03/27/2018 – Japanese Yen
June Japanese yen:
1. In Fridays (03/16) Williams edge session it was noted that a daily close below $95.00 in the June Japanese yen could be sold short for a decline to $94.40 expected into Monday 03/19 (+/-1 day).
2. Subsequently, the June Japanese yen closed daily below $95.00 (at $94.98) and subsequently declined to the $94.40 downside target and did so on 03/20, completing the forecast/trade (session low, $84.37). Will message any further entry or indication in the June 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.