05/27/2014 – Euro
Issued: 05/21/2014
June euro:
1. Our previous Tuesday, May 20 update indicated that continued hourly and especially daily closes above $136.80 in the June euro would indicate new long entry for a tradable multi-day advance and test at/near $137.43 (or higher) into Thursday, May 22 (+/-1 day).
2. Today’s June euro session, while spiking to new recent lows at $136.32 closed the day at $136.85, slightly above the $136.80 buying territory noted in the original update.
3. Therefore, the original indication for advance and test/attempt at $137.43 (or higher) into Thursday, May 22 (+/-1 day) remains valid, for now. Will update.
David Williams
Issued: 05/27/2014
June euro:
1. Our Wed. May 21 June euro update noted that daily closes above $136.80 would indicate potential new long entry for higher price targets.
2. Although the May 21 session closed slightly above $136.80, the following session (Thursday, May 22) closed below the critical $136.80 level. Therefore, we remain flat in the June euro, for now. 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.