05/19/2015 – Euro
- May 19, 2015
- Euro
Issued: 05/19/2015
June euro:
1. The June euro continues to decline below levels noted in yesterday’s (Mon., May 18) Williams edge live meeting (forecast $112.95/$90). This places the June euro into a ‘Sell’ position for further decline and test/attempt at $110.80/$75 into Thurs., May 20 (+/-1 day).
2. Partial short position exits should be taken at/near $111.07, and the remainder exited at/near $110.80/$75.
3. Once short, a protective buy stop should be placed at $112.27. This stop will quickly be moved lower as the market continues to confirm.
David Williams
Issued: 05/20/2015
June euro:
1. In yesterday’s (Tues., May 19) report it was noted that the June euro was in a ‘Sell’ position at approximately $111.50 for further decline and test/attempt at $110.80/$75 into Thurs., May 20 (+/-1 day).
2. Today’s (Wednesday, May 20) June euro session declined and completed both the initial $111.07 and final $110.80/$.75 profit targets, completing the forecast and resulting in a successful trade. Will message any further entry or indication 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.