09/09/2015 – Euro
Issued: 09/09/2015
December euro:
1. Our previous report indicated that recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicated a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day).
2. Initial long position exit was indicated at/near $112.30 which was reached Tuesday, September 8.
3. The remaining long position should be held for the final target at/near $112.70/$.85. Aggressive can hold for the possibility of higher prices (beyond $112.70/$.85) to be messaged in a subsequent update. A daily close above $112.85 is a much stronger position, if occurs.
4. Our protective sell stop should now be moved to $111.60. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 09/10/2015
December euro:
1. Our previous report indicated that recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicated a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day).
2. Initial long position exit was indicated at/near $112.30 which was reached Tuesday, September 8.
3. Today, Thursday, September 10 the December euro attempted completion of the $112.70/$.85 upside target (today’s session high $112.62, so far). This likely completes the trade. Will message any further entry or indication in the December euro.
David Williams
Issued: 09/07/2015
December euro:
1. The recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicate a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day). Any hourly or daily close below either $111.40 (and worst-case, $110.98) will negate the above indication.
2. Initial long position exit should be taken at/near $112.30, and the remaining position held for at/near $112.70/$.85.
3. Once long, and initial protective sell stop should be placed at $110.90. This stop will be moved higher as the market continues to confirm. Will update.
David Williams
Issued: 09/08/2015
December euro:
1. Our previous report indicated that recent daily closes above $111.40 (and worst-case, $110.98) in the December euro indicated a quick tradable advance to at/near $1112.70/$.85 into Wednesday, September 9 (+/-1 day).
2. Initial long position exit was indicated at/near $112.30 which was reached today, Tuesday, September 8 (session high, $112.31, so far). The remaining position should be held for at/near $112.70/$.85. Any change in this outlook will be messaged in a subsequent update.
3. Our protective sell stop should now be moved to $111.40. This stop will be moved higher as the market continues to confirm. Will update.
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.