/03/00 -650.001999 04/07/99 223.50 06/30/99 211.25 12.25 612.50 06/29/99 662.50 04/20/99 -312.501998 04/07/98 255.25 06/30/98 245.25 10.00 500.00 06/10/98 1175.00 05/06/98 -287.501997 04/07/97 303.00 06/30/97 248.00 55.00 2750.00 06/27/97 2837.50 04/14/97 -162.501996 04/08/96 425.50 06/28/96 516.25 -90.75 -4537.50 04/09/96 225.00 06/28/96 -4537.501995 04/07/95 256.75 06/30/95 272.00 -15.25 -762.50 04/18/95 300.00 06/19/95 -1350.001994 04/07/94 278.25 06/30/94 249.25 29.00 1450.00 06/29/94 1600.00 06/17/94 -250.001993 04/07/93 237.25 06/30/93 222.75 14.50 725.00 06/15/93 1225.00 04/12/93 -87.50
Percentage Correct 80
Average Profit on Winning Trades 30.36 1518.23 Winners 12
Average Loss on Trades -41.17 -2058.33 Losers 3
Average Net Profit Per Trade 16.06 802.92 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
18 HISTORICAL GRAINS REPORT
Buy "Red" Dec Corn(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 04/08 - Exit on approximately 04/28
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 04/09/07 10.50 04/27/07 12.25 1.75 87.50 04/23/07 262.50 04/13/07 -287.502007 04/10/06 14.50 04/28/06 23.50 9.00 450.00 04/25/06 487.502006 04/08/05 15.50 04/28/05 16.75 1.25 62.50 04/18/05 100.00 04/21/05 -162.502005 04/08/04 -49.50 04/28/04 -34.75 14.75 737.50 04/26/04 1112.502004 04/08/03 -0.50 04/28/03 10.00 10.50 525.00 04/25/03 525.002003 04/08/02 20.75 04/26/02 18.75 -2.00 -100.00 04/10/02 75.00 04/25/02 -125.002002 04/09/01 24.25 04/27/01 31.25 7.00 350.00 04/27/01 350.002001 04/10/00 12.50 04/28/00 15.50 3.00 150.00 04/28/00 150.002000 04/08/99 19.50 04/28/99 19.75 0.25 12.50 04/12/99 100.00 04/19/99 -75.001999 04/08/98 3.25 04/28/98 6.25 3.00 150.00 04/22/98 150.00 04/09/98 -87.501998 04/08/97 -8.25 04/28/97 -3.50 4.75 237.50 04/28/97 237.50 04/10/97 -100.001997 04/08/96 -48.25 04/26/96 -37.00 11.25 562.50 04/16/96 737.501996 04/10/95 -7.75 04/28/95 -9.25 -1.50 -75.00 04/17/95 87.50 04/26/95 -100.001995 04/08/94 -7.25 04/28/94 -4.50 2.75 137.50 04/19/94 350.001994 04/08/93 5.25 04/28/93 10.75 5.50 275.00 04/27/93 300.00 04/16/93 -112.50
Percentage Correct 87
Average Profit on Winning Trades 5.75 287.50 Winners 13
Average Loss on Trades -1.75 -87.50 Losers 2
Average Net Profit Per Trade 4.75 237.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
n St
rate
gy T
able
s
Corn(CBOT)—DecemberSell on approximately 04/09 - Exit on approximately 04/17 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 386.50 04/17/07 379.50 7.00 350.00 04/17/07 350.00 04/13/07 -425.002006 04/10/06 272.75 04/17/06 269.25 3.50 175.00 04/13/06 212.50 04/11/06 -50.002005 04/11/05 230.75 04/15/05 230.25 0.50 25.00 04/13/05 25.00 04/14/05 -37.502004 04/12/04 326.50 04/16/04 311.00 15.50 775.00 04/15/04 1100.002003 04/09/03 242.25 04/17/03 240.50 1.75 87.50 04/14/03 212.502002 04/09/02 222.75 04/17/02 221.00 1.75 87.50 04/15/02 250.002001 04/09/01 237.25 04/17/01 235.75 1.50 75.00 04/10/01 75.00 04/16/01 -87.502000 04/10/00 252.50 04/17/00 250.75 1.75 87.50 04/11/00 162.50 04/13/00 -62.501999 04/09/99 239.00 04/16/99 238.75 0.25 12.50 04/12/99 225.00 04/15/99 -75.001998 04/09/98 271.25 04/17/98 270.25 1.00 50.00 04/14/98 275.001997 04/09/97 289.00 04/17/97 282.75 6.25 312.50 04/16/97 350.00 04/10/97 -162.501996 04/09/96 339.50 04/17/96 326.00 13.50 675.00 04/16/96 850.00 04/10/96 -362.501995 04/10/95 265.50 04/17/95 259.50 6.00 300.00 04/17/95 300.00 04/11/95 -37.501994 04/11/94 255.50 04/15/94 254.75 0.75 37.50 04/14/94 112.50 04/13/94 -100.001993 04/12/93 249.25 04/16/93 243.50 5.75 287.50 04/16/93 287.50
Percentage Correct 100
Average Profit on Winning Trades 4.45 222.50 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 4.45 222.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 19
Corn(CBOT)—JulySell on approximately 04/25 - Exit on approximately 06/27 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/25/07 381.75 06/27/07 343.75 38.00 1900.00 06/27/07 1900.00 06/15/07 -1862.502006 04/25/06 242.25 06/27/06 225.25 17.00 850.00 06/26/06 962.50 05/17/06 -1037.502005 04/25/05 222.25 06/27/05 221.50 0.75 37.50 05/13/05 937.50 06/20/05 -662.502004 04/26/04 307.25 06/25/04 276.25 31.00 1550.00 06/22/04 1975.00 05/03/04 -837.502003 04/25/03 234.00 06/27/03 233.50 0.50 25.00 04/28/03 137.50 05/15/03 -1087.502002 04/25/02 203.00 06/27/02 226.00 -23.00 -1150.00 04/29/02 137.50 06/27/02 -1150.002001 04/25/01 203.50 06/27/01 188.00 15.50 775.00 06/25/01 950.00 05/04/01 -325.002000 04/25/00 239.50 06/27/00 196.75 42.75 2137.50 06/26/00 2262.50 05/03/00 -562.501999 04/26/99 221.50 06/25/99 214.25 7.25 362.50 05/24/99 487.50 05/13/99 -125.001998 04/27/98 254.75 06/26/98 250.50 4.25 212.50 06/10/98 1150.00 05/06/98 -312.501997 04/25/97 294.50 06/27/97 246.25 48.25 2412.50 06/27/97 2412.50 05/01/97 -112.501996 04/25/96 482.00 06/27/96 481.50 0.50 25.00 06/05/96 2350.00 05/17/96 -1125.001995 04/25/95 255.25 06/27/95 263.50 -8.25 -412.50 05/15/95 25.00 06/19/95 -1425.001994 04/25/94 262.00 06/27/94 248.50 13.50 675.00 06/27/94 675.00 06/17/94 -1062.501993 04/26/93 231.00 06/25/93 219.00 12.00 600.00 06/15/93 912.50 05/03/93 -112.50
Percentage Correct 87
Average Profit on Winning Trades 17.79 889.42 Winners 13
Average Loss on Trades -15.63 -781.25 Losers 2
Average Net Profit Per Trade 13.33 666.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
n St
rate
gy T
able
s
Buy "Red" Jul Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 04/26 - Exit on approximately 08/06
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 04/26/07 19.50 08/06/07 52.75 33.25 1662.50 08/01/07 1662.50 06/15/07 -200.002007 04/26/06 30.75 08/04/06 49.25 18.50 925.00 07/26/06 937.50 04/28/06 -25.002006 04/26/05 24.00 08/05/05 32.25 8.25 412.50 08/05/05 412.50 07/18/05 -362.502005 04/26/04 3.00 08/06/04 30.75 27.75 1387.50 08/06/04 1387.50 04/30/04 -112.502004 04/28/03 13.50 08/06/03 24.75 11.25 562.50 08/01/03 625.00 05/15/03 -262.502003 04/26/02 28.25 08/06/02 19.00 -9.25 -462.50 05/06/02 37.50 08/05/02 -487.502002 04/26/01 32.50 08/06/01 33.00 0.50 25.00 05/30/01 237.50 07/17/01 -237.502001 04/26/00 26.25 08/04/00 38.75 12.50 625.00 08/02/00 650.00 05/05/00 -262.502000 04/26/99 25.75 08/06/99 29.75 4.00 200.00 07/15/99 487.50 04/29/99 -75.001999 04/27/98 21.25 08/06/98 34.25 13.00 650.00 08/06/98 650.001998 04/28/97 7.00 08/06/97 16.75 9.75 487.50 07/28/97 575.001997 04/26/96 -42.50 08/06/96 -12.50 30.00 1500.00 07/22/96 1662.50 05/17/96 -987.501996 04/26/95 15.75 08/04/95 11.50 -4.25 -212.50 05/16/95 37.50 07/25/95 -525.001995 04/26/94 6.75 08/05/94 22.00 15.25 762.50 08/01/94 875.00 06/01/94 -212.501994 04/26/93 18.75 08/06/93 19.25 0.50 25.00 06/21/93 350.00 07/26/93 -162.50
Percentage Correct 87
Average Profit on Winning Trades 14.19 709.62 Winners 13
Average Loss on Trades -6.75 -337.50 Losers 2
Average Net Profit Per Trade 11.40 570.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
20 HISTORICAL GRAINS REPORT
Corn(CBOT)—SeptemberBuy on approximately 05/10 - Exit on approximately 05/18 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/10/07 357.50 05/18/07 369.00 11.50 575.00 05/16/07 1000.002006 05/10/06 251.25 05/18/06 271.25 20.00 1000.00 05/17/06 1137.502005 05/10/05 216.25 05/18/05 219.00 2.75 137.50 05/18/05 137.50 05/13/05 -225.002004 05/10/04 294.75 05/18/04 286.25 -8.50 -425.00 05/11/04 25.00 05/18/04 -425.002003 05/12/03 248.50 05/16/03 250.50 2.00 100.00 05/15/03 175.00 05/14/03 -62.502002 05/10/02 212.50 05/17/02 215.25 2.75 137.50 05/15/02 500.002001 05/10/01 206.00 05/18/01 207.75 1.75 87.50 05/14/01 175.00 05/11/01 -62.502000 05/10/00 251.75 05/18/00 246.25 -5.50 -275.00 05/12/00 100.00 05/17/00 -425.001999 05/10/99 225.75 05/18/99 226.25 0.50 25.00 05/13/99 125.001998 05/11/98 254.50 05/18/98 253.50 -1.00 -50.00 05/13/98 50.00 05/12/98 -125.001997 05/12/97 268.25 05/16/97 269.00 0.75 37.50 05/16/97 37.50 05/15/97 -50.001996 05/10/96 401.50 05/17/96 430.75 29.25 1462.50 05/16/96 1550.001995 05/10/95 262.75 05/18/95 265.75 3.00 150.00 05/18/95 150.00 05/15/95 -175.001994 05/10/94 249.75 05/18/94 263.50 13.75 687.50 05/18/94 687.501993 05/10/93 231.75 05/18/93 233.75 2.00 100.00 05/12/93 275.00
Percentage Correct 80
Average Profit on Winning Trades 7.50 375.00 Winners 12
Average Loss on Trades -5.00 -250.00 Losers 3
Average Net Profit Per Trade 5.00 250.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
n St
rate
gy T
able
s
Buy Dec Corn(CBOT) / Sell Jul Corn(CBOT)Enter on approximately 05/19 - Exit on approximately 06/14
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 -0.75 06/14/07 8.00 8.75 437.50 06/12/07 637.50 05/31/07 -237.502006 05/19/06 24.50 06/14/06 25.25 0.75 37.50 06/01/06 87.50 05/22/06 -12.502005 05/19/05 18.25 06/14/05 19.75 1.50 75.00 06/10/05 100.00 05/23/05 -112.502004 05/19/04 -8.75 06/14/04 6.25 15.00 750.00 06/14/04 750.00 05/20/04 -50.002003 05/19/03 -2.25 06/13/03 0.00 2.25 112.50 06/05/03 150.002002 05/20/02 15.00 06/14/02 16.25 1.25 62.50 05/30/02 100.002001 05/21/01 18.50 06/14/01 18.75 0.25 12.50 06/04/01 37.50 06/08/01 -12.502000 05/19/00 18.75 06/14/00 20.00 1.25 62.50 06/09/00 75.00 05/24/00 -25.001999 05/19/99 13.25 06/14/99 13.50 0.25 12.50 05/24/99 62.501998 05/19/98 12.75 06/12/98 8.50 -4.25 -212.50 06/05/98 -337.501997 05/19/97 -19.00 06/13/97 -17.50 1.50 75.00 05/27/97 337.501996 05/20/96 -153.50 06/14/96 -116.50 37.00 1850.00 06/05/96 2962.50 05/21/96 -287.501995 05/19/95 8.75 06/14/95 11.50 2.75 137.50 06/07/95 175.001994 05/19/94 -11.50 06/14/94 -10.25 1.25 62.50 05/23/94 187.50 06/07/94 -137.501993 05/19/93 10.50 06/14/93 12.50 2.00 100.00 06/09/93 125.00
Percentage Correct 93
Average Profit on Winning Trades 5.41 270.54 Winners 14
Average Loss on Trades -4.25 -212.50 Losers 1
Average Net Profit Per Trade 4.77 238.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 21
Buy Dec Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 05/20 - Exit on approximately 08/20
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 -1.00 08/20/07 17.00 18.00 900.00 08/13/07 950.00 05/31/07 -287.502006 05/22/06 13.25 08/18/06 16.00 2.75 137.50 08/01/06 200.002005 05/20/05 9.75 08/19/05 13.25 3.50 175.00 08/05/05 212.50 05/23/05 -75.002004 05/20/04 -3.00 08/20/04 10.50 13.50 675.00 08/10/04 712.50 05/21/04 -37.502003 05/20/03 0.25 08/20/03 9.50 9.25 462.50 08/12/03 487.50 06/30/03 -12.502002 05/20/02 9.00 08/20/02 11.25 2.25 112.50 08/13/02 137.50 06/11/02 -25.002001 05/21/01 10.75 08/20/01 12.50 1.75 87.50 08/16/01 87.50 06/21/01 -25.002000 05/22/00 10.25 08/18/00 12.50 2.25 112.50 08/09/00 112.50 05/26/00 -12.501999 05/20/99 8.50 08/20/99 12.75 4.25 212.50 08/13/99 237.50 06/24/99 -50.001998 05/20/98 6.00 08/20/98 9.75 3.75 187.50 08/18/98 225.00 06/08/98 -150.001997 05/20/97 -2.50 08/20/97 3.75 6.25 312.50 08/13/97 337.50 06/16/97 -87.501996 05/20/96 -69.25 08/20/96 -24.50 44.75 2237.50 08/19/96 2325.001995 05/22/95 4.00 08/18/95 -2.25 -6.25 -312.50 06/07/95 75.00 08/17/95 -325.001994 05/20/94 -5.50 08/19/94 2.75 8.25 412.50 08/03/94 500.00 06/07/94 -150.001993 05/20/93 6.25 08/20/93 6.50 0.25 12.50 07/01/93 200.00 08/16/93 -87.50
Percentage Correct 93
Average Profit on Winning Trades 8.63 431.25 Winners 14
Average Loss on Trades -6.25 -312.50 Losers 1
Average Net Profit Per Trade 7.63 381.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
n St
rate
gy T
able
s
Corn(CBOT)—SeptemberSell on approximately 05/21 - Exit on approximately 06/29 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 381.25 06/29/07 340.00 41.25 2062.50 06/29/07 2062.50 06/15/07 -2237.502006 05/22/06 265.50 06/29/06 239.75 25.75 1287.50 06/26/06 1550.00 06/02/06 -275.002005 05/23/05 232.25 06/29/05 226.00 6.25 312.50 06/10/05 600.00 06/20/05 -650.002004 05/21/04 284.75 06/29/04 272.50 12.25 612.50 06/22/04 612.50 06/01/04 -1750.002003 05/21/03 243.75 06/27/03 229.75 14.00 700.00 06/26/03 787.50 06/12/03 -62.502002 05/21/02 217.00 06/28/02 233.00 -16.00 -800.00 05/24/02 275.00 06/27/02 -837.502001 05/21/01 201.75 06/29/01 197.25 4.50 225.00 06/25/01 462.50 06/01/01 -250.002000 05/22/00 249.50 06/29/00 203.75 45.75 2287.50 06/28/00 2425.001999 05/21/99 224.00 06/29/99 215.00 9.00 450.00 06/28/99 487.50 06/08/99 -225.001998 05/21/98 252.50 06/29/98 246.75 5.75 287.50 06/10/98 850.00 06/24/98 -662.501997 05/21/97 263.50 06/27/97 236.25 27.25 1362.50 06/27/97 1362.501996 05/21/96 405.75 06/28/96 397.75 8.00 400.00 06/05/96 1625.00 05/24/96 -362.501995 05/22/95 267.25 06/29/95 273.00 -5.75 -287.50 06/19/95 -1112.501994 05/23/94 272.25 06/29/94 243.00 29.25 1462.50 06/27/94 1462.50 06/17/94 -337.501993 05/21/93 233.00 06/29/93 224.50 8.50 425.00 06/15/93 712.50
Percentage Correct 87
Average Profit on Winning Trades 18.27 913.46 Winners 13
Average Loss on Trades -10.88 -543.75 Losers 2
Average Net Profit Per Trade 14.38 719.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
22 HISTORICAL GRAINS REPORT
Buy "Red" Jul Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 05/21 - Exit on approximately 07/02
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 05/21/07 20.75 07/02/07 42.25 21.50 1075.00 06/29/07 1100.00 06/15/07 -262.502007 05/22/06 35.50 06/30/06 42.25 6.75 337.50 06/23/06 462.502006 05/23/05 24.50 07/01/05 25.75 1.25 62.50 06/13/05 137.50 06/24/05 -175.002005 05/21/04 3.75 07/02/04 19.25 15.50 775.00 07/01/04 787.502004 05/21/03 12.25 07/02/03 16.75 4.50 225.00 07/02/03 225.00 05/30/03 -37.502003 05/21/02 23.00 07/02/02 24.75 1.75 87.50 05/28/02 87.50 06/27/02 -162.502002 05/21/01 35.75 07/02/01 36.75 1.00 50.00 05/30/01 75.00 06/21/01 -62.502001 05/22/00 25.75 06/30/00 36.25 10.50 525.00 06/30/00 525.002000 05/21/99 25.75 07/02/99 32.00 6.25 312.50 07/02/99 312.50 06/22/99 -37.501999 05/21/98 23.00 07/02/98 23.75 0.75 37.50 06/30/98 100.00 06/05/98 -87.501998 05/21/97 12.25 07/02/97 17.00 4.75 237.50 06/30/97 287.50 06/12/97 -100.001997 05/21/96 -57.25 07/02/96 -36.25 21.00 1050.00 06/20/96 1625.001996 05/22/95 14.75 06/30/95 11.25 -3.50 -175.00 06/19/95 -325.001995 05/23/94 6.00 07/01/94 13.50 7.50 375.00 07/01/94 375.00 06/01/94 -175.001994 05/21/93 21.00 07/02/93 22.25 1.25 62.50 06/21/93 237.50
Percentage Correct 93
Average Profit on Winning Trades 7.45 372.32 Winners 14
Average Loss on Trades -3.50 -175.00 Losers 1
Average Net Profit Per Trade 6.72 335.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
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s
Corn(CBOT)—JulySell on approximately 06/02 - Exit on approximately 06/29 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/04/07 383.75 06/29/07 329.50 54.25 2712.50 06/29/07 2712.50 06/15/07 -1762.502006 06/02/06 259.50 06/29/06 228.50 31.00 1550.00 06/26/06 1825.002005 06/02/05 217.00 06/29/05 216.50 0.50 25.00 06/10/05 350.00 06/20/05 -925.002004 06/02/04 321.75 06/29/04 268.00 53.75 2687.50 06/22/04 2700.002003 06/02/03 241.50 06/27/03 233.50 8.00 400.00 06/26/03 425.00 06/12/03 -275.002002 06/03/02 209.50 06/28/02 225.50 -16.00 -800.00 06/11/02 262.50 06/27/02 -825.002001 06/04/01 195.75 06/29/01 188.75 7.00 350.00 06/25/01 562.50 06/11/01 -150.002000 06/02/00 229.00 06/29/00 194.75 34.25 1712.50 06/28/00 1812.501999 06/02/99 216.75 06/29/99 210.25 6.50 325.00 06/29/99 325.00 06/03/99 -325.001998 06/02/98 240.50 06/29/98 238.50 2.00 100.00 06/10/98 437.50 06/24/98 -962.501997 06/02/97 274.00 06/27/97 246.25 27.75 1387.50 06/27/97 1387.50 06/03/97 -175.001996 06/03/96 465.25 06/28/96 516.25 -51.00 -2550.00 06/05/96 1512.50 06/28/96 -2550.001995 06/02/95 272.25 06/29/95 268.25 4.00 200.00 06/27/95 437.50 06/19/95 -575.001994 06/02/94 281.00 06/29/94 246.25 34.75 1737.50 06/29/94 1737.50 06/17/94 -112.501993 06/02/93 219.25 06/29/93 217.75 1.50 75.00 06/15/93 325.00 06/07/93 -137.50
Percentage Correct 87
Average Profit on Winning Trades 20.40 1020.19 Winners 13
Average Loss on Trades -33.50 -1675.00 Losers 2
Average Net Profit Per Trade 13.22 660.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 23
Corn(CBOT)—SeptemberSell on approximately 06/09 - Exit on approximately 08/07 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/11/07 405.00 08/07/07 335.25 69.75 3487.50 07/23/07 4750.00 06/15/07 -1050.002006 06/09/06 253.75 08/07/06 239.75 14.00 700.00 06/26/06 962.50 07/12/06 -725.002005 06/09/05 225.00 08/05/05 220.50 4.50 225.00 06/10/05 237.50 07/18/05 -1750.002004 06/09/04 302.25 08/06/04 225.75 76.50 3825.00 07/30/04 4250.002003 06/09/03 235.00 08/07/03 212.25 22.75 1137.50 07/23/03 1475.00 06/12/03 -500.002002 06/10/02 214.00 08/07/02 249.00 -35.00 -1750.00 06/11/02 125.00 08/05/02 -1975.002001 06/11/01 206.50 08/07/01 216.00 -9.50 -475.00 06/25/01 700.00 07/12/01 -1387.502000 06/09/00 228.50 08/07/00 177.75 50.75 2537.50 08/07/00 2537.501999 06/09/99 226.25 08/06/99 223.50 2.75 137.50 07/13/99 2012.501998 06/09/98 236.25 08/07/98 211.25 25.00 1250.00 08/06/98 1300.00 06/24/98 -1475.001997 06/09/97 261.00 08/07/97 250.00 11.00 550.00 07/07/97 1587.50 08/01/97 -375.001996 06/10/96 400.00 08/07/96 344.75 55.25 2762.50 08/07/96 2762.50 07/12/96 -1425.001995 06/09/95 276.00 08/07/95 273.25 2.75 137.50 06/27/95 387.50 07/25/95 -1000.001994 06/09/94 265.50 08/05/94 217.25 48.25 2412.50 07/21/94 2525.00 06/17/94 -675.001993 06/09/93 224.75 08/06/93 241.00 -16.25 -812.50 06/15/93 300.00 07/06/93 -1225.00
Percentage Correct 80
Average Profit on Winning Trades 31.94 1596.88 Winners 12
Average Loss on Trades -20.25 -1012.50 Losers 3
Average Net Profit Per Trade 21.50 1075.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
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s
Buy May Corn(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 06/13 - Exit on approximately 08/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 06/13/07 20.25 08/27/07 43.00 22.75 1137.50 08/13/07 1162.50 06/15/07 -362.502007 06/13/06 32.00 08/25/06 41.00 9.00 450.00 08/15/06 450.00 06/14/06 -25.002006 06/13/05 23.00 08/26/05 30.25 7.25 362.50 08/26/05 362.50 07/15/05 -412.502005 06/14/04 10.75 08/27/04 22.75 12.00 600.00 08/12/04 762.50 06/16/04 -12.502004 06/13/03 11.50 08/27/03 17.50 6.00 300.00 08/08/03 525.00 06/18/03 -50.002003 06/13/02 19.00 08/27/02 19.25 0.25 12.50 07/02/02 125.00 08/14/02 -112.502002 06/13/01 28.75 08/27/01 29.50 0.75 37.50 08/24/01 75.00 07/17/01 -200.002001 06/13/00 27.00 08/25/00 31.50 4.50 225.00 08/02/00 262.502000 06/14/99 22.25 08/27/99 30.25 8.00 400.00 08/27/99 400.00 06/21/99 -50.001999 06/15/98 17.75 08/27/98 30.75 13.00 650.00 08/27/98 650.00 06/18/98 -12.501998 06/13/97 6.50 08/27/97 17.00 10.50 525.00 08/22/97 612.501997 06/13/96 -38.75 08/27/96 -9.25 29.50 1475.00 08/27/96 1475.00 07/08/96 -187.501996 06/13/95 10.75 08/25/95 8.75 -2.00 -100.00 06/27/95 50.00 07/25/95 -312.501995 06/13/94 3.50 08/26/94 17.25 13.75 687.50 08/11/94 825.001994 06/14/93 19.75 08/27/93 20.50 0.75 37.50 06/21/93 100.00 07/26/93 -200.00
Percentage Correct 93
Average Profit on Winning Trades 9.86 492.86 Winners 14
Average Loss on Trades -2.00 -100.00 Losers 1
Average Net Profit Per Trade 9.07 453.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
24 HISTORICAL GRAINS REPORT
Buy May Corn(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 06/13 - Exit on approximately 09/21
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 06/13/07 17.75 09/21/07 24.75 7.00 350.00 09/17/07 487.50 06/15/07 -150.002007 06/13/06 18.25 09/21/06 19.75 1.50 75.00 08/15/06 312.50 06/16/06 -37.502006 06/13/05 13.00 09/21/05 20.25 7.25 362.50 09/21/05 362.50 07/15/05 -425.002005 06/14/04 8.50 09/21/04 16.50 8.00 400.00 09/17/04 412.502004 06/13/03 9.25 09/19/03 12.25 3.00 150.00 07/23/03 287.50 09/04/03 -112.502003 06/13/02 10.00 09/20/02 10.75 0.75 37.50 06/18/02 100.00 08/14/02 -250.002002 06/13/01 17.75 09/21/01 19.00 1.25 62.50 09/19/01 100.00 07/17/01 -237.502001 06/13/00 15.75 09/21/00 19.25 3.50 175.00 07/21/00 212.502000 06/14/99 13.50 09/21/99 17.75 4.25 212.50 07/09/99 262.50 06/18/99 -12.501999 06/15/98 13.25 09/21/98 20.25 7.00 350.00 09/17/98 362.50 06/24/98 -75.001998 06/13/97 10.50 09/19/97 14.25 3.75 187.50 07/25/97 200.001997 06/13/96 6.25 09/20/96 13.75 7.50 375.00 07/22/96 475.00 06/17/96 -12.501996 06/13/95 5.75 09/21/95 9.75 4.00 200.00 09/14/95 275.00 06/14/95 -75.001995 06/13/94 9.75 09/21/94 17.00 7.25 362.50 09/19/94 375.00 06/17/94 -50.001994 06/14/93 12.75 09/21/93 13.00 0.25 12.50 09/01/93 87.50 07/16/93 -187.50
Percentage Correct 100
Average Profit on Winning Trades 4.42 220.83 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 4.42 220.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
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Corn(CBOT)—JulySell on approximately 06/19 - Exit on approximately 06/29 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/19/07 396.00 06/29/07 329.50 66.50 3325.00 06/29/07 3325.002006 06/19/06 229.75 06/29/06 228.50 1.25 62.50 06/26/06 337.50 06/21/06 -150.002005 06/20/05 235.50 06/29/05 216.50 19.00 950.00 06/29/05 950.002004 06/21/04 274.50 06/29/04 268.00 6.50 325.00 06/22/04 337.50 06/25/04 -87.502003 06/19/03 244.50 06/27/03 233.50 11.00 550.00 06/26/03 575.002002 06/19/02 208.75 06/28/02 225.50 -16.75 -837.50 06/27/02 -862.502001 06/19/01 193.00 06/29/01 188.75 4.25 212.50 06/25/01 425.002000 06/19/00 205.50 06/29/00 194.75 10.75 537.50 06/28/00 637.501999 06/21/99 219.25 06/29/99 210.25 9.00 450.00 06/29/99 450.001998 06/19/98 253.50 06/29/98 238.50 15.00 750.00 06/29/98 750.00 06/24/98 -312.501997 06/19/97 265.25 06/27/97 246.25 19.00 950.00 06/27/97 950.00 06/20/97 -12.501996 06/19/96 473.50 06/28/96 516.25 -42.75 -2137.50 06/24/96 362.50 06/28/96 -2137.501995 06/19/95 283.75 06/29/95 268.25 15.50 775.00 06/27/95 1012.501994 06/20/94 271.25 06/29/94 246.25 25.00 1250.00 06/29/94 1250.001993 06/21/93 218.00 06/29/93 217.75 0.25 12.50 06/29/93 12.50 06/24/93 -100.00
Percentage Correct 87
Average Profit on Winning Trades 15.62 780.77 Winners 13
Average Loss on Trades -29.75 -1487.50 Losers 2
Average Net Profit Per Trade 9.57 478.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 25
Cor
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able
sCorn(CBOT)—September
Sell on approximately 07/12 - Exit on approximately 08/01 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/12/07 351.50 08/01/07 319.00 32.50 1625.00 07/23/07 2075.00 07/13/07 -162.502006 07/12/06 268.25 08/01/06 240.50 27.75 1387.50 07/26/06 1612.502005 07/12/05 235.50 08/01/05 231.75 3.75 187.50 07/25/05 250.00 07/18/05 -1225.002004 07/12/04 248.00 07/30/04 217.25 30.75 1537.50 07/30/04 1537.502003 07/14/03 212.00 08/01/03 206.75 5.25 262.50 07/23/03 325.002002 07/12/02 222.50 08/01/02 249.25 -26.75 -1337.50 07/24/02 -1337.502001 07/12/01 234.25 08/01/01 215.25 19.00 950.00 07/20/01 1262.502000 07/12/00 185.75 08/01/00 179.75 6.00 300.00 07/17/00 325.00 07/21/00 -100.001999 07/12/99 186.75 07/30/99 203.25 -16.50 -825.00 07/13/99 37.50 07/23/99 -1262.501998 07/13/98 239.50 07/31/98 217.50 22.00 1100.00 07/31/98 1100.001997 07/14/97 248.50 08/01/97 268.50 -20.00 -1000.00 07/25/97 262.50 08/01/97 -1000.001996 07/12/96 428.50 08/01/96 360.50 68.00 3400.00 07/26/96 3925.001995 07/12/95 287.00 08/01/95 282.50 4.50 225.00 07/31/95 262.50 07/25/95 -450.001994 07/12/94 225.25 08/01/94 217.75 7.50 375.00 07/21/94 512.50 07/13/94 -100.001993 07/12/93 236.00 07/30/93 235.75 0.25 12.50 07/13/93 37.50 07/27/93 -425.00
Percentage Correct 80
Average Profit on Winning Trades 18.94 946.88 Winners 12
Average Loss on Trades -21.08 -1054.17 Losers 3
Average Net Profit Per Trade 10.93 546.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Corn(CBOT)—DecemberSell on approximately 07/17 - Exit on approximately 07/23 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/17/07 336.75 07/23/07 325.50 11.25 562.50 07/23/07 562.50 07/18/07 -287.502006 07/17/06 268.00 07/21/06 253.50 14.50 725.00 07/21/06 725.002005 07/18/05 270.00 07/22/05 244.75 25.25 1262.50 07/21/05 1262.502004 07/19/04 245.00 07/23/04 232.00 13.00 650.00 07/22/04 862.502003 07/17/03 211.75 07/23/03 211.50 0.25 12.50 07/18/03 37.50 07/21/03 -100.002002 07/17/02 241.50 07/23/02 251.25 -9.75 -487.50 07/22/02 -725.002001 07/17/01 236.50 07/23/01 220.75 15.75 787.50 07/20/01 800.002000 07/17/00 191.25 07/21/00 199.75 -8.50 -425.00 07/21/00 -425.001999 07/19/99 203.25 07/23/99 224.50 -21.25 -1062.50 07/23/99 -1062.501998 07/17/98 242.25 07/23/98 231.50 10.75 537.50 07/23/98 537.501997 07/17/97 248.50 07/23/97 247.75 0.75 37.50 07/21/97 87.50 07/18/97 -275.001996 07/17/96 355.00 07/23/96 331.25 23.75 1187.50 07/22/96 1312.501995 07/17/95 296.50 07/21/95 294.25 2.25 112.50 07/20/95 337.501994 07/18/94 224.75 07/22/94 217.75 7.00 350.00 07/22/94 350.001993 07/19/93 252.00 07/23/93 251.25 0.75 37.50 07/21/93 125.00
Percentage Correct 80
Average Profit on Winning Trades 10.44 521.88 Winners 12
Average Loss on Trades -13.17 -658.33 Losers 3
Average Net Profit Per Trade 5.72 285.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
26 HISTORICAL GRAINS REPORT
Corn(CBOT)—DecemberSell on approximately 08/24 - Exit on approximately 09/16 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/24/07 358.75 09/14/07 349.00 9.75 487.50 09/06/07 975.002006 08/24/06 244.25 09/15/06 241.75 2.50 125.00 09/14/06 350.00 08/31/06 -187.502005 08/24/05 222.25 09/16/05 206.25 16.00 800.00 09/16/05 800.002004 08/24/04 242.00 09/16/04 216.25 25.75 1287.50 09/16/04 1287.50 09/01/04 -37.502003 08/25/03 235.50 09/16/03 224.25 11.25 562.50 09/16/03 562.50 09/04/03 -575.002002 08/26/02 274.75 09/16/02 278.00 -3.25 -162.50 08/29/02 400.00 09/11/02 -887.502001 08/24/01 228.25 09/14/01 224.25 4.00 200.00 09/14/01 200.00 08/31/01 -200.002000 08/24/00 188.25 09/15/00 187.75 0.50 25.00 09/15/00 25.00 09/05/00 -487.501999 08/24/99 216.50 09/16/99 212.75 3.75 187.50 09/15/99 212.50 09/07/99 -437.501998 08/24/98 215.50 09/16/98 208.75 6.75 337.50 08/31/98 800.001997 08/25/97 276.25 09/16/97 263.50 12.75 637.50 09/08/97 662.501996 08/26/96 347.75 09/16/96 314.50 33.25 1662.50 09/16/96 1662.50 08/27/96 -50.001995 08/24/95 284.75 09/15/95 303.75 -19.00 -950.00 09/15/95 -950.001994 08/24/94 224.50 09/16/94 217.75 6.75 337.50 09/16/94 337.50 09/07/94 -162.501993 08/24/93 244.25 09/16/93 238.50 5.75 287.50 09/07/93 562.50
Percentage Correct 87
Average Profit on Winning Trades 10.67 533.65 Winners 13
Average Loss on Trades -11.13 -556.25 Losers 2
Average Net Profit Per Trade 7.77 388.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy "Red" Dec Corn(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 08/25 - Exit on approximately 10/03
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 08/27/07 43.50 10/03/07 51.00 7.50 375.00 09/06/07 500.00 09/27/07 -300.002007 08/25/06 52.00 10/03/06 41.75 -10.25 -512.50 09/21/06 -712.502006 08/25/05 32.00 10/03/05 42.50 10.50 525.00 09/30/05 550.002005 08/25/04 23.50 10/01/04 39.75 16.25 812.50 09/30/04 825.00 09/01/04 -125.002004 08/25/03 5.50 10/03/03 15.25 9.75 487.50 09/30/03 562.50 09/04/03 -425.002003 08/26/02 -23.00 10/03/02 -11.75 11.25 562.50 09/30/02 737.50 09/11/02 -562.502002 08/27/01 24.00 10/03/01 36.50 12.50 625.00 10/02/01 637.50 08/31/01 -137.502001 08/25/00 41.75 10/03/00 42.00 0.25 12.50 09/19/00 100.00 08/29/00 -37.502000 08/25/99 27.75 10/01/99 34.75 7.00 350.00 10/01/99 350.001999 08/25/98 34.25 10/02/98 39.25 5.00 250.00 09/15/98 400.001998 08/25/97 -6.00 10/03/97 9.50 15.50 775.00 09/30/97 962.501997 08/26/96 -46.50 10/03/96 -2.75 43.75 2187.50 10/03/96 2187.501996 08/25/95 -23.75 10/03/95 -33.75 -10.00 -500.00 09/29/95 -637.501995 08/25/94 23.50 10/03/94 31.00 7.50 375.00 10/03/94 375.00 09/06/94 -25.001994 08/25/93 -0.50 10/01/93 5.50 6.00 300.00 09/01/93 575.00
Percentage Correct 87
Average Profit on Winning Trades 11.75 587.50 Winners 13
Average Loss on Trades -10.13 -506.25 Losers 2
Average Net Profit Per Trade 8.83 441.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Cor
n St
rate
gy T
able
s
MOORE RESEARCH CENTER, INC. 27
Cor
n St
rate
gy T
able
sBuy "Red" Dec Corn(CBOT) / Sell Dec Corn(CBOT)
Enter on approximately 09/03 - Exit on approximately 10/05
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 09/04/07 48.00 10/05/07 51.25 3.25 162.50 09/06/07 275.00 09/27/07 -525.002007 09/05/06 49.75 10/05/06 37.00 -12.75 -637.50 10/05/06 -637.502006 09/06/05 37.25 10/05/05 44.00 6.75 337.50 10/05/05 337.502005 09/03/04 25.75 10/05/04 38.75 13.00 650.00 09/30/04 712.502004 09/03/03 -0.75 10/03/03 15.25 16.00 800.00 09/30/03 875.00 09/04/03 -112.502003 09/03/02 -20.50 10/04/02 -13.25 7.25 362.50 09/30/02 612.50 09/11/02 -687.502002 09/04/01 22.25 10/05/01 36.25 14.00 700.00 10/02/01 725.002001 09/05/00 41.50 10/05/00 42.25 0.75 37.50 09/19/00 112.50 09/11/00 -12.502000 09/03/99 28.50 10/05/99 35.75 7.25 362.50 10/05/99 362.50 09/07/99 -25.001999 09/03/98 39.25 10/05/98 40.25 1.00 50.00 09/15/98 150.00 09/29/98 -25.001998 09/03/97 1.25 10/03/97 9.50 8.25 412.50 09/30/97 600.001997 09/03/96 -38.50 10/04/96 -2.75 35.75 1787.50 10/03/96 1787.501996 09/05/95 -26.25 10/05/95 -33.75 -7.50 -375.00 09/11/95 87.50 09/29/95 -512.501995 09/06/94 23.00 10/05/94 32.00 9.00 450.00 10/04/94 450.001994 09/03/93 7.00 10/05/93 9.00 2.00 100.00 09/07/93 187.50 09/23/93 -275.00
Percentage Correct 87
Average Profit on Winning Trades 9.56 477.88 Winners 13
Average Loss on Trades -10.13 -506.25 Losers 2
Average Net Profit Per Trade 6.93 346.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Corn(CBOT)—DecemberSell on approximately 09/04 - Exit on approximately 09/13 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/04/07 353.25 09/13/07 346.75 6.50 325.00 09/06/07 700.00 09/12/07 -162.502006 09/05/06 244.25 09/13/06 237.75 6.50 325.00 09/12/06 325.00 09/08/06 -87.502005 09/06/05 221.25 09/13/05 210.00 11.25 562.50 09/13/05 562.502004 09/07/04 226.50 09/13/04 220.50 6.00 300.00 09/13/04 300.00 09/08/04 -12.502003 09/04/03 247.00 09/12/03 228.00 19.00 950.00 09/12/03 950.002002 09/04/02 278.50 09/13/02 276.25 2.25 112.50 09/13/02 112.50 09/11/02 -700.002001 09/04/01 231.25 09/13/01 229.50 1.75 87.50 09/07/01 275.002000 09/05/00 198.00 09/13/00 191.50 6.50 325.00 09/13/00 325.001999 09/07/99 225.25 09/13/99 216.00 9.25 462.50 09/13/99 462.501998 09/04/98 208.00 09/11/98 207.75 0.25 12.50 09/11/98 12.50 09/08/98 -250.001997 09/04/97 269.75 09/12/97 264.25 5.50 275.00 09/08/97 337.50 09/11/97 -137.501996 09/04/96 333.50 09/13/96 321.50 12.00 600.00 09/13/96 600.00 09/05/96 -62.501995 09/05/95 293.00 09/13/95 299.50 -6.50 -325.00 09/06/95 100.00 09/13/95 -325.001994 09/06/94 226.75 09/13/94 225.75 1.00 50.00 09/09/94 137.50 09/07/94 -50.001993 09/07/93 233.00 09/13/93 238.75 -5.75 -287.50 09/13/93 -287.50
Percentage Correct 87
Average Profit on Winning Trades 6.75 337.50 Winners 13
Average Loss on Trades -6.13 -306.25 Losers 2
Average Net Profit Per Trade 5.03 251.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
28 HISTORICAL GRAINS REPORT
PageSEASONAL PATTERNS & WEEKLY CONTINUATIONS
Oats (O)
OH; OH vs: OK, ON, OU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
