07/13/2017 – Euro
September euro:
1. In yesterday’s (Wednesday, July 12) Williams edge live meeting it was noted that a daily close below $114.75 in the September euro was expected which would make $114.75 short selling territory for a decline to $114.25 (initial profit target) then $114.00/$$113.90.
2. Subsequently, the September euro closed below $114.75 and during the Globex overnight session advanced and triggered our $114.75 short entry. The market advanced to $114.94 before reversing sharply lower and completing the $114.25 initial downside target (today’s session low, $114.09, so far). Today’s $114.09 swing low may be all the market can do. Therefore, stops should be lowered to $114.60 at this time. Will message any further entry or indication in the September euro.
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.