07/31/2015 – US Dollar
Issued: 07/27/2015
September US dollar index:
1. The next important daily market bottom in the September US dollar index is tomorrow, Tuesday, July 28 (+/-1 day).
2. Therefore, new long entry will soon be indicated. However, no new long entry is expected until a test/attempt at $96.15/$.12 occurs in the September US dollar index. Will update.
David Williams
Issued: 07/29/2015
September US dollar index:
1. Our recent September US dollar report noted that the next important daily market bottom in the September US dollar index was Tuesday, July 28 (+/-1 day). We noted that new long entry would be indicated shortly thereafter.
2. In today’s (Wednesday, July 29) Williams edge live meeting it was noted that aggressive traders could go long the September US dollar index at the then current price of approximately $96.95 for an initial upside target at $97.30.
3. Today’s September US dollar index spiked approximately 40 pips lower (in response to today’s Fed announcement) and then advanced and completed the $97.20 upside initial profit target. Higher prices remain possible from here.
4. A protective sell stop should be placed at $96.91. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 07/30/2015
September US dollar index:
1. Our recent September US dollar report noted that the next important daily market bottom in the September US dollar index was Tuesday, July 28 (+/-1 day).
2. In Wednesday, July 29 Williams edge live meeting it was noted that aggressive traders should go long the September US dollar index at the then current price of approximately $96.95 for an initial upside target at $97.30. This initial target was completed the same day.
3. Today’s (Thursday, July 30) September US dollar index has advanced higher. Further long position exit should be taken now at current prices (current price $97.71).
4. Our protective sell stop has been moved to $97.35. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 07/31/2015
September US dollar index:
1. In our Wednesday, July 29 Williams edge live meeting it was noted that aggressive traders should go long the September US dollar index at $96.95 for an initial upside target at $97.30. This initial target was completed the same day.
2. Further long position exit was instructed to be taken at $97.71 which occurred on Thursday, July 31.
3. Any final long position was stopped out today at $97.35, resulting in a successful trade (all positions profitable). Will message any further entry or indication in the September US dollar index.
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.