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Blackwave Australia - Strategy Description & Stats

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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    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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  • Blackwave
    replied
    Originally posted by Ana. View Post
    Why is this named on Myfxbook ''HIGH RISK Blackwave Australia $1m'' when it has less than $2,000 in it? If I may say so, this is an issue with your signals, the low amounts of own money you trade on them.

    I admit the funds are spread across three accounts with varying risk profiles however with relatively low capital I am trying to provide a genuine choice. Low. Medium, High Risk. Irrespective of starting balance, pips are pips and percentages are percentages. I get your meaning though.

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  • Ana.
    replied
    Why is this named on Myfxbook ''HIGH RISK Blackwave Australia $1m'' when it has less than $2,000 in it? If I may say so, this is an issue with your signals, the low amounts of own money you trade on them.

    Leave a comment:


  • Blackwave
    replied
    [COLOR=#000000 !important][/COLOR]
    [COLOR=#000000 !important]VIDEO: Click HERE.

    AUDUSD 75 still remains resistance. We are net short though not by much so largely hedged. Blackwave Australia stands to benefit from volatility around the vote. We will not be halting trading around the vote as the strategy is to trade AUDUSD in both directions at the same time and abandoning one direction would make no sense.
    [/COLOR]

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  • Blackwave
    replied
    HIGH RISK: Blackwave Australia

    VIDEO: CLICK BELOW

    [COLOR=#000000 !important]Now over 13% higher for the month with a very controlled draw down using the new positions sizes. Resistance at 75 but have we carved a higher low?[/COLOR]

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  • Blackwave
    replied
    [COLOR=#000000 !important]HIGH RISK: Blackwave Australia[/COLOR]
    [COLOR=#000000 !important]Account balance beginning to move higher again. AUDUSD daily candles remain indecisive with a series of doji's, inside and outside candles. Looking for a rally from these oversold positions as we are long in double the size to our short positions.[/COLOR]

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  • Blackwave
    replied
    [COLOR=#000000 !important]HIGH RISK: Blackwave Australia[/COLOR]
    [COLOR=#000000 !important]VIDEO: Click Below. Closed some more losers last week and then proceeded to employ the strategy in order to pay for those losers. Almost completely paid for them but will be continuing to work on this in the week to come. It's tidier this way. Still long 0.04 lots and short 0.02 lots and taking note of Thursday's hammer candle andFriday's higher high and higher low. Let's see if we can build a base down here for a move higher in the medium term.[/COLOR]

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