08/25/2014 – Canadian Dollar
Issued: 08/25/2014
September Canadian dollar:
1. Our original (Thursday, Aug. 21) long entry in the September Canadian dollar between $91.12/$05 took initial long position exit at/near $91.27.
2. However, today’s (Mon., Aug. 25) September Canadian dollar declined further and triggered our $91.08 protective sell stop. This completes the trade.
3. Today’s sharp decline places the September Canadian dollar in a weaker position with upcoming recent lows likely. Will update.
David Williams
Issued: 08/21/2014
September Canadian dollar:
1. The next important daily market bottom in the September Canadian dollar is today, Thursday, Aug. 21 (+ 1 day). A tradable multi-day advance and test/attempt at $91.62/$63 (or higher) is expected off this bottom
2. A daily close today above $91.10 further confirms the bottom.
3. Therefore, $91.12/$05 is now buying territory/new long position if those levels are later touched and closed above on the hourly or daily.
4. Once long, an initial protective sell stop should be placed at $90.94. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 08/22/2014
September Canadian dollar:
1. Today’s September Canadian dollar declined into the $91.12/$05 buying territory noted in yesterday’s (Thursday April 21) report. Today’s session low has been $91.00, so far.
2. Initial long position exit should be taken at current prices (current price $91.27). The remainder should be held for higher targets to be messaged in a subsequent update.
3. Our protective sell stop has been raised to $90.97. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 08/22/2014
September Canadian dollar:
1. Our protective sell stop in the September Canadian dollar has been raised to $91.08. This stop will continue to be moved higher as the market confirms.
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.