01/12/2017 – Japanese Yen
- January 12, 2017
- Japanese Yen
March Japanese yen:
1. In Tuesdays (January 10) Williams edge live meeting (and subsequent meetings) it was noted that any hourly or daily close above $87.00 in the March Japanese yen should be bought for a further advance to $88.00/$.10.
2. Subsequently, the March Japanese yen closed hourly above $87.00 (at $87.14) and quickly completed the forecast $88.00/.10 upside target (today’s session high, $88.08, so far). This successfully completes the forecast/trade. Will message any further entry or indication in the March 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.