10/01/2014 – Canadian Dollar
Dec. Canadian dollar:
1. In Tuesday’s (Sept. 30) Dec. Canadian dollar update it was noted that a daily close above $89.25 could prompt long entry attempt in the Dec. Canadian dollar for a quick advance to at/near $89.90/$90 into Tues., Sept. 30 (+/-1 day).
2. Tuesday’s session closed at $89.12, below the $89.25 level. However, yesterday’s (Wed., Oct. 1) session closed at $89.41 (above $89.25) which triggered the forecast advance to $89.90/$90 in today’s session (today’s session high $90.16, so far).
3. Self-directed traders who took advantage of the advance exited the majority of their positions at/near the $89.90/$90 profit target. Will message any further entry or indication in the Dec. Canadian dollar.
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.