Soybeans have been lagging corn and wheat recently in the grains, but the pattern shows that by early next week July soybeans should be ready to move substantially higher. Corn should lead the group higher and breakout by early Monday followed by wheat and then soybeans.
Please note that I do not trade futures using elliott wave or intraday, but use elliott wave to inform my trading decisions. I use the same methodology that I use on the stock market and stocks, but with faster moving averages and tighter stops, typically a 3 day high or low stop or PSAR stop.
My adventure in trading futures began last year when I formed a partnership with a long time friend. We got all of the paperwork completed and started trading in March. So far so good as the approaches that I have frequently presented here for stocks has worked quite well. The fact is that trend following is trend following. You may have to adjust the parameters a little to accommodate different markets, but the process is the same.
The biggest thing that must be understand is the risk with futures. I am continually amazed at how the PR campaigns from various brokers talk about how small an account you can have to trade futures, but the fact is that you really need $250k to comfortably trade a diversified account within the natural swings and volatility of the various commodities. Perhaps you can trade a smaller account if you concentrate on a single market, but then you don't have the benefit of diversification, which can really be a problem when you go through the inevitable period of multiple losses in a row.