02/02/2016 – British Pound
Issued: 02/02/2016
March British pound:
1. Aggressive only: Any 2 hour or especially daily close above $144.35 in the March British pound will indicate further advance and test/attempt at $144.85 (or higher) initial upside target into Thursday, February 4 (+/-1 day).
2. Once long, a protective sell stop should be placed at $143.88. This stop will be moved higher as the market continues to confirm.
3. Aggressive only: Further, any touch and 2 hour close above $143.60 will indicate new long entry for the above noted advance.
4. Once long, a protective sell stop should be placed at $143.18. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 02/03/2016
March British pound:
1. Yesterday’s (Tuesday, February 2) March British pound report noted that any 2 hour or especially daily close above $144.35 in the March British pound will indicate further advance and test/attempt at $144.85 (or higher) initial upside target into Thursday, February 4 (+/-1 day).
2. Today’s (Wednesday, February 3) March British pound advance powerfully and broke out above the $144.35 level and completed the $144.85 upside profit target.
3. Further long position exits should be taken at current prices (current price $145.35).
4. Our protective stop has been moved up to $144.68. This stop will continue to be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 02/03/2016
March British pound:
1. Yesterday’s (Tuesday, February 2) March British pound report noted that any 2 hour or especially daily close above $144.35 in the March British pound will indicate further advance and test/attempt at $144.85 (or higher) initial upside target into Thursday, February 4 (+/-1 day).
2. Today’s (Wednesday, February 3) March British pound advance powerfully and broke out above the $144.35 level and completed the $144.85 upside profit target.
3. Further long position exits were taken at current prices (current price $145.35).
4. Final long position exits should be taken at current prices (current price $145.63). This successfully completes the trade. Will message any further entry or indication in the March British pound.
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.