OK; OK vs: ON, OU, OZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
ON; ON vs: OU, OZ, OH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
OU; OU vs: OZ, OH, OK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
OZ; OZ vs: OH, OK, ON . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
STRATEGIESSeasonal Trade Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Seasonal Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Oat
s (O
)
Oats (O)
MOORE RESEARCH CENTER, INC. 29
Mar Oats(CBOT) - May Oats(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Oats(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Oats(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Oats(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Oat
s: M
arch
Sea
sona
l Pat
tern
s
30 HISTORICAL GRAINS REPORT
Weekly Mar Oats(CBOT) - May Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
Weekly Mar Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00
100.00
200.00
300.00
400.00
Weekly Mar Oats(CBOT) - Jul Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
Weekly Mar Oats(CBOT) - Sep Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00 O
ats:
Mar
ch W
eekl
ies
MOORE RESEARCH CENTER, INC. 31
May Oats(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Oats(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Oats(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Oat
s: M
ay S
easo
nal P
atte
rns
May Oats(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
32 HISTORICAL GRAINS REPORT
Weekly May Oats(CBOT) - Jul Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
Weekly May Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
Weekly May Oats(CBOT) - Sep Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
Weekly May Oats(CBOT) - Dec Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00 O
ats:
May
Wee
klie
s
MOORE RESEARCH CENTER, INC. 33
Jul Oats(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Oats(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Oats(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Oat
s: J
uly
Seas
onal
Pat
tern
s
Jul Oats(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93/94-07/08)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
34 HISTORICAL GRAINS REPORT
Weekly Jul Oats(CBOT) - Sep Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
Weekly Jul Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00
100.00
200.00
300.00
400.00
Weekly Jul Oats(CBOT) - Dec Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
Weekly Jul Oats(CBOT) - Mar Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00 O
ats:
Jul
y W
eekl
ies
MOORE RESEARCH CENTER, INC. 35
Sep Oats(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Oats(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Oats(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Oat
s: S
epte
mbe
r Se
ason
al P
atte
rns
Sep Oats(CBOT) - May Oats(CBOT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
36 HISTORICAL GRAINS REPORT
Weekly Sep Oats(CBOT) - Dec Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
Weekly Sep Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00
100.00
200.00
300.00
400.00
Weekly Sep Oats(CBOT) - Mar Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
Weekly Sep Oats(CBOT) - May Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00 O
ats:
Sep
tem
ber
Wee
klie
s
MOORE RESEARCH CENTER, INC. 37
Dec Oats(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Oats(CBOT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Oats(CBOT) - May Oats(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Oat
s: D
ecem
ber
Seas
onal
Pat
tern
s
Dec Oats(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
38 HISTORICAL GRAINS REPORT
Weekly Dec Oats(CBOT) - Mar Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
Weekly Dec Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 20070.00
100.00
200.00
300.00
Weekly Dec Oats(CBOT) - May Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
Weekly Dec Oats(CBOT) - Jul Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00 O
ats:
Dec
embe
r W
eekl
ies
MOORE RESEARCH CENTER, INC. 39
Oat
s St
rate
gy S
umm
ary
Seasonal Oats StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
1 Sell Oats(CBOT)—May 1/03 2/16 93 14 1 15 343 8/45 41
2 Sell Oats(CBOT)—March 1/13 2/13 87 13 2 15 221 7/32 41
3 Sell Oats(CBOT)—July 3/29 5/22 80 12 3 15 427 8/55 42
4 Buy Dec Oats(CBOT)Sell May Oats(CBOT)
3/31 4/12 87 13 2 15 206 16/13 42
5 Buy Oats(CBOT)—July 5/27 6/03 87 13 2 15 258 32/8 43
6 Sell Oats(CBOT)—September 6/03 6/19 80 12 3 15 206 12/17 43
7 Sell Oats(CBOT)—December 7/31 8/05 87 13 2 15 204 34/6 44
8 Sell Oats(CBOT)—September 7/31 8/30 87 13 2 15 252 8/31 44
9 Buy Oats(CBOT)—December 8/05 10/13 87 13 2 15 586 8/70 45
10 Buy Oats(CBOT)—December 8/30 9/10 80 12 3 15 223 19/12 45
11 Buy Oats(CBOT)—March 10/04 10/15 80 12 3 15 221 18/12 46
12 Sell Oats(CBOT)—July 12/14 2/16 87 13 2 15 317 5/65 46
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
40 HISTORICAL GRAINS REPORT
Oat
s St
rate
gy T
able
s
Oats(CBOT)—MaySell on approximately 01/03 - Exit on approximately 02/16 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/03/07 269.00 02/16/07 249.50 19.50 975.00 02/15/07 1137.50 01/12/07 -475.002006 01/03/06 192.00 02/16/06 191.00 1.00 50.00 01/09/06 612.50 02/06/06 -425.002005 01/03/05 154.75 02/16/05 152.00 2.75 137.50 02/16/05 137.50 02/01/05 -300.002004 01/05/04 155.25 02/13/04 152.50 2.75 137.50 02/13/04 137.50 01/26/04 -362.502003 01/03/03 199.50 02/14/03 196.75 2.75 137.50 01/29/03 300.00 01/09/03 -400.002002 01/03/02 194.50 02/15/02 188.75 5.75 287.50 01/16/02 1037.502001 01/03/01 119.25 02/16/01 108.25 11.00 550.00 02/12/01 575.002000 01/03/00 113.75 02/16/00 115.00 -1.25 -62.50 01/25/00 -362.501999 01/04/99 112.50 02/16/99 105.00 7.50 375.00 02/16/99 375.00 01/06/99 -175.001998 01/05/98 157.00 02/13/98 150.50 6.50 325.00 02/11/98 387.501997 01/03/97 158.00 02/14/97 156.50 1.50 75.00 01/31/97 362.50 02/12/97 -375.001996 01/03/96 246.25 02/16/96 221.75 24.50 1225.00 02/08/96 1812.501995 01/03/95 130.50 02/16/95 124.25 6.25 312.50 02/08/95 350.00 01/05/95 -25.001994 01/03/94 140.25 02/16/94 134.50 5.75 287.50 02/15/94 287.50 01/13/94 -312.501993 01/04/93 145.00 02/16/93 138.25 6.75 337.50 02/16/93 337.50 01/08/93 -175.00
Percentage Correct 93
Average Profit on Winning Trades 7.45 372.32 Winners 14
Average Loss on Trades -1.25 -62.50 Losers 1
Average Net Profit Per Trade 6.87 343.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Oats(CBOT)—MarchSell on approximately 01/13 - Exit on approximately 02/13 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/16/07 269.00 02/13/07 242.00 27.00 1350.00 02/13/07 1350.00 01/18/07 -162.502006 01/13/06 190.25 02/13/06 189.75 0.50 25.00 01/18/06 262.50 02/03/06 -587.502005 01/13/05 164.25 02/11/05 162.50 1.75 87.50 02/07/05 150.00 01/18/05 -387.502004 01/13/04 162.75 02/13/04 148.50 14.25 712.50 02/13/04 712.502003 01/13/03 213.00 02/13/03 210.75 2.25 112.50 01/29/03 700.00 02/11/03 -87.502002 01/14/02 190.50 02/13/02 204.25 -13.75 -687.50 01/15/02 37.50 02/06/02 -812.502001 01/16/01 104.75 02/13/01 101.50 3.25 162.50 02/13/01 162.50 01/17/01 -75.002000 01/13/00 111.75 02/11/00 109.00 2.75 137.50 02/09/00 162.50 01/25/00 -162.501999 01/13/99 106.00 02/12/99 103.75 2.25 112.50 02/12/99 112.50 01/15/99 -87.501998 01/13/98 151.50 02/13/98 144.50 7.00 350.00 02/11/98 400.001997 01/13/97 160.00 02/13/97 180.75 -20.75 -1037.50 01/20/97 337.50 02/12/97 -1287.501996 01/15/96 231.00 02/13/96 212.00 19.00 950.00 02/08/96 1212.501995 01/13/95 121.50 02/13/95 119.75 1.75 87.50 02/08/95 137.50 01/16/95 -37.501994 01/13/94 142.75 02/11/94 130.25 12.50 625.00 02/04/94 650.001993 01/13/93 146.75 02/12/93 140.25 6.50 325.00 02/05/93 425.00
Percentage Correct 87
Average Profit on Winning Trades 7.75 387.50 Winners 13
Average Loss on Trades -17.25 -862.50 Losers 2
Average Net Profit Per Trade 4.42 220.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 41
Oat
s St
rate
gy T
able
sOats(CBOT)—July
Sell on approximately 03/29 - Exit on approximately 05/22 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 03/29/07 294.75 05/22/07 269.25 25.50 1275.00 05/09/07 1987.502006 03/29/06 174.50 05/22/06 196.00 -21.50 -1075.00 05/17/06 -1387.502005 03/29/05 152.75 05/20/05 135.25 17.50 875.00 05/13/05 1037.50 03/30/05 -325.002004 03/29/04 173.00 05/21/04 148.75 24.25 1212.50 05/20/04 1437.50 04/02/04 -537.502003 03/31/03 164.50 05/22/03 148.50 16.00 800.00 04/30/03 862.502002 04/01/02 174.00 05/22/02 155.50 18.50 925.00 04/19/02 2087.50 04/02/02 -50.002001 03/29/01 110.50 05/22/01 109.75 0.75 37.50 05/10/01 87.50 04/16/01 -262.502000 03/29/00 116.75 05/22/00 122.00 -5.25 -262.50 05/03/00 -575.001999 03/29/99 124.50 05/21/99 120.25 4.25 212.50 04/06/99 837.50 05/10/99 -212.501998 03/30/98 144.00 05/22/98 130.00 14.00 700.00 04/28/98 875.001997 03/31/97 173.25 05/22/97 160.50 12.75 637.50 05/20/97 850.00 04/01/97 -75.001996 03/29/96 239.25 05/22/96 226.50 12.75 637.50 04/16/96 737.50 04/26/96 -2212.501995 03/29/95 139.00 05/22/95 150.50 -11.50 -575.00 03/31/95 25.00 05/22/95 -575.001994 03/29/94 138.25 05/20/94 123.25 15.00 750.00 05/09/94 1275.001993 03/29/93 142.25 05/21/93 137.25 5.00 250.00 05/20/93 387.50 04/20/93 -937.50
Percentage Correct 80
Average Profit on Winning Trades 13.85 692.71 Winners 12
Average Loss on Trades -12.75 -637.50 Losers 3
Average Net Profit Per Trade 8.53 426.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Dec Oats(CBOT) / Sell May Oats(CBOT)Enter on approximately 03/31 - Exit on approximately 04/12
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/02/07 -21.50 04/12/07 -8.50 13.00 650.00 04/12/07 650.002006 03/31/06 -6.25 04/12/06 -3.00 3.25 162.50 04/11/06 162.50 04/03/06 -25.002005 03/31/05 -9.25 04/12/05 -4.25 5.00 250.00 04/06/05 287.502004 03/31/04 9.00 04/12/04 13.00 4.00 200.00 04/05/04 312.502003 03/31/03 -40.25 04/11/03 -34.50 5.75 287.50 04/11/03 287.50 04/07/03 -75.002002 04/01/02 -59.25 04/12/02 -45.50 13.75 687.50 04/11/02 875.00 04/05/02 -787.502001 04/02/01 12.00 04/12/01 12.25 0.25 12.50 04/03/01 12.50 04/09/01 -12.502000 03/31/00 5.75 04/12/00 6.00 0.25 12.50 04/06/00 50.00 04/11/00 -12.501999 03/31/99 8.75 04/12/99 5.50 -3.25 -162.50 04/06/99 62.50 04/08/99 -225.001998 03/31/98 14.00 04/09/98 15.50 1.50 75.00 04/07/98 150.001997 03/31/97 -4.00 04/11/97 -2.25 1.75 87.50 04/01/97 100.001996 04/01/96 -29.75 04/12/96 -17.25 12.50 625.00 04/09/96 675.001995 03/31/95 13.75 04/12/95 13.75 0.00 0.00 04/03/95 -87.501994 03/31/94 13.75 04/12/94 15.00 1.25 62.50 04/04/94 87.501993 03/31/93 1.25 04/12/93 4.00 2.75 137.50 04/08/93 175.00 04/02/93 -12.50
Percentage Correct 87
Average Profit on Winning Trades 5.00 250.00 Winners 13
Average Loss on Trades -1.63 -81.25 Losers 2
Average Net Profit Per Trade 4.12 205.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
42 HISTORICAL GRAINS REPORT
Oat
s St
rate
gy T
able
s
Oats(CBOT)—JulyBuy on approximately 05/27 - Exit on approximately 06/03 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/29/07 274.00 06/01/07 286.00 12.00 600.00 06/01/07 600.002006 05/30/06 180.25 06/02/06 191.50 11.25 562.50 06/02/06 562.502005 05/27/05 135.25 06/03/05 139.00 3.75 187.50 06/01/05 225.002004 05/27/04 147.50 06/03/04 146.75 -0.75 -37.50 06/01/04 512.50 06/03/04 -37.502003 05/27/03 143.75 06/03/03 145.75 2.00 100.00 05/30/03 200.00 06/02/03 -50.002002 05/28/02 170.00 06/03/02 197.75 27.75 1387.50 06/03/02 1387.502001 05/29/01 111.75 06/01/01 115.25 3.50 175.00 06/01/01 175.002000 05/30/00 113.00 06/02/00 113.50 0.50 25.00 06/02/00 25.001999 05/27/99 121.00 06/03/99 126.25 5.25 262.50 06/03/99 262.501998 05/27/98 127.50 06/03/98 130.25 2.75 137.50 06/02/98 237.501997 05/27/97 158.25 06/03/97 171.50 13.25 662.50 06/03/97 662.501996 05/28/96 221.50 06/03/96 210.00 -11.50 -575.00 06/03/96 -575.001995 05/30/95 155.50 06/02/95 158.50 3.00 150.00 06/01/95 187.50 05/31/95 -12.501994 05/27/94 120.50 06/03/94 125.00 4.50 225.00 06/01/94 437.501993 05/27/93 135.75 06/03/93 136.00 0.25 12.50 05/28/93 87.50 06/01/93 -150.00
Percentage Correct 87
Average Profit on Winning Trades 6.90 345.19 Winners 13
Average Loss on Trades -6.13 -306.25 Losers 2
Average Net Profit Per Trade 5.17 258.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Oats(CBOT)—SeptemberSell on approximately 06/03 - Exit on approximately 06/19 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/04/07 293.00 06/19/07 276.25 16.75 837.50 06/19/07 837.50 06/13/07 -175.002006 06/05/06 192.50 06/19/06 193.50 -1.00 -50.00 06/09/06 262.50 06/16/06 -75.002005 06/03/05 143.50 06/17/05 156.75 -13.25 -662.50 06/15/05 -812.502004 06/03/04 152.75 06/18/04 147.00 5.75 287.50 06/18/04 287.50 06/04/04 -62.502003 06/03/03 140.50 06/19/03 139.75 0.75 37.50 06/04/03 150.00 06/12/03 -250.002002 06/03/02 159.25 06/19/02 148.75 10.50 525.00 06/10/02 950.002001 06/04/01 111.25 06/19/01 106.25 5.00 250.00 06/15/01 275.002000 06/05/00 119.00 06/19/00 113.75 5.25 262.50 06/14/00 400.00 06/06/00 -37.501999 06/03/99 122.25 06/18/99 114.75 7.50 375.00 06/16/99 450.001998 06/03/98 133.00 06/19/98 128.25 4.75 237.50 06/15/98 412.501997 06/03/97 162.00 06/19/97 148.00 14.00 700.00 06/18/97 712.501996 06/03/96 206.25 06/19/96 204.00 2.25 112.50 06/17/96 237.50 06/10/96 -837.501995 06/05/95 158.50 06/19/95 152.00 6.50 325.00 06/12/95 1012.501994 06/03/94 129.50 06/17/94 136.00 -6.50 -325.00 06/09/94 337.50 06/17/94 -325.001993 06/03/93 137.50 06/18/93 134.00 3.50 175.00 06/15/93 362.50 06/07/93 -162.50
Percentage Correct 80
Average Profit on Winning Trades 6.88 343.75 Winners 12
Average Loss on Trades -6.92 -345.83 Losers 3
Average Net Profit Per Trade 4.12 205.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 43
Oat
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rate
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able
sOats(CBOT)—December
Sell on approximately 07/31 - Exit on approximately 08/05 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/31/07 271.75 08/03/07 269.00 2.75 137.50 08/01/07 137.502006 07/31/06 198.50 08/04/06 193.50 5.00 250.00 08/04/06 250.002005 08/01/05 168.75 08/05/05 163.75 5.00 250.00 08/05/05 250.002004 08/02/04 132.00 08/05/04 140.00 -8.00 -400.00 08/05/04 -400.002003 07/31/03 146.00 08/05/03 137.25 8.75 437.50 08/05/03 437.502002 07/31/02 170.75 08/05/02 172.25 -1.50 -75.00 08/01/02 37.50 08/05/02 -75.002001 07/31/01 137.00 08/03/01 127.75 9.25 462.50 08/03/01 462.502000 07/31/00 114.75 08/04/00 110.50 4.25 212.50 08/04/00 212.501999 08/02/99 118.25 08/05/99 117.50 0.75 37.50 08/03/99 62.501998 07/31/98 116.75 08/05/98 110.50 6.25 312.50 08/05/98 312.501997 07/31/97 169.25 08/05/97 162.75 6.50 325.00 08/05/97 325.001996 07/31/96 192.75 08/05/96 183.50 9.25 462.50 08/05/96 462.50 08/01/96 -187.501995 07/31/95 172.25 08/04/95 165.25 7.00 350.00 08/04/95 350.00 08/01/95 -187.501994 08/01/94 122.50 08/05/94 120.75 1.75 87.50 08/04/94 212.50 08/02/94 -62.501993 08/02/93 146.25 08/05/93 142.00 4.25 212.50 08/05/93 212.50 08/03/93 -175.00
Percentage Correct 87
Average Profit on Winning Trades 5.44 272.12 Winners 13
Average Loss on Trades -4.75 -237.50 Losers 2
Average Net Profit Per Trade 4.08 204.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Oats(CBOT)—SeptemberSell on approximately 07/31 - Exit on approximately 08/30 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/31/07 261.25 08/30/07 238.25 23.00 1150.00 08/29/07 1162.50 08/07/07 -37.502006 07/31/06 189.50 08/30/06 176.25 13.25 662.50 08/14/06 750.00 08/02/06 -50.002005 08/01/05 160.00 08/30/05 142.00 18.00 900.00 08/30/05 900.00 08/02/05 -50.002004 08/02/04 124.00 08/30/04 142.50 -18.50 -925.00 08/24/04 -925.002003 07/31/03 139.75 08/29/03 139.00 0.75 37.50 08/05/03 375.00 08/18/03 -162.502002 07/31/02 178.50 08/30/02 177.50 1.00 50.00 08/08/02 75.00 08/15/02 -612.502001 07/31/01 140.50 08/30/01 139.75 0.75 37.50 08/03/01 687.50 08/29/01 -50.002000 07/31/00 106.50 08/30/00 96.50 10.00 500.00 08/07/00 500.001999 08/02/99 112.25 08/30/99 106.00 6.25 312.50 08/24/99 375.00 08/09/99 -62.501998 07/31/98 108.25 08/28/98 99.00 9.25 462.50 08/28/98 462.501997 07/31/97 169.25 08/29/97 167.50 1.75 87.50 08/11/97 400.00 08/12/97 -100.001996 07/31/96 192.25 08/30/96 190.75 1.50 75.00 08/06/96 462.50 08/12/96 -775.001995 07/31/95 169.50 08/30/95 165.75 3.75 187.50 08/11/95 637.50 08/01/95 -212.501994 08/01/94 118.25 08/30/94 118.75 -0.50 -25.00 08/04/94 87.50 08/19/94 -300.001993 08/02/93 142.25 08/30/93 137.00 5.25 262.50 08/30/93 262.50 08/03/93 -150.00
Percentage Correct 87
Average Profit on Winning Trades 7.27 363.46 Winners 13
Average Loss on Trades -9.50 -475.00 Losers 2
Average Net Profit Per Trade 5.03 251.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
44 HISTORICAL GRAINS REPORT
Oat
s St
rate
gy T
able
s
Oats(CBOT)—DecemberBuy on approximately 08/05 - Exit on approximately 10/13 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/06/07 270.00 10/12/07 277.00 7.00 350.00 09/28/07 987.50 08/20/07 -987.502006 08/07/06 189.25 10/13/06 236.50 47.25 2362.50 10/12/06 2550.00 08/22/06 -287.502005 08/05/05 163.75 10/13/05 171.00 7.25 362.50 10/13/05 362.50 09/02/05 -725.002004 08/05/04 140.00 10/13/04 143.75 3.75 187.50 09/16/04 1600.00 08/13/04 -350.002003 08/05/03 137.25 10/13/03 143.25 6.00 300.00 09/05/03 775.00 09/17/03 -25.002002 08/05/02 172.25 10/11/02 195.25 23.00 1150.00 10/01/02 2112.50 08/08/02 -12.502001 08/06/01 132.50 10/12/01 186.50 54.00 2700.00 10/08/01 2862.50 08/20/01 -125.002000 08/07/00 107.00 10/13/00 107.50 0.50 25.00 09/11/00 275.00 09/29/00 -87.501999 08/05/99 117.50 10/13/99 109.25 -8.25 -412.50 08/09/99 87.50 10/08/99 -437.501998 08/05/98 110.50 10/13/98 120.75 10.25 512.50 10/13/98 512.50 08/31/98 -150.001997 08/05/97 162.75 10/13/97 163.25 0.50 25.00 08/12/97 387.50 10/01/97 -412.501996 08/05/96 183.50 10/11/96 169.50 -14.00 -700.00 08/12/96 987.50 09/17/96 -1025.001995 08/07/95 160.75 10/13/95 189.75 29.00 1450.00 10/13/95 1450.001994 08/05/94 120.75 10/13/94 129.50 8.75 437.50 10/03/94 550.00 08/10/94 -75.001993 08/05/93 142.00 10/13/93 142.75 0.75 37.50 08/11/93 312.50 09/07/93 -337.50
Percentage Correct 87
Average Profit on Winning Trades 15.23 761.54 Winners 13
Average Loss on Trades -11.13 -556.25 Losers 2
Average Net Profit Per Trade 11.72 585.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Oats(CBOT)—DecemberBuy on approximately 08/30 - Exit on approximately 09/10 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/30/07 252.75 09/10/07 267.75 15.00 750.00 09/10/07 750.002006 08/30/06 186.00 09/08/06 193.75 7.75 387.50 09/05/06 487.502005 08/30/05 151.25 09/09/05 152.75 1.50 75.00 08/31/05 287.50 09/02/05 -100.002004 08/30/04 150.50 09/10/04 159.50 9.00 450.00 09/10/04 450.00 09/07/04 -150.002003 09/02/03 146.75 09/10/03 145.25 -1.50 -75.00 09/05/03 300.00 09/10/03 -75.002002 08/30/02 184.25 09/10/02 201.25 17.00 850.00 09/10/02 850.002001 08/30/01 140.00 09/10/01 146.75 6.75 337.50 09/10/01 337.502000 08/30/00 107.75 09/08/00 111.75 4.00 200.00 09/08/00 200.001999 08/30/99 114.50 09/10/99 116.00 1.50 75.00 09/07/99 125.001998 08/31/98 107.50 09/10/98 113.50 6.00 300.00 09/08/98 300.001997 09/02/97 166.00 09/10/97 163.00 -3.00 -150.00 09/08/97 -275.001996 08/30/96 186.00 09/10/96 186.75 0.75 37.50 09/10/96 37.50 09/04/96 -225.001995 08/30/95 174.50 09/08/95 175.00 0.50 25.00 08/31/95 100.00 09/06/95 -125.001994 08/30/94 120.50 09/09/94 126.75 6.25 312.50 09/09/94 312.501993 08/30/93 140.50 09/10/93 135.75 -4.75 -237.50 09/07/93 -262.50
Percentage Correct 80
Average Profit on Winning Trades 6.33 316.67 Winners 12
Average Loss on Trades -3.08 -154.17 Losers 3
Average Net Profit Per Trade 4.45 222.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 45
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rate
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able
sOats(CBOT)—March
Buy on approximately 10/04 - Exit on approximately 10/15 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 10/04/07 285.50 10/15/07 290.00 4.50 225.00 10/15/07 225.00 10/08/07 -175.002007 10/04/06 217.75 10/13/06 242.75 25.00 1250.00 10/12/06 1362.502006 10/04/05 170.00 10/14/05 174.50 4.50 225.00 10/13/05 387.502005 10/04/04 150.25 10/15/04 152.00 1.75 87.50 10/15/04 87.50 10/11/04 -87.502004 10/06/03 152.50 10/15/03 144.25 -8.25 -412.50 10/15/03 -412.502003 10/04/02 206.00 10/15/02 200.25 -5.75 -287.50 10/07/02 75.00 10/11/02 -712.502002 10/04/01 159.00 10/15/01 175.00 16.00 800.00 10/15/01 800.002001 10/04/00 116.00 10/13/00 117.50 1.50 75.00 10/11/00 125.002000 10/04/99 119.50 10/15/99 118.00 -1.50 -75.00 10/11/99 -125.001999 10/05/98 121.00 10/15/98 125.75 4.75 237.50 10/09/98 375.001998 10/06/97 162.25 10/15/97 170.00 7.75 387.50 10/13/97 400.001997 10/04/96 177.25 10/15/96 178.50 1.25 62.50 10/09/96 487.50 10/11/96 -125.001996 10/04/95 187.00 10/13/95 196.75 9.75 487.50 10/13/95 487.50 10/05/95 -37.501995 10/04/94 135.25 10/14/94 135.50 0.25 12.50 10/14/94 12.50 10/07/94 -75.001994 10/04/93 140.50 10/15/93 145.25 4.75 237.50 10/13/93 325.00
Percentage Correct 80
Average Profit on Winning Trades 6.81 340.63 Winners 12
Average Loss on Trades -5.17 -258.33 Losers 3
Average Net Profit Per Trade 4.42 220.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Oats(CBOT)—JulySell on approximately 12/14 - Exit on approximately 02/16 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/14/06 273.25 02/16/07 256.00 17.25 862.50 02/15/07 1000.00 01/18/07 -487.502006 12/14/05 190.50 02/16/06 182.00 8.50 425.00 01/17/06 925.002005 12/14/04 156.00 02/16/05 147.25 8.75 437.50 02/16/05 437.50 12/23/04 -150.002004 12/15/03 150.00 02/13/04 158.25 -8.25 -412.50 12/24/03 50.00 01/26/04 -650.002003 12/16/02 174.00 02/14/03 185.25 -11.25 -562.50 02/11/03 -850.002002 12/14/01 169.00 02/15/02 163.00 6.00 300.00 12/20/01 637.50 01/03/02 -200.002001 12/14/00 122.25 02/16/01 113.25 9.00 450.00 02/14/01 462.50 12/29/00 -187.502000 12/14/99 114.00 02/16/00 113.50 0.50 25.00 12/16/99 175.00 01/25/00 -250.001999 12/14/98 123.50 02/16/99 108.75 14.75 737.50 02/16/99 737.501998 12/15/97 164.25 02/13/98 155.25 9.00 450.00 02/11/98 487.501997 12/16/96 163.25 02/14/97 156.00 7.25 362.50 01/30/97 725.00 01/07/97 -112.501996 12/14/95 232.50 02/16/96 220.25 12.25 612.50 01/25/96 1037.50 01/03/96 -550.001995 12/14/94 131.00 02/16/95 129.50 1.50 75.00 02/08/95 112.50 12/27/94 -350.001994 12/14/93 143.00 02/16/94 139.00 4.00 200.00 02/04/94 250.00 01/13/94 -350.001993 12/14/92 153.75 02/16/93 138.00 15.75 787.50 02/16/93 787.50 12/15/92 -37.50
Percentage Correct 87
Average Profit on Winning Trades 8.81 440.38 Winners 13
Average Loss on Trades -9.75 -487.50 Losers 2
Average Net Profit Per Trade 6.33 316.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
46 HISTORICAL GRAINS REPORT
PageSEASONAL PATTERNS & WEEKLY CONTINUATIONS
CBOT Wheat (W)WH; WH vs: WK, WN, WU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
WK; WK vs: WN, WU, WZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
WN; WN vs: WU, WZ, WH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
WU; WU vs: WZ, WH, WK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
WZ; WZ vs: WH, WK, WN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56KCBT Wheat (KW)
KWH; KWH vs: KWK, KWN, KWU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
KWK; KWK vs: KWN, KWU, KWZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
KWN; KWN vs: KWU, KWZ, KWH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
KWU; KWU vs: KWZ, KWH, KWK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
KWZ; KWZ vs: KWH, KWK, KWN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66MGE Wheat (MW)
MWH; MWH vs: MWK, MWN, MWU . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
MWK; MWK vs: MWN, MWU, MWZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
MWN; MWN vs: MWU, MWZ, MWH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
MWU; MWU vs: MWZ, MWH, MWK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
MWZ; MWZ vs: MWH, MWK, MWN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
STRATEGIESSeasonal Trade and Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
Seasonal Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
Whe
at(W
,KW
,MW
)
Wheat (W, KW, MW)
MOORE RESEARCH CENTER, INC. 47
Mar Wheat(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(C
BT
): M
arch
Sea
sona
l Pat
tern
s
Mar Wheat(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
48 HISTORICAL GRAINS REPORT
Weekly Mar Wheat(CBOT) - May Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Weekly Mar Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
Weekly Mar Wheat(CBOT) - Jul Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00
Weekly Mar Wheat(CBOT) - Sep Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00 W
heat
(CB
T):
Mar
ch W
eekl
ies
MOORE RESEARCH CENTER, INC. 49
May Wheat(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(C
BT
): M
ay S
easo
nal P
atte
rns
May Wheat(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
50 HISTORICAL GRAINS REPORT
Weekly May Wheat(CBOT) - Jul Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly May Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
Weekly May Wheat(CBOT) - Sep Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly May Wheat(CBOT) - Dec Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00 W
heat
(CB
T):
May
Wee
klie
s
MOORE RESEARCH CENTER, INC. 51
Jul Wheat(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(C
BT
): J
uly
Seas
onal
Pat
tern
s
Jul Wheat(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93/94-07/08)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
52 HISTORICAL GRAINS REPORT
Weekly Jul Wheat(CBOT) - Sep Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
Weekly Jul Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
Weekly Jul Wheat(CBOT) - Dec Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
Weekly Jul Wheat(CBOT) - Mar Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-70.00
-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00 W
heat
(CB
T):
Jul
y W
eekl
ies
MOORE RESEARCH CENTER, INC. 53
Sep Wheat(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(C
BT
): S
epte
mbe
r Se
ason
al P
atte
rns
Sep Wheat(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
54 HISTORICAL GRAINS REPORT
Weekly Sep Wheat(CBOT) - Dec Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
Weekly Sep Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
Weekly Sep Wheat(CBOT) - Mar Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
Weekly Sep Wheat(CBOT) - May Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00 W
heat
(CB
T):
Sep
tem
ber
Wee
klie
s
MOORE RESEARCH CENTER, INC. 55
Dec Wheat(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(CBOT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(C
BT
): D
ecem
ber
Seas
onal
Pat
tern
s
Dec Wheat(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
56 HISTORICAL GRAINS REPORT
Weekly Dec Wheat(CBOT) - Mar Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-45.00
-40.00
-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
Weekly Dec Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
Weekly Dec Wheat(CBOT) - May Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Weekly Dec Wheat(CBOT) - Jul Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00 W
heat
(CB
T):
Dec
embe
r W
eekl
ies
MOORE RESEARCH CENTER, INC. 57
Mar Wheat(KCBT) - May Wheat(KCBT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(KCBT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(KCBT) - Jul Wheat(KCBT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(K
CB
T):
Mar
ch S
easo
nal P
atte
rns
Mar Wheat(KCBT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
58 HISTORICAL GRAINS REPORT
Weekly Mar Wheat(KCBT) - May Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
Weekly Mar Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
Weekly Mar Wheat(KCBT) - Jul Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00
Weekly Mar Wheat(KCBT) - Sep Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00 W
heat
(KC
BT
): M
arch
Wee
klie
s
MOORE RESEARCH CENTER, INC. 59
May Wheat(KCBT) - Jul Wheat(KCBT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(KCBT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(KCBT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(K
CB
T):
May
Sea
sona
l Pat
tern
s
May Wheat(KCBT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
60 HISTORICAL GRAINS REPORT
Weekly May Wheat(KCBT) - Jul Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
200.00
Weekly May Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
Weekly May Wheat(KCBT) - Sep Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly May Wheat(KCBT) - Dec Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00 W
heat
(KC
BT
): M
ay W
eekl
ies
MOORE RESEARCH CENTER, INC. 61
Jul Wheat(KCBT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(KCBT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(KCBT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(K
CB
T):
Jul
y Se
ason
al P
atte
rns
Jul Wheat(KCBT) - Mar Wheat(KCBT) 15 Year Seasonal(93/94-07/08)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
62 HISTORICAL GRAINS REPORT
Weekly Jul Wheat(KCBT) - Sep Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
Weekly Jul Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
Weekly Jul Wheat(KCBT) - Dec Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
Weekly Jul Wheat(KCBT) - Mar Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00 W
heat
(KC
BT
): J
uly
Wee
klie
s
MOORE RESEARCH CENTER, INC. 63
Sep Wheat(KCBT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(KCBT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(KCBT) - Mar Wheat(KCBT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(K
CB
T):
Sep
tem
ber
Seas
onal
Pat
tern
s
Sep Wheat(KCBT) - May Wheat(KCBT) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
64 HISTORICAL GRAINS REPORT
Weekly Sep Wheat(KCBT) - Dec Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
Weekly Sep Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
Weekly Sep Wheat(KCBT) - Mar Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
Weekly Sep Wheat(KCBT) - May Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00 W
heat
(KC
BT
): S
epte
mbe
r W
eekl
ies
MOORE RESEARCH CENTER, INC. 65
Dec Wheat(KCBT) - Mar Wheat(KCBT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(KCBT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(KCBT) - May Wheat(KCBT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(K
CB
T):
Dec
embe
r Se
ason
al P
atte
rns
Dec Wheat(KCBT) - Jul Wheat(KCBT) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
66 HISTORICAL GRAINS REPORT
Weekly Dec Wheat(KCBT) - Mar Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
Weekly Dec Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
Weekly Dec Wheat(KCBT) - May Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
