10/22/2015 – Euro
- October 22, 2015
- Euro
Issued: 10/20/2015
December euro:
1. Continued hourly and especially a daily close below $113.95 in the December euro will indicate a further test of $113.20/$15 (or lower) into Wednesday, October 21 (+1 day).
2. Once short, a protective buy stop should be placed above $114.00 initially and lowered as the market continues to confirm. Will update.
David Williams
Issued: 10/22/2015
December euro:
1. Our Tuesday, October 20 December euro update noted that continued hourly and especially a daily close below $113.95 in the December euro would indicate a tradable decline to $113.20/$15 (or lower) into Wednesday, October 21 (+1 day).
2. Today, (Thursday, October 22) the December euro declined sharply, completing the initial $113.20/$15 downside target and substantially lower prices (today’s session low, $111.86, so far).
3. Those with remaining short positions should exit a further portion at current prices (current price, $111.98). Will message any final short position exit as the market continues to confirm.
4. Our protective buy stop should be lowered to $$112.81. Will update.
David Williams
Issued: 10/22/2015
December euro:
1. Our Tuesday, October 20 December euro update noted that continued hourly and especially a daily close below $113.95 in the December euro would indicate a tradable decline to $113.20/$15 (or lower) into Wednesday, October 21 (+1 day).
2. Our final short position exit should be taken at current prices (current price, $111.46). This completes the forecast/trade. Will message any further entry or indication in the December 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.