11/01/2017 – Japanese Yen
December Japanese yen:
1. In Fridays (10/27) Williams edge live meeting it was noted that a daily close on Friday above $87.90 in the December Japanese yen could be bought for a forecast advance to $88.50/$.60 to be reached on Monday 10/30.
2. Subsequently, the December Japanese yen closed above $87.90 (at $88.15) indicating new long entry. The market continued higher and on Monday 10/30 completed the $88.50/$60 upside target (swing high, $88.71). This successfully completes the forecast/trade. Will message any further entry or indication in the December 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.