JPY BUY SQUARE /28/ Points

Transcription

1 ( Daily Currency Trading Recommendations --CME/Globex FUTURES--MAR Contract 3/3/ Published at 3:-4: pm New York time for the upcoming overnight Globex session and following day until the 3 pm ET CME settlement. SWING CURRENT MAR PROFIT ENTRY ENTRY NEW CURRENCY DIRECTION POSITION CLOSE STOP TARGET PRICE DATE MTM ENTRY STOP TARGET UK SELL SQUARE /3/ Points EURO SELL LONG /28/ Points AUD SELL SQUARE /28/ Points -28 JPY BUY SQUARE /28/ Points SF BUY LONG /28/14-3 NPR Points N/A N/A CAD BUY LONG /28/14-4 NPR Points N/A N/A Enter new trades as soon as possible after receiving this report. Red in "Direction" cell means change in signal from the day before. Bold, italic in "New Entry" cell means entry is different from close. See "How to Read the Reports" at the website. To understand contingency "footnote rule" trades, go to Current footnote rule specifications are at the end of the Track Record section below. "NPR" means no position recommended (except in the case of a footnote rule being activated). PLEASE ADVISE OF P&L TR ACKING ERRORS ASAP. Note that charts do not appear properly in Mozilla Firefox. Use Internet Explorer. Data from esignal. Charts prepared using Metastock. WE HIT THE STOP IN THE POUND AT FOR A LOSS OF POINTS. WE WENT LONG AT ON RULE 3 AND HIT THE STOP AGAIN--TWICE WHEREUPON WE STOPPED USING RULE 3. WE HIT THE STOP IN THE EURO AT FOR A LOSS OF 28 POINTS. WE WENT LONG AT AND HIT THE STOP AT FOR A LOSS OF 28 POINTS. WE WENT SHORT THE AUD AT THE GLOBEX OPEN 89, MORE THAN POINTS FROM CME CLOSE AT 89 SO PROPORTIONALITY APPLIES. WE HIT THE STOP AT 8929 FOR A LOSS OF 29 POINTS. WE WENT SHORT ON RULE 3 AT 89 AND HIT THE STOP A SECOND TIME. WE WENT LONG THE YEN AT THE GLOBEX OPEN 98, POINTS FROM CME CLOSE AT 98 SO PROPORTIONALITY APPLIES. WE HIT THE TARGET AT 987 FOR A GAIN OF POINTS. RULE 2 AT 99. WE HIT THE STOP IN THE SF AT 112 FOR A LOSS OF POINTS. WE WENT LONG AT WE WENT LONG THE CAD AT THE GLOBEX OPEN 923 AND HIT THE STOP AT 9 FOR A LOSS OF 18 POINTS. WE WENT LONG AT 923 AND HIT THE STOP AT 9 FOR A LOSS OF 18 POINTS. WE WENT LONG AT 923 ON RULE 3.

2 Daily Cumulative Track Record FUTURES MARCH Bold is entry position. Any yellow blocks denote corrections made after first publication. THESE RESULTS ARE HYPOTHETICAL. WE DID NOT EXECUTE THESE TRADES. Performance based on one CME futures contract per currency. Percentage gain based on $, starting stake without compounding. 7 Track Record 7, Track Record 7,6.7 9 Track Record 79,993. Track Record 96, Track Record 89,146. -Year Average 6, % 12 Track Record 16, % 13 Track Record 7, % 7-Year Average 86, % Track Record January $4,96 $ (21.) Entry Date Currency Buy Sell Exit Date Points P/L Cumulative 2/28/14 Pound /3/ /28/14 Euro /3/ /28/14 SF /3/ /3/14 Pound /3/ /3/14 Pound /3/ /3/14 A$ /3/ /3/14 Yen /3/ /3/14 C$ /3/ /3/14 Euro /3/ ,76. 3/3/14 A$ /3/ ,366. 3/3/14 C$ /3/ ,46. 1,46. OPEN POSITIONS 3/3/14 SF /3/14 C$ 923 Revised Contingency "Footnote" Rules: Proportionality: If price has moved from CME close to Globex open by POINTS or more resulting in

3 Proportionality: If price has moved from CME close to Globex open by POINTS or more, resulting in stop or target being a stupid number, apply the number of points from the original stop and target to the new entry level. Rule 1. Disabled. Rule 2: Runaway Move: If the move continues in same direction by points after taking profit or form the last close, re-enter in same direction with a stop points and target 6 points away from entry. Rule 3: Recovery Rule: Re-enter at same level as original if price returns to it after a stop, using the same stop OPEN and POSITIONS target as originally instructed. But we need to adjust the stop or target if the old stop or target is a stupid 6/26/13 number, Euroeither delivering the opposite outcome (e.g. loss on a target) or a small number of points 6/26/13 or less. C$ Therefore, if the difference 97 between entry and stop or target is negative or points or less, 6/29/13 adjust the Yen stop to 38 points from 222 entry and target to 44 points from entry. Rule 4: Reversal rule: If the price moves 8 points in the opposite direction after a stop or target, or from the close if re-entry is NPR, reverse direction with stop at 44 points and target at 48 points. The number of points to use in the Reversal Rule changes from time to time as ATR changes. It will always be noted in the Page1 commentary box. CFTC REQUIRED RISK DISCLOSURE STATEMENT: NOTICE: "HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

