07/19/2017 – Japanese Yen
September Japanese yen:
1. In our Monday (July 17) Williams edge live meeting it was noted that the SeptemberJapanese yen could be shorted at/near $89.30 for further decline to $88.70/$60.
2. Subsequently, the September Japanese yen made a swing high of $89.27 (at/near $89.30 shorting territory) and quickly declined which prompted our initial short position exit at $88.92. However, the September Japanese yen subsequently reversed higher and stopped our remaining short position out at $89.37, resulting in a small gain (depending on your exact entry) on the entire position. Will message any further entry or indication in the September Japanese yen.
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.