07/09/2015 – British Pound
Issued: 07/09/2015
September British pound:
1. Although the September British pound is in a powerful downtrend, Wednesdays (July 8) test of $153.23 is an important price completion. A multi-day tradable advance and test/attempt at $154.75/$80 is indicated.
2. Aggressive traders can go long at current prices (current price, $153.66) with a protective sell stop below $153.20 (or upon an hourly close below that same level). Partial long position exit should be taken at/near $153.90.
3. More prudent traders should wait for an hourly or daily close above $154.07 for new long entry. Will update as the market continues to confirm.
David Williams
Issued: 07/10/2015
September British pound:
1. Yesterday’s (Thursday, July 9) September British pound report indicated that the market could be bought at $153.66 (or above $154.07) for a powerful advance to $154.75/$.80.
2. Today’s (Friday, July 10) September British pound session advance powerfully and completed the $154.75/$.80 upside target. This resulted in an approximate gain of 110 pips, completing the trade. Will message any further entry or indication in the September 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.