03/24/2015 – Australian Dollar
June Australian dollar, correction:
1. Yesterday’s (Mon., Mar. 23) daily close below $78.65 in the June Australian dollar prompted our ‘Sell’ indication for a quick decline and test/attempt at $77.75/$.65 (or lower) into Wed., Mar. 25 (+/- 1 day).
2. Initial short position exit was taken at/near $78.12.
3. However, our remaining short position was stopped out at $78.85, resulting in a small loss on the entire position. Will message any further entry or indication in the June 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.