Weekly Dec Wheat(KCBT) - Jul Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00 W
heat
(KC
BT
): D
ecem
ber
Wee
klie
s
MOORE RESEARCH CENTER, INC. 67
Mar Wheat(MGE) - May Wheat(MGE) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(MGE) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(MGE) - Jul Wheat(MGE) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(M
GE
): M
arch
Sea
sona
l Pat
tern
s
Mar Wheat(MGE) - Sep Wheat(MGE) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
68 HISTORICAL GRAINS REPORT
Weekly Mar Wheat(MGE) - May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
Weekly Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
Weekly Mar Wheat(MGE) - Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Weekly Mar Wheat(MGE) - Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00 W
heat
(MG
E):
Mar
ch W
eekl
ies
MOORE RESEARCH CENTER, INC. 69
May Wheat(MGE) - Jul Wheat(MGE) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(MGE) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(MGE) - Sep Wheat(MGE) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(M
GE
): M
ay S
easo
nal P
atte
rns
May Wheat(MGE) - Dec Wheat(MGE) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
70 HISTORICAL GRAINS REPORT
Weekly May Wheat(MGE) - Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
Weekly May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
Weekly May Wheat(MGE) - Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
Weekly May Wheat(MGE) - Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00 W
heat
(MG
E):
May
Wee
klie
s
MOORE RESEARCH CENTER, INC. 71
Jul Wheat(MGE) - Sep Wheat(MGE) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(MGE) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(MGE) - Dec Wheat(MGE) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(M
GE
): J
uly
Seas
onal
Pat
tern
s
Jul Wheat(MGE) - Mar Wheat(MGE) 15 Year Seasonal(93/94-07/08)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
72 HISTORICAL GRAINS REPORT
Weekly Jul Wheat(MGE) - Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Weekly Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
Weekly Jul Wheat(MGE) - Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
Weekly Jul Wheat(MGE) - Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00 W
heat
(MG
E):
Jul
y W
eekl
ies
MOORE RESEARCH CENTER, INC. 73
Sep Wheat(MGE) - Dec Wheat(MGE) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(MGE) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(MGE) - Mar Wheat(MGE) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(M
GE
): S
epte
mbe
r Se
ason
al P
atte
rns
Sep Wheat(MGE) - May Wheat(MGE) 15 Year Seasonal(93/94-07/08)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
74 HISTORICAL GRAINS REPORT
Weekly Sep Wheat(MGE) - Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
Weekly Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
Weekly Sep Wheat(MGE) - Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
Weekly Sep Wheat(MGE) - May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00 W
heat
(MG
E):
Sep
tem
ber
Wee
klie
s
MOORE RESEARCH CENTER, INC. 75
Dec Wheat(MGE) - Mar Wheat(MGE) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(MGE) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(MGE) - May Wheat(MGE) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Whe
at(M
GE
): D
ecem
ber
Seas
onal
Pat
tern
s
Dec Wheat(MGE) - Jul Wheat(MGE) 15 Year Seasonal(93/94-07/08)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
76 HISTORICAL GRAINS REPORT
Weekly Dec Wheat(MGE) - Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
Weekly Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
1200.00
Weekly Dec Wheat(MGE) - May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
Weekly Dec Wheat(MGE) - Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00 W
heat
(MG
E):
Dec
embe
r W
eekl
ies
MOORE RESEARCH CENTER, INC. 77
Whe
at S
trat
egy
Sum
mar
ySeasonal Wheat and Spread Strategies
SeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
1 Buy Dec Wheat(MGE)Sell May Wheat(MGE)
1/02 3/28 93 14 1 15 523 6/87 80
2 Sell Wheat(CBOT)—March 1/03 2/28 80 12 3 15 513 9/57 80
3 Buy Dec Wheat(MGE)Sell Jul Wheat(MGE)
1/03 3/31 100 15 0 15 318 4/89 81
4 Buy Mar Wheat(KCBT)Sell Mar Wheat(CBOT)
1/07 2/27 87 13 2 15 478 9/52 81
5 Buy Sep Wheat(KCBT)Sell Mar Wheat(KCBT)
1/07 2/27 87 13 2 15 329 6/52 82
6 Buy Jul Wheat(CBOT)Sell Mar Wheat(CBOT)
1/09 2/09 100 15 0 15 342 11/32 82
7 Buy Dec Wheat(CBOT)Sell May Wheat(CBOT)
2/09 4/08 93 14 1 15 428 7/60 83
8 Buy May Wheat(KCBT)Sell May Wheat(CBOT)
2/14 4/24 80 12 3 15 449 6/71 83
9 Buy May Wheat(KCBT)Sell May Wheat(CBOT)
3/25 4/12 87 13 2 15 394 21/19 84
10 Buy Jul Wheat(KCBT)Sell Jul Wheat(MGE)
3/28 4/18 87 13 2 15 350 16/22 84
11 Buy Jul Wheat(KCBT)Sell Jul Wheat(CBOT)
3/28 6/29 93 14 1 15 856 9/94 85
12 Buy May Wheat(MGE)Sell May Wheat(KCBT)
4/19 4/27 80 12 3 15 313 35/9 85
13 Sell Wheat(CBOT)—July 5/11 6/08 80 12 3 15 561 19/29 86
14 Buy Jul Wheat(MGE)Sell Jul Wheat(CBOT)
5/21 6/29 100 15 0 15 843 21/40 86
15 Sell Wheat(CBOT)—September 5/21 7/09 80 12 3 15 544 11/50 87
16 Sell Wheat(KCBT)—September 5/21 7/10 80 12 3 15 549 11/51 87
17 Buy Jul Wheat(MGE)Sell Mar Wheat(MGE)
5/24 6/22 100 15 0 15 441 15/30 88
18 Buy Jul Wheat(MGE)Sell Dec Wheat(MGE)
6/04 6/21 93 14 1 15 370 21/18 88
19 Buy Sep Wheat(MGE)Sell Sep Wheat(KCBT)
6/12 7/03 93 14 1 15 429 20/22 89
20 Buy Dec Wheat(MGE)Sell Dec Wheat(KCBT)
6/20 7/08 100 15 0 15 353 19/19 89
21 Buy Sep Wheat(KCBT)Sell Sep Wheat(MGE)
7/18 8/11 100 15 0 15 383 15/25 90
22 Buy Dec Wheat(CBOT)Sell Dec Wheat(MGE)
7/19 8/22 93 14 1 15 495 14/35 90
23 Buy Wheat(MGE)—December 8/05 10/25 80 12 3 15 1483 18/82 91
24 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)
8/11 11/04 87 13 2 15 476 6/86 91
25 Buy Wheat(MGE)—May 8/12 9/25 80 12 3 15 984 22/45 92
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
78 HISTORICAL GRAINS REPORT
Whe
at S
trat
egy
Sum
mar
y
Seasonal Wheat and Spread StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
26 Buy Wheat(KCBT)—May 8/13 10/23 80 12 3 15 1178 16/72 92
27 Buy Dec Wheat(KCBT)Sell Jul Wheat(KCBT)
8/19 10/11 80 12 3 15 820 15/54 93
28 Buy Dec Wheat(MGE)Sell Jul Wheat(MGE)
8/24 11/25 87 13 2 15 644 7/94 93
29 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)
9/07 9/29 93 14 1 15 325 14/23 94
30 Buy Dec Wheat(MGE)Sell Dec Wheat(CBOT)
9/07 10/14 87 13 2 15 616 16/38 94
31 Buy Wheat(MGE)—December 9/19 10/21 87 13 2 15 890 27/33 95
32 Buy Wheat(CBOT)—December 9/19 10/22 80 12 3 15 698 21/34 95
33 Buy Wheat(KCBT)—December 9/19 10/22 80 12 3 15 699 21/34 96
34 Sell Wheat(KCBT)—March 10/14 12/10 80 12 3 15 310 5/58 96
35 Sell Wheat(MGE)—March 10/16 12/10 80 12 3 15 193 3/56 97
36 Sell Wheat(MGE)—March 10/16 1/06 87 13 2 15 919 11/83 97
37 Sell Wheat(MGE)—July 10/23 12/11 87 13 2 15 198 4/50 98
38 Sell Wheat(KCBT)—March 10/23 12/13 80 12 3 15 739 14/52 98
39 Buy Jul Wheat(KCBT)Sell Jul Wheat(MGE)
11/11 1/24 87 13 2 15 438 6/75 99
40 Buy Sep Wheat(KCBT)Sell May Wheat(KCBT)
11/12 1/30 100 15 0 15 475 6/80 99
41 Sell Wheat(KCBT)—March 11/14 12/13 80 12 3 15 533 18/30 100
42 Sell Wheat(CBOT)—March 11/14 12/13 87 13 2 15 570 19/30 100
43 Sell Wheat(MGE)—March 11/14 12/14 93 14 1 15 521 17/31 101
44 Buy Sep Wheat(CBOT)Sell Mar Wheat(CBOT)
11/14 2/27 93 14 1 15 1093 10/106 101
45 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)
11/17 11/29 93 14 1 15 325 25/13 102
46 Buy Sep Wheat(MGE)Sell May Wheat(MGE)
11/21 2/27 100 15 0 15 645 7/99 102
47 Sell Wheat(CBOT)—March 11/23 2/27 80 12 3 15 803 8/97 103
48 Buy Jul Wheat(CBOT)Sell Mar Wheat(CBOT)
11/24 2/07 100 15 0 15 733 10/76 103
49 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)
11/24 2/15 93 14 1 15 531 6/84 104
50 Buy Jul Wheat(CBOT)Sell May Wheat(CBOT)
12/08 2/28 100 15 0 15 456 5/83 104
51 Buy Wheat(CBOT)—July 12/15 1/13 87 13 2 15 558 19/30 105
52 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)
12/20 1/10 93 14 1 15 348 16/22 105
53 Buy Wheat(KCBT)—July 12/20 2/23 80 12 3 15 571 9/66 106
54 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)
12/26 1/18 87 13 2 15 368 15/24 106
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
MOORE RESEARCH CENTER, INC. 79
Whe
at S
trat
egy
Tab
lesBuy Dec Wheat(MGE) / Sell May Wheat(MGE)
Enter on approximately 01/02 - Exit on approximately 03/28
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/03/07 5.50 03/28/07 21.00 15.50 775.00 01/25/07 975.002006 01/03/06 2.00 03/28/06 17.00 15.00 750.00 03/17/06 837.502005 01/03/05 10.50 03/28/05 17.25 6.75 337.50 03/18/05 600.00 01/19/05 -612.502004 01/02/04 -19.00 03/26/04 5.25 24.25 1212.50 03/10/04 1275.002003 01/02/03 -28.75 03/28/03 -6.25 22.50 1125.00 01/10/03 1237.502002 01/02/02 22.25 03/28/02 23.00 0.75 37.50 03/20/02 162.50 02/14/02 -137.502001 01/02/01 25.00 03/28/01 28.25 3.25 162.50 02/27/01 187.50 01/05/01 -87.502000 01/03/00 23.00 03/28/00 31.75 8.75 437.50 03/27/00 512.501999 01/04/99 12.25 03/26/99 23.25 11.00 550.00 03/24/99 675.00 01/26/99 -487.501998 01/02/98 12.25 03/27/98 13.50 1.25 62.50 02/27/98 487.501997 01/02/97 -11.00 03/27/97 -8.75 2.25 112.50 03/06/97 -362.501996 01/02/96 -26.50 03/28/96 -22.00 4.50 225.00 01/05/96 287.50 02/21/96 -550.001995 01/03/95 -17.50 03/28/95 8.25 25.75 1287.50 03/28/95 1287.50 01/04/95 -150.001994 01/03/94 -23.50 03/28/94 1.50 25.00 1250.00 03/28/94 1250.00 01/07/94 -300.001993 01/04/93 -11.75 03/26/93 -21.50 -9.75 -487.50 02/12/93 725.00 03/25/93 -587.50
Percentage Correct 93
Average Profit on Winning Trades 11.89 594.64 Winners 14
Average Loss on Trades -9.75 -487.50 Losers 1
Average Net Profit Per Trade 10.45 522.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Wheat(CBOT)—MarchSell on approximately 01/03 - Exit on approximately 02/28 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/03/07 476.50 02/28/07 474.50 2.00 100.00 01/10/07 1350.00 02/22/07 -650.002006 01/03/06 346.00 02/28/06 370.25 -24.25 -1212.50 01/18/06 1175.00 02/27/06 -1362.502005 01/03/05 302.25 02/28/05 337.25 -35.00 -1750.00 02/04/05 725.00 02/28/05 -1750.002004 01/05/04 398.50 02/27/04 380.75 17.75 887.50 02/18/04 1700.00 01/12/04 -37.502003 01/03/03 330.50 02/28/03 312.50 18.00 900.00 02/27/03 1075.00 01/08/03 -325.002002 01/03/02 300.00 02/28/02 267.25 32.75 1637.50 02/28/02 1637.50 01/11/02 -412.502001 01/03/01 283.25 02/28/01 265.00 18.25 912.50 02/27/01 1287.50 01/11/01 -325.002000 01/03/00 247.50 02/28/00 244.50 3.00 150.00 02/28/00 150.00 02/10/00 -1212.501999 01/04/99 279.00 02/26/99 237.25 41.75 2087.50 02/26/99 2087.50 01/08/99 -612.501998 01/05/98 331.00 02/27/98 327.50 3.50 175.00 02/25/98 612.50 02/03/98 -662.501997 01/03/97 384.00 02/28/97 373.00 11.00 550.00 02/10/97 1575.00 01/08/97 -550.001996 01/03/96 508.25 02/28/96 508.00 0.25 12.50 01/17/96 1462.50 02/14/96 -987.501995 01/03/95 395.50 02/28/95 349.75 45.75 2287.50 02/28/95 2287.50 01/04/95 -125.001994 01/03/94 372.75 02/28/94 342.50 30.25 1512.50 02/28/94 1512.50 01/13/94 -962.501993 01/04/93 361.25 02/26/93 372.25 -11.00 -550.00 02/08/93 37.50 01/19/93 -1562.50
Percentage Correct 80
Average Profit on Winning Trades 18.69 934.38 Winners 12
Average Loss on Trades -23.42 -1170.83 Losers 3
Average Net Profit Per Trade 10.27 513.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
80 HISTORICAL GRAINS REPORT
Buy Dec Wheat(MGE) / Sell Jul Wheat(MGE)Enter on approximately 01/03 - Exit on approximately 03/31
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/03/07 1.50 03/30/07 11.75 10.25 512.50 01/31/07 825.002006 01/03/06 3.50 03/31/06 11.50 8.00 400.00 03/17/06 400.00 01/12/06 -12.502005 01/03/05 9.00 03/31/05 15.00 6.00 300.00 03/18/05 325.00 01/19/05 -287.502004 01/05/04 -1.00 03/31/04 2.25 3.25 162.50 03/10/04 450.00 02/23/04 -425.002003 01/03/03 -14.00 03/31/03 0.50 14.50 725.00 03/19/03 837.502002 01/03/02 15.00 03/28/02 16.00 1.00 50.00 01/30/02 125.00 02/14/02 -112.502001 01/03/01 17.00 03/30/01 19.75 2.75 137.50 02/27/01 200.00 01/05/01 -12.502000 01/03/00 15.50 03/31/00 22.00 6.50 325.00 03/30/00 375.00 02/25/00 -50.001999 01/04/99 8.75 03/31/99 17.00 8.25 412.50 03/24/99 450.00 01/26/99 -337.501998 01/05/98 6.75 03/31/98 11.75 5.00 250.00 03/03/98 337.50 01/09/98 -12.501997 01/03/97 -2.00 03/31/97 -0.50 1.50 75.00 02/21/97 325.00 01/17/97 -162.501996 01/03/96 -11.75 03/29/96 -11.50 0.25 12.50 01/05/96 200.00 02/13/96 -350.001995 01/03/95 -7.00 03/31/95 5.75 12.75 637.50 03/31/95 637.50 01/04/95 -125.001994 01/03/94 -9.50 03/31/94 4.50 14.00 700.00 03/31/94 700.00 01/07/94 -137.501993 01/04/93 0.50 03/31/93 1.75 1.25 62.50 02/16/93 275.00 01/19/93 -225.00
Percentage Correct 100
Average Profit on Winning Trades 6.35 317.50 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 6.35 317.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Mar Wheat(KCBT) / Sell Mar Wheat(CBOT)Enter on approximately 01/07 - Exit on approximately 02/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/08/07 15.00 02/27/07 27.25 12.25 612.50 02/15/07 900.002006 01/09/06 44.00 02/27/06 67.25 23.25 1162.50 02/10/06 1537.50 01/10/06 -62.502005 01/07/05 35.00 02/25/05 39.00 4.00 200.00 01/19/05 250.00 01/11/05 -187.502004 01/07/04 2.25 02/27/04 3.50 1.25 62.50 02/18/04 500.00 02/09/04 -75.002003 01/07/03 35.00 02/27/03 29.50 -5.50 -275.00 01/27/03 75.00 01/13/03 -625.002002 01/07/02 -14.25 02/27/02 8.75 23.00 1150.00 02/27/02 1150.00 01/11/02 -50.002001 01/08/01 47.25 02/27/01 47.75 0.50 25.00 02/22/01 112.50 02/14/01 -150.002000 01/07/00 26.00 02/25/00 29.00 3.00 150.00 02/23/00 275.001999 01/07/99 33.00 02/26/99 34.00 1.00 50.00 01/26/99 312.50 02/19/99 -137.501998 01/07/98 8.25 02/27/98 19.50 11.25 562.50 02/27/98 562.501997 01/07/97 21.50 02/27/97 50.50 29.00 1450.00 02/12/97 2100.00 01/08/97 -50.001996 01/08/96 0.00 02/27/96 32.00 32.00 1600.00 02/22/96 1700.00 01/12/96 -37.501995 01/09/95 -3.25 02/27/95 10.50 13.75 687.50 02/21/95 837.501994 01/07/94 -2.25 02/25/94 6.25 8.50 425.00 02/25/94 425.00 02/04/94 -400.001993 01/07/93 -11.75 02/26/93 -25.50 -13.75 -687.50 01/08/93 12.50 02/26/93 -687.50
Percentage Correct 87
Average Profit on Winning Trades 12.52 625.96 Winners 13
Average Loss on Trades -9.63 -481.25 Losers 2
Average Net Profit Per Trade 9.57 478.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 81
Buy Sep Wheat(KCBT) / Sell Mar Wheat(KCBT)Enter on approximately 01/07 - Exit on approximately 02/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/08/07 9.00 02/27/07 21.00 12.00 600.00 01/30/07 662.50 01/12/07 -200.002006 01/09/06 2.00 02/27/06 13.00 11.00 550.00 02/27/06 550.00 02/10/06 -275.002005 01/07/05 -8.75 02/25/05 -19.75 -11.00 -550.00 01/10/05 225.00 02/25/05 -550.002004 01/07/04 -9.25 02/27/04 10.00 19.25 962.50 02/27/04 962.50 01/08/04 -62.502003 01/07/03 -27.25 02/27/03 -7.75 19.50 975.00 01/13/03 1075.002002 01/07/02 18.00 02/27/02 19.00 1.00 50.00 01/10/02 112.50 01/08/02 -50.002001 01/08/01 25.75 02/27/01 27.00 1.25 62.50 02/07/01 250.002000 01/07/00 30.75 02/25/00 31.50 0.75 37.50 02/25/00 37.50 02/10/00 -250.001999 01/07/99 23.00 02/26/99 26.75 3.75 187.50 02/16/99 337.50 01/11/99 -12.501998 01/07/98 18.75 02/27/98 20.00 1.25 62.50 01/21/98 212.50 02/24/98 -125.001997 01/07/97 -59.00 02/27/97 -42.75 16.25 812.50 02/27/97 812.50 02/11/97 -325.001996 01/08/96 -43.50 02/27/96 -58.50 -15.00 -750.00 01/26/96 -1675.001995 01/09/95 -32.00 02/27/95 -22.50 9.50 475.00 01/19/95 762.50 02/13/95 -100.001994 01/07/94 -44.75 02/25/94 -18.25 26.50 1325.00 02/24/94 1575.001993 01/07/93 -36.25 02/26/93 -33.50 2.75 137.50 02/12/93 662.50 01/19/93 -212.50
Percentage Correct 87
Average Profit on Winning Trades 9.60 479.81 Winners 13
Average Loss on Trades -13.00 -650.00 Losers 2
Average Net Profit Per Trade 6.58 329.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Jul Wheat(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 01/09 - Exit on approximately 02/09
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/09/07 13.25 02/09/07 22.75 9.50 475.00 02/07/07 512.502006 01/09/06 19.75 02/09/06 20.75 1.00 50.00 02/02/06 87.50 01/10/06 -37.502005 01/10/05 13.50 02/09/05 14.50 1.00 50.00 02/04/05 100.002004 01/09/04 -4.25 02/09/04 -3.00 1.25 62.50 02/02/04 312.50 01/16/04 -12.502003 01/09/03 -10.00 02/07/03 -8.50 1.50 75.00 01/10/03 475.002002 01/09/02 -8.25 02/08/02 9.00 17.25 862.50 02/04/02 887.502001 01/09/01 21.50 02/09/01 23.50 2.00 100.00 01/30/01 100.00 01/11/01 -37.502000 01/10/00 21.25 02/09/00 22.00 0.75 37.50 02/07/00 62.50 01/25/00 -25.001999 01/11/99 20.50 02/09/99 21.00 0.50 25.00 01/13/99 25.00 01/29/99 -50.001998 01/09/98 15.25 02/09/98 18.00 2.75 137.50 01/22/98 162.50 01/12/98 -37.501997 01/09/97 -43.50 02/07/97 -17.00 26.50 1325.00 02/07/97 1325.001996 01/09/96 -63.75 02/09/96 -61.25 2.50 125.00 01/22/96 300.00 01/29/96 -700.001995 01/09/95 -43.50 02/09/95 -30.00 13.50 675.00 01/19/95 812.50 01/10/95 -62.501994 01/10/94 -44.50 02/09/94 -25.75 18.75 937.50 02/08/94 1075.001993 01/11/93 -48.25 02/09/93 -44.50 3.75 187.50 02/08/93 325.00 01/21/93 -387.50
Percentage Correct 100
Average Profit on Winning Trades 6.83 341.67 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 6.83 341.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
82 HISTORICAL GRAINS REPORT
Buy Dec Wheat(CBOT) / Sell May Wheat(CBOT)Enter on approximately 02/09 - Exit on approximately 04/08
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 02/09/07 27.25 04/05/07 37.75 10.50 525.00 04/03/07 812.50 02/20/07 -137.502006 02/09/06 29.75 04/07/06 40.50 10.75 537.50 04/06/06 537.50 02/10/06 -12.502005 02/09/05 19.75 04/08/05 28.00 8.25 412.50 04/08/05 412.50 02/25/05 -100.002004 02/09/04 1.75 04/08/04 21.25 19.50 975.00 04/08/04 975.00 02/10/04 -87.502003 02/10/03 7.00 04/08/03 21.75 14.75 737.50 04/08/03 737.50 02/18/03 -175.002002 02/11/02 17.75 04/08/02 23.25 5.50 275.00 03/11/02 275.00 02/22/02 -112.502001 02/09/01 36.50 04/06/01 37.00 0.50 25.00 03/22/01 37.50 12/30/00 -125.002000 02/09/00 34.00 04/07/00 37.50 3.50 175.00 03/31/00 225.001999 02/09/99 32.50 04/08/99 37.25 4.75 237.50 04/08/99 237.501998 02/09/98 25.25 04/08/98 32.50 7.25 362.50 04/08/98 362.50 02/12/98 -50.001997 02/10/97 2.50 04/08/97 16.50 14.00 700.00 04/08/97 700.00 02/25/97 -362.501996 02/09/96 -29.50 04/08/96 -21.00 8.50 425.00 03/19/96 950.00 02/16/96 -250.001995 02/09/95 -8.75 04/07/95 16.75 25.50 1275.00 04/07/95 1275.00 02/10/95 -87.501994 02/09/94 -5.50 04/08/94 1.50 7.00 350.00 03/29/94 725.00 02/11/94 -137.501993 02/09/93 -9.50 04/08/93 -21.25 -11.75 -587.50 02/12/93 212.50 03/25/93 -1187.50
Percentage Correct 93
Average Profit on Winning Trades 10.02 500.89 Winners 14
Average Loss on Trades -11.75 -587.50 Losers 1
Average Net Profit Per Trade 8.57 428.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy May Wheat(KCBT) / Sell May Wheat(CBOT)Enter on approximately 02/14 - Exit on approximately 04/24
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 02/14/07 20.75 04/24/07 10.25 -10.50 -525.00 03/02/07 475.00 04/24/07 -525.002006 02/14/06 59.50 04/24/06 86.75 27.25 1362.50 04/12/06 2112.50 02/15/06 -150.002005 02/14/05 13.75 04/22/05 18.75 5.00 250.00 02/22/05 300.00 03/17/05 -700.002004 02/17/04 2.25 04/23/04 12.50 10.25 512.50 04/22/04 525.00 03/01/04 -162.502003 02/14/03 18.00 04/24/03 32.50 14.50 725.00 03/27/03 962.50 02/18/03 -162.502002 02/14/02 4.00 04/24/02 16.00 12.00 600.00 04/19/02 900.00 03/27/02 -262.502001 02/14/01 43.00 04/24/01 54.50 11.50 575.00 04/23/01 625.00 02/15/01 -25.002000 02/14/00 28.75 04/24/00 29.25 0.50 25.00 02/23/00 137.50 04/11/00 -287.501999 02/16/99 34.00 04/23/99 25.00 -9.00 -450.00 03/29/99 -450.001998 02/17/98 11.50 04/24/98 24.00 12.50 625.00 04/23/98 625.001997 02/14/97 26.50 04/24/97 46.50 20.00 1000.00 04/18/97 1800.00 02/26/97 -162.501996 02/14/96 6.00 04/24/96 32.50 26.50 1325.00 04/24/96 1325.001995 02/14/95 -2.50 04/24/95 10.50 13.00 650.00 04/21/95 687.501994 02/14/94 -4.75 04/22/94 10.75 15.50 775.00 04/21/94 800.00 02/23/94 -137.501993 02/16/93 -12.75 04/23/93 -27.00 -14.25 -712.50 03/12/93 275.00 04/22/93 -1012.50
Percentage Correct 80
Average Profit on Winning Trades 14.04 702.08 Winners 12
Average Loss on Trades -11.25 -562.50 Losers 3
Average Net Profit Per Trade 8.98 449.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 83
Buy May Wheat(KCBT) / Sell May Wheat(CBOT)Enter on approximately 03/25 - Exit on approximately 04/12
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 03/26/07 19.00 04/12/07 26.50 7.50 375.00 04/12/07 375.00 03/29/07 -387.502006 03/27/06 57.75 04/12/06 101.75 44.00 2200.00 04/12/06 2200.002005 03/28/05 10.25 04/12/05 11.50 1.25 62.50 04/12/05 62.50 03/30/05 -262.502004 03/25/04 1.50 04/12/04 4.50 3.00 150.00 04/02/04 325.002003 03/25/03 35.00 04/11/03 36.25 1.25 62.50 03/27/03 112.50 04/02/03 -137.502002 03/25/02 0.00 04/12/02 9.00 9.00 450.00 04/04/02 800.00 03/27/02 -62.502001 03/26/01 44.00 04/12/01 46.50 2.50 125.00 04/03/01 162.502000 03/27/00 25.00 04/12/00 23.00 -2.00 -100.00 04/06/00 75.00 04/11/00 -100.001999 03/25/99 28.00 04/12/99 25.75 -2.25 -112.50 03/29/99 -150.001998 03/25/98 12.50 04/09/98 20.25 7.75 387.50 04/08/98 462.501997 03/25/97 26.75 04/11/97 48.50 21.75 1087.50 04/11/97 1087.50 03/31/97 -87.501996 03/25/96 13.50 04/12/96 30.50 17.00 850.00 04/12/96 850.001995 03/27/95 1.00 04/12/95 3.00 2.00 100.00 03/29/95 225.00 04/06/95 -25.001994 03/25/94 -1.25 04/12/94 -0.25 1.00 50.00 03/29/94 237.50 04/07/94 -75.001993 03/25/93 -19.50 04/12/93 -15.00 4.50 225.00 03/26/93 312.50
Percentage Correct 87
Average Profit on Winning Trades 9.42 471.15 Winners 13
Average Loss on Trades -2.13 -106.25 Losers 2
Average Net Profit Per Trade 7.88 394.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Jul Wheat(KCBT) / Sell Jul Wheat(MGE)Enter on approximately 03/28 - Exit on approximately 04/18
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 03/28/07 -31.25 04/18/07 -18.00 13.25 662.50 04/18/07 662.50 04/02/07 -150.002006 03/28/06 7.75 04/18/06 26.75 19.00 950.00 04/12/06 1062.50 04/04/06 -25.002005 03/28/05 -18.25 04/18/05 -11.25 7.00 350.00 04/15/05 487.50 03/30/05 -50.002004 03/29/04 -26.00 04/16/04 -18.50 7.50 375.00 04/13/04 700.002003 03/28/03 -48.00 04/17/03 -35.50 12.50 625.00 04/17/03 625.00 03/31/03 -37.502002 03/28/02 -11.25 04/18/02 -6.00 5.25 262.50 04/17/02 350.00 04/10/02 -137.502001 03/28/01 -9.25 04/18/01 -8.25 1.00 50.00 04/09/01 225.002000 03/28/00 -42.00 04/18/00 -39.75 2.25 112.50 04/03/00 212.50 04/11/00 -100.001999 03/29/99 -36.25 04/16/99 -39.25 -3.00 -150.00 04/06/99 300.00 04/12/99 -225.001998 03/30/98 -39.75 04/17/98 -36.75 3.00 150.00 04/02/98 162.50 04/13/98 -75.001997 03/31/97 -8.00 04/18/97 16.75 24.75 1237.50 04/18/97 1237.50 04/07/97 -387.501996 03/28/96 7.00 04/18/96 15.75 8.75 437.50 04/15/96 775.00 04/10/96 -262.501995 03/28/95 -6.25 04/18/95 -2.50 3.75 187.50 04/13/95 550.00 03/31/95 -12.501994 03/28/94 -4.75 04/18/94 -4.50 0.25 12.50 03/29/94 50.00 04/15/94 -137.501993 03/29/93 -10.25 04/16/93 -10.50 -0.25 -12.50 04/02/93 12.50 04/06/93 -62.50
Percentage Correct 87
Average Profit on Winning Trades 8.33 416.35 Winners 13
Average Loss on Trades -1.63 -81.25 Losers 2
Average Net Profit Per Trade 7.00 350.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
84 HISTORICAL GRAINS REPORT
Buy Jul Wheat(KCBT) / Sell Jul Wheat(CBOT)Enter on approximately 03/28 - Exit on approximately 06/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 03/28/07 3.75 06/29/07 14.50 10.75 537.50 06/29/07 537.50 06/22/07 -1262.502006 03/28/06 52.00 06/29/06 122.75 70.75 3537.50 06/29/06 3537.502005 03/28/05 -1.50 06/29/05 4.50 6.00 300.00 05/19/05 500.00 03/30/05 -212.502004 03/29/04 1.75 06/29/04 21.50 19.75 987.50 06/22/04 1287.50 03/30/04 -100.002003 03/28/03 17.50 06/27/03 5.00 -12.50 -625.00 04/10/03 150.00 06/12/03 -1150.002002 03/28/02 9.75 06/28/02 15.50 5.75 287.50 06/21/02 712.50 05/15/02 -187.502001 03/28/01 43.75 06/29/01 46.25 2.50 125.00 05/15/01 812.50 03/29/01 -12.502000 03/28/00 24.25 06/29/00 39.00 14.75 737.50 06/29/00 737.50 05/15/00 -162.501999 03/29/99 25.00 06/29/99 28.50 3.50 175.00 06/10/99 425.00 05/10/99 -287.501998 03/30/98 13.00 06/29/98 26.25 13.25 662.50 05/28/98 675.001997 03/31/97 2.50 06/27/97 13.50 11.00 550.00 04/18/97 1700.001996 03/28/96 29.50 06/28/96 73.75 44.25 2212.50 06/17/96 3312.50 04/10/96 -625.001995 03/28/95 3.50 06/29/95 48.50 45.00 2250.00 06/26/95 2325.00 04/10/95 -25.001994 03/28/94 0.25 06/29/94 12.75 12.50 625.00 06/22/94 737.50 04/11/94 -200.001993 03/29/93 -6.25 06/29/93 3.25 9.50 475.00 06/21/93 650.00 03/31/93 -12.50
Percentage Correct 93
Average Profit on Winning Trades 19.23 961.61 Winners 14
Average Loss on Trades -12.50 -625.00 Losers 1
Average Net Profit Per Trade 17.12 855.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy May Wheat(MGE) / Sell May Wheat(KCBT)Enter on approximately 04/19 - Exit on approximately 04/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/19/07 11.00 04/27/07 46.00 35.00 1750.00 04/27/07 1750.00 04/20/07 -12.502006 04/19/06 -23.75 04/27/06 -15.25 8.50 425.00 04/27/06 425.002005 04/19/05 1.50 04/27/05 -3.75 -5.25 -262.50 04/22/05 -275.002004 04/19/04 19.75 04/27/04 27.00 7.25 362.50 04/26/04 500.002003 04/21/03 25.25 04/25/03 27.50 2.25 112.50 04/25/03 112.50 04/23/03 -50.002002 04/19/02 3.00 04/26/02 13.00 10.00 500.00 04/26/02 500.002001 04/19/01 8.50 04/27/01 1.25 -7.25 -362.50 04/27/01 -362.502000 04/19/00 39.50 04/27/00 43.75 4.25 212.50 04/27/00 212.50 04/24/00 -37.501999 04/19/99 46.25 04/27/99 49.00 2.75 137.50 04/26/99 187.501998 04/20/98 42.00 04/27/98 52.00 10.00 500.00 04/27/98 500.001997 04/21/97 -30.50 04/25/97 -29.50 1.00 50.00 04/23/97 62.50 04/22/97 -62.501996 04/19/96 -28.75 04/26/96 -36.75 -8.00 -400.00 04/24/96 -537.501995 04/19/95 -4.50 04/27/95 10.00 14.50 725.00 04/27/95 725.00 04/24/95 -137.501994 04/19/94 18.50 04/26/94 36.25 17.75 887.50 04/26/94 887.501993 04/19/93 0.25 04/27/93 1.50 1.25 62.50 04/21/93 75.00 04/23/93 -187.50
Percentage Correct 80
Average Profit on Winning Trades 9.54 477.08 Winners 12
Average Loss on Trades -6.83 -341.67 Losers 3
Average Net Profit Per Trade 6.27 313.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 85
Wheat(CBOT)—JulySell on approximately 05/11 - Exit on approximately 06/08 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/11/07 493.00 06/08/07 527.50 -34.50 -1725.00 05/22/07 1100.00 06/08/07 -1725.002006 05/11/06 392.00 06/08/06 383.50 8.50 425.00 06/08/06 425.00 05/22/06 -1712.502005 05/11/05 313.75 06/08/05 313.25 0.50 25.00 05/13/05 550.00 05/26/05 -1200.002004 05/11/04 379.00 06/08/04 363.00 16.00 800.00 05/14/04 1025.00 06/01/04 -462.502003 05/12/03 331.00 06/06/03 320.50 10.50 525.00 06/04/03 875.00 05/15/03 -387.502002 05/13/02 278.75 06/07/02 275.00 3.75 187.50 05/22/02 487.50 06/03/02 -400.002001 05/11/01 271.25 06/08/01 264.00 7.25 362.50 05/22/01 575.00 05/14/01 -362.502000 05/11/00 282.00 06/08/00 266.50 15.50 775.00 06/07/00 887.50 05/12/00 -112.501999 05/11/99 267.00 06/08/99 255.25 11.75 587.50 05/24/99 987.50 05/12/99 -175.001998 05/11/98 304.75 06/08/98 275.50 29.25 1462.50 06/08/98 1462.50 05/13/98 -100.001997 05/12/97 399.00 06/06/97 359.50 39.50 1975.00 06/04/97 2262.501996 05/13/96 588.00 06/07/96 502.25 85.75 4287.50 06/05/96 4962.50 05/17/96 -50.001995 05/11/95 361.75 06/08/95 378.75 -17.00 -850.00 05/17/95 262.50 06/02/95 -1212.501994 05/11/94 321.75 06/08/94 339.00 -17.25 -862.50 05/27/94 187.50 06/08/94 -862.501993 05/11/93 293.50 06/08/93 284.75 8.75 437.50 06/01/93 537.50 05/20/93 -212.50
Percentage Correct 80
Average Profit on Winning Trades 19.75 987.50 Winners 12
Average Loss on Trades -22.92 -1145.83 Losers 3
Average Net Profit Per Trade 11.22 560.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Jul Wheat(MGE) / Sell Jul Wheat(CBOT)Enter on approximately 05/21 - Exit on approximately 06/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 25.75 06/29/07 41.00 15.25 762.50 06/29/07 762.50 06/15/07 -2300.002006 05/22/06 54.50 06/29/06 116.00 61.50 3075.00 06/29/06 3075.00 05/25/06 -37.502005 05/23/05 14.75 06/29/05 16.50 1.75 87.50 06/13/05 787.50 05/26/05 -150.002004 05/21/04 38.25 06/29/04 58.00 19.75 987.50 06/24/04 1062.50 05/25/04 -125.002003 05/21/03 33.00 06/27/03 55.25 22.25 1112.50 06/27/03 1112.50 06/12/03 -462.502002 05/21/02 20.00 06/28/02 22.00 2.00 100.00 06/07/02 287.50 06/19/02 -525.002001 05/21/01 62.75 06/29/01 63.25 0.50 25.00 05/25/01 62.50 06/18/01 -325.002000 05/22/00 53.50 06/29/00 54.00 0.50 25.00 06/14/00 375.00 05/26/00 -87.501999 05/21/99 68.25 06/29/99 90.50 22.25 1112.50 06/28/99 1200.001998 05/21/98 64.75 06/29/98 78.75 14.00 700.00 06/29/98 700.00 06/09/98 -162.501997 05/21/97 22.00 06/27/97 53.25 31.25 1562.50 06/27/97 1562.50 05/27/97 -187.501996 05/21/96 64.25 06/28/96 83.00 18.75 937.50 06/20/96 1262.50 06/03/96 -987.501995 05/22/95 16.50 06/29/95 46.50 30.00 1500.00 06/27/95 1700.00 06/01/95 -250.001994 05/23/94 14.50 06/29/94 20.75 6.25 312.50 06/22/94 350.00 06/07/94 -437.501993 05/21/93 10.75 06/29/93 17.50 6.75 337.50 06/29/93 337.50 06/14/93 -125.00
Percentage Correct 100
Average Profit on Winning Trades 16.85 842.50 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 16.85 842.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
86 HISTORICAL GRAINS REPORT
Wheat(CBOT)—SeptemberSell on approximately 05/21 - Exit on approximately 07/09 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 492.50 07/09/07 599.50 -107.00 -5350.00 05/22/07 387.50 06/26/07 -6675.002006 05/22/06 440.00 07/07/06 398.25 41.75 2087.50 06/19/06 3187.502005 05/23/05 344.25 07/08/05 337.25 7.00 350.00 06/13/05 1012.50 06/24/05 -300.002004 05/21/04 376.50 07/09/04 338.00 38.50 1925.00 07/09/04 1925.00 06/01/04 -1037.502003 05/21/03 336.75 07/09/03 317.00 19.75 987.50 06/27/03 1625.00 06/12/03 -300.002002 05/21/02 278.50 07/09/02 320.50 -42.00 -2100.00 05/24/02 187.50 07/05/02 -2212.502001 05/21/01 273.50 07/09/01 268.00 5.50 275.00 06/28/01 950.00 06/01/01 -362.502000 05/22/00 291.75 07/07/00 254.75 37.00 1850.00 07/07/00 1850.00 05/23/00 -50.001999 05/21/99 262.75 07/09/99 243.75 19.00 950.00 07/09/99 950.00 06/14/99 -587.501998 05/21/98 309.25 07/09/98 279.75 29.50 1475.00 07/02/98 1537.501997 05/21/97 389.50 07/09/97 334.25 55.25 2762.50 07/07/97 3387.501996 05/21/96 573.00 07/09/96 491.00 82.00 4100.00 07/05/96 4975.001995 05/22/95 372.75 07/07/95 417.00 -44.25 -2212.50 06/29/95 -3862.501994 05/23/94 341.50 07/08/94 321.25 20.25 1012.50 07/06/94 1400.00 06/13/94 -300.001993 05/21/93 299.75 07/09/93 298.75 1.00 50.00 06/16/93 825.00 07/06/93 -650.00
Percentage Correct 80
Average Profit on Winning Trades 29.71 1485.42 Winners 12
Average Loss on Trades -64.42 -3220.83 Losers 3
