08/14/2014 – Canadian Dollar

Issued: 08/17/2014

Issued: 08/15/2014

September Canadian dollar:

1. Our previous (Sunday, Aug. 6-10) September Canadian dollar updates indicated new long entry at $91.71 for a multi-day advance to $91.80 then $92.20/$22 expected into this week (week of Aug. 11).

2. The above buy order was canceled in our subsequent (Sunday, Aug. 10) update. However, we are aware of several clients who are long the Canadian dollar based upon the original update (long from at/near $91.71).

3. Self-directed traders likely exited a portion of their long position at the original $91.80 upside target. A further portion should be exited at current prices (current price, $91.95).

4. Because the market is running late for the original final upside target at $92.20/$22, a protective sell stop should be placed at $91.72 and moved higher as the market continues to confirm. Final exit should be at/near $92.20.

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.