03/24/2015 – Australian Dollar
Issued: 03/24/2015
June Australian dollar:
1. Yesterday’s (Mon. Mar. 24) June Australian dollar report indicated that Monday’s daily close below $78.65 indicated a quick decline and test/attempt at $77.75/$.65 (or lower) into Wed., Mar. 25 (+/- 1 day).
2. However, the June Australian dollar broke out above the critical $78.65 level and triggered our protective buy stop at $78.85, resulting in a loss on the entire position. Will message any further entry or indication in the June Australian dollar.
David Williams
Issued: 03/23/2015
June Australian dollar:
1. Today’s daily close below $78.65 in the June Australian dollar places the market into a ‘Sell’ position for a quick decline and test/attempt at $77.75/$.65 (or lower) into Wed., Mar. 25 (+/- 1 day). Any daily close above $78.65 will negate the above indication.
2. Initial short position exit should be taken at/near $78.12, further exit at/near $77.75/$.65 and any remaining short position held for the possibility of lower prices to be messaged in a subsequent update.
3. Once short, a protective buy stop should be placed at $78.85. This stop will be moved lower as the market continues to confirm. Will update.
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.