05/03/2016 – Canadian Dollar
Issued: 05/03/2016
June Canadian dollar:
1. Aggressive only can short the June Canadian dollar for continued decline and test/attempt at $78.73 (or lower) into Wednesday, May 4 (+1 day).
2. Any remaining position should be held for the possibility of lower prices to be messaged a subsequent update.
3. A protective buy stop should be placed at $79.59. The stop will be moved lower as the market continues to confirm. Will update.
David Williams
Issued: 05/03/2016
June Canadian dollar:
1. Today’s June Canadian dollar continued lower and completed the forecast $78.73 downside target (today’s session low, $78.73, so far). This successfully completes the forecast/trade. Will message any further entry or indication in the June Canadian 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.