04/19/2016 – Euro
June euro:
1. In Friday’s (April 15) Williams edge live meeting it was noted that the June euro (then trading at approximately $113.18) could be bought for a multi-day advance to $114.08 expected into Monday, April 18 (+1 day).
2. Subsequently, the June euro advanced and today (Tuesday, April 19) has made a session high of $114.01 (so far). This is profit-taking territory if long based upon the above-noted indication. Any remaining position should be held for completion of the $114.08 upside target (or higher).
3. Our original protective stop should be moved up to $113.43. Will message any final exit 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.