11/11/2015 – British Pound
Issued: 11/09/2015
December British pound:
1. Hourly closes above $151.24 in the December British pound will indicate a continued advance and test/attempt at $151.60 (or higher) into mid week or slightly beyond.
2. Partial long position exit should be taken at/near $151.40. Further long position exit should be taken at/near $151.55, and any remainder held for the possibility of higher prices to be messaged in a subsequent update.
3. Once long (based on the above) a protective sell stop should be placed at/near $150.90. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 11/11/2015
December British pound:
1. Our Monday, November 9 update noted that hourly closes above $151.24 in the December British pound would indicate a continued advance and test/attempt at $151.60 (or higher) into mid week or slightly beyond. On Tuesday, November 10 the December British pound closed hourly at $151.33, indicating new long entry.
2. Partial long position exit was taken at/near $151.40. Further long position exit was instructed to be taken at/near $151.55 (also occurred). Our final long position is being held for the possibility of higher prices to be messaged in a subsequent update.
3. As noted in today’s (Wednesday, November 11) Williams edge live meeting further advance remains likely including a test/attempt at $152.80/$90. Therefore, any remaining long position should be exited at/near $152.68.
4. Our protective sell stop has been raised to $151.70. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 11/12/2015
December British pound:
1. Our Monday, November 9 update noted that hourly closes above $151.24 in the December British pound would indicate a continued advance and test/attempt at $151.60 (or higher) into mid week or slightly beyond. On Tuesday, November 10 the December British pound closed hourly at $151.33, indicating new long entry.
2. Partial long position exit was taken at/near $151.40. Further long position exit was instructed to be taken at/near $151.55 (also occurred). Our final long position exit occurred today at $151.70 (our protective stop), resulting in a successful trade. Will message any further entry or indication in the December 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.