08/04/2015 – Euro
Issued: 08/03/2015
September euro:
1. Any hourly or especially daily close below $109.36 in the September euro will place the market into a ‘Sell’ position for further decline and test/attempt at $108.90/$80 (or lower) into mid week or slightly beyond.
2. The September euro is currently trading at $109.54, so no new short entries indicated at this time. Will update with initial target, protective stop etc. as the market continues to confirm.
David Williams
Issued: 08/04/2015
September euro:
1. Our Monday, August 3 September euro report indicated that any hourly or especially daily close below $109.36 in the September euro would place the market into a ‘Sell’ position for further decline and test/attempt at $108.90/$80 (or lower) into mid week or slightly beyond.
2. The September euro closed hourly today below $109.36 (hourly close, $109.22) indicating new short entry. The market continued to decline and completed the $108.90 downside target (today’s session low, $108.88, so far). This completes the trade. Will message any further entry or indication in the September 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.