04/06/2016 – US Dollar
June US dollar index:
1. In yesterday’s (Tuesday, April 5) Williams edge live meeting it was noted that any 2 hour close above $94.80 in the June US dollar should be bought for a test/attempt at $94.30 or higher.
2. Subsequently a 2 hour close occurred at $94.86 indicating new long entry. The market advanced to a high of $95.07 (approximately 20 pips in our favor) and reversed sharply from that level.
3. We are assuming no initial profit exit and an approx. $94.80 protective stop, as we are slow to move our stops to breakeven in the currencies. This resulted in a small loss (approximate 6 pips) on the entire position. Will message any further entry or indication in the June US 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.