Average Net Profit Per Trade 10.88 544.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Wheat(KCBT)—SeptemberSell on approximately 05/21 - Exit on approximately 07/10 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 483.25 07/10/07 590.00 -106.75 -5337.50 05/22/07 400.00 06/14/07 -6462.502006 05/22/06 523.50 07/10/06 511.25 12.25 612.50 06/14/06 2712.502005 05/23/05 346.50 07/08/05 340.00 6.50 325.00 06/08/05 1150.00 06/20/05 -200.002004 05/21/04 391.75 07/09/04 368.50 23.25 1162.50 07/01/04 1475.00 06/01/04 -950.002003 05/21/03 344.50 07/10/03 304.50 40.00 2000.00 07/08/03 2162.502002 05/21/02 288.00 07/10/02 347.50 -59.50 -2975.00 05/22/02 62.50 07/10/02 -2975.002001 05/21/01 330.25 07/10/01 306.00 24.25 1212.50 06/28/01 1462.50 06/01/01 -275.002000 05/22/00 314.75 07/10/00 296.25 18.50 925.00 07/06/00 925.00 06/27/00 -387.501999 05/21/99 287.50 07/09/99 266.75 20.75 1037.50 07/09/99 1037.50 06/14/99 -812.501998 05/21/98 330.00 07/10/98 297.50 32.50 1625.00 07/10/98 1625.001997 05/21/97 411.00 07/10/97 334.25 76.75 3837.50 07/07/97 4287.501996 05/21/96 640.00 07/10/96 520.00 120.00 6000.00 07/05/96 6675.001995 05/22/95 376.00 07/10/95 433.00 -57.00 -2850.00 06/29/95 -4850.001994 05/23/94 341.50 07/08/94 328.50 13.00 650.00 07/05/94 912.50 06/15/94 -375.001993 05/21/93 300.50 07/09/93 300.25 0.25 12.50 06/30/93 862.50 07/06/93 -587.50
Percentage Correct 80
Average Profit on Winning Trades 32.33 1616.67 Winners 12
Average Loss on Trades -74.42 -3720.83 Losers 3
Average Net Profit Per Trade 10.98 549.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 87
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lesBuy Jul Wheat(MGE) / Sell Mar Wheat(MGE)
Enter on approximately 05/24 - Exit on approximately 06/22
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/24/07 -19.50 06/22/07 -8.00 11.50 575.00 06/22/07 575.00 06/12/07 -1075.002006 05/24/06 -24.75 06/22/06 -11.25 13.50 675.00 06/22/06 675.00 05/31/06 -362.502005 05/24/05 -26.75 06/22/05 -21.75 5.00 250.00 06/15/05 725.00 06/02/05 -12.502004 05/24/04 -10.00 06/22/04 -7.00 3.00 150.00 06/08/04 475.00 06/01/04 -75.002003 05/27/03 -8.50 06/20/03 -5.25 3.25 162.50 06/09/03 400.00 05/28/03 -137.502002 05/24/02 -22.75 06/21/02 -6.00 16.75 837.50 06/21/02 837.50 05/28/02 -112.502001 05/24/01 -30.75 06/22/01 -30.00 0.75 37.50 06/07/01 200.002000 05/24/00 -37.00 06/22/00 -29.50 7.50 375.00 06/22/00 375.00 05/26/00 -62.501999 05/24/99 -23.25 06/22/99 -16.50 6.75 337.50 06/11/99 350.00 05/25/99 -25.001998 05/26/98 -12.00 06/22/98 -7.50 4.50 225.00 06/22/98 225.00 06/09/98 -350.001997 05/27/97 -12.25 06/20/97 6.75 19.00 950.00 06/19/97 1000.001996 05/24/96 31.50 06/21/96 44.00 12.50 625.00 06/21/96 625.00 06/04/96 -1337.501995 05/24/95 -3.25 06/22/95 18.00 21.25 1062.50 06/22/95 1062.50 05/30/95 -125.001994 05/24/94 -5.25 06/22/94 -1.00 4.25 212.50 05/26/94 337.50 06/01/94 -250.001993 05/24/93 -12.50 06/22/93 -9.75 2.75 137.50 06/17/93 262.50 05/26/93 -137.50
Percentage Correct 100
Average Profit on Winning Trades 8.82 440.83 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 8.82 440.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Jul Wheat(MGE) / Sell Dec Wheat(MGE)Enter on approximately 06/04 - Exit on approximately 06/21
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/04/07 -17.75 06/21/07 -12.00 5.75 287.50 06/21/07 287.50 06/12/07 -437.502006 06/05/06 -17.75 06/21/06 -13.50 4.25 212.50 06/21/06 212.50 06/15/06 -175.002005 06/06/05 -16.00 06/21/05 -9.25 6.75 337.50 06/15/05 625.00 06/07/05 -37.502004 06/04/04 -2.75 06/21/04 -1.50 1.25 62.50 06/08/04 187.502003 06/04/03 -0.50 06/20/03 4.50 5.00 250.00 06/09/03 312.50 06/13/03 -62.502002 06/04/02 -11.00 06/21/02 -3.00 8.00 400.00 06/21/02 400.002001 06/04/01 -18.50 06/21/01 -18.50 0.00 0.00 06/06/01 75.00 06/15/01 -75.002000 06/05/00 -23.50 06/21/00 -20.00 3.50 175.00 06/21/00 175.00 06/13/00 -25.001999 06/04/99 -12.50 06/21/99 -10.75 1.75 87.50 06/09/99 125.00 06/16/99 -50.001998 06/04/98 -9.00 06/19/98 -6.25 2.75 137.50 06/18/98 150.00 06/10/98 -125.001997 06/04/97 -1.25 06/20/97 10.25 11.50 575.00 06/20/97 575.001996 06/04/96 14.00 06/21/96 48.50 34.50 1725.00 06/21/96 1725.00 06/05/96 -112.501995 06/05/95 3.00 06/21/95 15.50 12.50 625.00 06/19/95 750.00 06/06/95 -87.501994 06/06/94 -4.25 06/21/94 2.25 6.50 325.00 06/16/94 387.501993 06/04/93 -7.00 06/21/93 0.00 7.00 350.00 06/17/93 350.00
Percentage Correct 93
Average Profit on Winning Trades 7.93 396.43 Winners 14
Average Loss on Trades 0.00 0.00 Losers 1
Average Net Profit Per Trade 7.40 370.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
88 HISTORICAL GRAINS REPORT
Buy Sep Wheat(MGE) / Sell Sep Wheat(KCBT)Enter on approximately 06/12 - Exit on approximately 07/03
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/12/07 0.00 07/03/07 17.25 17.25 862.50 06/29/07 1462.50 06/15/07 -700.002006 06/12/06 -31.75 07/03/06 -10.75 21.00 1050.00 07/03/06 1050.002005 06/13/05 17.00 07/01/05 13.25 -3.75 -187.50 06/20/05 -300.002004 06/14/04 17.25 07/02/04 23.75 6.50 325.00 06/29/04 687.502003 06/12/03 18.50 07/03/03 28.75 10.25 512.50 06/25/03 587.502002 06/12/02 -5.50 07/03/02 11.50 17.00 850.00 07/03/02 850.00 06/13/02 -287.502001 06/12/01 5.75 07/03/01 17.25 11.50 575.00 07/03/01 575.00 06/18/01 -62.502000 06/12/00 24.00 07/03/00 27.25 3.25 162.50 07/03/00 162.50 06/29/00 -575.001999 06/14/99 43.00 07/02/99 55.25 12.25 612.50 06/24/99 750.001998 06/12/98 42.50 07/02/98 49.75 7.25 362.50 07/02/98 362.50 06/19/98 -350.001997 06/12/97 13.75 07/03/97 19.00 5.25 262.50 06/27/97 587.50 06/16/97 -362.501996 06/12/96 -29.00 07/03/96 -22.00 7.00 350.00 06/28/96 562.501995 06/12/95 -2.25 07/03/95 -1.50 0.75 37.50 06/21/95 175.00 06/15/95 -250.001994 06/13/94 -3.50 07/01/94 -2.00 1.50 75.00 06/17/94 187.501993 06/14/93 -2.00 07/02/93 9.75 11.75 587.50 07/02/93 587.50 06/18/93 -125.00
Percentage Correct 93
Average Profit on Winning Trades 9.46 473.21 Winners 14
Average Loss on Trades -3.75 -187.50 Losers 1
Average Net Profit Per Trade 8.58 429.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Dec Wheat(MGE) / Sell Dec Wheat(KCBT)Enter on approximately 06/20 - Exit on approximately 07/08
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/20/07 -0.75 07/06/07 11.00 11.75 587.50 06/29/07 725.002006 06/20/06 -29.00 07/07/06 -5.50 23.50 1175.00 07/07/06 1175.002005 06/20/05 10.50 07/08/05 12.75 2.25 112.50 06/23/05 225.002004 06/21/04 17.25 07/08/04 18.00 0.75 37.50 06/29/04 387.50 07/07/04 -50.002003 06/20/03 23.25 07/08/03 24.75 1.50 75.00 06/24/03 125.00 06/27/03 -250.002002 06/20/02 -9.50 07/08/02 5.75 15.25 762.50 07/05/02 937.50 06/24/02 -25.002001 06/20/01 6.25 07/06/01 15.75 9.50 475.00 07/06/01 475.002000 06/20/00 18.75 07/07/00 19.75 1.00 50.00 07/03/00 350.00 06/29/00 -325.001999 06/21/99 41.75 07/08/99 51.75 10.00 500.00 07/08/99 500.00 06/22/99 -25.001998 06/22/98 29.75 07/08/98 36.00 6.25 312.50 07/06/98 512.501997 06/20/97 6.00 07/08/97 13.75 7.75 387.50 06/30/97 450.00 06/24/97 -12.501996 06/20/96 -21.00 07/08/96 -17.25 3.75 187.50 07/08/96 187.50 06/21/96 -75.001995 06/20/95 -2.50 07/07/95 -2.25 0.25 12.50 07/05/95 187.50 06/27/95 -625.001994 06/20/94 -2.75 07/08/94 -0.25 2.50 125.00 06/28/94 150.00 07/06/94 -100.001993 06/21/93 -4.50 07/08/93 5.50 10.00 500.00 07/02/93 562.50
Percentage Correct 100
Average Profit on Winning Trades 7.07 353.33 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 7.07 353.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 89
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lesBuy Sep Wheat(KCBT) / Sell Sep Wheat(MGE)
Enter on approximately 07/18 - Exit on approximately 08/11
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/18/07 -19.00 08/10/07 -9.50 9.50 475.00 07/31/07 1050.002006 07/18/06 -9.75 08/11/06 -2.75 7.00 350.00 08/01/06 1162.502005 07/18/05 -8.75 08/11/05 3.00 11.75 587.50 08/11/05 587.50 08/03/05 -237.502004 07/19/04 -17.00 08/11/04 -13.25 3.75 187.50 08/02/04 237.50 07/26/04 -162.502003 07/18/03 -26.00 08/11/03 -15.25 10.75 537.50 08/11/03 537.50 07/29/03 -87.502002 07/18/02 -12.25 08/09/02 -11.25 1.00 50.00 08/06/02 525.00 07/25/02 -125.002001 07/18/01 -10.50 08/10/01 -7.50 3.00 150.00 08/10/01 150.00 07/26/01 -275.002000 07/18/00 -24.25 08/11/00 -13.50 10.75 537.50 08/11/00 537.501999 07/19/99 -60.75 08/11/99 -42.75 18.00 900.00 08/03/99 1075.001998 07/20/98 -47.50 08/11/98 -44.75 2.75 137.50 08/03/98 712.501997 07/18/97 -29.75 08/11/97 -20.00 9.75 487.50 08/06/97 625.00 07/21/97 -25.001996 07/18/96 16.25 08/09/96 16.75 0.50 25.00 08/09/96 25.00 08/01/96 -462.501995 07/18/95 -8.50 08/11/95 9.50 18.00 900.00 08/11/95 900.00 07/20/95 -200.001994 07/18/94 -2.75 08/11/94 0.00 2.75 137.50 08/01/94 487.50 07/19/94 -75.001993 07/19/93 -13.00 08/11/93 -7.25 5.75 287.50 07/29/93 412.50 07/26/93 -212.50
Percentage Correct 100
Average Profit on Winning Trades 7.67 383.33 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 7.67 383.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Dec Wheat(CBOT) / Sell Dec Wheat(MGE)Enter on approximately 07/19 - Exit on approximately 08/22
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/19/07 3.00 08/22/07 60.25 57.25 2862.50 08/22/07 2862.50 07/20/07 -125.002006 07/19/06 -86.75 08/22/06 -68.75 18.00 900.00 08/02/06 1150.002005 07/19/05 -12.00 08/22/05 -10.00 2.00 100.00 08/11/05 262.50 08/16/05 -312.502004 07/19/04 -41.75 08/20/04 -27.00 14.75 737.50 08/17/04 800.00 07/21/04 -162.502003 07/21/03 -15.50 08/22/03 -12.25 3.25 162.50 08/08/03 487.50 07/29/03 -50.002002 07/19/02 -35.00 08/22/02 -53.00 -18.00 -900.00 08/07/02 125.00 08/22/02 -900.002001 07/19/01 -36.50 08/22/01 -34.25 2.25 112.50 08/22/01 112.50 07/26/01 -437.502000 07/19/00 -59.25 08/22/00 -55.00 4.25 212.50 08/14/00 625.001999 07/19/99 -76.75 08/20/99 -61.00 15.75 787.50 08/04/99 1012.501998 07/20/98 -58.50 08/21/98 -58.00 0.50 25.00 08/03/98 475.00 08/17/98 -325.001997 07/21/97 -34.00 08/22/97 -22.00 12.00 600.00 08/13/97 875.001996 07/19/96 -15.75 08/22/96 -2.25 13.50 675.00 08/16/96 1075.00 07/26/96 -212.501995 07/19/95 -17.00 08/22/95 -2.25 14.75 737.50 08/01/95 800.001994 07/19/94 -2.50 08/22/94 4.50 7.00 350.00 08/01/94 362.50 07/22/94 -112.501993 07/19/93 -8.00 08/20/93 -6.75 1.25 62.50 08/13/93 437.50 08/18/93 -50.00
Percentage Correct 93
Average Profit on Winning Trades 11.89 594.64 Winners 14
Average Loss on Trades -18.00 -900.00 Losers 1
Average Net Profit Per Trade 9.90 495.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
90 HISTORICAL GRAINS REPORT
Wheat(MGE)—DecemberBuy on approximately 08/05 - Exit on approximately 10/25 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/06/07 662.75 10/25/07 822.00 159.25 7962.50 10/01/07 13187.50 08/20/07 -387.502006 08/07/06 491.75 10/25/06 513.50 21.75 1087.50 10/11/06 1875.00 09/14/06 -2575.002005 08/05/05 352.75 10/25/05 369.25 16.50 825.00 10/13/05 2050.00 08/31/05 -937.502004 08/05/04 365.50 10/25/04 367.00 1.50 75.00 09/15/04 1050.00 08/12/04 -1225.002003 08/05/03 371.00 10/24/03 377.75 6.75 337.50 08/18/03 1912.50 10/10/03 -1375.002002 08/05/02 384.25 10/25/02 474.25 90.00 4500.00 10/01/02 6550.002001 08/06/01 324.25 10/25/01 316.50 -7.75 -387.50 08/29/01 337.50 10/02/01 -1187.502000 08/07/00 307.00 10/25/00 319.00 12.00 600.00 10/12/00 1500.00 08/11/00 -187.501999 08/05/99 352.00 10/25/99 330.50 -21.50 -1075.00 08/10/99 275.00 10/14/99 -1425.001998 08/05/98 317.00 10/23/98 365.50 48.50 2425.00 10/22/98 2500.001997 08/05/97 386.25 10/24/97 398.75 12.50 625.00 08/28/97 1462.501996 08/05/96 457.50 10/25/96 406.75 -50.75 -2537.50 08/12/96 1275.00 09/19/96 -2562.501995 08/07/95 445.50 10/25/95 504.50 59.00 2950.00 10/20/95 3250.00 08/17/95 -375.001994 08/05/94 345.50 10/25/94 404.75 59.25 2962.50 10/11/94 3550.00 08/09/94 -25.001993 08/05/93 319.00 10/25/93 357.00 38.00 1900.00 10/21/93 2087.50 08/12/93 -337.50
Percentage Correct 80
Average Profit on Winning Trades 43.75 2187.50 Winners 12
Average Loss on Trades -26.67 -1333.33 Losers 3
Average Net Profit Per Trade 29.67 1483.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Dec Wheat(KCBT) / Sell Dec Wheat(CBOT)Enter on approximately 08/11 - Exit on approximately 11/04
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/13/07 -16.50 11/02/07 27.75 44.25 2212.50 11/02/07 2212.50 08/22/07 -1737.502006 08/11/06 77.25 11/03/06 30.00 -47.25 -2362.50 08/18/06 312.50 10/17/06 -3887.502005 08/11/05 12.75 11/04/05 55.50 42.75 2137.50 10/28/05 2275.002004 08/11/04 17.50 11/04/04 42.25 24.75 1237.50 11/04/04 1237.50 08/19/04 -212.502003 08/11/03 -4.00 11/04/03 -2.50 1.50 75.00 10/08/03 612.50 09/02/03 -100.002002 08/12/02 33.50 11/04/02 64.00 30.50 1525.00 10/11/02 3475.002001 08/13/01 28.75 11/02/01 8.25 -20.50 -1025.00 09/19/01 25.00 10/30/01 -1137.502000 08/11/00 35.50 11/03/00 54.75 19.25 962.50 09/29/00 975.00 08/14/00 -25.001999 08/11/99 21.25 11/04/99 22.50 1.25 62.50 08/17/99 112.50 09/07/99 -150.001998 08/11/98 21.50 11/04/98 32.00 10.50 525.00 09/30/98 625.00 08/14/98 -100.001997 08/11/97 11.00 11/04/97 11.50 0.50 25.00 09/26/97 100.00 09/02/97 -375.001996 08/12/96 13.00 11/04/96 19.75 6.75 337.50 10/24/96 1462.50 09/09/96 -737.501995 08/11/95 4.50 11/03/95 14.25 9.75 487.50 10/24/95 862.50 09/07/95 -225.001994 08/11/94 3.50 11/04/94 13.50 10.00 500.00 11/04/94 500.00 08/19/94 -225.001993 08/11/93 -4.50 11/04/93 4.25 8.75 437.50 09/22/93 550.00
Percentage Correct 87
Average Profit on Winning Trades 16.19 809.62 Winners 13
Average Loss on Trades -33.88 -1693.75 Losers 2
Average Net Profit Per Trade 9.52 475.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 91
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Wheat(MGE)—MayBuy on approximately 08/12 - Exit on approximately 09/25 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 08/13/07 665.00 09/25/07 818.00 153.00 7650.00 09/24/07 7750.00 08/20/07 -200.002007 08/14/06 470.00 09/25/06 471.75 1.75 87.50 08/31/06 900.00 09/14/06 -575.002006 08/12/05 362.50 09/23/05 375.00 12.50 625.00 09/23/05 625.00 09/07/05 -775.002005 08/12/04 360.25 09/24/04 387.75 27.50 1375.00 09/10/04 1837.50 08/13/04 -100.002004 08/12/03 387.50 09/25/03 374.50 -13.00 -650.00 08/18/03 1475.00 09/18/03 -1400.002003 08/12/02 393.00 09/25/02 461.50 68.50 3425.00 09/09/02 4237.502002 08/13/01 342.50 09/25/01 333.25 -9.25 -462.50 08/29/01 475.00 09/19/01 -462.502001 08/14/00 326.50 09/25/00 332.00 5.50 275.00 08/29/00 725.002000 08/12/99 357.50 09/24/99 359.50 2.00 100.00 09/07/99 800.00 09/22/99 -375.001999 08/12/98 345.50 09/25/98 359.75 14.25 712.50 09/24/98 812.50 08/26/98 -587.501998 08/12/97 402.00 09/25/97 403.00 1.00 50.00 08/28/97 650.00 08/15/97 -350.001997 08/12/96 475.00 09/25/96 411.00 -64.00 -3200.00 09/19/96 -3500.001996 08/14/95 438.00 09/25/95 475.50 37.50 1875.00 09/21/95 2150.00 08/17/95 -725.001995 08/12/94 352.50 09/23/94 400.50 48.00 2400.00 09/23/94 2400.001994 08/12/93 309.00 09/24/93 319.00 10.00 500.00 09/21/93 600.00
Percentage Correct 80
Average Profit on Winning Trades 31.79 1589.58 Winners 12
Average Loss on Trades -28.75 -1437.50 Losers 3
Average Net Profit Per Trade 19.68 984.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Wheat(KCBT)—MayBuy on approximately 08/13 - Exit on approximately 10/23 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 08/13/07 645.00 10/23/07 834.00 189.00 9450.00 10/01/07 11750.002007 08/14/06 466.00 10/23/06 539.50 73.50 3675.00 10/23/06 3675.00 09/14/06 -400.002006 08/15/05 352.50 10/21/05 373.50 21.00 1050.00 10/12/05 1775.00 09/07/05 -387.502005 08/13/04 342.00 10/22/04 344.50 2.50 125.00 09/16/04 1450.00 10/08/04 -125.002004 08/13/03 367.00 10/23/03 373.00 6.00 300.00 08/18/03 550.00 10/17/03 -1300.002003 08/13/02 390.00 10/23/02 423.50 33.50 1675.00 09/09/02 2925.00 08/21/02 -500.002002 08/13/01 334.00 10/23/01 304.75 -29.25 -1462.50 08/24/01 25.00 10/15/01 -1950.002001 08/14/00 315.00 10/23/00 325.00 10.00 500.00 10/10/00 1537.50 08/22/00 -50.002000 08/13/99 328.00 10/22/99 304.00 -24.00 -1200.00 09/07/99 350.00 10/08/99 -1487.501999 08/13/98 312.50 10/23/98 343.00 30.50 1525.00 10/13/98 1675.00 09/01/98 -625.001998 08/13/97 394.00 10/23/97 397.00 3.00 150.00 08/29/97 600.00 10/01/97 -650.001997 08/13/96 448.50 10/23/96 384.50 -64.00 -3200.00 08/26/96 325.00 10/22/96 -3325.001996 08/14/95 422.50 10/23/95 482.50 60.00 3000.00 10/20/95 3025.00 08/17/95 -500.001995 08/15/94 354.00 10/21/94 389.50 35.50 1775.00 10/03/94 2200.001994 08/13/93 309.00 10/22/93 315.25 6.25 312.50 10/21/93 450.00 08/26/93 -225.00
Percentage Correct 80
Average Profit on Winning Trades 39.23 1961.46 Winners 12
Average Loss on Trades -39.08 -1954.17 Losers 3
Average Net Profit Per Trade 23.57 1178.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
92 HISTORICAL GRAINS REPORT
Buy Dec Wheat(KCBT) / Sell Jul Wheat(KCBT)Enter on approximately 08/19 - Exit on approximately 10/11
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/20/07 91.00 10/11/07 200.25 109.25 5462.50 09/11/07 8350.002006 08/21/06 24.50 10/11/06 78.00 53.50 2675.00 10/11/06 2675.00 10/03/06 -650.002005 08/19/05 -2.75 10/11/05 4.00 6.75 337.50 09/15/05 775.00 08/22/05 -62.502004 08/19/04 -19.25 10/11/04 -8.00 11.25 562.50 09/21/04 775.002003 08/19/03 37.25 10/10/03 5.50 -31.75 -1587.50 08/20/03 200.00 10/09/03 -1637.502002 08/19/02 27.75 10/11/02 85.50 57.75 2887.50 10/01/02 3400.00 08/21/02 -87.502001 08/20/01 -27.00 10/11/01 -18.25 8.75 437.50 10/11/01 437.502000 08/21/00 -28.25 10/11/00 -22.00 6.25 312.50 10/11/00 312.50 08/24/00 -87.501999 08/19/99 -25.75 10/11/99 -34.25 -8.50 -425.00 10/07/99 -512.501998 08/19/98 -28.25 10/09/98 -27.00 1.25 62.50 10/07/98 237.50 09/01/98 -125.001997 08/19/97 -5.75 10/10/97 -20.75 -15.00 -750.00 08/29/97 187.50 10/02/97 -912.501996 08/19/96 56.00 10/11/96 57.00 1.00 50.00 08/20/96 400.00 09/06/96 -912.501995 08/21/95 69.00 10/11/95 72.00 3.00 150.00 09/20/95 737.50 08/22/95 -12.501994 08/19/94 19.75 10/11/94 59.25 39.50 1975.00 10/11/94 1975.00 08/23/94 -137.501993 08/19/93 14.50 10/11/93 17.50 3.00 150.00 10/11/93 150.00 08/26/93 -325.00
Percentage Correct 80
Average Profit on Winning Trades 25.10 1255.21 Winners 12
Average Loss on Trades -18.42 -920.83 Losers 3
Average Net Profit Per Trade 16.40 820.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Dec Wheat(MGE) / Sell Jul Wheat(MGE)Enter on approximately 08/24 - Exit on approximately 11/25
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/24/07 53.50 11/23/07 108.00 54.50 2725.00 09/11/07 3625.00 08/28/07 -425.002006 08/24/06 -14.75 11/24/06 -8.50 6.25 312.50 10/11/06 1450.00 09/25/06 -662.502005 08/24/05 -21.25 11/25/05 4.25 25.50 1275.00 11/21/05 1275.00 08/29/05 -25.002004 08/24/04 -18.75 11/24/04 -14.25 4.50 225.00 11/08/04 962.50 09/02/04 -162.502003 08/25/03 10.00 11/25/03 12.00 2.00 100.00 09/02/03 112.50 10/08/03 -1300.002002 08/26/02 30.25 11/25/02 12.00 -18.25 -912.50 09/20/02 1987.50 11/08/02 -1137.502001 08/24/01 -28.50 11/23/01 -26.50 2.00 100.00 10/17/01 350.00 09/14/01 -87.502000 08/24/00 -29.50 11/24/00 -29.00 0.50 25.00 10/11/00 87.50 09/13/00 -150.001999 08/24/99 -24.25 11/24/99 -23.00 1.25 62.50 11/03/99 237.50 10/05/99 -412.501998 08/24/98 -18.00 11/25/98 -0.25 17.75 887.50 11/20/98 1050.00 09/14/98 -675.001997 08/25/97 0.25 11/25/97 -15.00 -15.25 -762.50 08/27/97 537.50 11/20/97 -1025.001996 08/26/96 23.25 11/25/96 58.50 35.25 1762.50 11/25/96 1762.50 09/20/96 -825.001995 08/24/95 44.75 11/24/95 46.00 1.25 62.50 08/25/95 187.50 10/17/95 -975.001994 08/24/94 7.25 11/25/94 12.75 5.50 275.00 10/11/94 1387.501993 08/24/93 9.50 11/24/93 80.00 70.50 3525.00 11/24/93 3525.00 10/04/93 -300.00
Percentage Correct 87
Average Profit on Winning Trades 17.44 872.12 Winners 13
Average Loss on Trades -16.75 -837.50 Losers 2
Average Net Profit Per Trade 12.88 644.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 93
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lesBuy Dec Wheat(KCBT) / Sell Dec Wheat(CBOT)
Enter on approximately 09/07 - Exit on approximately 09/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/07/07 -36.00 09/28/07 -9.75 26.25 1312.50 09/28/07 1312.502006 09/07/06 63.75 09/29/06 53.00 -10.75 -537.50 09/19/06 400.00 09/28/06 -687.502005 09/07/05 24.25 09/29/05 36.75 12.50 625.00 09/16/05 937.502004 09/07/04 18.25 09/29/04 27.75 9.50 475.00 09/24/04 587.502003 09/08/03 -2.75 09/29/03 -2.50 0.25 12.50 09/11/03 137.50 09/24/03 -25.002002 09/09/02 65.75 09/27/02 68.50 2.75 137.50 09/27/02 137.50 09/17/02 -600.002001 09/07/01 21.25 09/28/01 21.75 0.50 25.00 09/19/01 400.00 09/26/01 -137.502000 09/07/00 38.75 09/29/00 55.00 16.25 812.50 09/29/00 812.501999 09/07/99 18.25 09/29/99 20.00 1.75 87.50 09/20/99 200.001998 09/08/98 24.75 09/29/98 31.50 6.75 337.50 09/25/98 400.00 09/10/98 -75.001997 09/08/97 5.25 09/29/97 10.25 5.00 250.00 09/26/97 387.50 09/12/97 -25.001996 09/09/96 -1.75 09/27/96 10.75 12.50 625.00 09/27/96 625.001995 09/07/95 0.00 09/29/95 8.50 8.50 425.00 09/28/95 500.001994 09/07/94 2.50 09/29/94 5.75 3.25 162.50 09/28/94 225.00 09/09/94 -37.501993 09/07/93 1.75 09/29/93 4.25 2.50 125.00 09/22/93 237.50 09/08/93 -12.50
Percentage Correct 93
Average Profit on Winning Trades 7.73 386.61 Winners 14
Average Loss on Trades -10.75 -537.50 Losers 1
Average Net Profit Per Trade 6.50 325.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Dec Wheat(MGE) / Sell Dec Wheat(CBOT)Enter on approximately 09/07 - Exit on approximately 10/14
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/07/07 -69.50 10/12/07 12.50 82.00 4100.00 10/12/07 4100.002006 09/07/06 44.75 10/13/06 -3.75 -48.50 -2425.00 09/14/06 250.00 10/13/06 -2425.002005 09/07/05 16.75 10/14/05 48.25 31.50 1575.00 10/13/05 1675.00 09/08/05 -50.002004 09/07/04 42.00 10/14/04 55.00 13.00 650.00 10/14/04 650.002003 09/08/03 2.00 10/14/03 18.50 16.50 825.00 10/14/03 825.002002 09/09/02 88.00 10/14/02 119.25 31.25 1562.50 10/10/02 1825.00 09/16/02 -675.002001 09/07/01 34.25 10/12/01 29.75 -4.50 -225.00 09/19/01 712.50 10/10/01 -387.502000 09/07/00 49.00 10/13/00 65.50 16.50 825.00 10/13/00 825.001999 09/07/99 63.50 10/14/99 68.00 4.50 225.00 10/11/99 487.50 09/29/99 -450.001998 09/08/98 59.75 10/14/98 66.50 6.75 337.50 10/05/98 712.50 09/14/98 -262.501997 09/08/97 19.25 10/14/97 27.50 8.25 412.50 10/06/97 912.501996 09/09/96 -18.00 10/14/96 -7.50 10.50 525.00 10/04/96 762.50 09/10/96 -37.501995 09/07/95 -3.00 10/13/95 8.75 11.75 587.50 10/06/95 825.00 09/12/95 -12.501994 09/07/94 -1.75 10/14/94 1.75 3.50 175.00 09/27/94 237.50 09/14/94 -100.001993 09/07/93 15.75 10/14/93 17.50 1.75 87.50 09/16/93 200.00 10/07/93 -537.50
Percentage Correct 87
Average Profit on Winning Trades 18.29 914.42 Winners 13
Average Loss on Trades -26.50 -1325.00 Losers 2
Average Net Profit Per Trade 12.32 615.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
94 HISTORICAL GRAINS REPORT
Wheat(MGE)—DecemberBuy on approximately 09/19 - Exit on approximately 10/21 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/19/07 798.25 10/19/07 869.75 71.50 3575.00 10/01/07 6412.502006 09/19/06 456.50 10/20/06 509.75 53.25 2662.50 10/11/06 3637.50 09/25/06 -125.002005 09/19/05 356.75 10/21/05 371.50 14.75 737.50 10/13/05 1850.00 09/20/05 -125.002004 09/20/04 374.25 10/21/04 361.00 -13.25 -662.50 09/21/04 237.50 10/01/04 -962.502003 09/19/03 350.25 10/21/03 354.75 4.50 225.00 10/02/03 837.50 10/10/03 -337.502002 09/19/02 487.00 10/21/02 492.75 5.75 287.50 10/01/02 1412.50 10/14/02 -225.002001 09/19/01 311.25 10/19/01 314.25 3.00 150.00 09/20/01 150.00 10/02/01 -537.502000 09/19/00 306.25 10/20/00 324.75 18.50 925.00 10/12/00 1537.50 09/21/00 -37.501999 09/20/99 331.00 10/21/99 327.75 -3.25 -162.50 09/28/99 662.50 10/14/99 -375.001998 09/21/98 342.00 10/21/98 359.00 17.00 850.00 10/07/98 1225.00 10/01/98 -50.001997 09/19/97 397.00 10/21/97 407.75 10.75 537.50 10/21/97 537.50 10/01/97 -512.501996 09/19/96 406.25 10/21/96 409.50 3.25 162.50 09/30/96 875.001995 09/19/95 485.00 10/20/95 510.50 25.50 1275.00 10/20/95 1275.00 09/25/95 -212.501994 09/19/94 389.50 10/21/94 405.50 16.00 800.00 10/11/94 1350.001993 09/20/93 321.00 10/21/93 360.75 39.75 1987.50 10/21/93 1987.50 10/04/93 -75.00
Percentage Correct 87
Average Profit on Winning Trades 21.81 1090.38 Winners 13
Average Loss on Trades -8.25 -412.50 Losers 2
Average Net Profit Per Trade 17.80 890.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Wheat(CBOT)—DecemberBuy on approximately 09/19 - Exit on approximately 10/22 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/19/07 845.00 10/22/07 871.00 26.00 1300.00 10/01/07 5375.00 10/17/07 -1225.002006 09/19/06 409.00 10/20/06 505.00 96.00 4800.00 10/16/06 6675.00 09/20/06 -62.502005 09/19/05 320.25 10/21/05 330.00 9.75 487.50 10/03/05 1425.002004 09/20/04 328.75 10/22/04 308.50 -20.25 -1012.50 09/21/04 300.00 10/06/04 -1337.502003 09/19/03 347.25 10/22/03 354.50 7.25 362.50 10/01/03 850.00 10/14/03 -1087.502002 09/19/02 395.50 10/22/02 403.75 8.25 412.50 10/18/02 875.00 10/14/02 -1612.502001 09/19/01 262.75 10/22/01 282.00 19.25 962.50 10/19/01 1212.502000 09/19/00 249.25 10/20/00 261.25 12.00 600.00 10/11/00 1375.00 09/21/00 -87.501999 09/20/99 272.25 10/22/99 258.00 -14.25 -712.50 09/28/99 675.00 10/11/99 -937.501998 09/21/98 270.75 10/22/98 294.00 23.25 1162.50 10/08/98 1412.50 10/01/98 -87.501997 09/19/97 367.50 10/22/97 374.00 6.50 325.00 10/21/97 425.00 10/01/97 -837.501996 09/19/96 416.75 10/22/96 399.50 -17.25 -862.50 09/30/96 962.50 10/22/96 -862.501995 09/19/95 487.75 10/20/95 508.75 21.00 1050.00 10/20/95 1050.00 10/06/95 -637.501994 09/19/94 390.75 10/21/94 397.25 6.50 325.00 10/11/94 1275.00 09/29/94 -112.501993 09/20/93 310.25 10/22/93 335.50 25.25 1262.50 10/21/93 1450.00
Percentage Correct 80
Average Profit on Winning Trades 21.75 1087.50 Winners 12
Average Loss on Trades -17.25 -862.50 Losers 3
Average Net Profit Per Trade 13.95 697.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 95
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Wheat(KCBT)—DecemberBuy on approximately 09/19 - Exit on approximately 10/22 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/19/07 828.50 10/22/07 888.00 59.50 2975.00 10/01/07 6037.502006 09/19/06 480.75 10/20/06 531.00 50.25 2512.50 10/16/06 3262.50 09/25/06 -487.502005 09/19/05 362.75 10/21/05 370.00 7.25 362.50 10/12/05 1275.00 09/20/05 -237.502004 09/20/04 357.50 10/22/04 336.00 -21.50 -1075.00 09/21/04 287.50 10/06/04 -1325.002003 09/19/03 344.50 10/22/03 354.25 9.75 487.50 10/01/03 887.50 10/17/03 -650.002002 09/19/02 458.50 10/22/02 470.50 12.00 600.00 10/16/02 1387.50 09/23/02 -287.502001 09/19/01 292.00 10/22/01 289.50 -2.50 -125.00 09/27/01 150.00 10/02/01 -550.002000 09/19/00 297.50 10/20/00 309.00 11.50 575.00 10/12/00 1462.50 09/21/00 -187.501999 09/20/99 294.50 10/22/99 279.00 -15.50 -775.00 09/28/99 562.50 10/11/99 -1012.501998 09/21/98 299.25 10/22/98 327.50 28.25 1412.50 10/22/98 1412.501997 09/19/97 380.00 10/22/97 384.50 4.50 225.00 10/21/97 375.00 10/01/97 -887.501996 09/19/96 426.50 10/22/96 427.25 0.75 37.50 10/14/96 900.00 10/21/96 -150.001995 09/19/95 490.25 10/20/95 522.75 32.50 1625.00 10/20/95 1625.00 09/25/95 -212.501994 09/19/94 394.50 10/21/94 406.25 11.75 587.50 10/11/94 1300.00 09/29/94 -12.501993 09/20/93 316.00 10/22/93 337.25 21.25 1062.50 10/21/93 1125.00
Percentage Correct 80
Average Profit on Winning Trades 20.77 1038.54 Winners 12
Average Loss on Trades -13.17 -658.33 Losers 3
Average Net Profit Per Trade 13.98 699.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Wheat(KCBT)—MarchSell on approximately 10/14 - Exit on approximately 12/10 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 10/15/07 852.00 12/10/07 961.50 -109.50 -5475.00 11/13/07 3800.00 12/10/07 -5475.002007 10/16/06 555.00 12/08/06 506.50 48.50 2425.00 12/08/06 2425.00 10/24/06 -125.002006 10/14/05 385.50 12/09/05 358.00 27.50 1375.00 11/23/05 1650.002005 10/14/04 349.00 12/10/04 335.25 13.75 687.50 12/02/04 1225.00 11/08/04 -512.502004 10/14/03 341.50 12/10/03 398.00 -56.50 -2825.00 10/17/03 137.50 12/03/03 -3500.002003 10/14/02 456.00 12/10/02 381.00 75.00 3750.00 12/10/02 3750.00 10/16/02 -937.502002 10/15/01 290.75 12/10/01 287.50 3.25 162.50 11/28/01 187.50 10/26/01 -887.502001 10/16/00 336.75 12/08/00 320.25 16.50 825.00 10/23/00 925.002000 10/14/99 291.50 12/10/99 269.25 22.25 1112.50 12/09/99 1162.50 10/19/99 -362.501999 10/14/98 337.00 12/10/98 314.00 23.00 1150.00 12/09/98 1237.50 10/26/98 -375.001998 10/14/97 388.75 12/10/97 367.50 21.25 1062.50 11/25/97 1450.00 10/21/97 -500.001997 10/14/96 424.50 12/10/96 398.50 26.00 1300.00 11/05/96 2450.001996 10/16/95 508.75 12/08/95 505.00 3.75 187.50 11/21/95 987.50 10/20/95 -475.001995 10/14/94 417.75 12/09/94 394.50 23.25 1162.50 11/25/94 1850.001994 10/14/93 326.25 12/10/93 371.25 -45.00 -2250.00 10/28/93 300.00 12/10/93 -2250.00
Percentage Correct 80
Average Profit on Winning Trades 25.33 1266.67 Winners 12
Average Loss on Trades -70.33 -3516.67 Losers 3
Average Net Profit Per Trade 6.20 310.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
96 HISTORICAL GRAINS REPORT
Wheat(MGE)—MarchSell on approximately 10/16 - Exit on approximately 12/10 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 10/16/07 839.25 12/10/07 1018.00 -178.75 -8937.50 11/13/07 1875.00 12/10/07 -8937.502007 10/16/06 542.75 12/08/06 499.00 43.75 2187.50 12/08/06 2187.502006 10/17/05 388.50 12/09/05 366.75 21.75 1087.50 11/23/05 1187.502005 10/18/04 376.00 12/10/04 348.25 27.75 1387.50 11/29/04 1837.50 10/19/04 -100.002004 10/16/03 353.00 12/10/03 402.00 -49.00 -2450.00 10/17/03 300.00 12/03/03 -2725.002003 10/16/02 502.25 12/10/02 395.25 107.00 5350.00 12/10/02 5350.002002 10/16/01 316.75 12/10/01 308.00 8.75 437.50 11/29/01 525.00 10/26/01 -537.502001 10/16/00 349.25 12/08/00 324.75 24.50 1225.00 12/07/00 1262.502000 10/18/99 339.50 12/10/99 318.50 21.00 1050.00 12/09/99 1100.00 10/25/99 -75.001999 10/16/98 371.25 12/10/98 358.00 13.25 662.50 12/09/98 787.50 10/26/98 -262.501998 10/16/97 401.75 12/10/97 388.00 13.75 687.50 11/20/97 937.50 10/21/97 -612.501997 10/16/96 400.50 12/10/96 379.00 21.50 1075.00 11/05/96 1575.00 10/17/96 -12.501996 10/16/95 507.25 12/08/95 498.50 8.75 437.50 12/04/95 1237.50 10/20/95 -575.001995 10/17/94 419.00 12/09/94 388.75 30.25 1512.50 11/23/94 1887.50 10/24/94 -37.501994 10/18/93 331.00 12/10/93 387.50 -56.50 -2825.00 10/28/93 175.00 12/08/93 -2875.00
Percentage Correct 80
Average Profit on Winning Trades 28.50 1425.00 Winners 12
Average Loss on Trades -94.75 -4737.50 Losers 3
