03/14/2016 – British Pound
Issued: 03/14/2016
June British pound:
1. As noted in today’s (Monday, March 14) Williams edge live meeting, the June British pound (currently trading at approximately $143.00) is expected to move lower and test/attempt $142.60/$.50 (or lower) into Wednesday, March 16 (+/-1 day).
2. Therefore, new short entries are indicated. A protective buy stop should be placed at $143.45. This stop will be moved lower as the market continues to confirm.
Issued: 03/15/2016
June British pound:
1. As noted in Monday’s, March 14 Williams edge live meeting, the June British pound (then trading at approximately $143.00) was expected to move lower and test/attempt $142.60/$.50 (or lower) into Wednesday, March 16 (+/-1 day).
2. Therefore, new short entries were indicated. A protective buy stop was placed at $143.45.
3. Today, Tuesday, March 15 the June British pound declined sharply and completed the $142.60/$.50 initial downside target (today’s session low, $141.50, so far).
4. Final short position exits should be taken at current prices (current price,, $141.90). This completes the forecast/trade. Will message any further entry or indication in the June British pound.
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.