08/18/2019 – Euro
Issued: 08/18/2019
September euro:
1. In Tuesday 08/06 Williams edge session it was noted to sell the euro short at/near $112.80 for a four-day expected decline to $111.90 expected to complete on Monday 08/12.
2. Subsequently, the euro tested the $112.80 level (swing high $112.85) and then reversed lower and on 08/12 completed the $111.90 downside target (swing low, $111.92). This successfully completes the majority of the forecast/trade.
David Williams
Issued: 08/18/2019
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.