03/08/2016 – Japanese Yen
- March 8, 2016
- Japanese Yen
March Japanese yen:
1. In yesterday’s (Monday, March 7) Williams edge futures meeting it was noted that a daily close in the March Japanese yen above $87.60 would indicate a tradable advanced to $88.50 (or higher). The March Japanese yen closed at $88.15, indicating new long entry.
2. Subsequently, today’s (Tuesday, March 8) March Japanese yen advanced and completed the $88.50 (and higher) upside profit target (today’s session high, $88.96, 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.