11/10/2014 – Canadian Dollar
Issued: 11/10/2014
Dec. Canadian dollar:
1. The Dec. Canadian dollar has recently advanced and is nearing a critical juncture on the upside.
2. From this point forward, any 120 minute (two-hour) or especially daily close below $88.02 prior to Wed., Nov. 12 will prompt aggressive short entry for a quick decline to at/near $87.55, then $87.35.
3. For ordinary (non-aggressive) entry any daily close below $87.92 prior to Wed., Nov. 12 will indicate new short entry for the above noted downside targets.
4. Should neither of the above 2 scenarios play out, an alternate entry may be messaged if the Dec. Canadian dollar confirms. Will update.
David Williams
Issued: 11/10/2014
Dec. Canadian dollar:
1. Today’s earlier Dec. Canadian dollar report indicated that any 120 minute (two-hour) or especially daily close below $88.02 prior to Wed., Nov. 12 will prompt aggressive short entry for a quick decline to at/near $87.55, then $87.35.
2. Today’s Dec. Canadian dollar closed below $88.02 on the 120 minute bar indicating new short entry at $87.90.
3. Partial short position exit should be taken at current prices (current price $87.80.
4. Protective buy stop should be placed at $88.05. This stop will be moved lower as the market continues to confirm.
David Williams
Issued: 11/11/2014
Dec. Canadian dollar:
1. Yesterday’s (Mon., Nov. 10) Dec. Canadian dollar report indicated new short entry at $87.90 for decline and test/attempt at $87.55, then $87.35.
2. Today’s session low was $87.64, against the $87.55 downside target.
3. Our protective buy stop has been lowered to $87.95. This stop will continue to be moved down as the market continues to confirm.
David Williams
Issued: 11/11/2014
Dec. Canadian dollar:
1. Today’s Dec. Canadian dollar made an initial attempt at completing our $87.90 short entry to our $87.55 initial downside target noted in yesterday’s (Mon., Nov. 10) update. Today’s session low was $87.64.
2. Today’s $87.64 session low prompted our protective buy stop being lowered to $87.95, which was later triggered. This resulted in a small 5 pip loss on the position (entering on the 120 confirmation) and an approximate 16 pip loss if entering on the daily confirmation.
3. A daily close today above $87.64 (expected) is the stronger position and may prompt new entry. 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.