11/19/2015 – Australian Dollar
Issued: 11/19/2015
December Australian dollar (Special note: Previously sent under incorrect heading of Canadian dollar)
1. In yesterday’s (Wednesday, November 18) December Australian dollar report it was noted that any hourly or especially daily closes above $71.46 in the December Australian dollar would indicate a quick multi-day advance and test/attempt at $72.00 (or higher). Subsequently, today’s (Thursday, November 19) hourly closes were above $71.46 indicating new long entry.
2. Initial long position exit was indicated at/near $71.65 (occurred today) and further exit at/near $72.00.
3. Once long, and initial protective sell stop should be placed at $71.37. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 11/19/2015
December Australian dollar:
1. In yesterday’s (Wednesday, November 18) December Australian dollar report it was noted that any hourly or especially daily closes above $71.46 in the December Australian dollar would indicate a quick multi-day advance and test/attempt at $72.00 (or higher). Subsequently, today’s (Thursday, November 19) hourly closes were above $71.46, indicating new long entry.
2. Initial long position exit was indicated at/near $71.65 (occurred today) and further exit was taken today at/near $72.00 (today’s session high, $71.98, so far). Any remaining position should be held for the possibility of higher prices to be messaged in a subsequent update.
3. Our protective sell stop should be moved to $71.58. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 11/19/2015
December Australian dollar:
1. In yesterday’s (Wednesday, November 18) December Australian dollar report it was noted that any hourly or especially daily closes above $71.46 in the December Australian dollar would indicate a quick multi-day advance and test/attempt at $72.00 (or higher).
2. Initial long position exit was indicated at/near $71.65 (occurred today) and further exit was taken today at/near $72.00 (today’s session high, $72.06).
3. Any final long position should be exited at current prices if not exited already (current price, $71.80). This successfully completes the trade. Will message any further entry or indication in the December 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.