02/05/2015 – Australian Dollar
- February 5, 2015
- Australian Dollar
Issued: 02/05/2015
March Australian dollar:
1. A daily close today (Thurs., Feb. 5) above $77.50 (worst-case, $77.35) will place the March Canadian dollar into a ‘Buy’ position for a further advance and test/attempt at $78.36, then $78.58 into early next week (week of Feb. 9).
2. Aggressive can go long at the market (current price, $77.77) with an initial stop at $77.22. The stop will be moved higher as the market continues to confirm.
3. Initial long position exit should be taken at/near $78.00, further exit at/near $78.36 and final exit at/near $78.58.
4. Will update as the market continues to confirm.
David Williams
Issued: 02/05/2015
March Australian dollar, Correction:
1. A daily close today (Thurs., Feb. 5) above $77.50 (worst-case, $77.35) will place the March Australian dollar into a ‘Buy’ position for a further advance and test/attempt at $78.36, then $78.58 into early next week (week of Feb. 9).
2. Aggressive can go long at the market (current price, $77.77) with an initial stop at $77.22. The stop will be moved higher as the market continues to confirm.
3. Initial long position exit should be taken at/near $78.00, further exit at/near $78.36 and final exit at/near $78.58.
4. Will update as the market continues to confirm.
David Williams
Issued: 02/05/2015
March Australian dollar:
1. Today’s earlier March Australian dollar update indicated that a daily close today (Thurs., Feb. 5) above $77.50 (worst-case, $77.35) would place the March Australian dollar into a ‘Buy’ position for a further advance and test/attempt at $78.36, then $78.58 into early next week (week of Feb. 9).
2. Aggressive were instructed to go long at the market (then current price, $77.77).
3. Today’s March Australian dollar advanced and completed the $78.00 initial upside target (today’s session high, $78.06). Will update as the market continues to confirm.
David Williams
Issued: 02/06/2015
March Australian dollar:
1. Today’s March Australian dollar completed the forecast advance from $77.77 to $78.58 published on Thurs., Feb. 5. Today’s (Fri., Feb. 6) session high was $78.59.
This completes the trade. Will message any further entry or indication in the March 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.