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Blackwave Australia - Strategy Description & Stats

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  • #46
    VIDEO: http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/

    Up 19% This month. Obviously BREXIT overshadowed everything and the unexpected "Leave" vote caused a massive move leaving us hedged. This is temporary however and given the large hammer candlestick achieved on Friday we could well see higher prices in the coming sessions which suits us and closing out our extra long trades will give us more firepower for the short trades.

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    • #47
      VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

      HIGH RISK: Blackwave Australia

      Up 19% this month. Last week's hammer gave us an indication that AUDUSD wants to go higher and that is what we have seen. Very close now to closing some of the AUDUSD long trades.

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      • #48
        VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

        HIGH RISK: Blackwave Australia

        HAPPY 1ST BIRTHDAY BLACKWAVE AUSTRALIA. Now off the mark of July 3.13% as AUDUSD took out daily resistance and closed a good deal higher in spite of what appeared to be good US jobs data. Net short now but not by much and will continue to add more buys in the coming week. A sharp decline in AUDUSD welcome though not likely.

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        • #49
          VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

          HIGH RISK: Blackwave Australia

          AUDUSD closed off the highs and a measured move lower would not be unexpected. Initial support at 75 and I expect this market to grind higher over the coming months.

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          • #50
            VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

            HIGH RISK: Blackwave Australia

            Decent pullback in AUDUSD was welcome as we are net short and remain so. Initial support at 75 was breached which may suggest lower prices ahead in the short term while I expect higher prices in the medium/long term.

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            • #51
              VIDEO: http://www.fxlight.co/managed-forex-accounts-mt4-copy-trading/
              Disappointing US GDP (1.2% annualized) propelled AUDUSD higher. So much so that we closed out most of our long trades and are now net short as this account trades AUDUSD in both directions at the same time. Any retracing of that move this week and we will begin to build into our long positions again.

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              • #52
                Latest VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

                Trades AUDUSD in both directions at the same time. Cash balance higher, draw down reduced further with now 75% equity is a considerable improvement. This account is now up 9.86% for the month so far. Last week I said "Watching last weeks shooting star candle for a lower low would reduce the draw down further...." and this indeed is what has happened.

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                • #53
                  VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

                  Trades AUDUSD in both directions at the same time. Cash balance higher, draw down reduced further with now 75% equity is a considerable improvement. Finished August up 9.86% and currently up 1.04% in September so far.

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                  • #54
                    VIDEO: http://www.fxlight.co/managed-forex-...-copy-trading/

                    Trades AUDUSD in both directions at the same time. Cash balance higher, draw down reduced further with now 75% equity is a considerable improvement. Up 2.8% so far in September and the major theme is the more aggressive sounding Fed. Either way the volatility is good for us but satisfying to see the reduced position sizes are causing the equity and cash line to begin moving higher together.

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