08/05/2015 – British Pound
September British pound:
1. Our July 28 September British pound report indicated that any further test and hourly or especially daily close below $156.25/$.35 in the September British pound would indicate new short entry for a tradable multi-day decline and test/attempt at $155.30/$.25 (or lower) into late the week of July 27/early this week (week of August 3).
2. On Wednesday, August 5 the September British pound declined and completed the $155.30/$.25 downside target (session low, $155.20) completing the forecast/trade. 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.