08/02/2016 – Australian Dollar
September Australian dollar:
1. On Friday, July 29 in our Williams edge meeting it was noted that the Australian dollar (then trading at approximately $75.88) was likely preparing for an approximate 100 PIP decline to $74.90/$.75 in the following days.
2. Subsequently, the September Australian dollar declined and today (Tuesday, August 2) completed the forecast $74.90/$75 downside target (today’s session low, $74.66, so far). This successfully completes the forecast. Will message any further entry or indication in the September Australian dollar.
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.