07/09/2014 – US Dollar
September US dollar index:
1. In Monday’s Williams edge live meeting it was noted that the US dollar (which was then trading at approx. $80.31) could be shorted for a multi-day decline to $80.06. No daily close above $80.34 was expected while the decline was underway.
2. Today’s (Wed., July 9) session completed the $80.06 downside target (session low, $80.065, so far).
3. Traders who took advantage of this decline should have exited the majority of any remaining short position at/near $80.06. Aggressive can continue to hold for the possibility of lower prices.
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.