Issued: 03/23/2015
June euro:
1. Since Fri., Mar. 20 in our Williams edge meetings it was noted that any hourly or especially daily close in the June euro above either $108.70 (aggressive entry) or $109.30 (ordinary entry) would place the June euro into a ‘Buy’ position for continued advance and test/attempt at $110.40/$.50 on the upside expected this week (week of Mar. 23). Today’s session closed hourly and daily above both $108.70 and $109.57.
2. If long based upon the above indications, a small portion of your position should be exited at current prices (current price, $109.69). A further long position exit should be taken at/near $110.05. Any remaining long position should be exited at/near $110.40/$50.
3. A protective sell stop should be placed at $108.65. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 03/24/2015
June euro:
1. Since Fri., Mar. 20 we noted that any hourly or especially daily close in the June euro above $108.70 (aggressive) or $109.30 (ordinary) would place the June euro into a ‘Buy’ position for advance and test/attempt at $110.40/$.50 expected week of Mar. 23. Yesterday’s (Mon., Mar. 23) session closed hourly and daily above both $108.70 and $109.57, triggering new long entry.
2. Initial long position was exited at $109.69. A further long position exit was indicated at/near $110.05. Any remaining long position was instructed to be exited at/near $110.40/$50.
3. Today’s (Tues., Mar. 24) June euro completed all the above upside profit targets, making a session high of $110.41, against the $110.40/$.50 final target. This completes the trade. Will message any further entry or indication in the June euro.
David Williams