Average Net Profit Per Trade 3.85 192.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Wheat(MGE)—MarchSell on approximately 10/16 - Exit on approximately 01/06 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 10/16/06 542.75 01/05/07 487.00 55.75 2787.50 01/04/07 2825.002006 10/17/05 388.50 01/06/06 383.50 5.00 250.00 11/23/05 1187.50 01/03/06 -400.002005 10/18/04 376.00 01/06/05 345.00 31.00 1550.00 01/04/05 2012.50 10/19/04 -100.002004 10/16/03 353.00 01/06/04 407.25 -54.25 -2712.50 10/17/03 300.00 01/02/04 -3137.502003 10/16/02 502.25 01/06/03 378.75 123.50 6175.00 12/31/02 6250.002002 10/16/01 316.75 01/04/02 307.50 9.25 462.50 01/02/02 862.50 10/26/01 -537.502001 10/16/00 349.25 01/05/01 330.50 18.75 937.50 12/15/00 1475.002000 10/18/99 339.50 01/06/00 315.75 23.75 1187.50 12/15/99 1312.50 10/25/99 -75.001999 10/16/98 371.25 01/06/99 360.50 10.75 537.50 12/15/98 812.50 10/26/98 -262.501998 10/16/97 401.75 01/06/98 361.00 40.75 2037.50 01/06/98 2037.50 10/21/97 -612.501997 10/16/96 400.50 01/06/97 384.00 16.50 825.00 11/05/96 1575.00 10/17/96 -12.501996 10/16/95 507.25 01/05/96 483.75 23.50 1175.00 12/04/95 1237.50 10/20/95 -575.001995 10/17/94 419.00 01/06/95 385.50 33.50 1675.00 12/14/94 1962.50 10/24/94 -37.501994 10/18/93 331.00 01/06/94 394.25 -63.25 -3162.50 10/28/93 175.00 12/29/93 -3712.501993 10/16/92 343.00 01/06/93 341.75 1.25 62.50 12/29/92 500.00 11/16/92 -650.00
Percentage Correct 87
Average Profit on Winning Trades 30.25 1512.50 Winners 13
Average Loss on Trades -58.75 -2937.50 Losers 2
Average Net Profit Per Trade 18.38 919.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Wheat(MGE)—JulySell on approximately 10/23 - Exit on approximately 12/11 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 10/23/07 759.00 12/11/07 932.00 -173.00 -8650.00 11/01/07 1600.00 12/10/07 -9450.002007 10/23/06 529.00 12/11/06 508.50 20.50 1025.00 11/10/06 1600.00 11/30/06 -150.002006 10/24/05 375.75 12/09/05 361.00 14.75 737.50 11/23/05 812.50 10/26/05 -312.502005 10/25/04 376.75 12/10/04 351.50 25.25 1262.50 11/29/04 1462.50 10/28/04 -250.002004 10/23/03 384.00 12/11/03 381.00 3.00 150.00 11/19/03 700.00 11/14/03 -425.002003 10/23/02 445.00 12/11/02 382.50 62.50 3125.00 12/10/02 3250.00 11/04/02 -262.502002 10/23/01 336.00 12/11/01 319.00 17.00 850.00 12/11/01 850.00 10/30/01 -300.002001 10/23/00 349.25 12/11/00 337.75 11.50 575.00 12/11/00 575.00 11/08/00 -412.502000 10/25/99 354.00 12/10/99 332.75 21.25 1062.50 12/09/99 1112.501999 10/23/98 380.75 12/11/98 363.00 17.75 887.50 12/11/98 887.50 10/26/98 -112.501998 10/23/97 412.00 12/11/97 391.50 20.50 1025.00 11/25/97 1025.001997 10/23/96 380.00 12/11/96 359.00 21.00 1050.00 12/04/96 1550.001996 10/23/95 474.00 12/11/95 461.50 12.50 625.00 11/21/95 1350.001995 10/24/94 375.00 12/09/94 367.00 8.00 400.00 11/22/94 1000.001994 10/25/93 319.00 12/10/93 342.00 -23.00 -1150.00 10/28/93 300.00 11/26/93 -1200.00
Percentage Correct 87
Average Profit on Winning Trades 19.65 982.69 Winners 13
Average Loss on Trades -98.00 -4900.00 Losers 2
Average Net Profit Per Trade 3.97 198.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Wheat(KCBT)—MarchSell on approximately 10/23 - Exit on approximately 12/13 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 10/23/06 551.00 12/13/06 508.75 42.25 2112.50 12/12/06 2287.50 10/24/06 -325.002006 10/24/05 371.50 12/13/05 360.00 11.50 575.00 11/23/05 950.00 10/27/05 -487.502005 10/25/04 347.25 12/13/04 335.25 12.00 600.00 12/02/04 1137.50 11/08/04 -600.002004 10/23/03 373.50 12/12/03 393.00 -19.50 -975.00 11/04/03 250.00 12/03/03 -1900.002003 10/23/02 452.50 12/13/02 385.50 67.00 3350.00 12/10/02 3575.00 11/04/02 -587.502002 10/23/01 300.75 12/13/01 283.25 17.50 875.00 12/13/01 875.00 10/26/01 -387.502001 10/23/00 318.25 12/13/00 316.00 2.25 112.50 12/12/00 112.50 11/24/00 -750.002000 10/25/99 297.25 12/13/99 263.25 34.00 1700.00 12/13/99 1700.00 11/08/99 -62.501999 10/23/98 339.00 12/11/98 312.50 26.50 1325.00 12/09/98 1337.50 10/26/98 -275.001998 10/23/97 391.00 12/12/97 354.00 37.00 1850.00 12/12/97 1850.00 10/24/97 -87.501997 10/23/96 406.25 12/13/96 404.75 1.50 75.00 11/05/96 1537.50 11/25/96 -150.001996 10/23/95 515.25 12/13/95 504.75 10.50 525.00 11/21/95 1312.501995 10/24/94 417.25 12/13/94 386.00 31.25 1562.50 11/25/94 1825.001994 10/25/93 331.25 12/13/93 369.00 -37.75 -1887.50 10/28/93 550.00 12/10/93 -2000.001993 10/23/92 337.75 12/11/92 352.00 -14.25 -712.50 10/26/92 87.50 11/16/92 -1225.00
Percentage Correct 80
Average Profit on Winning Trades 24.44 1221.88 Winners 12
Average Loss on Trades -23.83 -1191.67 Losers 3
Average Net Profit Per Trade 14.78 739.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
98 HISTORICAL GRAINS REPORT
Buy Jul Wheat(KCBT) / Sell Jul Wheat(MGE)Enter on approximately 11/11 - Exit on approximately 01/24
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/13/06 -11.25 01/24/07 -11.00 0.25 12.50 11/22/06 487.50 12/27/06 -375.002006 11/11/05 -15.00 01/24/06 -10.50 4.50 225.00 12/28/05 350.00 11/21/05 -162.502005 11/11/04 -29.50 01/24/05 -21.00 8.50 425.00 01/20/05 625.00 12/06/04 -187.502004 11/11/03 -18.50 01/23/04 -10.00 8.50 425.00 01/12/04 650.00 11/21/03 -387.502003 11/11/02 -70.50 01/24/03 -39.00 31.50 1575.00 01/06/03 2250.00 11/15/02 -37.502002 11/12/01 -28.00 01/24/02 -12.25 15.75 787.50 01/24/02 787.50 11/13/01 -50.002001 11/13/00 -13.00 01/24/01 5.75 18.75 937.50 01/12/01 1075.002000 11/11/99 -38.25 01/24/00 -29.75 8.50 425.00 01/18/00 525.00 11/30/99 -387.501999 11/11/98 -29.00 01/22/99 -33.00 -4.00 -200.00 11/12/98 12.50 12/31/98 -500.001998 11/11/97 -18.00 01/23/98 -17.50 0.50 25.00 11/14/97 212.50 01/12/98 -650.001997 11/11/96 -16.00 01/24/97 -0.25 15.75 787.50 01/14/97 800.00 12/19/96 -150.001996 11/13/95 -29.75 01/24/96 -5.50 24.25 1212.50 01/24/96 1212.501995 11/11/94 -21.00 01/24/95 -16.25 4.75 237.50 01/17/95 612.50 12/28/94 -112.501994 11/11/93 -10.75 01/24/94 -18.75 -8.00 -400.00 11/12/93 137.50 01/10/94 -487.501993 11/11/92 -7.25 01/22/93 -5.25 2.00 100.00 11/30/92 362.50 12/21/92 -162.50
Percentage Correct 87
Average Profit on Winning Trades 11.04 551.92 Winners 13
Average Loss on Trades -6.00 -300.00 Losers 2
Average Net Profit Per Trade 8.77 438.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Sep Wheat(KCBT) / Sell May Wheat(KCBT)Enter on approximately 11/12 - Exit on approximately 01/30
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/13/06 -33.00 01/30/07 14.00 47.00 2350.00 01/30/07 2350.00 11/17/06 -237.502006 11/14/05 -2.50 01/30/06 3.25 5.75 287.50 01/18/06 375.00 11/18/05 -137.502005 11/12/04 -4.25 01/28/05 -2.75 1.50 75.00 11/26/04 587.50 01/14/05 -100.002004 11/12/03 -21.50 01/30/04 -0.50 21.00 1050.00 01/26/04 1075.00 11/28/03 -50.002003 11/12/02 -38.00 01/30/03 -9.25 28.75 1437.50 01/10/03 1837.50 11/15/02 -425.002002 11/12/01 11.25 01/30/02 13.25 2.00 100.00 01/10/02 187.50 11/27/01 -62.502001 11/13/00 15.00 01/30/01 18.75 3.75 187.50 01/29/01 225.00 12/29/00 -112.502000 11/12/99 18.00 01/28/00 19.50 1.50 75.00 01/05/00 100.00 11/23/99 -62.501999 11/12/98 10.00 01/29/99 15.50 5.50 275.00 01/27/99 362.50 11/18/98 -100.001998 11/12/97 9.00 01/30/98 12.50 3.50 175.00 12/19/97 287.50 11/26/97 -250.001997 11/12/96 -18.00 01/30/97 -17.50 0.50 25.00 11/15/96 125.00 12/20/96 -550.001996 11/13/95 -38.50 01/30/96 -34.50 4.00 200.00 01/05/96 937.501995 11/14/94 -27.50 01/30/95 -14.25 13.25 662.50 01/19/95 825.00 12/28/94 -175.001994 11/12/93 -11.00 01/28/94 -8.50 2.50 125.00 11/15/93 125.00 01/07/94 -550.001993 11/12/92 -13.75 01/29/93 -11.75 2.00 100.00 11/30/92 300.00 01/19/93 -175.00
Percentage Correct 100
Average Profit on Winning Trades 9.50 475.00 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 9.50 475.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 99
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Wheat(KCBT)—MarchSell on approximately 11/14 - Exit on approximately 12/13 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/14/06 531.50 12/13/06 508.75 22.75 1137.50 12/12/06 1312.50 11/30/06 -937.502006 11/14/05 368.75 12/13/05 360.00 8.75 437.50 11/23/05 812.50 12/01/05 -262.502005 11/15/04 348.75 12/13/04 335.25 13.50 675.00 12/02/04 1212.50 11/17/04 -375.002004 11/14/03 401.50 12/12/03 393.00 8.50 425.00 11/19/03 1525.00 12/03/03 -500.002003 11/14/02 430.50 12/13/02 385.50 45.00 2250.00 12/10/02 2475.002002 11/14/01 292.50 12/13/01 283.25 9.25 462.50 12/13/01 462.50 11/16/01 -312.502001 11/14/00 324.00 12/13/00 316.00 8.00 400.00 12/12/00 400.00 11/24/00 -462.502000 11/15/99 291.00 12/13/99 263.25 27.75 1387.50 12/13/99 1387.50 11/16/99 -25.001999 11/16/98 334.25 12/11/98 312.50 21.75 1087.50 12/09/98 1100.00 11/18/98 -275.001998 11/14/97 366.50 12/12/97 354.00 12.50 625.00 12/12/97 625.00 12/08/97 -262.501997 11/14/96 403.00 12/13/96 404.75 -1.75 -87.50 12/03/96 725.00 11/25/96 -312.501996 11/14/95 495.00 12/13/95 504.75 -9.75 -487.50 11/21/95 300.00 12/11/95 -625.001995 11/14/94 393.00 12/13/94 386.00 7.00 350.00 11/25/94 612.50 12/08/94 -100.001994 11/15/93 345.50 12/13/93 369.00 -23.50 -1175.00 12/10/93 -1287.501993 11/16/92 362.25 12/11/92 352.00 10.25 512.50 12/10/92 737.50
Percentage Correct 80
Average Profit on Winning Trades 16.25 812.50 Winners 12
Average Loss on Trades -11.67 -583.33 Losers 3
Average Net Profit Per Trade 10.67 533.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Wheat(CBOT)—MarchSell on approximately 11/14 - Exit on approximately 12/13 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/14/06 506.00 12/13/06 488.50 17.50 875.00 12/12/06 1200.00 11/30/06 -775.002006 11/14/05 328.00 12/13/05 318.50 9.50 475.00 12/09/05 1025.002005 11/15/04 317.00 12/13/04 299.00 18.00 900.00 12/02/04 1037.50 11/17/04 -637.502004 11/14/03 416.00 12/12/03 393.50 22.50 1125.00 11/19/03 1950.002003 11/14/02 388.50 12/13/02 353.00 35.50 1775.00 12/10/02 1950.002002 11/14/01 290.25 12/13/01 282.50 7.75 387.50 11/29/01 425.00 11/19/01 -350.002001 11/14/00 273.50 12/13/00 270.25 3.25 162.50 11/29/00 187.50 12/04/00 -300.002000 11/15/99 266.00 12/13/99 237.75 28.25 1412.50 12/13/99 1412.50 11/16/99 -37.501999 11/16/98 303.00 12/11/98 272.75 30.25 1512.50 12/11/98 1512.50 11/18/98 -337.501998 11/14/97 355.25 12/12/97 344.25 11.00 550.00 12/12/97 550.00 12/08/97 -362.501997 11/14/96 390.50 12/13/96 389.00 1.50 75.00 12/04/96 1012.50 11/20/96 -225.001996 11/14/95 495.00 12/13/95 506.50 -11.50 -575.00 11/15/95 412.50 12/11/95 -725.001995 11/14/94 392.00 12/13/94 386.00 6.00 300.00 11/23/94 687.50 12/08/94 -137.501994 11/15/93 343.75 12/13/93 362.75 -19.00 -950.00 12/10/93 -1100.001993 11/16/92 372.25 12/11/92 361.75 10.50 525.00 12/10/92 762.50 11/25/92 -162.50
Percentage Correct 87
Average Profit on Winning Trades 15.50 775.00 Winners 13
Average Loss on Trades -15.25 -762.50 Losers 2
Average Net Profit Per Trade 11.40 570.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
100 HISTORICAL GRAINS REPORT
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Wheat(MGE)—MarchSell on approximately 11/14 - Exit on approximately 12/14 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/14/06 516.00 12/14/06 508.25 7.75 387.50 12/08/06 850.00 11/30/06 -700.002006 11/14/05 379.50 12/14/05 374.50 5.00 250.00 11/23/05 737.50 12/01/05 -25.002005 11/15/04 372.00 12/14/04 348.00 24.00 1200.00 11/29/04 1637.50 11/17/04 -162.502004 11/14/03 399.75 12/12/03 398.50 1.25 62.50 11/19/03 1500.00 12/03/03 -387.502003 11/14/02 453.75 12/13/02 401.75 52.00 2600.00 12/10/02 2925.002002 11/14/01 315.00 12/14/01 304.25 10.75 537.50 12/12/01 562.50 11/16/01 -100.002001 11/14/00 334.50 12/14/00 320.75 13.75 687.50 12/13/00 700.00 11/24/00 -137.502000 11/15/99 335.25 12/14/99 314.25 21.00 1050.00 12/13/99 1050.00 11/16/99 -62.501999 11/16/98 369.00 12/14/98 358.25 10.75 537.50 12/09/98 675.00 11/18/98 -262.501998 11/14/97 386.25 12/12/97 373.50 12.75 637.50 12/12/97 637.50 12/08/97 -237.501997 11/14/96 392.75 12/13/96 385.00 7.75 387.50 12/03/96 987.501996 11/14/95 496.00 12/14/95 494.50 1.50 75.00 12/04/95 675.00 12/11/95 -300.001995 11/14/94 395.25 12/14/94 379.75 15.50 775.00 12/14/94 775.001994 11/15/93 350.50 12/14/93 394.00 -43.50 -2175.00 12/14/93 -2175.001993 11/16/92 356.00 12/14/92 340.00 16.00 800.00 12/07/92 1037.50
Percentage Correct 93
Average Profit on Winning Trades 14.27 713.39 Winners 14
Average Loss on Trades -43.50 -2175.00 Losers 1
Average Net Profit Per Trade 10.42 520.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Sep Wheat(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 11/14 - Exit on approximately 02/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/14/06 -32.00 02/27/07 31.00 63.00 3150.00 02/15/07 3237.502006 11/14/05 25.00 02/27/06 33.00 8.00 400.00 02/27/06 400.002005 11/15/04 19.50 02/25/05 20.75 1.25 62.50 11/22/04 150.00 02/08/05 -75.002004 11/14/03 -46.00 02/27/04 14.00 60.00 3000.00 02/27/04 3000.002003 11/14/02 -65.00 02/27/03 0.00 65.00 3250.00 01/10/03 3412.50 11/15/02 -37.502002 11/14/01 9.25 02/27/02 15.75 6.50 325.00 02/27/02 325.00 01/04/02 -787.502001 11/14/00 30.00 02/27/01 33.00 3.00 150.00 02/16/01 237.50 11/15/00 -37.502000 11/15/99 28.00 02/25/00 32.00 4.00 200.00 02/24/00 312.50 11/23/99 -12.501999 11/16/98 28.00 02/26/99 32.25 4.25 212.50 02/25/99 225.00 11/18/98 -62.501998 11/14/97 19.50 02/27/98 27.00 7.50 375.00 02/26/98 450.00 12/05/97 -250.001997 11/14/96 -35.50 02/27/97 0.25 35.75 1787.50 02/27/97 1787.50 12/19/96 -662.501996 11/14/95 -78.00 02/27/96 -43.00 35.00 1750.00 02/26/96 1750.00 11/24/95 -275.001995 11/14/94 -49.25 02/27/95 -14.00 35.25 1762.50 02/27/95 1762.50 12/27/94 -400.001994 11/15/93 -17.00 02/25/94 -9.50 7.50 375.00 02/24/94 450.00 01/06/94 -1362.501993 11/16/92 -44.75 02/26/93 -52.75 -8.00 -400.00 12/07/92 725.00 02/23/93 -400.00
Percentage Correct 93
Average Profit on Winning Trades 24.00 1200.00 Winners 14
Average Loss on Trades -8.00 -400.00 Losers 1
Average Net Profit Per Trade 21.87 1093.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 101
Whe
at S
trat
egy
Tab
lesBuy Dec Wheat(KCBT) / Sell Dec Wheat(CBOT)
Enter on approximately 11/17 - Exit on approximately 11/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/19/07 24.75 11/29/07 26.50 1.75 87.50 11/23/07 137.50 11/28/07 -112.502006 11/17/06 41.25 11/29/06 31.75 -9.50 -475.00 11/24/06 -1012.502005 11/17/05 49.50 11/29/05 58.75 9.25 462.50 11/29/05 462.502004 11/17/04 39.25 11/29/04 49.50 10.25 512.50 11/29/04 512.502003 11/17/03 -9.50 11/28/03 10.75 20.25 1012.50 11/28/03 1012.502002 11/18/02 44.50 11/29/02 59.75 15.25 762.50 11/29/02 762.50 11/19/02 -125.002001 11/19/01 0.00 11/29/01 7.00 7.00 350.00 11/29/01 350.002000 11/17/00 53.50 11/29/00 54.75 1.25 62.50 11/24/00 212.501999 11/17/99 25.75 11/29/99 28.50 2.75 137.50 11/26/99 162.50 11/19/99 -12.501998 11/17/98 36.75 11/27/98 37.00 0.25 12.50 11/27/98 12.50 11/23/98 -137.501997 11/17/97 13.00 11/28/97 15.75 2.75 137.50 11/26/97 162.50 11/21/97 -150.001996 11/18/96 26.50 11/29/96 43.50 17.00 850.00 11/27/96 850.001995 11/17/95 11.00 11/29/95 11.50 0.50 25.00 11/28/95 87.50 11/21/95 -275.001994 11/17/94 9.50 11/29/94 13.50 4.00 200.00 11/28/94 262.50 11/18/94 -75.001993 11/17/93 11.00 11/29/93 25.75 14.75 737.50 11/29/93 737.50 11/19/93 -112.50
Percentage Correct 93
Average Profit on Winning Trades 7.64 382.14 Winners 14
Average Loss on Trades -9.50 -475.00 Losers 1
Average Net Profit Per Trade 6.50 325.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Sep Wheat(MGE) / Sell May Wheat(MGE)Enter on approximately 11/21 - Exit on approximately 02/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/21/06 -28.50 02/27/07 15.00 43.50 2175.00 01/26/07 2312.502006 11/21/05 -6.50 02/27/06 10.50 17.00 850.00 02/24/06 900.00 12/01/05 -125.002005 11/22/04 -3.00 02/25/05 2.25 5.25 262.50 02/24/05 337.50 01/19/05 -262.502004 11/21/03 -34.75 02/27/04 -10.25 24.50 1225.00 01/27/04 1400.002003 11/21/02 -49.25 02/27/03 -12.25 37.00 1850.00 02/12/03 2087.50 11/22/02 -75.002002 11/21/01 12.25 02/27/02 14.00 1.75 87.50 11/29/01 112.50 11/23/01 -112.502001 11/21/00 14.00 02/27/01 17.25 3.25 162.50 02/27/01 162.50 12/29/00 -112.502000 11/22/99 13.00 02/25/00 13.50 0.50 25.00 12/30/99 300.00 12/17/99 -62.501999 11/23/98 5.50 02/26/99 10.75 5.25 262.50 02/25/99 262.50 01/26/99 -300.001998 11/21/97 7.25 02/27/98 16.75 9.50 475.00 02/27/98 475.00 12/08/97 -137.501997 11/21/96 -15.00 02/27/97 -14.25 0.75 37.50 02/10/97 250.00 12/18/96 -500.001996 11/21/95 -43.00 02/27/96 -38.50 4.50 225.00 01/05/96 812.50 11/24/95 -37.501995 11/21/94 -33.25 02/27/95 -6.75 26.50 1325.00 02/27/95 1325.00 11/28/94 -12.501994 11/22/93 -18.75 02/25/94 -14.25 4.50 225.00 02/25/94 225.00 12/14/93 -737.501993 11/23/92 -21.00 02/26/93 -11.25 9.75 487.50 02/16/93 737.50
Percentage Correct 100
Average Profit on Winning Trades 12.90 645.00 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 12.90 645.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
102 HISTORICAL GRAINS REPORT
Whe
at S
trat
egy
Tab
les
Wheat(CBOT)—MarchSell on approximately 11/23 - Exit on approximately 02/27 Contract Size: 5,000 bushels
CONTYEAR
SELLDATE
SELLPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/24/06 519.00 02/27/07 470.25 48.75 2437.50 01/10/07 3475.00 11/30/06 -125.002006 11/23/05 312.75 02/27/06 373.25 -60.50 -3025.00 12/09/05 262.50 02/27/06 -3025.002005 11/23/04 311.00 02/25/05 323.25 -12.25 -612.50 02/04/05 1162.50 02/25/05 -612.502004 11/24/03 390.25 02/27/04 380.75 9.50 475.00 12/24/03 1362.50 12/03/03 -1225.002003 11/25/02 383.50 02/27/03 309.00 74.50 3725.00 02/27/03 3725.00 11/27/02 -12.502002 11/23/01 296.25 02/27/02 271.50 24.75 1237.50 02/27/02 1237.50 01/11/02 -600.002001 11/24/00 278.75 02/27/01 257.50 21.25 1062.50 02/27/01 1062.50 01/11/01 -550.002000 11/23/99 259.25 02/25/00 248.00 11.25 562.50 12/13/99 1075.00 02/10/00 -625.001999 11/23/98 293.00 02/26/99 237.25 55.75 2787.50 02/26/99 2787.50 11/25/98 -100.001998 11/24/97 355.25 02/27/98 327.50 27.75 1387.50 02/25/98 1825.00 12/08/97 -362.501997 11/25/96 392.25 02/27/97 368.25 24.00 1200.00 02/10/97 1987.50 12/18/96 -425.001996 11/24/95 497.50 02/27/96 508.50 -11.00 -550.00 01/17/96 925.00 02/14/96 -1525.001995 11/23/94 378.25 02/27/95 355.50 22.75 1137.50 02/27/95 1137.50 12/27/94 -1500.001994 11/23/93 353.75 02/25/94 350.00 3.75 187.50 02/25/94 187.50 01/13/94 -1912.501993 11/23/92 372.75 02/26/93 372.25 0.50 25.00 12/29/92 1175.00 01/19/93 -987.50
Percentage Correct 80
Average Profit on Winning Trades 27.04 1352.08 Winners 12
Average Loss on Trades -27.92 -1395.83 Losers 3
Average Net Profit Per Trade 16.05 802.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Jul Wheat(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 11/24 - Exit on approximately 02/07
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/24/06 -16.75 02/07/07 23.50 40.25 2012.50 02/07/07 2012.50 11/27/06 -262.502006 11/25/05 18.25 02/07/06 21.25 3.00 150.00 02/02/06 162.50 12/02/05 -37.502005 11/24/04 14.50 02/07/05 14.75 0.25 12.50 02/04/05 50.00 11/30/04 -100.002004 11/24/03 -38.00 02/06/04 0.25 38.25 1912.50 02/02/04 2000.00 11/28/03 -200.002003 11/25/02 -63.25 02/07/03 -8.50 54.75 2737.50 01/10/03 3137.502002 11/26/01 4.00 02/07/02 9.25 5.25 262.50 02/04/02 275.00 01/04/02 -650.002001 11/24/00 20.50 02/07/01 23.50 3.00 150.00 01/30/01 150.00 12/01/00 -37.502000 11/24/99 21.00 02/07/00 22.50 1.50 75.00 02/07/00 75.00 12/07/99 -50.001999 11/24/98 20.00 02/05/99 20.50 0.50 25.00 12/11/98 50.00 12/04/98 -37.501998 11/24/97 13.75 02/06/98 18.25 4.50 225.00 01/22/98 237.50 12/01/97 -175.001997 11/25/96 -48.75 02/07/97 -17.00 31.75 1587.50 02/07/97 1587.50 12/19/96 -175.001996 11/24/95 -84.00 02/07/96 -61.25 22.75 1137.50 01/05/96 1412.501995 11/25/94 -41.25 02/07/95 -31.00 10.25 512.50 01/19/95 700.00 12/27/94 -1050.001994 11/24/93 -29.50 02/07/94 -26.50 3.00 150.00 11/30/93 262.50 01/06/94 -800.001993 11/24/92 -45.25 02/05/93 -44.50 0.75 37.50 12/07/92 475.00 01/21/93 -537.50
Percentage Correct 100
Average Profit on Winning Trades 14.65 732.50 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 14.65 732.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 103
Per
sona
l Not
esBuy Jul Wheat(KCBT) / Sell Mar Wheat(KCBT)
Enter on approximately 11/24 - Exit on approximately 02/15
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/24/06 -28.75 02/15/07 12.00 40.75 2037.50 01/22/07 2112.50 11/30/06 -237.502006 11/25/05 -8.25 02/15/06 0.25 8.50 425.00 02/03/06 687.50 11/30/05 -387.502005 11/24/04 -2.75 02/15/05 -18.00 -15.25 -762.50 11/26/04 125.00 01/19/05 -1037.502004 11/24/03 -28.25 02/13/04 -0.50 27.75 1387.50 02/04/04 1412.50 12/01/03 -175.002003 11/25/02 -63.50 02/14/03 -15.25 48.25 2412.50 01/13/03 2887.502002 11/26/01 11.75 02/15/02 12.50 0.75 37.50 01/30/02 87.50 11/29/01 -137.502001 11/24/00 15.75 02/15/01 21.00 5.25 262.50 02/08/01 287.50 12/29/00 -37.502000 11/24/99 19.50 02/15/00 21.75 2.25 112.50 02/11/00 137.50 01/14/00 -12.501999 11/24/98 12.50 02/12/99 20.50 8.00 400.00 02/12/99 400.001998 11/24/97 12.50 02/13/98 16.50 4.00 200.00 01/21/98 275.00 12/10/97 -75.001997 11/25/96 -59.25 02/14/97 -58.50 0.75 37.50 11/29/96 637.50 02/11/97 -287.501996 11/24/95 -66.00 02/15/96 -59.75 6.25 312.50 01/05/96 1337.50 01/26/96 -350.001995 11/25/94 -36.50 02/15/95 -34.25 2.25 112.50 01/19/95 762.50 12/27/94 -987.501994 11/24/93 -38.25 02/15/94 -23.25 15.00 750.00 02/08/94 1062.50 12/16/93 -512.501993 11/24/92 -31.00 02/12/93 -26.25 4.75 237.50 11/27/92 287.50 01/19/93 -600.00
Percentage Correct 93
Average Profit on Winning Trades 12.46 623.21 Winners 14
Average Loss on Trades -15.25 -762.50 Losers 1
Average Net Profit Per Trade 10.62 530.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Jul Wheat(CBOT) / Sell May Wheat(CBOT)Enter on approximately 12/08 - Exit on approximately 02/28
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/08/06 -15.50 02/28/07 10.50 26.00 1300.00 02/15/07 1300.00 12/26/06 -100.002006 12/08/05 9.25 02/28/06 12.50 3.25 162.50 02/28/06 162.50 12/30/05 -37.502005 12/08/04 6.00 02/28/05 6.25 0.25 12.50 02/17/05 87.50 02/08/05 -62.502004 12/08/03 -28.00 02/27/04 1.50 29.50 1475.00 02/27/04 1475.00 12/09/03 -100.002003 12/09/02 -33.25 02/28/03 -5.50 27.75 1387.50 01/13/03 1637.50 12/17/02 -25.002002 12/10/01 0.75 02/28/02 6.50 5.75 287.50 02/28/02 287.50 01/04/02 -250.002001 12/08/00 10.50 02/28/01 11.00 0.50 25.00 02/26/01 62.50 12/27/00 -75.002000 12/08/99 10.00 02/28/00 10.75 0.75 37.50 02/24/00 87.50 12/13/99 -25.001999 12/08/98 9.75 02/26/99 10.50 0.75 37.50 12/31/98 50.00 12/30/98 -37.501998 12/08/97 5.00 02/27/98 9.75 4.75 237.50 01/22/98 300.00 12/10/97 -37.501997 12/09/96 -21.00 02/28/97 -10.75 10.25 512.50 02/27/97 612.50 12/19/96 -287.501996 12/08/95 -38.25 02/28/96 -32.25 6.00 300.00 02/27/96 425.00 02/14/96 -212.501995 12/08/94 -30.25 02/28/95 -15.75 14.50 725.00 02/28/95 725.00 12/27/94 -275.001994 12/08/93 -13.50 02/28/94 -10.25 3.25 162.50 12/20/93 212.50 01/07/94 -387.501993 12/08/92 -21.25 02/26/93 -17.75 3.50 175.00 02/12/93 200.00 01/19/93 -350.00
Percentage Correct 100
Average Profit on Winning Trades 9.12 455.83 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 9.12 455.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
104 HISTORICAL GRAINS REPORT
Whe
at S
trat
egy
Tab
les
Wheat(CBOT)—JulyBuy on approximately 12/15 - Exit on approximately 01/13 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/15/06 491.00 01/12/07 493.75 2.75 137.50 12/26/06 675.00 01/10/07 -1400.002006 12/15/05 337.25 01/13/06 353.75 16.50 825.00 01/04/06 1400.002005 12/15/04 316.75 01/13/05 322.50 5.75 287.50 01/07/05 325.00 01/04/05 -350.002004 12/15/03 363.25 01/13/04 392.00 28.75 1437.50 01/12/04 1700.00 12/24/03 -612.502003 12/16/02 315.25 01/13/03 310.50 -4.75 -237.50 01/09/03 187.50 12/27/02 -712.502002 12/17/01 286.25 01/11/02 301.25 15.00 750.00 01/11/02 750.00 12/26/01 -212.502001 12/15/00 286.75 01/12/01 311.00 24.25 1212.50 01/12/01 1212.502000 12/15/99 261.50 01/13/00 284.50 23.00 1150.00 01/13/00 1150.001999 12/15/98 295.00 01/13/99 295.25 0.25 12.50 01/08/99 812.501998 12/15/97 355.50 01/13/98 349.75 -5.75 -287.50 12/17/97 175.00 01/08/98 -1000.001997 12/16/96 346.00 01/13/97 360.25 14.25 712.50 01/13/97 712.50 12/30/96 -362.501996 12/15/95 422.50 01/12/96 428.75 6.25 312.50 01/03/96 1300.001995 12/15/94 340.75 01/13/95 345.25 4.50 225.00 01/06/95 400.00 01/09/95 -50.001994 12/15/93 329.75 01/13/94 354.75 25.00 1250.00 01/13/94 1250.001993 12/15/92 319.50 01/13/93 331.25 11.75 587.50 01/13/93 587.50 12/18/92 -337.50
Percentage Correct 87
Average Profit on Winning Trades 13.69 684.62 Winners 13
Average Loss on Trades -5.25 -262.50 Losers 2
Average Net Profit Per Trade 11.17 558.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Jul Wheat(KCBT) / Sell Mar Wheat(KCBT)Enter on approximately 12/20 - Exit on approximately 01/10
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/20/06 -5.25 01/10/07 4.00 9.25 462.50 01/09/07 575.00 12/22/06 -112.502006 12/20/05 -11.25 01/10/06 -2.00 9.25 462.50 01/10/06 462.50 12/27/05 -12.502005 12/20/04 -12.75 01/10/05 -10.25 2.50 125.00 01/03/05 212.50 01/06/05 -37.502004 12/22/03 -17.50 01/09/04 -9.00 8.50 425.00 01/09/04 425.00 01/02/04 -37.502003 12/20/02 -52.25 01/10/03 -8.25 44.00 2200.00 01/10/03 2200.00 12/23/02 -50.002002 12/20/01 10.50 01/10/02 11.25 0.75 37.50 01/09/02 100.00 01/04/02 -12.502001 12/20/00 16.25 01/10/01 18.75 2.50 125.00 01/10/01 125.00 12/29/00 -62.502000 12/20/99 20.00 01/10/00 21.00 1.00 50.00 01/07/00 62.50 12/21/99 -25.001999 12/21/98 15.00 01/08/99 16.25 1.25 62.50 01/04/99 100.001998 12/22/97 14.25 01/09/98 14.50 0.25 12.50 01/02/98 87.50 12/26/97 -112.501997 12/20/96 -60.75 01/10/97 -49.50 11.25 562.50 12/31/96 675.001996 12/20/95 -55.75 01/10/96 -48.75 7.00 350.00 01/05/96 825.00 12/29/95 -50.001995 12/20/94 -48.00 01/10/95 -37.50 10.50 525.00 01/06/95 650.00 12/27/94 -412.501994 12/20/93 -45.00 01/10/94 -42.25 2.75 137.50 01/03/94 450.00 12/28/93 -62.501993 12/21/92 -34.00 01/08/93 -40.25 -6.25 -312.50 12/29/92 100.00 01/07/93 -312.50
Percentage Correct 93
Average Profit on Winning Trades 7.91 395.54 Winners 14
Average Loss on Trades -6.25 -312.50 Losers 1
Average Net Profit Per Trade 6.97 348.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 105
Per
sona
l Not
esWheat(KCBT)—July
Buy on approximately 12/20 - Exit on approximately 02/23 Contract Size: 5,000 bushels
CONTYEAR
BUYDATE
BUYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/20/06 499.00 02/23/07 519.50 20.50 1025.00 02/22/07 1200.00 01/10/07 -1137.502006 12/20/05 363.25 02/23/06 441.50 78.25 3912.50 02/21/06 3987.50 12/21/05 -100.002005 12/20/04 327.25 02/23/05 329.25 2.00 100.00 12/23/04 262.50 01/27/05 -1087.502004 12/22/03 372.00 02/23/04 397.25 25.25 1262.50 01/12/04 1425.00 12/24/03 -900.002003 12/20/02 325.00 02/21/03 338.75 13.75 687.50 01/08/03 1087.50 01/15/03 -25.002002 12/20/01 294.25 02/22/02 299.00 4.75 237.50 01/25/02 675.00 12/26/01 -62.502001 12/20/00 337.50 02/23/01 326.50 -11.00 -550.00 01/11/01 962.50 02/23/01 -550.002000 12/20/99 294.00 02/23/00 308.50 14.50 725.00 02/10/00 1450.00 12/21/99 -87.501999 12/21/98 331.75 02/23/99 303.50 -28.25 -1412.50 01/08/99 512.50 02/23/99 -1412.501998 12/22/97 355.25 02/23/98 355.50 0.25 12.50 02/03/98 762.50 01/08/98 -462.501997 12/20/96 351.00 02/21/97 378.00 27.00 1350.00 02/21/97 1350.00 12/30/96 -150.001996 12/20/95 445.75 02/23/96 474.00 28.25 1412.50 02/14/96 1875.00 01/16/96 -600.001995 12/20/94 350.50 02/23/95 344.25 -6.25 -312.50 01/17/95 287.50 01/27/95 -587.501994 12/20/93 337.50 02/23/94 338.75 1.25 62.50 01/13/94 787.50 01/20/94 -150.001993 12/21/92 313.00 02/23/93 314.00 1.00 50.00 01/19/93 887.50 12/29/92 -50.00
Percentage Correct 80
Average Profit on Winning Trades 18.06 903.13 Winners 12
Average Loss on Trades -15.17 -758.33 Losers 3
Average Net Profit Per Trade 11.42 570.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Jul Wheat(KCBT) / Sell Mar Wheat(KCBT)Enter on approximately 12/26 - Exit on approximately 01/18
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/26/06 -7.25 01/18/07 7.25 14.50 725.00 01/18/07 725.002006 12/27/05 -11.50 01/18/06 1.75 13.25 662.50 01/18/06 662.502005 12/27/04 -9.50 01/18/05 -20.00 -10.50 -525.00 01/03/05 50.00 01/13/05 -587.502004 12/26/03 -17.50 01/16/04 -6.00 11.50 575.00 01/14/04 587.50 01/02/04 -37.502003 12/26/02 -47.00 01/17/03 -23.00 24.00 1200.00 01/13/03 2062.502002 12/26/01 11.00 01/18/02 12.00 1.00 50.00 01/09/02 75.00 01/04/02 -37.502001 12/26/00 17.00 01/18/01 19.00 2.00 100.00 01/11/01 112.50 12/29/00 -100.002000 12/27/99 20.25 01/18/00 20.75 0.50 25.00 01/07/00 50.00 01/14/00 -50.001999 12/28/98 16.75 01/15/99 18.00 1.25 62.50 01/15/99 62.50 01/06/99 -37.501998 12/26/97 12.00 01/16/98 17.75 5.75 287.50 01/16/98 287.501997 12/26/96 -54.75 01/17/97 -51.00 3.75 187.50 12/31/96 375.00 01/08/97 -287.501996 12/26/95 -52.25 01/18/96 -49.50 2.75 137.50 01/05/96 650.00 12/29/95 -225.001995 12/27/94 -56.25 01/18/95 -23.75 32.50 1625.00 01/18/95 1625.001994 12/27/93 -44.50 01/18/94 -31.00 13.50 675.00 01/18/94 675.00 12/28/93 -87.501993 12/28/92 -33.50 01/18/93 -39.00 -5.50 -275.00 12/29/92 75.00 01/07/93 -337.50
Percentage Correct 87
Average Profit on Winning Trades 9.71 485.58 Winners 13
Average Loss on Trades -8.00 -400.00 Losers 2
Average Net Profit Per Trade 7.35 367.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
106 HISTORICAL GRAINS REPORT
PageSEASONAL PATTERNS & WEEKLY CONTINUATIONS
Corn vs. Oats (C - O)March, May, July, September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108
December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110Corn vs. 2 Oats (C - 2O)
March, May, July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110
September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112Corn vs. Chicago Wheat (C - W)
March, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112
July, September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114Chicago Wheat vs. Kansas City Wheat (W - KW)
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114
May, July, September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116Chicago Wheat vs. Minneapolis Wheat (W - MW)
March, May, July, September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120Kansas City Wheat vs. Minneapolis Wheat (KW - MW)
March, May, July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120
September, December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122
STRATEGIESSeasonal Spread Strategy Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123
Seasonal Strategy Detail Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
Gra
in I
nter
-Mar
ket
Inter-Market Grain Spreads
MOORE RESEARCH CENTER, INC. 107
May Corn(CBOT) - May Oats(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Corn(CBOT) - Mar Oats(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Corn(CBOT) - Jul Oats(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
Sep Corn(CBOT) - Sep Oats(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
108 HISTORICAL GRAINS REPORT
Weekly May Corn(CBOT) - May Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly Mar Corn(CBOT) - Mar Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly Jul Corn(CBOT) - Jul Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
200.00
Weekly Sep Corn(CBOT) - Sep Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 200720.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
200.00 G
rain
: Int
er-M
arke
t Wee
klie
s
MOORE RESEARCH CENTER, INC. 109
