07/15/2014 – US Dollar
September US dollar index:
1. In yesterday’s (Monday, July 14) Williams edge live meeting it was noted that the September dollar index (then trading at approximately $80.23) was in buying territory for an advance to $80.47.
2. Today’s September dollar index advanced powerfully and completed the $80.47 upside target (session high, $80.47, so far).
3. Self-directed traders who took advantage of the above exited a portion of their long position at $80.47. Any remaining position can be held for a trend following exit. Will update.
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.