07/28/2015 – British Pound
Issued: 07/27/2015
September British pound:
1. The September British pound continues to advance off the recent nonpublished $154.60 downside target. The following is a 2 step set of conditions that while not specifically forecast to occur, if they do occur would prompt new short entry:
1. The September British pound remains unable to test/attempt $156.21 on the upside during the current advance (today’s session high $155.90, so far).
2. After being unable to reach $156.21 on the upside, the September British pound then closes hourly or daily below $155.00. A new short position should be taken at that time for a further important decline.
3. Downside targets protective stops etc. will be messaged if the market continues to confirm as noted above.
David Williams
Issued: 07/28/2015
September British pound:
1. Today (Tuesday, July 28) the September British pound tested $156.21 on the upside during the current advance, negating the potential short trade entry noted in our previous update. Will message any further entry or indication in the September British pound.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.