08/14/2017 – Japanese Yen
September Japanese yen:
1. In Fridays (August 11) Williams edge live meeting it was noted that a daily close below $92.00 was expected in the September Japanese yen with an expected follow-through to the downside to $91.10. Initial short profit target was $91.50.
2. Subsequently, the Japanese yen closed the day below $92.00 as expected (at $91.71) and went on to complete the majority of the forecast decline to $91.10 (today swing low, $91.21, so far). This successfully completes the forecast/trade. Will message any further entry or indication in the September Japanese yen.
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.