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Blackwave Australia - Strategy Description & Stats

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  • #16
    Gary,

    Hope your well?

    You mentioned on The Pacific feed your changing AUDUSD bias from short to long, will you be placing larger positions on the long side in the Aus account, or keep it as is.


    Sent from my iPhone using Tapatalk

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    • #17
      Good Question Gunther. Regarding Blackwave Australia it is likely but I will need to make the judgement when the current BUY basket closes.




      Gary Comey
      Blackwave
      www.fxlight.co

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      • #18
        VIDEO: VIDEO: Managed Account Performance Update Click http://www.fxlight.co/we-choose-to-g...rmance-update/moving rain.jpg. Almost 15% up for the month so far.

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        • #19
          VIDEO: Managed Forex Account Performance Update:http://www.fxlight.co/we-choose-to-g...rmance-update/

          The rally in commodities was used to close out our long AUDUSD trades in both Blackwave Australia and Blackwave Pacific. We then played footsie with the former support line turned resistance (not a technical term :-)) before finally declining sharply on Friday. moving rain.jpg

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          • #20
            VIDEO: http://www.fxlight.co/we-choose-to-g...rmance-update/

            Blackwave Australia has had a good month being up 14% so far and we are only halfway through the month. We almost closed out the long basket last week but alas the market declined a little towards the end. Any further rallies next week will likely see us close out the long basket which is trading with a slightly higher position size versus the short AUDUSD trades.

            video-logo.jpg

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            • #21
              Hi Gary, what would be the strategy if the maximum 15 trades in any one direction is reached & price continues to move away from the closing direction? During extended aud falls such as may 2013 from 1.03, sept 2014 from 0.93, june 2015 from 0.77 which I have taken from weekly chart, are all outside the history of your Myfxbook account, this is probably worst case scenario I suppose which could possibly occur.

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              • #22
                Hey good question. So yes that is possible. Upon a large draw down I will manually hedge a percentage of the losing position. That hedge will have it's own TP and SL.






                Gary Comey
                Blackwave
                www.fxlight.co

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                • #23
                  Good answer, thanks for a prompt reply Gary.

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                  • #24
                    No worries




                    Gary Comey
                    Blackwave
                    www.fxlight.co

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                    • #25
                      VIDEO: Good good. Tight DD currently under 7% is okay for an account up nearly 300%. This account does not go looking for trouble like Blackwave Monaco.

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                      • #26
                        VIDEO: Click HERE. It's an ecosystem. Watching USDCAD, USDJPY and the US Dollar Index to get an idea of possible scenarios for our AUDUSD baskets.

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                        • #27
                          VIDEO: Managed Forex Account Performance Update Click HERE

                          Decent week with a 6% return on Friday alone.

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                          • #28
                            VIDEO: Lots of stretched currency pairs. USDCAD, AUDUSD and indeed the US Dollar Index itself in which they are both constituents. That said there is physically less AUD news this week and with the shorter week some traders may wish to take off their longs. To see the video click HERE.

                            video-logo.jpg

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                            • #29
                              VIDEO: AUDUSD Rally iS Welcome......that is....until we can get short. Click HERE

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                              • #30
                                VIDEO: Managed Forex Account Performance Update Click HERE Still long bias on AUDUSD but the FED WILL raise rates this summer so lots to think about.

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