10/14/2015 – Euro

  • Euro

Issued: 10/14/2015

December euro:

1. Yesterday’s (Tuesday, October 13) December euro report noted that any hourly or especially daily close above $114.33 in the December euro would indicate new long entry for continued advance and test/attempt at $114.56, then $114.90 (or higher) into later this week (week of October 12).

2. Today’s (Wednesday, October 14) December euro advanced beyond the $114.33 level and completed the $114.56 initial upside target (today’s session high, $114.64, so far). Higher prices remain indicated, including a test/attempt at $114.90 (or higher).

3. A protective sell stop should be placed at $114.28. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 10/14/2015

December euro:

1. Yesterday’s (Tuesday, October 13) December euro report noted that any hourly or especially daily close above $114.33 in the December euro would indicate new long entry for continued advance and test/attempt at $114.56, then $114.90 (or higher) into later this week (week of October 12).

2. Today’s (Wednesday, October 14) December euro advanced beyond the $114.33 level and completed the $114.56 initial upside target (today’s session high, $114.64, so far). Higher prices remain indicated, including a test/attempt at $114.90 (or higher).

3. However our protective sell stop was hit today (Wednesday, October 14) at $114.28, resulting in a small gain on the entire position.

4. Aggressive (only) can consider reentering the December euro at/near current prices (current price, $114.40) for continued advance and completion at/near $114.90 noted in the original forecast.

5. A protective sell stop should be placed at $114.13. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 10/14/2015

December euro:

1. Yesterday’s (Tuesday, October 13) December euro report noted that any hourly or especially daily close above $114.33 in the December euro would indicate new long entry for continued advance and test/attempt at $114.56, then $114.90 (or higher) into later this week (week of October 12).

2. The December euro triggered our new long entry today based on the above. Aggressive were instructed to add new long positions today (Wednesday, October 14) at $14.40 for continued advance and completion at/near $114.90 noted in the original forecast.

3. Today’s session completed the majority of the forecast advance to $114.90 (today’s session high $114.88, so far). This effectively completes the trade. Will message any further entry or indication in the December euro.

David Williams

Issued: 10/13/2015

December euro:

1. Any hourly or especially daily close above $114.33 in the December euro will indicate new long entry for continued advance and test/attempt at $114.56, then $114.90 (or higher) into later this week (week of October 12). No new long entry as indicated until the above indication occurs. 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.