Issued: 12/08/2015
December British pound:
1. In Friday’s (December 4) Williams edge live meeting it was noted that any hourly close below $150.60 would prompt new short entry in the December British pound for further sharp decline and a test/attempt at $149.50 (and then $149.20). The market subsequently closed hourly below $150.60, prompting new short entry.
2. Today’s (Tuesday, December 8) December British pound declined lower (today’s session low, $149.56, so far). If no initial short position exit has been taken as yet, partial short position exit should be taken at current prices (current price, $150.00). Further short position exit should be taken at/near $149.60, then $149.20.
3. A protective stop should be placed at $150.65. This stop will be lowered as the market continues to confirm. Will update
David Williams
Issued: 12/09/2015
December British pound:
1. In Friday’s (December 4) Williams edge live meeting it was noted that any hourly close below $150.60 would prompt new short entry in the December British pound for further sharp decline and a test/attempt at $149.50 (and then $149.20). The market subsequently closed hourly below $150.60, prompting new short entry.
2. Tuesday’s, December 8 December British pound declined lower and initial short position exit was indicated at $150.00 (occurred). Further short position exit was forecast for at/near $149.60, then $149.20.
3. The December British pound declined to a low of $149.56 before reversing and hitting our protective stop at $150.65. This resulted in a successful trade. Will message any further entry or indication in the December British pound.
David Williams