02/24/2016 – Japanese Yen
March Japanese yen:
1. On both Friday, February 19 and Monday February 22 it was noted that continued daily closes above $88.40 in the March Japanese yen could be bought for a multi-day advance to $89.80/$.90.
2. Subsequently, the Japanese yen closed both Friday and Monday above $88.40 (at $88.79 and $88.60 respectively) and today (Wednesday, February 24) completed the forecast advance to the $89.80/$.90 upside profit target. 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.