Mar Corn(CBOT) - 2 Mar Oats(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Corn(CBOT) - Dec Oats(CBOT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
May Corn(CBOT) - 2 May Oats(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Corn(CBOT) - 2 Jul Oats(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
110 HISTORICAL GRAINS REPORT
Weekly Mar Corn(CBOT) - 2 Mar Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-300.00
-250.00
-200.00
-150.00
-100.00
-50.00
0.00
50.00
Weekly Dec Corn(CBOT) - Dec Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly May Corn(CBOT) - 2 May Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-250.00
-200.00
-150.00
-100.00
-50.00
0.00
50.00
Weekly Jul Corn(CBOT) - 2 Jul Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-300.00
-250.00
-200.00
-150.00
-100.00
-50.00
0.00
50.00 G
rain
: Int
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arke
t Wee
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s
MOORE RESEARCH CENTER, INC. 111
Dec Corn(CBOT) - 2 Dec Oats(CBOT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Corn(CBOT) - 2 Sep Oats(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
Mar Corn(CBOT) - Mar Wheat(CBOT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Corn(CBOT) - May Wheat(CBOT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
112 HISTORICAL GRAINS REPORT
Weekly Dec Corn(CBOT) - 2 Dec Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-300.00
-250.00
-200.00
-150.00
-100.00
-50.00
0.00
50.00
Weekly Sep Corn(CBOT) - 2 Sep Oats(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-250.00
-200.00
-150.00
-100.00
-50.00
0.00
50.00
Weekly Mar Corn(CBOT) - Mar Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00
-500.00
-400.00
-300.00
-200.00
-100.00
0.00
Weekly May Corn(CBOT) - May Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00
-500.00
-400.00
-300.00
-200.00
-100.00
0.00 G
rain
: Int
er-M
arke
t Wee
klie
s
MOORE RESEARCH CENTER, INC. 113
Sep Corn(CBOT) - Sep Wheat(CBOT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Corn(CBOT) - Jul Wheat(CBOT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
Dec Corn(CBOT) - Dec Wheat(CBOT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(CBOT) - Mar Wheat(KCBT) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
114 HISTORICAL GRAINS REPORT
Weekly Sep Corn(CBOT) - Sep Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00
-500.00
-400.00
-300.00
-200.00
-100.00
0.00
Weekly Jul Corn(CBOT) - Jul Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-400.00
-350.00
-300.00
-250.00
-200.00
-150.00
-100.00
-50.00
0.00
Weekly Dec Corn(CBOT) - Dec Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-600.00
-500.00
-400.00
-300.00
-200.00
-100.00
0.00
Weekly Mar Wheat(CBOT) - Mar Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00 G
rain
: Int
er-M
arke
t Wee
klie
s
MOORE RESEARCH CENTER, INC. 115
Jul Wheat(CBOT) - Jul Wheat(KCBT) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(CBOT) - May Wheat(KCBT) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Sep Wheat(CBOT) - Sep Wheat(KCBT) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
Dec Wheat(CBOT) - Dec Wheat(KCBT) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
116 HISTORICAL GRAINS REPORT
Weekly Jul Wheat(CBOT) - Jul Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-140.00
-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
Weekly May Wheat(CBOT) - May Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
Weekly Sep Wheat(CBOT) - Sep Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
Weekly Dec Wheat(CBOT) - Dec Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00 G
rain
: Int
er-M
arke
t Wee
klie
s
MOORE RESEARCH CENTER, INC. 117
May Wheat(CBOT) - May Wheat(MGE) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Mar Wheat(CBOT) - Mar Wheat(MGE) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Jul Wheat(CBOT) - Jul Wheat(MGE) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
Sep Wheat(CBOT) - Sep Wheat(MGE) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
118 HISTORICAL GRAINS REPORT
Weekly May Wheat(CBOT) - May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
Weekly Mar Wheat(CBOT) - Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00
-100.00
-50.00
0.00
50.00
100.00
Weekly Jul Wheat(CBOT) - Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-200.00
-150.00
-100.00
-50.00
0.00
50.00
Weekly Sep Wheat(CBOT) - Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00
-100.00
-50.00
0.00
50.00
100.00 G
rain
: Int
er-M
arke
t Wee
klie
s
MOORE RESEARCH CENTER, INC. 119
Mar Wheat(KCBT) - Mar Wheat(MGE) 15 Year Seasonal(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(CBOT) - Dec Wheat(MGE) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
May Wheat(KCBT) - May Wheat(MGE) 15 Year Seasonal(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in: I
nter
-Mar
ket S
easo
nal P
atte
rns
Jul Wheat(KCBT) - Jul Wheat(MGE) 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
120 HISTORICAL GRAINS REPORT
Weekly Mar Wheat(KCBT) - Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
Weekly Dec Wheat(CBOT) - Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-200.00
-150.00
-100.00
-50.00
0.00
50.00
100.00
Weekly May Wheat(KCBT) - May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
Weekly Jul Wheat(KCBT) - Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-200.00
-150.00
-100.00
-50.00
0.00
50.00 G
rain
: Int
er-M
arke
t Wee
klie
s
MOORE RESEARCH CENTER, INC. 121
Weekly Sep Wheat(KCBT) - Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
Sep Wheat(KCBT) - Sep Wheat(MGE) 15 Year Seasonal(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Dec Wheat(KCBT) - Dec Wheat(MGE) 15 Year Seasonal(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Gra
in:
Inte
r-M
arke
t Sea
sona
l Pat
tern
s &
Wee
klie
s
Weekly Dec Wheat(KCBT) - Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-140.00
-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
122 HISTORICAL GRAINS REPORT
Gra
in I
nter
-Mar
ket S
trat
egy
Sum
mar
y
Inter-Market Grain SpreadsSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LosingYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
1 Buy Mar Corn(CBOT)Sell Mar Wheat(CBOT)
1/05 1/20 87 13 2 15 433 27/16 125
2 Buy Mar Corn(CBOT)Sell Mar Wheat(KCBT)
1/05 2/16 87 13 2 15 347 8/43 125
3 Buy May Corn(CBOT)Sell May Wheat(CBOT)
1/12 3/31 93 14 1 15 748 9/80 126
4 Buy Jul Wheat(KCBT)Sell Jul Corn(CBOT)
4/01 5/19 87 13 2 15 831 17/49 126
5 Buy May Wheat(KCBT)Sell May Corn(CBOT)
4/09 4/20 80 12 3 15 763 64/12 127
6 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)
4/09 5/10 80 12 3 15 763 24/32 127
7 Buy Jul Wheat(MGE)Sell Jul Corn(CBOT)
4/09 6/11 93 14 1 15 797 12/64 128
8 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)
4/09 7/06 87 13 2 15 1362 15/89 128
9 Buy Dec Corn(CBOT)Sell Dec Wheat(CBOT)
5/12 6/17 80 12 3 15 353 10/37 129
10 Buy Sep Oats(CBOT)Sell Sep Corn(CBOT)
5/20 7/31 100 15 0 15 1118 15/73 129
11 Buy Jul Wheat(MGE)Sell Jul Corn(CBOT)
6/16 6/29 87 13 2 15 1028 73/14 130
12 Buy Sep Wheat(MGE)Sell Sep Corn(CBOT)
6/16 7/23 87 13 2 15 1648 43/38 130
13 Buy Sep Wheat(CBOT)Sell Sep Corn(CBOT)
6/16 8/12 87 13 2 15 1056 18/58 131
14 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
6/18 10/01 80 12 3 15 2664 25/106 131
15 Buy 2 Sep Oats(CBOT)Sell Sep Corn(CBOT)
6/19 7/25 100 15 0 15 1107 30/37 132
16 Buy Sep Wheat(CBOT)Sell Sep Corn(CBOT)
7/02 7/23 87 13 2 15 870 40/22 132
17 Buy Sep Wheat(KCBT)Sell Sep Corn(CBOT)
7/13 7/23 87 13 2 15 749 68/11 133
18 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
7/13 9/30 87 13 2 15 2221 28/80 133
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
MOORE RESEARCH CENTER, INC. 123
Gra
in I
nter
-Mar
ket S
trat
egy
Sum
mar
yInter-Market Grain Spreads
SeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LosingYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
19 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)
7/15 9/30 87 13 2 15 1958 25/78 134
20 Buy Sep Corn(CBOT)Sell Sep Wheat(MGE)
7/23 7/30 87 13 2 15 436 54/8 134
21 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
8/14 9/27 93 14 1 15 1468 33/45 135
22 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)
8/21 9/29 87 13 2 15 1395 35/40 135
23 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)
8/23 10/04 87 13 2 15 1778 41/43 136
24 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)
9/13 9/28 93 14 1 15 808 51/16 136
25 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
9/14 9/29 93 14 1 15 734 46/16 137
26 Buy Mar Wheat(CBOT)Sell Mar Corn(CBOT)
9/19 9/28 87 13 2 15 569 57/10 137
27 Buy Mar Wheat(KCBT)Sell Mar Corn(CBOT)
9/21 10/01 87 13 2 15 711 65/11 138
28 Buy May Corn(CBOT)Sell May Wheat(KCBT)
10/02 12/23 93 14 1 15 852 10/83 138
29 Buy Dec Corn(CBOT)Sell Dec Wheat(CBOT)
10/19 11/10 93 14 1 15 811 35/23 139
30 Buy May Corn(CBOT)Sell May Wheat(MGE)
10/24 1/27 87 13 2 15 1219 13/96 139
31 Buy Mar Corn(CBOT)Sell Mar Wheat(CBOT)
11/08 2/06 80 12 3 15 1059 12/91 140
32 Buy Jul Corn(CBOT)Sell Jul Wheat(MGE)
11/08 12/10 93 14 1 15 -142 -4/33 140
33 Buy May Corn(CBOT)Sell May Wheat(KCBT)
11/08 12/13 80 12 3 15 -9 -0/36 141
34 Buy Mar Corn(CBOT)Sell Mar Wheat(KCBT)
11/30 2/27 80 12 3 15 747 8/90 141
35 Buy May Corn(CBOT)Sell 2 May Oats(CBOT)
12/05 2/16 100 15 0 15 1022 14/74 142
36 Buy May Corn(CBOT)Sell May Oats(CBOT)
12/10 2/17 93 14 1 15 725 10/70 142
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
124 HISTORICAL GRAINS REPORT
Gra
in I
nter
-Mar
ket S
trat
egy
Tab
les
Buy Mar Corn(CBOT) / Sell Mar Wheat(CBOT)Enter on approximately 01/05 - Exit on approximately 01/20
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/05/07 -102.00 01/19/07 -60.25 41.75 2087.50 01/18/07 2162.502006 01/05/06 -124.25 01/20/06 -121.50 2.75 137.50 01/09/06 437.502005 01/05/05 -98.25 01/20/05 -97.00 1.25 62.50 01/20/05 62.50 01/13/05 -462.502004 01/05/04 -145.50 01/20/04 -120.25 25.25 1262.50 01/15/04 1400.002003 01/06/03 -95.75 01/17/03 -84.25 11.50 575.00 01/16/03 775.002002 01/07/02 -93.25 01/18/02 -86.25 7.00 350.00 01/18/02 350.00 01/14/02 -125.002001 01/05/01 -57.00 01/19/01 -70.50 -13.50 -675.00 01/19/01 -675.002000 01/05/00 -46.75 01/20/00 -44.25 2.50 125.00 01/13/00 200.001999 01/05/99 -63.00 01/20/99 -55.50 7.50 375.00 01/19/99 412.50 01/08/99 -325.001998 01/05/98 -65.25 01/20/98 -53.75 11.50 575.00 01/20/98 575.00 01/07/98 -12.501997 01/06/97 -131.50 01/20/97 -105.75 25.75 1287.50 01/20/97 1287.50 01/08/97 -212.501996 01/05/96 -127.00 01/19/96 -126.50 0.50 25.00 01/08/96 200.00 01/12/96 -437.501995 01/05/95 -165.50 01/20/95 -137.75 27.75 1387.50 01/19/95 1475.001994 01/05/94 -80.00 01/20/94 -74.25 5.75 287.50 01/20/94 287.50 01/10/94 -350.001993 01/05/93 -144.75 01/20/93 -172.00 -27.25 -1362.50 01/19/93 -1400.00
Percentage Correct 87
Average Profit on Winning Trades 13.13 656.73 Winners 13
Average Loss on Trades -20.38 -1018.75 Losers 2
Average Net Profit Per Trade 8.67 433.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Mar Corn(CBOT) / Sell Mar Wheat(KCBT)Enter on approximately 01/05 - Exit on approximately 02/16
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/05/07 -113.00 02/16/07 -78.50 34.50 1725.00 02/14/07 2200.00 01/09/07 -200.002006 01/05/06 -170.00 02/16/06 -202.00 -32.00 -1600.00 01/10/06 562.50 02/10/06 -1937.502005 01/05/05 -132.00 02/16/05 -128.25 3.75 187.50 01/27/05 237.50 01/13/05 -562.502004 01/05/04 -150.75 02/13/04 -101.50 49.25 2462.50 02/09/04 2600.002003 01/06/03 -128.75 02/14/03 -118.75 10.00 500.00 01/13/03 1275.002002 01/07/02 -79.00 02/15/02 -76.50 2.50 125.00 02/13/02 125.00 01/25/02 -400.002001 01/05/01 -105.50 02/16/01 -98.00 7.50 375.00 02/12/01 400.00 01/23/01 -650.002000 01/05/00 -73.25 02/16/00 -72.75 0.50 25.00 02/01/00 512.50 02/14/00 -187.501999 01/05/99 -98.00 02/16/99 -72.25 25.75 1287.50 02/16/99 1287.50 01/08/99 -300.001998 01/05/98 -73.00 02/13/98 -72.75 0.25 12.50 01/21/98 425.00 02/04/98 -375.001997 01/06/97 -149.00 02/14/97 -141.50 7.50 375.00 01/31/97 800.00 01/08/97 -362.501996 01/05/96 -125.25 02/16/96 -164.00 -38.75 -1937.50 01/08/96 112.50 02/06/96 -2525.001995 01/05/95 -163.25 02/16/95 -143.00 20.25 1012.50 01/19/95 1437.501994 01/05/94 -79.00 02/16/94 -67.75 11.25 562.50 01/26/94 600.00 01/10/94 -200.001993 01/05/93 -135.75 02/16/93 -134.00 1.75 87.50 02/08/93 275.00 01/19/93 -912.50
Percentage Correct 87
Average Profit on Winning Trades 13.44 672.12 Winners 13
Average Loss on Trades -35.38 -1768.75 Losers 2
Average Net Profit Per Trade 6.93 346.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 125
Buy May Corn(CBOT) / Sell May Wheat(CBOT)Enter on approximately 01/12 - Exit on approximately 03/31
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 01/12/07 -84.50 03/30/07 -63.50 21.00 1050.00 02/14/07 2000.002006 01/12/06 -121.75 03/31/06 -111.75 10.00 500.00 03/31/06 500.00 03/08/06 -1737.502005 01/12/05 -106.00 03/31/05 -118.00 -12.00 -600.00 02/02/05 625.00 03/17/05 -1850.002004 01/12/04 -134.75 03/31/04 -88.00 46.75 2337.50 03/11/04 3625.002003 01/13/03 -77.75 03/31/03 -50.25 27.50 1375.00 03/31/03 1375.00 02/21/03 -887.502002 01/14/02 -87.25 03/28/02 -82.50 4.75 237.50 03/11/02 1137.50 03/27/02 -37.502001 01/12/01 -73.50 03/30/01 -51.75 21.75 1087.50 02/27/01 1137.50 01/23/01 -100.002000 01/12/00 -46.50 03/31/00 -26.25 20.25 1012.50 03/24/00 1287.50 02/11/00 -262.501999 01/12/99 -68.25 03/31/99 -54.75 13.50 675.00 02/25/99 1550.001998 01/12/98 -64.50 03/31/98 -61.00 3.50 175.00 02/18/98 450.00 02/03/98 -337.501997 01/13/97 -107.75 03/31/97 -87.50 20.25 1012.50 03/04/97 1962.501996 01/12/96 -103.25 03/29/96 -90.25 13.00 650.00 03/19/96 975.00 02/06/96 -1312.501995 01/12/95 -125.50 03/31/95 -93.25 32.25 1612.50 03/31/95 1612.50 01/17/95 -87.501994 01/12/94 -55.25 03/31/94 -55.00 0.25 12.50 03/29/94 475.00 02/09/94 -375.001993 01/12/93 -118.75 03/31/93 -117.00 1.75 87.50 03/12/93 762.50 01/20/93 -987.50
Percentage Correct 93
Average Profit on Winning Trades 16.89 844.64 Winners 14
Average Loss on Trades -12.00 -600.00 Losers 1
Average Net Profit Per Trade 14.97 748.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
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Buy Jul Wheat(KCBT) / Sell Jul Corn(CBOT)Enter on approximately 04/01 - Exit on approximately 05/19
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/02/07 85.25 05/18/07 95.25 10.00 500.00 04/20/07 2662.502006 04/03/06 171.50 05/19/06 251.50 80.00 4000.00 05/19/06 4000.002005 04/01/05 108.25 05/19/05 108.50 0.25 12.50 04/29/05 500.00 04/15/05 -550.002004 04/01/04 88.00 05/19/04 93.25 5.25 262.50 05/07/04 1187.50 04/28/04 -537.502003 04/01/03 65.25 05/19/03 88.75 23.50 1175.00 05/16/03 1500.00 04/17/03 -75.002002 04/01/02 93.75 05/17/02 72.75 -21.00 -1050.00 04/03/02 175.00 05/16/02 -1175.002001 04/02/01 99.00 05/18/01 129.75 30.75 1537.50 05/14/01 1875.00 04/10/01 -150.002000 04/03/00 52.25 05/19/00 59.00 6.75 337.50 05/16/00 737.50 05/03/00 -425.001999 04/01/99 84.50 05/19/99 62.75 -21.75 -1087.50 04/05/99 350.00 05/05/99 -1225.001998 04/01/98 76.50 05/19/98 77.25 0.75 37.50 05/18/98 62.50 04/24/98 -562.501997 04/01/97 82.75 05/19/97 135.00 52.25 2612.50 04/18/97 4900.00 04/04/97 -237.501996 04/01/96 105.25 05/17/96 155.25 50.00 2500.00 04/25/96 4912.50 04/08/96 -325.001995 04/03/95 86.75 05/19/95 110.00 23.25 1162.50 05/12/95 1612.501994 04/04/94 49.25 05/19/94 57.75 8.50 425.00 05/05/94 1175.00 04/13/94 -75.001993 04/01/93 70.50 05/19/93 71.25 0.75 37.50 04/22/93 225.00 05/04/93 -575.00
Percentage Correct 87
Average Profit on Winning Trades 22.46 1123.08 Winners 13
Average Loss on Trades -21.38 -1068.75 Losers 2
Average Net Profit Per Trade 16.62 830.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
126 HISTORICAL GRAINS REPORT
Buy May Wheat(KCBT) / Sell May Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 04/20
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 104.50 04/20/07 153.50 49.00 2450.00 04/20/07 2450.002006 04/10/06 208.75 04/20/06 209.25 0.50 25.00 04/12/06 825.00 04/17/06 -375.002005 04/11/05 114.75 04/20/05 115.50 0.75 37.50 04/12/05 50.00 04/15/05 -287.502004 04/12/04 89.75 04/20/04 96.75 7.00 350.00 04/20/04 350.00 04/16/04 -337.502003 04/09/03 79.50 04/17/03 78.75 -0.75 -37.50 04/10/03 137.50 04/16/03 -87.502002 04/09/02 80.00 04/19/02 91.75 11.75 587.50 04/17/02 675.002001 04/09/01 95.50 04/20/01 117.75 22.25 1112.50 04/20/01 1112.50 04/10/01 -87.502000 04/10/00 50.75 04/20/00 52.75 2.00 100.00 04/17/00 200.001999 04/09/99 73.75 04/20/99 61.00 -12.75 -637.50 04/19/99 -700.001998 04/09/98 69.25 04/20/98 71.25 2.00 100.00 04/14/98 275.001997 04/09/97 127.25 04/18/97 199.25 72.00 3600.00 04/18/97 3600.001996 04/09/96 114.00 04/19/96 176.50 62.50 3125.00 04/19/96 3125.001995 04/10/95 102.50 04/20/95 115.25 12.75 637.50 04/20/95 637.501994 04/11/94 63.00 04/20/94 63.50 0.50 25.00 04/20/94 25.00 04/13/94 -150.001993 04/12/93 102.50 04/20/93 102.00 -0.50 -25.00 04/16/93 187.50 04/14/93 -62.50
Percentage Correct 80
Average Profit on Winning Trades 20.25 1012.50 Winners 12
Average Loss on Trades -4.67 -233.33 Losers 3
Average Net Profit Per Trade 15.27 763.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
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Buy Dec Wheat(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 05/10
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 100.00 05/10/07 143.25 43.25 2162.50 04/27/07 3075.002006 04/10/06 128.00 05/10/06 149.00 21.00 1050.00 05/09/06 1212.50 04/28/06 -562.502005 04/11/05 108.75 05/10/05 114.00 5.25 262.50 04/28/05 300.00 04/18/05 -450.002004 04/12/04 103.25 05/10/04 109.25 6.00 300.00 05/06/04 587.50 04/30/04 -775.002003 04/09/03 67.00 05/09/03 84.25 17.25 862.50 05/09/03 862.50 04/16/03 -225.002002 04/09/02 70.75 05/10/02 65.75 -5.00 -250.00 04/16/02 475.00 04/26/02 -250.002001 04/09/01 60.00 05/10/01 77.25 17.25 862.50 04/25/01 1187.50 04/10/01 -25.002000 04/10/00 38.50 05/10/00 41.00 2.50 125.00 04/13/00 200.00 05/02/00 -450.001999 04/09/99 64.00 05/10/99 56.50 -7.50 -375.00 04/19/99 -837.501998 04/09/98 60.25 05/08/98 66.75 6.50 325.00 04/14/98 525.00 04/24/98 -137.501997 04/09/97 112.50 05/09/97 158.50 46.00 2300.00 04/22/97 3112.501996 04/09/96 171.50 05/10/96 236.00 64.50 3225.00 04/25/96 6025.001995 04/10/95 102.75 05/10/95 109.75 7.00 350.00 05/03/95 562.501994 04/11/94 80.75 05/10/94 92.00 11.25 562.50 05/05/94 1012.50 04/15/94 -387.501993 04/12/93 77.75 05/10/93 71.50 -6.25 -312.50 04/22/93 162.50 05/04/93 -575.00
Percentage Correct 80
Average Profit on Winning Trades 20.65 1032.29 Winners 12
Average Loss on Trades -6.25 -312.50 Losers 3
Average Net Profit Per Trade 15.27 763.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 127
Buy Jul Wheat(MGE) / Sell Jul Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 06/11
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 120.50 06/11/07 160.00 39.50 1975.00 04/26/07 2075.002006 04/10/06 183.75 06/09/06 203.50 19.75 987.50 05/22/06 2125.00 04/17/06 -662.502005 04/11/05 121.50 06/10/05 128.50 7.00 350.00 04/29/05 500.00 04/15/05 -787.502004 04/12/04 107.75 06/10/04 121.25 13.50 675.00 05/07/04 862.50 06/02/04 -662.502003 04/09/03 109.25 06/11/03 114.00 4.75 237.50 06/09/03 825.00 04/17/03 -500.002002 04/09/02 95.00 06/11/02 95.25 0.25 12.50 04/16/02 287.50 05/14/02 -787.502001 04/09/01 103.25 06/11/01 126.50 23.25 1162.50 05/14/01 1737.502000 04/10/00 96.25 06/09/00 106.25 10.00 500.00 06/09/00 500.00 05/01/00 -412.501999 04/09/99 115.00 06/11/99 124.00 9.00 450.00 06/10/99 675.00 05/10/99 -812.501998 04/09/98 108.50 06/11/98 112.50 4.00 200.00 05/27/98 775.00 04/24/98 -250.001997 04/09/97 107.50 06/11/97 137.25 29.75 1487.50 04/21/97 2962.501996 04/09/96 94.25 06/11/96 113.75 19.50 975.00 05/08/96 4200.001995 04/10/95 92.50 06/09/95 127.50 35.00 1750.00 05/12/95 2237.501994 04/11/94 55.50 06/10/94 80.25 24.75 1237.50 05/11/94 1375.00 04/13/94 -75.001993 04/12/93 79.75 06/11/93 78.75 -1.00 -50.00 04/21/93 262.50 05/04/93 -587.50
Percentage Correct 93
Average Profit on Winning Trades 17.14 857.14 Winners 14
Average Loss on Trades -1.00 -50.00 Losers 1
Average Net Profit Per Trade 15.93 796.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Dec Wheat(MGE) / Sell Dec Corn(CBOT)Enter on approximately 04/09 - Exit on approximately 07/06
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 04/09/07 120.50 07/06/07 276.00 155.50 7775.00 06/29/07 8037.50 04/10/07 -75.002006 04/10/06 172.50 07/06/06 246.00 73.50 3675.00 07/05/06 3862.50 04/17/06 -712.502005 04/11/05 120.75 07/06/05 116.25 -4.50 -225.00 04/28/05 475.00 06/16/05 -575.002004 04/12/04 119.00 07/06/04 139.50 20.50 1025.00 07/06/04 1025.00 06/02/04 -850.002003 04/09/03 110.25 07/03/03 118.75 8.50 425.00 05/16/03 900.00 04/22/03 -437.502002 04/09/02 97.75 07/05/02 108.25 10.50 525.00 07/05/02 525.00 06/24/02 -950.002001 04/09/01 104.00 07/06/01 118.25 14.25 712.50 05/29/01 1737.502000 04/10/00 101.00 07/06/00 131.00 30.00 1500.00 06/26/00 1750.00 05/02/00 -487.501999 04/09/99 118.00 07/06/99 131.50 13.50 675.00 06/28/99 875.00 05/28/99 -787.501998 04/09/98 107.75 07/06/98 114.75 7.00 350.00 06/03/98 550.00 06/26/98 -600.001997 04/09/97 117.50 07/03/97 125.25 7.75 387.50 04/21/97 3300.001996 04/09/96 163.00 07/05/96 135.75 -27.25 -1362.50 05/09/96 6525.00 07/02/96 -1600.001995 04/10/95 97.75 07/06/95 167.25 69.50 3475.00 06/29/95 4462.501994 04/11/94 69.50 07/06/94 98.50 29.00 1450.00 07/05/94 1537.50 04/21/94 -212.501993 04/12/93 67.75 07/06/93 68.50 0.75 37.50 04/22/93 412.50 07/01/93 -587.50
Percentage Correct 87
Average Profit on Winning Trades 33.87 1693.27 Winners 13
Average Loss on Trades -15.88 -793.75 Losers 2
Average Net Profit Per Trade 27.23 1361.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
128 HISTORICAL GRAINS REPORT
Buy Dec Corn(CBOT) / Sell Dec Wheat(CBOT)Enter on approximately 05/12 - Exit on approximately 06/17
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/14/07 -145.75 06/15/07 -197.75 -52.00 -2600.00 05/21/07 1150.00 06/14/07 -2912.502006 05/12/06 -149.25 06/16/06 -132.25 17.00 850.00 06/16/06 850.00 05/22/06 -1425.002005 05/12/05 -105.25 06/17/05 -99.75 5.50 275.00 06/16/05 362.50 05/27/05 -512.502004 05/12/04 -95.25 06/17/04 -88.50 6.75 337.50 06/02/04 987.50 05/26/04 -612.502003 05/12/03 -96.75 06/17/03 -92.75 4.00 200.00 06/16/03 275.00 06/10/03 -712.502002 05/13/02 -63.75 06/17/02 -80.25 -16.50 -825.00 05/22/02 100.00 06/14/02 -975.002001 05/14/01 -83.00 06/15/01 -72.75 10.25 512.50 06/11/01 662.502000 05/12/00 -46.75 06/16/00 -64.25 -17.50 -875.00 05/18/00 225.00 06/14/00 -975.001999 05/12/99 -59.00 06/17/99 -53.25 5.75 287.50 05/26/99 762.501998 05/12/98 -71.25 06/17/98 -56.25 15.00 750.00 06/17/98 750.001997 05/12/97 -149.50 06/17/97 -115.25 34.25 1712.50 06/16/97 1712.501996 05/13/96 -237.50 06/17/96 -161.50 76.00 3800.00 06/12/96 4175.00 05/21/96 -50.001995 05/12/95 -120.75 06/16/95 -116.25 4.50 225.00 05/17/95 675.00 06/05/95 -175.001994 05/12/94 -88.75 06/17/94 -78.25 10.50 525.00 06/01/94 612.50 06/08/94 -512.501993 05/12/93 -67.75 06/17/93 -65.50 2.25 112.50 05/26/93 112.50 05/19/93 -337.50
Percentage Correct 80
Average Profit on Winning Trades 15.98 798.96 Winners 12
Average Loss on Trades -28.67 -1433.33 Losers 3
Average Net Profit Per Trade 7.05 352.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
in I
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Buy Sep Oats(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 05/20 - Exit on approximately 07/31
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 05/21/07 -119.25 07/31/07 -64.50 54.75 2737.50 07/24/07 2937.50 06/15/07 -600.002006 05/22/06 -70.50 07/31/06 -49.50 21.00 1050.00 06/27/06 1562.50 05/30/06 -662.502005 05/20/05 -81.75 07/29/05 -73.75 8.00 400.00 07/11/05 1175.00 05/23/05 -475.002004 05/20/04 -135.50 07/30/04 -95.50 40.00 2000.00 07/28/04 2137.50 06/02/04 -1362.502003 05/20/03 -95.25 07/31/03 -66.25 29.00 1450.00 07/31/03 1450.00 06/02/03 -387.502002 05/20/02 -89.25 07/31/02 -68.75 20.50 1025.00 07/17/02 1900.00 05/21/02 -12.502001 05/21/01 -94.00 07/31/01 -78.25 15.75 787.50 07/24/01 1312.50 06/13/01 -162.502000 05/22/00 -122.50 07/31/00 -73.75 48.75 2437.50 07/26/00 2475.001999 05/20/99 -105.00 07/30/99 -95.25 9.75 487.50 07/13/99 1237.50 06/18/99 -187.501998 05/20/98 -120.75 07/31/98 -109.25 11.50 575.00 06/05/98 650.00 06/23/98 -500.001997 05/20/97 -110.25 07/31/97 -96.25 14.00 700.00 07/08/97 1300.001996 05/20/96 -190.50 07/31/96 -162.00 28.50 1425.00 07/22/96 1800.00 05/28/96 -487.501995 05/22/95 -113.25 07/31/95 -112.25 1.00 50.00 07/31/95 50.00 06/19/95 -1212.501994 05/20/94 -136.50 07/29/94 -104.25 32.25 1612.50 07/28/94 1800.00 06/10/94 -437.501993 05/20/93 -96.00 07/30/93 -95.25 0.75 37.50 06/04/93 575.00 07/19/93 -162.50
Percentage Correct 100
Average Profit on Winning Trades 22.37 1118.33 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 22.37 1118.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 129
Buy Jul Wheat(MGE) / Sell Jul Corn(CBOT)Enter on approximately 06/16 - Exit on approximately 06/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/18/07 168.00 06/29/07 293.50 125.50 6275.00 06/29/07 6275.002006 06/16/06 197.75 06/29/06 261.50 63.75 3187.50 06/29/06 3187.502005 06/16/05 120.00 06/29/05 128.50 8.50 425.00 06/27/05 587.502004 06/16/04 124.00 06/29/04 127.50 3.50 175.00 06/21/04 550.00 06/25/04 -112.502003 06/16/03 106.75 06/27/03 117.00 10.25 512.50 06/26/03 637.502002 06/17/02 92.25 06/28/02 103.50 11.25 562.50 06/27/02 587.502001 06/18/01 128.50 06/29/01 121.25 -7.25 -362.50 06/28/01 -687.502000 06/16/00 116.50 06/29/00 131.00 14.50 725.00 06/26/00 962.501999 06/16/99 121.00 06/29/99 130.50 9.50 475.00 06/28/99 637.50 06/18/99 -262.501998 06/16/98 104.50 06/29/98 108.50 4.00 200.00 06/24/98 312.50 06/19/98 -237.501997 06/16/97 115.00 06/27/97 132.75 17.75 887.50 06/27/97 887.50 06/23/97 -175.001996 06/17/96 116.00 06/28/96 45.25 -70.75 -3537.50 06/28/96 -3537.501995 06/16/95 130.25 06/29/95 225.75 95.50 4775.00 06/29/95 4775.001994 06/16/94 71.25 06/29/94 90.00 18.75 937.50 06/29/94 937.50 06/17/94 -175.001993 06/16/93 75.50 06/29/93 79.00 3.50 175.00 06/24/93 175.00 06/18/93 -62.50
Percentage Correct 87
Average Profit on Winning Trades 29.71 1485.58 Winners 13
Average Loss on Trades -39.00 -1950.00 Losers 2
Average Net Profit Per Trade 20.55 1027.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
in I
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Buy Sep Wheat(MGE) / Sell Sep Corn(CBOT)Enter on approximately 06/16 - Exit on approximately 07/23
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/18/07 171.00 07/23/07 311.25 140.25 7012.50 07/23/07 7012.502006 06/16/06 195.75 07/21/06 266.75 71.00 3550.00 07/11/06 3587.502005 06/16/05 110.00 07/22/05 111.75 1.75 87.50 06/29/05 837.50 07/18/05 -412.502004 06/16/04 117.25 07/23/04 153.25 36.00 1800.00 07/22/04 1850.002003 06/16/03 104.50 07/23/03 152.25 47.75 2387.50 07/23/03 2387.50 06/27/03 -200.002002 06/17/02 86.75 07/23/02 134.25 47.50 2375.00 07/17/02 2862.50 06/24/02 -137.502001 06/18/01 128.75 07/23/01 114.50 -14.25 -712.50 07/11/01 -1500.002000 06/16/00 115.50 07/21/00 117.00 1.50 75.00 06/26/00 1012.501999 06/16/99 123.50 07/23/99 130.25 6.75 337.50 07/09/99 900.00 06/18/99 -312.501998 06/16/98 104.25 07/23/98 107.25 3.00 150.00 07/06/98 587.50 06/26/98 -425.001997 06/16/97 122.00 07/23/97 144.50 22.50 1125.00 07/23/97 1125.00 06/23/97 -437.501996 06/17/96 161.00 07/23/96 111.00 -50.00 -2500.00 07/12/96 -4187.501995 06/16/95 107.25 07/21/95 208.50 101.25 5062.50 07/21/95 5062.501994 06/16/94 66.25 07/22/94 121.75 55.50 2775.00 07/21/94 2787.50 06/20/94 -87.501993 06/16/93 62.50 07/23/93 86.50 24.00 1200.00 07/23/93 1200.00 06/18/93 -212.50
Percentage Correct 87
Average Profit on Winning Trades 42.98 2149.04 Winners 13
Average Loss on Trades -32.13 -1606.25 Losers 2
Average Net Profit Per Trade 32.97 1648.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
130 HISTORICAL GRAINS REPORT
Buy Sep Wheat(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 06/16 - Exit on approximately 08/12
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/18/07 193.50 08/10/07 334.00 140.50 7025.00 08/09/07 7387.50 06/19/07 -25.002006 06/16/06 129.75 08/11/06 149.00 19.25 962.50 07/21/06 2012.502005 06/16/05 98.50 08/12/05 103.50 5.00 250.00 06/29/05 700.00 07/19/05 -425.002004 06/16/04 76.00 08/12/04 81.50 5.50 275.00 07/23/04 1450.00 06/25/04 -325.002003 06/16/03 83.25 08/12/03 142.00 58.75 2937.50 08/11/03 3287.50 06/25/03 -475.002002 06/17/02 81.00 08/12/02 91.00 10.00 500.00 07/17/02 1125.00 06/25/02 -450.002001 06/18/01 75.75 08/10/01 48.25 -27.50 -1375.00 07/11/01 -1375.002000 06/16/00 59.25 08/11/00 62.00 2.75 137.50 06/26/00 1225.00 08/07/00 -175.001999 06/16/99 49.00 08/12/99 53.25 4.25 212.50 08/02/99 925.00 06/18/99 -312.501998 06/16/98 46.75 08/12/98 50.00 3.25 162.50 08/12/98 162.50 07/29/98 -725.001997 06/16/97 98.25 08/12/97 99.25 1.00 50.00 07/25/97 850.00 07/16/97 -837.501996 06/17/96 119.50 08/12/96 97.50 -22.00 -1100.00 07/03/96 -2487.501995 06/16/95 106.00 08/11/95 160.25 54.25 2712.50 07/24/95 3950.001994 06/16/94 66.25 08/12/94 124.25 58.00 2900.00 08/12/94 2900.00 06/20/94 -300.001993 06/16/93 63.50 08/12/93 67.25 3.75 187.50 07/27/93 675.00 07/13/93 -425.00
Percentage Correct 87
Average Profit on Winning Trades 28.17 1408.65 Winners 13
Average Loss on Trades -24.75 -1237.50 Losers 2
Average Net Profit Per Trade 21.12 1055.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
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Buy Dec Wheat(KCBT) / Sell Dec Corn(CBOT)Enter on approximately 06/18 - Exit on approximately 10/01
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/18/07 186.25 10/01/07 580.50 394.25 19712.50 10/01/07 19712.502006 06/19/06 225.50 09/29/06 233.50 8.00 400.00 07/05/06 2162.50 09/25/06 -462.502005 06/20/05 104.75 09/30/05 174.75 70.00 3500.00 09/30/05 3500.00 07/19/05 -475.002004 06/18/04 111.25 10/01/04 128.50 17.25 862.50 09/21/04 1962.50 08/18/04 -862.502003 06/18/03 86.25 10/01/03 142.00 55.75 2787.50 08/15/03 3800.00 06/24/03 -150.002002 06/18/02 90.50 10/01/02 225.75 135.25 6762.50 10/01/02 6762.50 06/26/02 -275.002001 06/18/01 125.50 10/01/01 75.50 -50.00 -2500.00 09/14/01 -2712.502000 06/19/00 100.00 09/29/00 122.25 22.25 1112.50 09/29/00 1112.50 08/07/00 -112.501999 06/18/99 73.00 10/01/99 82.75 9.75 487.50 08/02/99 1000.001998 06/18/98 72.25 10/01/98 97.50 25.25 1262.50 09/24/98 1487.50 06/30/98 -537.501997 06/18/97 126.50 10/01/97 106.00 -20.50 -1025.00 07/25/97 575.00 07/16/97 -1112.501996 06/18/96 209.00 10/01/96 142.50 -66.50 -3325.00 06/19/96 37.50 09/12/96 -5175.001995 06/19/95 122.75 09/29/95 189.00 66.25 3312.50 06/29/95 3562.50 06/20/95 -25.001994 06/20/94 77.25 09/30/94 195.25 118.00 5900.00 09/30/94 5900.001993 06/18/93 63.50 10/01/93 77.75 14.25 712.50 09/01/93 875.00 07/01/93 -525.00
Percentage Correct 80
