07/26/2017 – Euro
September euro:
1. In our Monday, July 24 Williams edge live meeting it was noted that the previous session close below $117.05 indicated new short entry for further expected decline.
2. Subsequently, the September euro declined to $116.60 which prompted our initial 1/2 short position exit. On Tuesday, July 25 we indicated a protective stop should be placed at $116.93 to protect against any surprise advance.
3. Subsequently, our $116.93 protective stop was hit resulting in a breakeven or better on the entire trade. Will message any further entry or indication in the September euro.
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.