02/11/2015 – Canadian Dollar
March Canadian dollar:
1. In yesterday’s (Wed., Feb. 11) Williams live meeting it was noted that any hourly (and especially a daily) close in the March Canadian dollar above $78.75 would indicate new long entry for a quick advance to $79.53 (or higher) into Friday, Feb. 13 (+/- 1 day).
2. Yesterday’s hourly and daily closes were above the $78.75 level, indicating new long entry (Thurs. daily close, $79.12). Today’s (Thurs., Feb. 12) March Canadian dollar session advanced quickly and completed the $79.53 upside target (today’s session high, $79.80). This completes the trade. Will message any further entry or indication in the March Canadian 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.