Average Profit on Winning Trades 78.02 3901.04 Winners 12
Average Loss on Trades -45.67 -2283.33 Losers 3
Average Net Profit Per Trade 53.28 2664.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 131
Gra
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Buy 2 Sep Oats(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 06/19 - Exit on approximately 07/25
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 06/19/07 148.50 07/25/07 190.50 42.00 2100.00 07/03/07 2700.002006 06/19/06 146.00 07/25/06 150.50 4.50 225.00 06/27/06 600.00 06/29/06 -662.502005 06/20/05 74.25 07/25/05 106.50 32.25 1612.50 07/11/05 2225.00 06/22/05 -175.002004 06/21/04 19.50 07/23/04 27.75 8.25 412.50 07/16/04 750.00 07/02/04 -412.502003 06/19/03 38.50 07/25/03 56.50 18.00 900.00 07/24/03 950.00 06/24/03 -250.002002 06/19/02 82.25 07/25/02 107.25 25.00 1250.00 07/17/02 2337.50 06/20/02 -87.502001 06/19/01 12.00 07/25/01 82.75 70.75 3537.50 07/25/01 3537.502000 06/19/00 13.75 07/25/00 31.75 18.00 900.00 07/21/00 1125.00 07/05/00 -162.501999 06/21/99 4.50 07/23/99 22.00 17.50 875.00 07/13/99 1050.001998 06/19/98 -1.00 07/24/98 3.25 4.25 212.50 06/26/98 737.501997 06/19/97 48.50 07/25/97 65.25 16.75 837.50 07/25/97 837.501996 06/19/96 24.00 07/25/96 32.50 8.50 425.00 07/11/96 1287.50 07/01/96 -312.501995 06/19/95 14.50 07/25/95 56.00 41.50 2075.00 07/24/95 2125.001994 06/20/94 -7.50 07/25/94 11.00 18.50 925.00 07/21/94 975.00 06/28/94 -212.501993 06/21/93 45.75 07/23/93 52.00 6.25 312.50 07/06/93 475.00 06/22/93 -212.50
Percentage Correct 100
Average Profit on Winning Trades 22.13 1106.67 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 22.13 1106.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Sep Wheat(CBOT) / Sell Sep Corn(CBOT)Enter on approximately 07/02 - Exit on approximately 07/23
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/02/07 243.50 07/23/07 310.25 66.75 3337.50 07/23/07 3337.502006 07/03/06 148.50 07/21/06 170.00 21.50 1075.00 07/21/06 1075.00 07/13/06 -662.502005 07/05/05 106.50 07/22/05 97.00 -9.50 -475.00 07/19/05 -825.002004 07/02/04 82.25 07/23/04 105.00 22.75 1137.50 07/23/04 1137.502003 07/02/03 91.00 07/23/03 140.75 49.75 2487.50 07/23/03 2487.50 07/08/03 -312.502002 07/02/02 85.00 07/23/02 91.25 6.25 312.50 07/17/02 925.002001 07/02/01 61.75 07/23/01 74.25 12.50 625.00 07/20/01 625.00 07/11/01 -675.002000 07/03/00 66.75 07/21/00 59.50 -7.25 -362.50 07/11/00 225.00 07/21/00 -362.501999 07/02/99 49.50 07/23/99 50.50 1.00 50.00 07/09/99 400.00 07/22/99 -62.501998 07/02/98 35.00 07/23/98 39.00 4.00 200.00 07/20/98 425.00 07/08/98 -75.001997 07/02/97 97.75 07/23/97 109.50 11.75 587.50 07/23/97 587.50 07/16/97 -812.501996 07/02/96 70.00 07/23/96 92.25 22.25 1112.50 07/22/96 1737.50 07/03/96 -12.501995 07/03/95 153.00 07/21/95 184.25 31.25 1562.50 07/21/95 1562.50 07/10/95 -937.501994 07/05/94 85.50 07/22/94 107.50 22.00 1100.00 07/20/94 1262.50 07/06/94 -112.501993 07/02/93 64.00 07/23/93 70.00 6.00 300.00 07/21/93 312.50 07/13/93 -450.00
Percentage Correct 87
Average Profit on Winning Trades 21.37 1068.27 Winners 13
Average Loss on Trades -8.38 -418.75 Losers 2
Average Net Profit Per Trade 17.40 870.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
132 HISTORICAL GRAINS REPORT
Buy Sep Wheat(KCBT) / Sell Sep Corn(CBOT)Enter on approximately 07/13 - Exit on approximately 07/23
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/13/07 254.25 07/23/07 299.75 45.50 2275.00 07/23/07 2275.002006 07/13/06 233.25 07/21/06 268.75 35.50 1775.00 07/21/06 1775.002005 07/13/05 97.75 07/22/05 103.00 5.25 262.50 07/22/05 262.50 07/15/05 -237.502004 07/13/04 124.00 07/23/04 134.25 10.25 512.50 07/22/04 600.00 07/15/04 -100.002003 07/14/03 97.25 07/23/03 127.50 30.25 1512.50 07/23/03 1512.502002 07/15/02 122.75 07/23/02 124.00 1.25 62.50 07/17/02 350.002001 07/13/01 93.50 07/23/01 103.25 9.75 487.50 07/23/01 487.502000 07/13/00 109.00 07/21/00 97.25 -11.75 -587.50 07/20/00 -600.001999 07/13/99 79.25 07/23/99 71.50 -7.75 -387.50 07/22/99 -437.501998 07/13/98 59.00 07/23/98 61.50 2.50 125.00 07/20/98 187.50 07/17/98 -137.501997 07/14/97 95.50 07/23/97 120.50 25.00 1250.00 07/23/97 1250.00 07/16/97 -225.001996 07/15/96 106.00 07/23/96 123.25 17.25 862.50 07/18/96 1750.001995 07/13/95 168.25 07/21/95 202.00 33.75 1687.50 07/21/95 1687.501994 07/13/94 104.75 07/22/94 119.00 14.25 712.50 07/20/94 737.50 07/14/94 -62.501993 07/13/93 57.50 07/23/93 71.25 13.75 687.50 07/23/93 687.50
Percentage Correct 87
Average Profit on Winning Trades 18.79 939.42 Winners 13
Average Loss on Trades -9.75 -487.50 Losers 2
Average Net Profit Per Trade 14.98 749.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
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Buy Dec Wheat(KCBT) / Sell Dec Corn(CBOT)Enter on approximately 07/13 - Exit on approximately 09/30
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/13/07 258.75 09/28/07 556.25 297.50 14875.00 09/28/07 14875.002006 07/13/06 230.25 09/29/06 233.50 3.25 162.50 07/21/06 1887.50 09/25/06 -700.002005 07/13/05 99.50 09/30/05 174.75 75.25 3762.50 09/30/05 3762.50 07/19/05 -212.502004 07/13/04 128.25 09/30/04 131.25 3.00 150.00 09/21/04 1112.50 08/18/04 -1712.502003 07/14/03 106.00 09/30/03 136.50 30.50 1525.00 08/15/03 2812.502002 07/15/02 114.75 09/30/02 223.75 109.00 5450.00 09/30/02 5450.00 07/24/02 -87.502001 07/13/01 94.50 09/28/01 78.00 -16.50 -825.00 07/23/01 550.00 09/14/01 -1162.502000 07/13/00 111.50 09/29/00 122.25 10.75 537.50 09/29/00 537.50 08/07/00 -687.501999 07/13/99 85.00 09/30/99 86.00 1.00 50.00 08/02/99 400.00 07/21/99 -525.001998 07/13/98 69.00 09/30/98 94.25 25.25 1262.50 09/24/98 1650.00 07/29/98 -325.001997 07/14/97 108.00 09/30/97 107.25 -0.75 -37.50 07/25/97 1500.00 07/16/97 -187.501996 07/15/96 143.75 09/30/96 145.25 1.50 75.00 07/18/96 1250.00 09/12/96 -1912.501995 07/13/95 165.25 09/29/95 189.00 23.75 1187.50 08/01/95 1250.00 08/17/95 -62.501994 07/13/94 112.00 09/30/94 195.25 83.25 4162.50 09/30/94 4162.50 07/14/94 -62.501993 07/13/93 58.75 09/30/93 78.25 19.50 975.00 09/01/93 1112.50
Percentage Correct 87
Average Profit on Winning Trades 52.58 2628.85 Winners 13
Average Loss on Trades -8.63 -431.25 Losers 2
Average Net Profit Per Trade 44.42 2220.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 133
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Buy Dec Wheat(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 07/15 - Exit on approximately 09/30
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/16/07 269.50 09/28/07 566.00 296.50 14825.00 09/28/07 14825.002006 07/17/06 144.50 09/29/06 180.50 36.00 1800.00 09/28/06 1837.50 08/22/06 -25.002005 07/15/05 94.25 09/30/05 140.75 46.50 2325.00 09/30/05 2325.00 07/19/05 -62.502004 07/15/04 96.25 09/30/04 101.25 5.00 250.00 09/16/04 1287.50 08/18/04 -850.002003 07/15/03 112.50 09/30/03 140.00 27.50 1375.00 08/15/03 2450.002002 07/15/02 95.25 09/30/02 145.00 49.75 2487.50 09/30/02 2487.50 08/21/02 -912.502001 07/16/01 68.00 09/28/01 56.25 -11.75 -587.50 07/20/01 475.00 09/19/01 -1062.502000 07/17/00 70.75 09/29/00 67.25 -3.50 -175.00 07/28/00 162.50 09/22/00 -700.001999 07/15/99 56.25 09/30/99 67.50 11.25 562.50 09/14/99 850.00 08/11/99 -112.501998 07/15/98 51.50 09/30/98 60.25 8.75 437.50 09/24/98 937.50 07/29/98 -500.001997 07/15/97 96.25 09/30/97 96.50 0.25 12.50 07/25/97 1625.00 07/18/97 -25.001996 07/15/96 119.75 09/30/96 139.25 19.50 975.00 08/12/96 1087.50 09/13/96 -862.501995 07/17/95 169.50 09/29/95 180.50 11.00 550.00 07/31/95 1037.50 08/16/95 -750.001994 07/15/94 110.50 09/30/94 187.75 77.25 3862.50 09/30/94 3862.501993 07/15/93 60.75 09/30/93 74.00 13.25 662.50 07/27/93 962.50 07/16/93 -87.50
Percentage Correct 87
Average Profit on Winning Trades 46.35 2317.31 Winners 13
Average Loss on Trades -7.63 -381.25 Losers 2
Average Net Profit Per Trade 39.15 1957.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Sep Corn(CBOT) / Sell Sep Wheat(MGE)Enter on approximately 07/23 - Exit on approximately 07/30
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 07/23/07 -311.25 07/30/07 -309.75 1.50 75.00 07/30/07 75.00 07/24/07 -1025.002006 07/24/06 -259.25 07/28/06 -240.75 18.50 925.00 07/26/06 975.002005 07/25/05 -109.75 07/29/05 -112.75 -3.00 -150.00 07/29/05 -150.002004 07/23/04 -153.25 07/30/04 -132.25 21.00 1050.00 07/30/04 1050.002003 07/23/03 -152.25 07/30/03 -150.50 1.75 87.50 07/25/03 162.50 07/29/03 -162.502002 07/23/02 -134.25 07/30/02 -132.50 1.75 87.50 07/30/02 87.50 07/29/02 -150.002001 07/23/01 -114.50 07/30/01 -102.50 12.00 600.00 07/30/01 600.002000 07/24/00 -117.50 07/28/00 -119.50 -2.00 -100.00 07/28/00 -100.001999 07/23/99 -130.25 07/30/99 -124.00 6.25 312.50 07/30/99 312.50 07/27/99 -262.501998 07/23/98 -107.25 07/30/98 -94.50 12.75 637.50 07/29/98 725.001997 07/23/97 -144.50 07/30/97 -124.00 20.50 1025.00 07/30/97 1025.00 07/24/97 -87.501996 07/23/96 -111.00 07/30/96 -104.75 6.25 312.50 07/24/96 337.50 07/25/96 -75.001995 07/24/95 -207.50 07/28/95 -191.75 15.75 787.50 07/25/95 875.001994 07/25/94 -122.50 07/29/94 -117.00 5.50 275.00 07/29/94 275.00 07/27/94 -150.001993 07/23/93 -86.50 07/30/93 -74.25 12.25 612.50 07/30/93 612.50 07/27/93 -437.50
Percentage Correct 87
Average Profit on Winning Trades 10.44 522.12 Winners 13
Average Loss on Trades -2.50 -125.00 Losers 2
Average Net Profit Per Trade 8.72 435.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
134 HISTORICAL GRAINS REPORT
Buy Dec Wheat(KCBT) / Sell Dec Corn(CBOT)Enter on approximately 08/14 - Exit on approximately 09/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/14/07 338.00 09/27/07 532.75 194.75 9737.50 09/27/07 9737.50 08/21/07 -1200.002006 08/14/06 223.50 09/27/06 225.25 1.75 87.50 08/31/06 1037.50 09/25/06 -362.502005 08/15/05 124.75 09/27/05 164.00 39.25 1962.50 09/26/05 2137.50 08/17/05 -262.502004 08/16/04 97.75 09/27/04 142.25 44.50 2225.00 09/21/04 2637.50 08/18/04 -187.502003 08/14/03 156.50 09/26/03 130.00 -26.50 -1325.00 08/15/03 287.50 09/09/03 -2125.002002 08/14/02 118.00 09/27/02 212.25 94.25 4712.50 09/27/02 4712.50 08/15/02 -250.002001 08/14/01 78.25 09/27/01 79.00 0.75 37.50 08/24/01 362.50 09/14/01 -350.002000 08/14/00 103.75 09/27/00 113.25 9.50 475.00 09/01/00 537.50 09/22/00 -112.501999 08/16/99 81.25 09/27/99 89.00 7.75 387.50 09/14/99 525.00 08/17/99 -87.501998 08/14/98 78.50 09/25/98 98.50 20.00 1000.00 09/24/98 1175.00 08/25/98 -300.001997 08/14/97 112.50 09/26/97 112.75 0.25 12.50 08/29/97 887.50 09/15/97 -137.501996 08/14/96 130.00 09/27/96 139.00 9.00 450.00 08/23/96 525.00 09/12/96 -1225.001995 08/14/95 174.25 09/27/95 181.00 6.75 337.50 09/07/95 750.00 08/17/95 -512.501994 08/15/94 144.50 09/27/94 182.25 37.75 1887.50 09/26/94 2050.00 08/24/94 -162.501993 08/16/93 73.50 09/27/93 74.00 0.50 25.00 09/01/93 375.00 08/25/93 -262.50
Percentage Correct 93
Average Profit on Winning Trades 33.34 1666.96 Winners 14
Average Loss on Trades -26.50 -1325.00 Losers 1
Average Net Profit Per Trade 29.35 1467.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
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Buy Dec Wheat(CBOT) / Sell Dec Corn(CBOT)Enter on approximately 08/21 - Exit on approximately 09/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/21/07 349.00 09/28/07 566.00 217.00 10850.00 09/28/07 10850.002006 08/21/06 148.00 09/29/06 180.50 32.50 1625.00 09/28/06 1662.50 08/22/06 -200.002005 08/22/05 110.75 09/29/05 130.00 19.25 962.50 09/29/05 962.50 09/06/05 -550.002004 08/23/04 88.25 09/29/04 112.50 24.25 1212.50 09/16/04 1687.50 08/30/04 -362.502003 08/21/03 143.50 09/29/03 129.25 -14.25 -712.50 09/10/03 -1400.002002 08/21/02 77.00 09/27/02 143.75 66.75 3337.50 09/24/02 3350.002001 08/21/01 55.75 09/28/01 56.25 0.50 25.00 08/24/01 262.50 09/19/01 -450.002000 08/21/00 65.75 09/29/00 67.25 1.50 75.00 09/01/00 375.00 09/22/00 -450.001999 08/23/99 68.00 09/29/99 70.50 2.50 125.00 09/14/99 262.50 09/21/99 -425.001998 08/21/98 54.25 09/29/98 65.00 10.75 537.50 09/24/98 800.00 09/09/98 -237.501997 08/21/97 106.75 09/29/97 100.25 -6.50 -325.00 08/29/97 900.00 09/26/97 -350.001996 08/21/96 117.75 09/27/96 128.25 10.50 525.00 09/27/96 525.00 09/13/96 -762.501995 08/21/95 163.00 09/29/95 180.50 17.50 875.00 09/07/95 1312.50 08/30/95 -300.001994 08/22/94 144.00 09/29/94 173.75 29.75 1487.50 09/26/94 1800.00 08/24/94 -275.001993 08/23/93 70.25 09/29/93 76.75 6.50 325.00 09/01/93 475.00 09/23/93 -375.00
Percentage Correct 87
Average Profit on Winning Trades 33.79 1689.42 Winners 13
Average Loss on Trades -10.38 -518.75 Losers 2
Average Net Profit Per Trade 27.90 1395.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 135
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Buy Dec Wheat(MGE) / Sell Dec Corn(CBOT)Enter on approximately 08/23 - Exit on approximately 10/04
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 08/23/07 319.50 10/04/07 561.25 241.75 12087.50 10/03/07 12262.502006 08/23/06 211.00 10/04/06 211.25 0.25 12.50 09/05/06 725.00 09/18/06 -762.502005 08/23/05 120.75 10/04/05 179.25 58.50 2925.00 10/04/05 2925.00 09/01/05 -262.502004 08/23/04 118.25 10/04/04 152.25 34.00 1700.00 09/16/04 2512.50 08/24/04 -350.002003 08/25/03 146.75 10/03/03 138.50 -8.25 -412.50 09/05/03 -1412.502002 08/23/02 139.75 10/04/02 234.75 95.00 4750.00 10/01/02 5987.502001 08/23/01 93.00 10/04/01 95.00 2.00 100.00 08/29/01 337.50 09/07/01 -212.502000 08/23/00 120.25 10/04/00 122.25 2.00 100.00 09/29/00 325.00 09/22/00 -287.501999 08/23/99 126.50 10/04/99 124.00 -2.50 -125.00 09/07/99 225.00 09/22/99 -412.501998 08/24/98 114.50 10/02/98 142.50 28.00 1400.00 09/24/98 1425.00 09/10/98 -437.501997 08/25/97 124.00 10/03/97 130.00 6.00 300.00 08/28/97 1112.501996 08/23/96 120.00 10/04/96 128.75 8.75 437.50 10/04/96 437.50 09/12/96 -1475.001995 08/23/95 171.75 10/04/95 183.00 11.25 562.50 09/07/95 725.00 08/30/95 -312.501994 08/23/94 140.75 10/04/94 191.50 50.75 2537.50 10/04/94 2537.50 08/24/94 -150.001993 08/23/93 76.75 10/04/93 82.50 5.75 287.50 09/08/93 912.50 09/23/93 -50.00
Percentage Correct 87
Average Profit on Winning Trades 41.85 2092.31 Winners 13
Average Loss on Trades -5.38 -268.75 Losers 2
Average Net Profit Per Trade 35.55 1777.50 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Dec Wheat(MGE) / Sell Dec Corn(CBOT)Enter on approximately 09/13 - Exit on approximately 09/28
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/13/07 442.75 09/28/07 532.75 90.00 4500.00 09/28/07 4500.00 09/20/07 -450.002006 09/13/06 206.75 09/28/06 208.50 1.75 87.50 09/19/06 162.50 09/18/06 -550.002005 09/13/05 143.00 09/28/05 169.50 26.50 1325.00 09/28/05 1325.002004 09/13/04 162.50 09/28/04 159.50 -3.00 -150.00 09/16/04 300.00 09/28/04 -150.002003 09/15/03 132.00 09/26/03 137.25 5.25 262.50 09/25/03 387.50 09/18/03 -412.502002 09/13/02 198.00 09/27/02 243.75 45.75 2287.50 09/27/02 2287.50 09/16/02 -37.502001 09/13/01 90.00 09/28/01 92.25 2.25 112.50 09/25/01 337.50 09/14/01 -25.002000 09/13/00 119.50 09/28/00 120.25 0.75 37.50 09/18/00 62.50 09/22/00 -250.001999 09/13/99 128.75 09/28/99 130.50 1.75 87.50 09/28/99 87.50 09/22/99 -525.001998 09/14/98 109.50 09/28/98 136.00 26.50 1325.00 09/24/98 1675.001997 09/15/97 131.75 09/26/97 133.25 1.50 75.00 09/23/97 325.001996 09/13/96 92.00 09/27/96 119.75 27.75 1387.50 09/27/96 1387.501995 09/13/95 174.50 09/28/95 180.50 6.00 300.00 09/28/95 300.00 09/18/95 -325.001994 09/13/94 167.75 09/28/94 177.00 9.25 462.50 09/26/94 612.50 09/15/94 -175.001993 09/13/93 82.50 09/28/93 83.00 0.50 25.00 09/16/93 425.00 09/23/93 -337.50
Percentage Correct 93
Average Profit on Winning Trades 17.54 876.79 Winners 14
Average Loss on Trades -3.00 -150.00 Losers 1
Average Net Profit Per Trade 16.17 808.33 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
136 HISTORICAL GRAINS REPORT
Buy Dec Wheat(KCBT) / Sell Dec Corn(CBOT)Enter on approximately 09/14 - Exit on approximately 09/29
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 09/14/07 480.00 09/28/07 556.25 76.25 3812.50 09/28/07 3812.50 09/20/07 -762.502006 09/14/06 221.75 09/29/06 233.50 11.75 587.50 09/19/06 625.00 09/25/06 -275.002005 09/14/05 157.00 09/29/05 166.75 9.75 487.50 09/26/05 525.00 09/20/05 -287.502004 09/14/04 137.50 09/29/04 140.25 2.75 137.50 09/21/04 650.00 09/28/04 -37.502003 09/15/03 126.50 09/29/03 126.75 0.25 12.50 09/25/03 287.50 09/18/03 -475.002002 09/16/02 177.50 09/27/02 212.25 34.75 1737.50 09/27/02 1737.502001 09/14/01 71.25 09/28/01 78.00 6.75 337.50 09/27/01 387.502000 09/14/00 112.25 09/29/00 122.25 10.00 500.00 09/29/00 500.00 09/22/00 -537.501999 09/14/99 91.75 09/29/99 90.50 -1.25 -62.50 09/28/99 12.50 09/21/99 -537.501998 09/14/98 79.75 09/29/98 96.50 16.75 837.50 09/24/98 1112.501997 09/15/97 109.75 09/29/97 110.50 0.75 37.50 09/25/97 462.501996 09/16/96 110.75 09/27/96 139.00 28.25 1412.50 09/27/96 1412.501995 09/14/95 180.00 09/29/95 189.00 9.00 450.00 09/29/95 450.00 09/18/95 -350.001994 09/14/94 173.50 09/29/94 179.50 6.00 300.00 09/26/94 600.00 09/15/94 -150.001993 09/14/93 72.50 09/29/93 81.00 8.50 425.00 09/29/93 425.00 09/23/93 -175.00
Percentage Correct 93
Average Profit on Winning Trades 15.82 791.07 Winners 14
Average Loss on Trades -1.25 -62.50 Losers 1
Average Net Profit Per Trade 14.68 734.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Mar Wheat(CBOT) / Sell Mar Corn(CBOT)Enter on approximately 09/19 - Exit on approximately 09/28
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 09/19/07 474.75 09/28/07 557.75 83.00 4150.00 09/28/07 4150.00 09/20/07 -287.502007 09/19/06 165.75 09/28/06 181.50 15.75 787.50 09/28/06 787.50 09/20/06 -125.002006 09/19/05 115.75 09/28/05 127.25 11.50 575.00 09/23/05 637.502005 09/20/04 117.25 09/28/04 108.25 -9.00 -450.00 09/21/04 262.50 09/28/04 -450.002004 09/19/03 123.75 09/26/03 135.75 12.00 600.00 09/25/03 675.00 09/22/03 -162.502003 09/19/02 123.75 09/27/02 138.00 14.25 712.50 09/27/02 712.502002 09/19/01 47.50 09/28/01 55.50 8.00 400.00 09/26/01 500.002001 09/19/00 67.00 09/28/00 68.75 1.75 87.50 09/27/00 125.00 09/22/00 -225.002000 09/20/99 66.50 09/28/99 76.50 10.00 500.00 09/28/99 500.00 09/21/99 -175.001999 09/21/98 68.25 09/28/98 68.75 0.50 25.00 09/24/98 225.001998 09/19/97 111.00 09/26/97 104.75 -6.25 -312.50 09/26/97 -312.501997 09/19/96 90.50 09/27/96 111.50 21.00 1050.00 09/27/96 1050.001996 09/19/95 173.25 09/28/95 174.50 1.25 62.50 09/21/95 137.50 09/22/95 -200.001995 09/19/94 171.75 09/28/94 173.00 1.25 62.50 09/23/94 287.50 09/21/94 -87.501994 09/20/93 63.25 09/28/93 69.00 5.75 287.50 09/28/93 287.50 09/23/93 -112.50
Percentage Correct 87
Average Profit on Winning Trades 14.31 715.38 Winners 13
Average Loss on Trades -7.63 -381.25 Losers 2
Average Net Profit Per Trade 11.38 569.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
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Buy Mar Wheat(KCBT) / Sell Mar Corn(CBOT)Enter on approximately 09/21 - Exit on approximately 10/01
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 09/21/07 462.00 10/01/07 561.50 99.50 4975.00 10/01/07 4975.002007 09/21/06 222.25 09/29/06 227.00 4.75 237.50 09/28/06 237.50 09/25/06 -425.002006 09/21/05 140.25 09/30/05 164.75 24.50 1225.00 09/30/05 1225.002005 09/21/04 147.75 10/01/04 125.00 -22.75 -1137.50 10/01/04 -1137.502004 09/22/03 118.00 10/01/03 140.75 22.75 1137.50 10/01/03 1137.502003 09/23/02 174.00 10/01/02 203.50 29.50 1475.00 10/01/02 1475.002002 09/21/01 75.25 10/01/01 76.00 0.75 37.50 09/27/01 212.502001 09/21/00 105.75 09/29/00 123.50 17.75 887.50 09/29/00 887.50 09/22/00 -75.002000 09/21/99 84.25 10/01/99 86.25 2.00 100.00 09/28/99 550.001999 09/21/98 95.00 10/01/98 97.75 2.75 137.50 09/24/98 362.50 09/30/98 -12.501998 09/22/97 119.25 10/01/97 110.75 -8.50 -425.00 09/25/97 187.50 10/01/97 -425.001997 09/23/96 106.00 10/01/96 123.75 17.75 887.50 09/30/96 887.501996 09/21/95 173.75 09/29/95 179.50 5.75 287.50 09/29/95 287.50 09/22/95 -300.001995 09/21/94 172.25 09/30/94 184.75 12.50 625.00 09/30/94 625.001994 09/21/93 66.50 10/01/93 70.75 4.25 212.50 09/29/93 350.00 09/23/93 -175.00
Percentage Correct 87
Average Profit on Winning Trades 18.81 940.38 Winners 13
Average Loss on Trades -15.63 -781.25 Losers 2
Average Net Profit Per Trade 14.22 710.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy May Corn(CBOT) / Sell May Wheat(KCBT)Enter on approximately 10/02 - Exit on approximately 12/23
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 10/02/06 -214.00 12/22/06 -130.50 83.50 4175.00 12/19/06 4437.50 10/11/06 -1062.502006 10/03/05 -152.50 12/23/05 -149.75 2.75 137.50 12/13/05 887.50 10/13/05 -575.002005 10/04/04 -121.75 12/23/04 -120.25 1.50 75.00 12/02/04 600.00 11/08/04 -837.502004 10/02/03 -129.75 12/23/03 -125.75 4.00 200.00 10/08/03 975.00 12/04/03 -962.502003 10/02/02 -164.00 12/23/02 -114.00 50.00 2500.00 12/20/02 2550.00 10/16/02 -875.002002 10/02/01 -71.25 12/21/01 -70.50 0.75 37.50 12/13/01 275.00 10/31/01 -837.502001 10/02/00 -120.75 12/22/00 -101.50 19.25 962.50 12/18/00 1325.00 10/10/00 -125.002000 10/04/99 -90.25 12/23/99 -75.25 15.00 750.00 12/13/99 987.501999 10/02/98 -99.75 12/23/98 -96.50 3.25 162.50 12/11/98 537.50 10/26/98 -537.501998 10/02/97 -111.25 12/23/97 -75.75 35.50 1775.00 12/19/97 1862.501997 10/02/96 -92.25 12/23/96 -107.50 -15.25 -762.50 11/07/96 362.50 12/18/96 -1350.001996 10/02/95 -145.50 12/22/95 -110.75 34.75 1737.50 12/22/95 1737.50 10/04/95 -212.501995 10/03/94 -163.25 12/23/94 -146.50 16.75 837.50 12/14/94 1425.00 10/11/94 -150.001994 10/04/93 -61.50 12/23/93 -58.75 2.75 137.50 11/11/93 1075.00 10/07/93 -75.001993 10/02/92 -105.50 12/23/92 -104.50 1.00 50.00 10/29/92 200.00 11/27/92 -562.50
Percentage Correct 93
Average Profit on Winning Trades 19.34 966.96 Winners 14
Average Loss on Trades -15.25 -762.50 Losers 1
Average Net Profit Per Trade 17.03 851.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
138 HISTORICAL GRAINS REPORT
Buy Dec Corn(CBOT) / Sell Dec Wheat(CBOT)Enter on approximately 10/19 - Exit on approximately 11/10
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 10/19/07 -485.25 11/09/07 -375.25 110.00 5500.00 11/08/07 5637.50 10/22/07 -1062.502006 10/19/06 -197.00 11/10/06 -137.25 59.75 2987.50 11/10/06 2987.50 10/23/06 -87.502005 10/19/05 -126.00 11/10/05 -116.00 10.00 500.00 11/07/05 537.50 10/20/05 -175.002004 10/19/04 -112.25 11/10/04 -105.25 7.00 350.00 11/03/04 550.00 10/28/04 -187.502003 10/20/03 -120.00 11/10/03 -150.25 -30.25 -1512.50 11/10/03 -1512.502002 10/21/02 -154.50 11/08/02 -146.75 7.75 387.50 10/23/02 412.50 10/28/02 -675.002001 10/19/01 -81.50 11/09/01 -80.00 1.50 75.00 10/24/01 212.50 10/26/01 -400.002000 10/19/00 -53.50 11/10/00 -44.75 8.75 437.50 11/09/00 450.00 10/27/00 -237.501999 10/19/99 -62.00 11/10/99 -52.75 9.25 462.50 11/09/99 462.501998 10/19/98 -72.00 11/10/98 -70.75 1.25 62.50 10/20/98 237.50 10/26/98 -437.501997 10/20/97 -87.50 11/10/97 -74.25 13.25 662.50 10/27/97 675.00 10/21/97 -50.001996 10/21/96 -121.50 11/08/96 -111.25 10.25 512.50 10/31/96 812.501995 10/19/95 -175.50 11/10/95 -169.25 6.25 312.50 11/02/95 1262.50 10/20/95 -25.001994 10/19/94 -183.00 11/10/94 -159.00 24.00 1200.00 11/10/94 1200.00 10/24/94 -187.501993 10/19/93 -76.25 11/10/93 -71.75 4.50 225.00 11/02/93 287.50 10/21/93 -362.50
Percentage Correct 93
Average Profit on Winning Trades 19.54 976.79 Winners 14
Average Loss on Trades -30.25 -1512.50 Losers 1
Average Net Profit Per Trade 16.22 810.83 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
in I
nter
-Mar
ket S
trat
egy
Tab
les
Buy May Corn(CBOT) / Sell May Wheat(MGE)Enter on approximately 10/24 - Exit on approximately 01/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 10/24/06 -201.00 01/26/07 -86.00 115.00 5750.00 01/26/07 5750.002006 10/24/05 -154.50 01/27/06 -175.50 -21.00 -1050.00 11/23/05 237.50 01/20/06 -1100.002005 10/25/04 -153.75 01/27/05 -127.75 26.00 1300.00 01/27/05 1300.00 11/08/04 -237.502004 10/24/03 -139.50 01/27/04 -117.00 22.50 1125.00 01/26/04 1287.50 11/21/03 -987.502003 10/24/02 -216.75 01/27/03 -139.75 77.00 3850.00 12/31/02 4325.00 11/04/02 -437.502002 10/24/01 -102.75 01/25/02 -94.25 8.50 425.00 12/11/01 825.00 11/07/01 -512.502001 10/24/00 -119.00 01/26/01 -118.50 0.50 25.00 12/28/00 1262.50 10/27/00 -225.002000 10/25/99 -129.25 01/27/00 -100.50 28.75 1437.50 01/27/00 1437.501999 10/26/98 -140.50 01/27/99 -141.25 -0.75 -37.50 12/11/98 662.50 12/30/98 -137.501998 10/24/97 -105.75 01/27/98 -98.50 7.25 362.50 01/20/98 750.00 10/30/97 -175.001997 10/24/96 -97.50 01/27/97 -95.25 2.25 112.50 12/05/96 387.50 12/18/96 -1187.501996 10/24/95 -159.50 01/26/96 -113.50 46.00 2300.00 01/19/96 2925.00 10/27/95 -212.501995 10/24/94 -175.25 01/27/95 -125.00 50.25 2512.50 01/27/95 2512.501994 10/25/93 -59.00 01/27/94 -58.00 1.00 50.00 11/11/93 587.50 12/21/93 -950.001993 10/26/92 -116.75 01/27/93 -114.25 2.50 125.00 12/28/92 562.50 11/16/92 -450.00
Percentage Correct 87
Average Profit on Winning Trades 29.81 1490.38 Winners 13
Average Loss on Trades -10.88 -543.75 Losers 2
Average Net Profit Per Trade 24.38 1219.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 139
Per
sona
l Not
esBuy Mar Corn(CBOT) / Sell Mar Wheat(CBOT)
Enter on approximately 11/08 - Exit on approximately 02/06
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/08/06 -152.00 02/06/07 -54.50 97.50 4875.00 02/06/07 4875.002006 11/08/05 -119.25 02/06/06 -132.25 -13.00 -650.00 12/09/05 775.00 02/06/06 -650.002005 11/08/04 -111.75 02/04/05 -92.75 19.00 950.00 12/02/04 975.00 11/17/04 -25.002004 11/10/03 -156.25 02/06/04 -99.50 56.75 2837.50 02/06/04 2837.50 11/13/03 -725.002003 11/08/02 -143.75 02/06/03 -88.00 55.75 2787.50 01/27/03 3412.50 11/11/02 -37.502002 11/08/01 -77.50 02/06/02 -76.00 1.50 75.00 12/04/01 750.00 01/04/02 -950.002001 11/08/00 -55.75 02/06/01 -53.50 2.25 112.50 12/28/00 712.50 01/23/01 -800.002000 11/08/99 -62.00 02/04/00 -37.25 24.75 1237.50 02/03/00 1312.501999 11/09/98 -81.50 02/05/99 -51.00 30.50 1525.00 12/11/98 1662.501998 11/10/97 -79.75 02/06/98 -64.00 15.75 787.50 01/20/98 1300.00 12/05/97 -75.001997 11/08/96 -104.00 02/06/97 -89.25 14.75 737.50 02/04/97 837.50 12/18/96 -1600.001996 11/08/95 -161.25 02/06/96 -159.00 2.25 112.50 01/08/96 1912.50 11/14/95 -212.501995 11/08/94 -169.50 02/06/95 -134.00 35.50 1775.00 01/26/95 1837.50 12/27/94 -312.501994 11/08/93 -64.25 02/04/94 -83.75 -19.50 -975.00 11/11/93 475.00 01/10/94 -1137.501993 11/09/92 -143.25 02/05/93 -149.25 -6.00 -300.00 12/29/92 575.00 01/19/93 -1475.00
Percentage Correct 80
Average Profit on Winning Trades 29.69 1484.38 Winners 12
Average Loss on Trades -12.83 -641.67 Losers 3
Average Net Profit Per Trade 21.18 1059.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy Jul Corn(CBOT) / Sell Jul Wheat(MGE)Enter on approximately 11/08 - Exit on approximately 12/10
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 11/08/07 -314.25 12/10/07 -512.75 -198.50 -9925.00 12/10/07 -9925.002007 11/08/06 -132.00 12/08/06 -123.25 8.75 437.50 11/27/06 712.50 12/04/06 -512.502006 11/08/05 -148.25 12/09/05 -139.75 8.50 425.00 11/23/05 450.00 11/09/05 -212.502005 11/08/04 -147.25 12/10/04 -135.00 12.25 612.50 11/29/04 1000.00 11/10/04 -162.502004 11/10/03 -138.25 12/10/03 -135.00 3.25 162.50 11/19/03 625.00 11/17/03 -112.502003 11/08/02 -194.75 12/10/02 -137.00 57.75 2887.50 12/10/02 2887.502002 11/08/01 -111.50 12/10/01 -89.25 22.25 1112.50 12/03/01 1237.502001 11/08/00 -115.25 12/08/00 -105.25 10.00 500.00 12/08/00 500.00 11/13/00 -75.002000 11/08/99 -125.00 12/10/99 -120.50 4.50 225.00 12/07/99 312.50 11/15/99 -312.501999 11/09/98 -136.25 12/10/98 -129.00 7.25 362.50 11/23/98 525.001998 11/10/97 -106.25 12/10/97 -105.25 1.00 50.00 11/17/97 287.50 11/28/97 -37.501997 11/08/96 -88.75 12/10/96 -85.50 3.25 162.50 12/05/96 550.00 11/13/96 -275.001996 11/08/95 -129.00 12/08/95 -117.25 11.75 587.50 12/04/95 725.00 11/10/95 -200.001995 11/08/94 -126.75 12/09/94 -124.25 2.50 125.00 11/16/94 437.50 12/02/94 -37.501994 11/08/93 -48.75 12/10/93 -45.75 3.00 150.00 11/12/93 425.00 11/26/93 -125.00
Percentage Correct 93
Average Profit on Winning Trades 11.14 557.14 Winners 14
Average Loss on Trades -198.50 -9925.00 Losers 1
Average Net Profit Per Trade -2.83 -141.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
140 HISTORICAL GRAINS REPORT
Buy May Corn(CBOT) / Sell May Wheat(KCBT)Enter on approximately 11/08 - Exit on approximately 12/13
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2008 11/08/07 -359.75 12/13/07 -533.25 -173.50 -8675.00 11/13/07 300.00 12/10/07 -8787.502007 11/08/06 -163.50 12/13/06 -138.00 25.50 1275.00 12/12/06 1587.502006 11/08/05 -148.00 12/13/05 -134.75 13.25 662.50 12/13/05 662.50 11/10/05 -237.502005 11/08/04 -138.50 12/13/04 -117.00 21.50 1075.00 12/02/04 1437.502004 11/10/03 -138.50 12/12/03 -133.75 4.75 237.50 11/19/03 500.00 12/04/03 -525.002003 11/08/02 -161.25 12/13/02 -125.00 36.25 1812.50 12/10/02 1937.502002 11/08/01 -83.25 12/13/01 -65.75 17.50 875.00 12/13/01 875.002001 11/08/00 -105.50 12/13/00 -100.00 5.50 275.00 12/13/00 275.00 11/24/00 -262.502000 11/08/99 -88.25 12/13/99 -70.50 17.75 887.50 12/13/99 887.501999 11/09/98 -106.75 12/11/98 -89.00 17.75 887.50 12/11/98 887.501998 11/10/97 -90.00 12/12/97 -79.75 10.25 512.50 12/12/97 512.501997 11/08/96 -87.50 12/13/96 -109.75 -22.25 -1112.50 12/13/96 -1112.501996 11/08/95 -138.50 12/13/95 -120.50 18.00 900.00 12/04/95 925.001995 11/08/94 -143.00 12/13/94 -135.75 7.25 362.50 12/13/94 362.501994 11/08/93 -48.00 12/13/93 -50.25 -2.25 -112.50 11/11/93 400.00 11/24/93 -200.00
Percentage Correct 80
Average Profit on Winning Trades 16.27 813.54 Winners 12
Average Loss on Trades -66.00 -3300.00 Losers 3
Average Net Profit Per Trade -0.18 -9.17 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Gra
in I
nter
-Mar
ket S
trat
egy
Tab
les
Buy Mar Corn(CBOT) / Sell Mar Wheat(KCBT)Enter on approximately 11/30 - Exit on approximately 02/27
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 11/30/06 -159.75 02/27/07 -86.50 73.25 3662.50 02/14/07 4537.50 12/04/06 -112.502006 11/30/05 -168.75 02/27/06 -213.00 -44.25 -2212.50 12/13/05 875.00 02/21/06 -2262.502005 11/30/04 -126.50 02/25/05 -150.75 -24.25 -1212.50 12/02/04 300.00 02/25/05 -1212.502004 12/01/03 -156.25 02/27/04 -88.00 68.25 3412.50 02/27/04 3412.50 12/03/03 -150.002003 12/02/02 -173.50 02/27/03 -108.25 65.25 3262.50 01/13/03 3512.502002 11/30/01 -73.25 02/27/02 -80.50 -7.25 -362.50 12/13/01 325.00 01/25/02 -687.502001 11/30/00 -103.00 02/27/01 -94.75 8.25 412.50 12/28/00 512.50 01/23/01 -775.002000 11/30/99 -76.50 02/25/00 -63.75 12.75 637.50 02/01/00 675.00 12/01/99 -25.001999 11/30/98 -96.75 02/26/99 -66.75 30.00 1500.00 02/25/99 1625.00 01/08/99 -362.501998 12/01/97 -88.00 02/27/98 -85.50 2.50 125.00 01/21/98 1175.00 12/05/97 -62.501997 12/02/96 -127.25 02/27/97 -122.75 4.50 225.00 02/27/97 225.00 01/08/97 -1450.001996 11/30/95 -156.00 02/27/96 -152.50 3.50 175.00 01/08/96 1650.00 02/06/96 -987.501995 11/30/94 -162.00 02/27/95 -132.75 29.25 1462.50 02/27/95 1462.50 12/27/94 -700.001994 11/30/93 -72.75 02/25/94 -72.00 0.75 37.50 01/26/94 287.50 12/21/93 -775.001993 11/30/92 -137.00 02/26/93 -135.50 1.50 75.00 12/17/92 537.50 01/19/93 -850.00