4 Monday, 3, Australian Dollar MAR Contract Momentum ( ) (.89,.8939,.888,.89, +), Starc Band Top (.89914), Starc Band Bottom (.88986), Kaufman Modified MA (.89349), Ichimoku Kinko Hyo (.89,.899,.8848,.89, Chande Momentum Oscillator ( ) AUD MARCH (.89,.8939,.888,.89, +), Parabolic SAR (.9823) % % Lower low but higher close. Huh? Stochastic Oscillator (28.146).86 % retracement B band bottom tomorrow B band 7 contracting 6 6.% Average True Range (827) AUD MARCH (.89,.8939,.888,.89, +), Linear Regression Indicator (.893), Linear Regression Indicator (.8996) MACD (49)

5 Monday, 3, British Pound MAR Contract Momentum Starc Ba, Starc Ba, Kaufman, Ichimoku Chande Momentum Oscillator (23.983) Lower low and close, small break of red support. 1.6 Linreg tomorrow 166 -day 1672 BRIT POUND MAR 14 (1.6736, 1.67, 1.66, 1.668, -99), Parabolic SAR ( ) Stochastic Oscillator (66.974) BRIT POUND MAR 14 (1.6736, 1.67, 1.66, 1.668, -99), Linear Regression Indicator ( ), Linear Regression Indicator ( ) Average True Range (63) MACD (643)

6 Monday, 3, Canadian Dollar MAR Contract 2 6 Momentum Starc Ba, Starc Ba, Kaufman, Ichimoku Stochastic Oscillator (8.282) CANADIAN DOLLAR MARCH 14 (.92,.96,.8998,.919, -), Linear Regression Indicator ( ), Linear Regression Indicator (.9148) Higher high but lower close on neardoji. High is nice but still iffy % Red resistance %.% Channel top 94 CANADIAN DOLLAR MARCH 14 (.92,.96,.8998,.919, -), Parabolic SAR (.98774) Chande Momentum Oscillator (7.7) Average True Range (661) MACD (-28881)

7 Monday, 3, Euro MAR Contract 2 6 Momentum Starc Ba, Starc Ba, Kaufman, Ichimoku Stochastic Oscillator ( ) EURO MAR 14 (1.3786, 1.379, 1.37, 1.373, -89), Linear Regression Indicator ( ), Linear Regression Indicator (1.3762) 1.3 Lower close on inside day Chande Momentum Oscillator (32.71) O MAR 14 (1.3786,.% 1.379, 1.37, 1.373, -89), Parabolic SAR (1.36 Red support 1369.%.% 2 6 Linreg tomorrow Average True Range (8613) MACD (39)

8 Monday, 3, Japanese Yen MAR Contract Momentum (1.143) YEN MAR 14 (9,84, 9,882., 9,84, 9,89., +34.), Starc Band Top (9,886.7), Starc Band Bottom (9,76.26), Kaufman Modified MA (9,81.16), Ichimoku Kinko Hyo (9,89., 9,83., 9,791., 9,89., 9,67.7, 9,8) Chande Momentum Oscillator (12.37) JAP YEN MAR 14 (9,84, 9,882., 9,84, 9,89., +34.), Parabolic SAR (9,727.46) % Stochastic Oscillator (77.68) JAP YEN MAR 14 (9,84, 9,882., 9,84, 9,89., +34.), Linear Regression Indicator (9,811.63), Linear Regression Indicator (9,847.) 97.% 96 Higher high and close on 96 opening 9 gap but long upper 9 shadow, too. Getting overdone. Needs to break out of 94.% cloud B band top tomorrow 9896 Average True Range (7.8426) MACD (23.43)

9 Monday, 3, Swiss Franc MAR Contract Momentum (1.9264) E MAR 14 (1.138, 1.139, , 1.132, -67), Starc Band Top ( ), Starc Band Bottom (1.1222), Kaufman Modified MA (1.1278), Ichimoku Kinko Hyo (1.132, , 1.16, 1.132, 1.11, Chande Momentum Oscillator (37.83) SWISSIE MAR 14 (1.138, 1.139, , 1.132, -67), Parabolic SAR (1.121) % % Lower close on inside day normal for conditions % Channel 1.9 top tomorrow Stochastic Oscillator (7.4) SWISSIE MAR 14 (1.138, 1.139, , 1.132, -67), Linear Regression Indicator ( ), Linear Regression Indicator ( ) Average True Range (832) MACD (9)