07/15/2014 – Canadian Dollar
September Canadian dollar:
1. In our previous (Monday, July 14) Williams edge live meeting it was noted that the September Canadian dollar (then trading at approximately $103.00) would continue to decline and test $92.75 into Tuesday, July 15 (+/-1 day).
2. Today’s September Canadian dollar completed the $92.75 downside target (today’s session low, $92.71, so far).
3. Today’s $92.75 downside completion represents the final downside target for self-directed traders who took advantage of the above.
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.