03/22/2016 – Euro
June euro:
1. Since Friday, March 18 we have noted that any daily close below $113.60 in the June euro could be sold short for a tradable decline to $112.20 expected to be reached on Tuesday, March 22.
2. Subsequently Friday’s session closed at $112.98, indicating new short entry. Today, Tuesday, March 22 the June euro completed the $112.20 downside profit target (today’s session low, $112.16, so far). This successfully completes the forecast/trade. Will message any further entry or indication in the June euro.
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.