02/11/2017 – Japanese Yen

March Japanese yen:

1. In Fridays (February 3) Williams edge live meeting it was noted that any further advance and daily close below $89.50 in the March Japanese yen would be followed by a decline of 150 points to the downside.

2. Subsequently, the March Japanese yen advanced to a high of $89.71 on February 7 but closed daily below $89.50, indicating a failure at that level. Subsequently, the March Japanese yen broke to the downside and completed the forecast 150 point decline. 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.