05/04/2016 – Japanese Yen
June Japanese yen:
1. In yesterday’s (Tuesday, May 3) Williams edge live meeting it was noted that while not intended to be traded, a daily close below $94.30 in the June Japanese yen would have the market trading at $93.50 and the following session.
2. Subsequently, the June Japanese yen closed well below $94.30 and today (Wednesday, May 4) completed the $93.50 downside target (today’s session low, $93.22). 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.