Percentage Correct 80
Average Profit on Winning Trades 24.98 1248.96 Winners 12
Average Loss on Trades -25.25 -1262.50 Losers 3
Average Net Profit Per Trade 14.93 746.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
MOORE RESEARCH CENTER, INC. 141
Gra
in I
nter
-Mar
ket S
trat
egy
Tab
les
Buy May Corn(CBOT) / Sell 2 May Oats(CBOT)Enter on approximately 12/05 - Exit on approximately 02/16
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/05/06 -158.25 02/16/07 -69.50 88.75 4437.50 02/16/07 4437.50 12/21/06 -562.502006 12/05/05 -168.50 02/16/06 -147.75 20.75 1037.50 01/26/06 1487.50 12/08/05 -437.502005 12/06/04 -102.50 02/16/05 -99.75 2.75 137.50 01/07/05 362.50 02/01/05 -712.502004 12/05/03 -46.75 02/13/04 -16.25 30.50 1525.00 02/13/04 1525.00 01/07/04 -537.502003 12/05/02 -151.75 02/14/03 -150.00 1.75 87.50 12/16/02 612.50 01/10/03 -1200.002002 12/05/01 -174.00 02/15/02 -165.75 8.25 412.50 12/19/01 2612.502001 12/05/00 -6.50 02/16/01 3.00 9.50 475.00 02/14/01 587.50 12/07/00 -112.502000 12/06/99 -25.75 02/16/00 1.25 27.00 1350.00 02/16/00 1350.00 12/09/99 -125.001999 12/07/98 -7.25 02/16/99 9.75 17.00 850.00 02/16/99 850.001998 12/05/97 -37.50 02/13/98 -22.00 15.50 775.00 01/26/98 887.50 12/15/97 -275.001997 12/05/96 -45.75 02/14/97 -39.25 6.50 325.00 01/30/97 675.00 01/07/97 -1087.501996 12/05/95 -101.75 02/16/96 -60.75 41.00 2050.00 02/13/96 2375.00 12/14/95 -1512.501995 12/05/94 -13.75 02/16/95 -7.50 6.25 312.50 02/08/95 412.50 12/20/94 -612.501994 12/06/93 11.00 02/16/94 31.25 20.25 1012.50 01/06/94 1162.50 12/10/93 -25.001993 12/07/92 -67.25 02/16/93 -56.50 10.75 537.50 02/16/93 537.50 12/15/92 -412.50
Percentage Correct 100
Average Profit on Winning Trades 20.43 1021.67 Winners 15
Average Loss on Trades Losers 0
Average Net Profit Per Trade 20.43 1021.67 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Buy May Corn(CBOT) / Sell May Oats(CBOT)Enter on approximately 12/10 - Exit on approximately 02/17
CONTYEAR
ENTRYDATE
ENTRYPRICE
EXITDATE
EXITPRICE PROFIT
PROFITAMOUNT
BESTEQUITYDATE
BESTEQUITY
AMOUNT
WORSTEQUITYDATE
WORSTEQUITY
AMOUNT
2007 12/11/06 108.00 02/16/07 180.00 72.00 3600.00 02/16/07 3600.00 01/04/07 -237.502006 12/12/05 20.75 02/17/06 45.75 25.00 1250.00 02/17/06 1250.00 12/14/05 -25.002005 12/10/04 53.25 02/17/05 55.00 1.75 87.50 12/27/04 325.00 01/28/05 -462.502004 12/10/03 102.00 02/17/04 136.00 34.00 1700.00 02/13/04 1712.50 12/30/03 -362.502003 12/10/02 46.00 02/14/03 46.75 0.75 37.50 12/16/02 237.50 01/13/03 -825.002002 12/10/01 44.75 02/15/02 23.00 -21.75 -1087.50 12/19/01 237.50 01/03/02 -1112.502001 12/11/00 109.00 02/16/01 111.25 2.25 112.50 12/27/00 575.00 01/29/01 -62.502000 12/10/99 88.75 02/17/00 115.50 26.75 1337.50 02/10/00 1425.00 12/13/99 -50.001999 12/10/98 111.25 02/17/99 113.25 2.00 100.00 02/10/99 225.00 01/04/99 -112.501998 12/10/97 125.25 02/17/98 128.75 3.50 175.00 01/26/98 375.00 01/08/98 -712.501997 12/10/96 108.25 02/14/97 117.25 9.00 450.00 01/27/97 575.00 01/07/97 -612.501996 12/11/95 116.75 02/16/96 161.00 44.25 2212.50 02/14/96 2237.50 12/14/95 -375.001995 12/12/94 109.50 02/17/95 116.50 7.00 350.00 02/08/95 425.00 12/19/94 -250.001994 12/10/93 153.50 02/17/94 161.00 7.50 375.00 01/06/94 1012.501993 12/10/92 78.75 02/17/93 82.25 3.50 175.00 01/27/93 200.00 12/30/92 -125.00
Percentage Correct 93
Average Profit on Winning Trades 17.09 854.46 Winners 14
Average Loss on Trades -21.75 -1087.50 Losers 1
Average Net Profit Per Trade 14.50 725.00 Total trades 15
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVEPROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVEDBY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION,HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THEABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THEREARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
142 HISTORICAL GRAINS REPORT
PageHistorical Volatility Charts
Corn (CBOT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144
Oats (CBOT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 146
Wheat (CBOT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148
Wheat (KCBT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
Wheat (MGE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152
Seasonal Pattern/Average & Weekly Continuation ChartsCash & Basis
Corn: Cash and Cash vs: Mar, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154
Corn: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156
Chicago Wheat: Cash and Cash vs: Mar, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158
Chicago Wheat: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160
KC Wheat: Cash and Cash vs: Mar, May, Jul . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162
KC Wheat: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164
Minneapolis Wheat: Cash and Cash vs: Mar, May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166
Minneapolis Wheat: Cash vs: Jul, Sep, Dec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168
Miscellaneous
Mis
cell
aneo
us
MOORE RESEARCH CENTER, INC. 143
Jul Corn(CBOT) 15 Year Ave Volatility(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 5%
10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
May Corn(CBOT) 15 Year Ave Volatility(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Mar Corn(CBOT) 15 Year Ave Volatility(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 5%
10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: C
orn(
CB
OT
)
144 HISTORICAL GRAINS REPORT
Dec Corn(CBOT) 15 Year Ave Volatility(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 5%
10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
Sep Corn(CBOT) 15 Year Ave Volatility(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 5%
10%
15%
20%
25%
30%
35%
40%
45%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: C
orn(
CB
OT
)
MOORE RESEARCH CENTER, INC. 145
Jul Oats(CBOT) 15 Year Ave Volatility(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0%
10%
20%
30%
40%
50%
+1 STDAbove
CentralTendency
-1 STDBelow
May Oats(CBOT) 15 Year Ave Volatility(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 10%
20%
30%
40%
50%
60%
+1 STDAbove
CentralTendency
-1 STDBelow
Mar Oats(CBOT) 15 Year Ave Volatility(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: O
ats(
CB
OT
)
146 HISTORICAL GRAINS REPORT
Dec Oats(CBOT) 15 Year Ave Volatility(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 5%
10%
15%
20%
25%
30%
35%
40%
45%
+1 STDAbove
CentralTendency
-1 STDBelow
Sep Oats(CBOT) 15 Year Ave Volatility(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 0%
10%
20%
30%
40%
50%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: O
ats(
CB
OT
)
MOORE RESEARCH CENTER, INC. 147
Jul Wheat(CBOT) 15 Year Ave Volatility(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
May Wheat(CBOT) 15 Year Ave Volatility(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 10%
15%
20%
25%
30%
35%
40%
45%
+1 STDAbove
CentralTendency
-1 STDBelow
Mar Wheat(CBOT) 15 Year Ave Volatility(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: W
heat
(CB
OT
)
148 HISTORICAL GRAINS REPORT
Dec Wheat(CBOT) 15 Year Ave Volatility(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
Sep Wheat(CBOT) 15 Year Ave Volatility(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: W
heat
(CB
OT
)
MOORE RESEARCH CENTER, INC. 149
Jul Wheat(KCBT) 15 Year Ave Volatility(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 5%
10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
May Wheat(KCBT) 15 Year Ave Volatility(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 10%
15%
20%
25%
30%
35%
40%
+1 STDAbove
CentralTendency
-1 STDBelow
Mar Wheat(KCBT) 15 Year Ave Volatility(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 10%
15%
20%
25%
30%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: W
heat
(KC
BT
)
150 HISTORICAL GRAINS REPORT
Dec Wheat(KCBT) 15 Year Ave Volatility(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Sep Wheat(KCBT) 15 Year Ave Volatility(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: W
heat
(KC
BT
)
MOORE RESEARCH CENTER, INC. 151
Jul Wheat(MGE) 15 Year Ave Volatility(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
May Wheat(MGE) 15 Year Ave Volatility(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Mar Wheat(MGE) 15 Year Ave Volatility(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 5%
10%
15%
20%
25%
30%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: W
heat
(MG
E)
152 HISTORICAL GRAINS REPORT
Dec Wheat(MGE) 15 Year Ave Volatility(92-06)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Sep Wheat(MGE) 15 Year Ave Volatility(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 5%
10%
15%
20%
25%
30%
35%
+1 STDAbove
CentralTendency
-1 STDBelow
Vol
atili
ty: W
heat
(MG
E)
MOORE RESEARCH CENTER, INC. 153
Corn: No 2 yellow Cent-Ill - May Corn(CBOT) 15 Year Average(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May -45.00
-40.00
-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
15 YearPattern
5 YearPattern
Corn: No 2 yellow Cent-Ill - Mar Corn(CBOT) 15 Year Average(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar -40.00
-35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
15 YearPattern
5 YearPattern
Corn: No 2 yellow Cent-Ill 15 Year Seasonal(93-07)
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Cor
n C
ash
& B
asis
154 HISTORICAL GRAINS REPORT
Weekly Corn: No 2 yellow Cent-Ill - May Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-80.00
-70.00
-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
Weekly Corn: No 2 yellow Cent-Ill - Mar Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-70.00
-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
Weekly Corn: No 2 yellow Cent-Ill
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
Cor
n C
ash
& B
asis
MOORE RESEARCH CENTER, INC. 155
Corn: No 2 yellow Cent-Ill - Dec Corn(CBOT) 15 Year Average(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -35.00
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
15 YearPattern
5 YearPattern
Corn: No 2 yellow Cent-Ill - Sep Corn(CBOT) 15 Year Average(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep -50.00
-40.00
-30.00
-20.00
-10.00
0.00
15 YearPattern
5 YearPattern
Corn: No 2 yellow Cent-Ill - Jul Corn(CBOT) 15 Year Average(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul -50.00
-40.00
-30.00
-20.00
-10.00
0.00
15 YearPattern
5 YearPattern
Cor
n B
asis
156 HISTORICAL GRAINS REPORT
Weekly Corn: No 2 yellow Cent-Ill - Dec Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
Weekly Corn: No 2 yellow Cent-Ill - Sep Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-90.00
-80.00
-70.00
-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
Weekly Corn: No 2 yellow Cent-Ill - Jul Corn(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-90.00
-80.00
-70.00
-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
Cor
n B
asis
MOORE RESEARCH CENTER, INC. 157
Wheat: No 2 sft red St Louis - May Wheat(CBOT) 15 Year Average(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May -50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
15 YearPattern
5 YearPattern
Wheat: No 2 sft red St Louis - Mar Wheat(CBOT) 15 Year Average(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar -50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
15 YearPattern
5 YearPattern
Wheat: No 2 sft red St Louis 15 Year Seasonal(93-07)
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Chi
cago
Whe
at C
ash
& B
asis
158 HISTORICAL GRAINS REPORT
Weekly Wheat: No 2 sft red St Louis - May Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
Weekly Wheat: No 2 sft red St Louis - Mar Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
Weekly Wheat: No 2 sft red St Louis
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
Chi
cago
Whe
at C
ash
& B
asis
MOORE RESEARCH CENTER, INC. 159
Wheat: No 2 sft red St Louis - Dec Wheat(CBOT) 15 Year Average(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
15 YearPattern
5 YearPattern
Wheat: No 2 sft red St Louis - Sep Wheat(CBOT) 15 Year Average(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep -40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
15 YearPattern
5 YearPattern
Wheat: No 2 sft red St Louis - Jul Wheat(CBOT) 15 Year Average(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul -50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
15 YearPattern
5 YearPattern
Chi
cago
Whe
at B
asis
160 HISTORICAL GRAINS REPORT
Weekly Wheat: No 2 sft red St Louis - Dec Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
Weekly Wheat: No 2 sft red St Louis - Sep Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00
-100.00
-50.00
0.00
50.00
100.00
150.00
200.00
250.00
Weekly Wheat: No 2 sft red St Louis - Jul Wheat(CBOT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-150.00
-100.00
-50.00
0.00
50.00
100.00
150.00
200.00
250.00
Chi
cago
Whe
at B
asis
MOORE RESEARCH CENTER, INC. 161
Wheat: No 2 hard KC - May Wheat(KCBT) 15 Year Average(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May -10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
15 YearPattern
5 YearPattern
Wheat: No 2 hard KC - Mar Wheat(KCBT) 15 Year Average(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar -10.00
0.00
10.00
20.00
30.00
40.00
50.00
60.00
15 YearPattern
5 YearPattern
Wheat: No 2 hard KC 15 Year Seasonal(93-07)
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr 0
20
40
60
80
100
15 YearPattern
5 YearPattern
KC
Whe
at C
ash
& B
asis
162 HISTORICAL GRAINS REPORT
Weekly Wheat: No 2 hard KC - May Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
Weekly Wheat: No 2 hard KC - Mar Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
Weekly Wheat: No 2 hard KC
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
KC
Whe
at C
ash
& B
asis
MOORE RESEARCH CENTER, INC. 163
Wheat: No 2 hard KC - Dec Wheat(KCBT) 15 Year Average(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0.00
10.00
20.00
30.00
40.00
50.00
60.00
15 YearPattern
5 YearPattern
Wheat: No 2 hard KC - Sep Wheat(KCBT) 15 Year Average(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
15 YearPattern
5 YearPattern
Wheat: No 2 hard KC - Jul Wheat(KCBT) 15 Year Average(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0.00
20.00
40.00
60.00
80.00
100.00
15 YearPattern
5 YearPattern
KC
Whe
at B
asis
164 HISTORICAL GRAINS REPORT
Weekly Wheat: No 2 hard KC - Dec Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
Weekly Wheat: No 2 hard KC - Sep Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00
-50.00
0.00
50.00
100.00
150.00
200.00
250.00
Weekly Wheat: No 2 hard KC - Jul Wheat(KCBT)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-100.00
-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00
KC
Whe
at B
asis
MOORE RESEARCH CENTER, INC. 165
Wheat: spring 14%-pro Mpls - May Wheat(MGE) 15 Year Average(93-07)
Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 30.00
40.00
50.00
60.00
70.00
80.00
90.00
100.00
15 YearPattern
5 YearPattern
Wheat: spring 14%-pro Mpls - Mar Wheat(MGE) 15 Year Average(93-07)
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 30.00
40.00
50.00
60.00
70.00
80.00
90.00
100.00
15 YearPattern
5 YearPattern
Wheat: spring 14%-pro Mpls 15 Year Seasonal(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 0
20
40
60
80
100
15 YearPattern
5 YearPattern
Min
neap
olis
Whe
at C
ash
& B
asis
166 HISTORICAL GRAINS REPORT
Weekly Wheat: spring 14%-pro Mpls - May Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
Weekly Wheat: spring 14%-pro Mpls - Mar Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-40.00
-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
Weekly Wheat: spring 14%-pro Mpls
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1000.00
1100.00
1200.00
Min
neap
olis
Whe
at C
ash
& B
asis
MOORE RESEARCH CENTER, INC. 167
Wheat: spring 14%-pro Mpls - Dec Wheat(MGE) 15 Year Average(93-07)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 40.00
50.00
60.00
70.00
80.00
90.00
100.00
110.00
15 YearPattern
5 YearPattern
Wheat: spring 14%-pro Mpls - Sep Wheat(MGE) 15 Year Average(93-07)
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 40.00
50.00
60.00
70.00
80.00
90.00
100.00
110.00
120.00
15 YearPattern
5 YearPattern
Wheat: spring 14%-pro Mpls - Jul Wheat(MGE) 15 Year Average(93-07)
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 40.00
50.00
60.00
70.00
80.00
90.00
100.00
15 YearPattern
5 YearPattern
Min
neap
olis
Whe
at B
asis
168 HISTORICAL GRAINS REPORT
Weekly Wheat: spring 14%-pro Mpls - Dec Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-20.00
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
Weekly Wheat: spring 14%-pro Mpls - Sep Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
Weekly Wheat: spring 14%-pro Mpls - Jul Wheat(MGE)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007-50.00
0.00
50.00
100.00
150.00
200.00
250.00
Min
neap
olis
Whe
at B
asis
MOORE RESEARCH CENTER, INC. 169
Per
sona
l Not
es
170 HISTORICAL GRAINS REPORT
Chr
onol
ogic
al S
umm
ary
Chronological Summary of StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
1 Buy Dec Wheat(MGE)Sell May Wheat(MGE)
1/02 3/28 93 14 1 15 523 6/87 80
2 Sell Oats(CBOT)—May 1/03 2/16 93 14 1 15 343 8/45 41
3 Sell Wheat(CBOT)—March 1/03 2/28 80 12 3 15 513 9/57 80
4 Buy Dec Wheat(MGE)Sell Jul Wheat(MGE)
1/03 3/31 100 15 0 15 318 4/89 81
5 Buy Mar Corn(CBOT)Sell Mar Wheat(CBOT)
1/05 1/20 87 13 2 15 433 27/16 125
6 Buy Mar Corn(CBOT)Sell Mar Wheat(KCBT)
1/05 2/16 87 13 2 15 347 8/43 125
7 Buy Mar Wheat(KCBT)Sell Mar Wheat(CBOT)
1/07 2/27 87 13 2 15 478 9/52 81
8 Buy Sep Wheat(KCBT)Sell Mar Wheat(KCBT)
1/07 2/27 87 13 2 15 329 6/52 82
9 Buy Jul Wheat(CBOT)Sell Mar Wheat(CBOT)
1/09 2/09 100 15 0 15 342 11/32 82
10 Buy May Corn(CBOT)Sell May Wheat(CBOT)
1/12 3/31 93 14 1 15 748 9/80 126
11 Sell Oats(CBOT)—March 1/13 2/13 87 13 2 15 221 7/32 41
12 Buy Corn(CBOT)—September 1/29 2/14 93 14 1 15 230 14/17 17
13 Buy Corn(CBOT)—September 1/29 3/09 80 12 3 15 358 9/40 17
14 Buy Dec Wheat(CBOT)Sell May Wheat(CBOT)
2/09 4/08 93 14 1 15 428 7/60 83
15 Buy May Wheat(KCBT)Sell May Wheat(CBOT)
2/14 4/24 80 12 3 15 449 6/71 83
16 Buy May Wheat(KCBT)Sell May Wheat(CBOT)
3/25 4/12 87 13 2 15 394 21/19 84
17 Buy Jul Wheat(KCBT)Sell Jul Wheat(MGE)
3/28 4/18 87 13 2 15 350 16/22 84
18 Buy Jul Wheat(KCBT)Sell Jul Wheat(CBOT)
3/28 6/29 93 14 1 15 856 9/94 85
19 Sell Oats(CBOT)—July 3/29 5/22 80 12 3 15 427 8/55 42
20 Buy Dec Oats(CBOT)Sell May Oats(CBOT)
3/31 4/12 87 13 2 15 206 16/13 42
21 Buy Jul Wheat(KCBT)Sell Jul Corn(CBOT)
4/01 5/19 87 13 2 15 831 17/49 126
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
MOORE RESEARCH CENTER, INC. 171
Chr
onol
ogic
al S
umm
ary
Chronological Summary of StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
22 Sell Corn(CBOT)—December 4/06 4/28 100 15 0 15 417 18/23 18
23 Sell Corn(CBOT)—July * 4/07 6/30 80 12 3 15 803 9/85 18
24 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)
4/08 4/28 87 13 2 15 238 11/21 19
25 Sell Corn(CBOT)—December 4/09 4/17 100 15 0 15 223 25/9 19
26 Buy May Wheat(KCBT)Sell May Corn(CBOT)
4/09 4/20 80 12 3 15 763 64/12 127
27 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)
4/09 5/10 80 12 3 15 763 24/32 127
28 Buy Jul Wheat(MGE)Sell Jul Corn(CBOT)
4/09 6/11 93 14 1 15 797 12/64 128
29 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)
4/09 7/06 87 13 2 15 1362 15/89 128
30 Buy May Wheat(MGE)Sell May Wheat(KCBT)
4/19 4/27 80 12 3 15 313 35/9 85
31 Sell Corn(CBOT)—July 4/25 6/27 87 13 2 15 667 10/64 20
32 Buy "Red" Jul Corn(CBOT)Sell Sep Corn(CBOT)
4/26 8/06 87 13 2 15 570 6/103 20
33 Buy Corn(CBOT)—September 5/10 5/18 80 12 3 15 250 28/9 21
34 Sell Wheat(CBOT)—July 5/11 6/08 80 12 3 15 561 19/29 86
35 Buy Dec Corn(CBOT)Sell Dec Wheat(CBOT)
5/12 6/17 80 12 3 15 353 10/37 129
36 Buy Dec Corn(CBOT)Sell Jul Corn(CBOT)
5/19 6/14 93 14 1 15 238 9/27 21
37 Buy Sep Oats(CBOT)Sell Sep Corn(CBOT)
5/20 7/31 100 15 0 15 1118 15/73 129
38 Buy Dec Corn(CBOT)Sell Sep Corn(CBOT)
5/20 8/20 93 14 1 15 382 4/93 22
39 Sell Corn(CBOT)—September 5/21 6/29 87 13 2 15 719 18/40 22
40 Buy Jul Wheat(MGE)Sell Jul Wheat(CBOT)
5/21 6/29 100 15 0 15 843 21/40 86
41 Buy "Red" Jul Corn(CBOT)Sell Sep Corn(CBOT)
5/21 7/02 93 14 1 15 336 8/43 23
42 Sell Wheat(CBOT)—September 5/21 7/09 80 12 3 15 544 11/50 87
43 Sell Wheat(KCBT)—September 5/21 7/10 80 12 3 15 549 11/51 87
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
172 HISTORICAL GRAINS REPORT
Chr
onol
ogic
al S
umm
ary
Chronological Summary of StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
44 Buy Jul Wheat(MGE)Sell Mar Wheat(MGE)
5/24 6/22 100 15 0 15 441 15/30 88
45 Buy Oats(CBOT)—July 5/27 6/03 87 13 2 15 258 32/8 43
46 Sell Corn(CBOT)—July 6/02 6/29 87 13 2 15 661 24/28 23
47 Sell Oats(CBOT)—September 6/03 6/19 80 12 3 15 206 12/17 43
48 Buy Jul Wheat(MGE)Sell Dec Wheat(MGE)
6/04 6/21 93 14 1 15 370 21/18 88
49 Sell Corn(CBOT)—September 6/09 8/07 80 12 3 15 1075 18/60 24
50 Buy Sep Wheat(MGE)Sell Sep Wheat(KCBT)
6/12 7/03 93 14 1 15 429 20/22 89
51 Buy May Corn(CBOT)Sell Sep Corn(CBOT)
6/13 8/27 93 14 1 15 453 6/76 24
52 Buy May Corn(CBOT)Sell Dec Corn(CBOT)
6/13 9/21 100 15 0 15 221 2/101 25
53 Buy Jul Wheat(MGE)Sell Jul Corn(CBOT)
6/16 6/29 87 13 2 15 1028 73/14 130
54 Buy Sep Wheat(MGE)Sell Sep Corn(CBOT)
6/16 7/23 87 13 2 15 1648 43/38 130
55 Buy Sep Wheat(CBOT)Sell Sep Corn(CBOT)
6/16 8/12 87 13 2 15 1056 18/58 131
56 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
6/18 10/01 80 12 3 15 2664 25/106 131
57 Sell Corn(CBOT)—July 6/19 6/29 87 13 2 15 478 43/11 25
58 Buy 2 Sep Oats(CBOT)Sell Sep Corn(CBOT)
6/19 7/25 100 15 0 15 1107 30/37 132
59 Buy Dec Wheat(MGE)Sell Dec Wheat(KCBT)
6/20 7/08 100 15 0 15 353 19/19 89
60 Buy Sep Wheat(CBOT)Sell Sep Corn(CBOT)
7/02 7/23 87 13 2 15 870 40/22 132
61 Sell Corn(CBOT)—September 7/12 8/01 80 12 3 15 547 26/21 26
62 Buy Sep Wheat(KCBT)Sell Sep Corn(CBOT)
7/13 7/23 87 13 2 15 749 68/11 133
63 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
7/13 9/30 87 13 2 15 2221 28/80 133
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
MOORE RESEARCH CENTER, INC. 173
Chr
onol
ogic
al S
umm
ary
Chronological Summary of StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
64 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)
7/15 9/30 87 13 2 15 1958 25/78 134
65 Sell Corn(CBOT)—December 7/17 7/23 80 12 3 15 286 41/7 26
66 Buy Sep Wheat(KCBT)Sell Sep Wheat(MGE)
7/18 8/11 100 15 0 15 383 15/25 90
67 Buy Dec Wheat(CBOT)Sell Dec Wheat(MGE)
7/19 8/22 93 14 1 15 495 14/35 90
68 Buy Sep Corn(CBOT)Sell Sep Wheat(MGE)
7/23 7/30 87 13 2 15 436 54/8 134
69 Sell Oats(CBOT)—December 7/31 8/05 87 13 2 15 204 34/6 44
70 Sell Oats(CBOT)—September 7/31 8/30 87 13 2 15 252 8/31 44
71 Buy Oats(CBOT)—December 8/05 10/13 87 13 2 15 586 8/70 45
72 Buy Wheat(MGE)—December 8/05 10/25 80 12 3 15 1483 18/82 91
73 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)
8/11 11/04 87 13 2 15 476 6/86 91
74 Buy Wheat(MGE)—May 8/12 9/25 80 12 3 15 984 22/45 92
75 Buy Wheat(KCBT)—May 8/13 10/23 80 12 3 15 1178 16/72 92
76 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
8/14 9/27 93 14 1 15 1468 33/45 135
77 Buy Dec Wheat(KCBT)Sell Jul Wheat(KCBT)
8/19 10/11 80 12 3 15 820 15/54 93
78 Buy Dec Wheat(CBOT)Sell Dec Corn(CBOT)
8/21 9/29 87 13 2 15 1395 35/40 135
79 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)
8/23 10/04 87 13 2 15 1778 41/43 136
80 Sell Corn(CBOT)—December 8/24 9/16 87 13 2 15 388 16/24 27
81 Buy Dec Wheat(MGE)Sell Jul Wheat(MGE)
8/24 11/25 87 13 2 15 644 7/94 93
82 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)
8/25 10/03 87 13 2 15 442 11/40 27
83 Buy Oats(CBOT)—December 8/30 9/10 80 12 3 15 223 19/12 45
84 Buy "Red" Dec Corn(CBOT)Sell Dec Corn(CBOT)
9/03 10/05 87 13 2 15 347 11/33 28
85 Sell Corn(CBOT)—December 9/04 9/13 87 13 2 15 252 25/10 28
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
174 HISTORICAL GRAINS REPORT
Chr
onol
ogic
al S
umm
ary
Chronological Summary of StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
86 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)
9/07 9/29 93 14 1 15 325 14/23 94
87 Buy Dec Wheat(MGE)Sell Dec Wheat(CBOT)
9/07 10/14 87 13 2 15 616 16/38 94
88 Buy Dec Wheat(MGE)Sell Dec Corn(CBOT)
9/13 9/28 93 14 1 15 808 51/16 136
89 Buy Dec Wheat(KCBT)Sell Dec Corn(CBOT)
9/14 9/29 93 14 1 15 734 46/16 137
90 Buy Mar Wheat(CBOT)Sell Mar Corn(CBOT)
9/19 9/28 87 13 2 15 569 57/10 137
91 Buy Wheat(MGE)—December 9/19 10/21 87 13 2 15 890 27/33 95
92 Buy Wheat(CBOT)—December 9/19 10/22 80 12 3 15 698 21/34 95
93 Buy Wheat(KCBT)—December 9/19 10/22 80 12 3 15 699 21/34 96
94 Buy Mar Wheat(KCBT)Sell Mar Corn(CBOT)
9/21 10/01 87 13 2 15 711 65/11 138
95 Buy May Corn(CBOT)Sell May Wheat(KCBT)
10/02 12/23 93 14 1 15 852 10/83 138
96 Buy Oats(CBOT)—March 10/04 10/15 80 12 3 15 221 18/12 46
97 Sell Wheat(KCBT)—March 10/14 12/10 80 12 3 15 310 5/58 96
98 Sell Wheat(MGE)—March 10/16 12/10 80 12 3 15 193 3/56 97
99 Sell Wheat(MGE)—March 10/16 1/06 87 13 2 15 919 11/83 97
100 Buy Dec Corn(CBOT)Sell Dec Wheat(CBOT)
10/19 11/10 93 14 1 15 811 35/23 139
101 Sell Wheat(MGE)—July 10/23 12/11 87 13 2 15 198 4/50 98
102 Sell Wheat(KCBT)—March 10/23 12/13 80 12 3 15 739 14/52 98
103 Buy May Corn(CBOT)Sell May Wheat(MGE)
10/24 1/27 87 13 2 15 1219 13/96 139
104 Buy Mar Corn(CBOT)Sell Mar Wheat(CBOT)
11/08 2/06 80 12 3 15 1059 12/91 140
105 Buy Jul Corn(CBOT)Sell Jul Wheat(MGE)
11/08 12/10 93 14 1 15 -142 -4/33 140
106 Buy May Corn(CBOT)Sell May Wheat(KCBT)
11/08 12/13 80 12 3 15 -9 -0/36 141
107 Buy Jul Wheat(KCBT)Sell Jul Wheat(MGE)
11/11 1/24 87 13 2 15 438 6/75 99
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
MOORE RESEARCH CENTER, INC. 175
Chr
onol
ogic
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umm
ary
Chronological Summary of StrategiesSeasonalStrategy
EntryDate
ExitDate
WinPct
WinYears
LossYears
TotalYears
AverageProfit
Ave PPD/Days
PgNo
108 Buy Sep Wheat(KCBT)Sell May Wheat(KCBT)
11/12 1/30 100 15 0 15 475 6/80 99
109 Sell Wheat(KCBT)—March 11/14 12/13 80 12 3 15 533 18/30 100
110 Sell Wheat(CBOT)—March 11/14 12/13 87 13 2 15 570 19/30 100
111 Sell Wheat(MGE)—March 11/14 12/14 93 14 1 15 521 17/31 101
112 Buy Sep Wheat(CBOT)Sell Mar Wheat(CBOT)
11/14 2/27 93 14 1 15 1093 10/106 101
113 Buy Dec Wheat(KCBT)Sell Dec Wheat(CBOT)
11/17 11/29 93 14 1 15 325 25/13 102
114 Buy Sep Wheat(MGE)Sell May Wheat(MGE)
11/21 2/27 100 15 0 15 645 7/99 102
115 Sell Wheat(CBOT)—March 11/23 2/27 80 12 3 15 803 8/97 103
116 Buy Jul Wheat(CBOT)Sell Mar Wheat(CBOT)
11/24 2/07 100 15 0 15 733 10/76 103
117 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)
11/24 2/15 93 14 1 15 531 6/84 104
118 Buy Mar Corn(CBOT)Sell Mar Wheat(KCBT)
11/30 2/27 80 12 3 15 747 8/90 141
119 Buy May Corn(CBOT)Sell 2 May Oats(CBOT)
12/05 2/16 100 15 0 15 1022 14/74 142
120 Buy Jul Wheat(CBOT)Sell May Wheat(CBOT)
12/08 2/28 100 15 0 15 456 5/83 104
121 Buy May Corn(CBOT)Sell May Oats(CBOT)
12/10 2/17 93 14 1 15 725 10/70 142
122 Sell Oats(CBOT)—July 12/14 2/16 87 13 2 15 317 5/65 46
123 Buy Wheat(CBOT)—July 12/15 1/13 87 13 2 15 558 19/30 105
124 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)
12/20 1/10 93 14 1 15 348 16/22 105
125 Buy Wheat(KCBT)—July 12/20 2/23 80 12 3 15 571 9/66 106
126 Buy Jul Wheat(KCBT)Sell Mar Wheat(KCBT)
12/26 1/18 87 13 2 15 368 15/24 106
** Caution: Trade exit is during delivery period. Longs may be subject to delivery.
Note: These trade strategies have worked with historical consistency. No representation is being made that they will work this year or in the future. Please check current market fundamentals and technical conditions before considering these trades. This information is not a recommendation to buy or sell at this time, but merely a historical presentation of trade strategies. Past results are not necessarily indicative of future results. No representation is being made that an account will or is likely to achieve profits or incur losses similar to those shown.
SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONALS THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYINGFUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR. EVENIF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NOREPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILLRECUR IN THE FUTURE. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL ORIS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTSSUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OFHINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTEDFOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. RESULTS NOT ADJUSTED FOR COMMISSION AND SLIPPAGE.
Copyright ©1989-2008 Moore Research Center, Inc.
For other MRCI products and information: 1-800-927-7259Or Website: http://www.mrci.com Email: [email protected] or (541) 484-7256 - Fax: (541) 484-0243
176 HISTORICAL GRAINS REPORT
All material in this report iscopyrighted, and all rights are reservedunless specifically stated otherwise.Material is provided for information only;no recommendation to buy or sell futuresis made. Opinions expressed are solelythose of the author(s). All information isderived from sources believed to be reliable, but MRCI does not guarantee its accuracy. Any losses resulting from following information contained hereinare the sole responsibility of the reader.While representatives of MRCI may havea position in and/or intend to buy or sellfutures referred to, their positions and intentions may not necessarily be consistent with the enclosed material.
When reviewing performanceresults, please consider the added impact of transaction costs and slippage. Market conditions mayprevent execution of a stop-loss orderat its specified price. Also, resultsshown in this report do not include a deduction for transaction costs(commissions and fees).
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178 HISTORICAL GRAINS REPORT
Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money deposited for a futures position. therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade.
All references to options refer to options on futures.
the Globe logo, cme®, chicago mercantile exchange®, cme Group™, Globex® and cme eoS trader™ are trademarks of chicago mercantile exchange Inc. the information within this document has been compiled by cme Group for general purposes only. Although every attempt has been made to ensure the accuracy of the information within this document, cme Group assumes no responsibility for any errors or omissions. Additionally, any examples in this document are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or the results of actual market experience.
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