07/02/2014 – US Dollar
Issued: 07/01/2014
September US dollar index:
1. Continued daily closes above $79.80 in the September US dollar index is the earliest indication for a multi-day tradable advance and test/attempt at $800.06 (or higher) into early next week (week of July 7).
2. Will message any new entry in tomorrow’s session if the market continues to confirm. Will update.
David Williams
Issued: 07/02/2014
September US dollar:
1. Today’s (Wed., July 2) September US dollar index attempted a retest of the critical $79.80 potential buying territory noted in yesterday’s update (today’s session low, $79.83, so far).
2. Self-directed traders who are long (based upon yesterday’s general forecast) should exit partial positions at current prices (current price $79.99). Further exit should be taken at/near the $80.06 upside target noted in yesterday’s update. Will message any final upside target in a subsequent update.
3. A protective sell stop at $79.90 is suggested. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 07/03/2014
September US dollar index:
1. Today’s September US dollar index completed the forecast $80.06 upside target (noted in our Tuesday, July 1 update) which prompted self-directed traders their second long position exit.
2. Today’s US dollar index continued to advance powerfully beyond the $80.06 initial target. Final long position exit should be taken at current prices (current price $80.34). This completes the trade.
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.