Blackwave California. Strategy Description. FIFO Compliant Max DD 25%

[Blackwave]

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California sprang out of the very successful Pacific account which is a managed forex account in it's own right. Blackwave California is a lower risk Managed Forex Account and usefully is FIFO compliant with NO hedging and therefore perfect for all clients INCLUDING U.S CLIENTS.

Below $20K it is a copy account and above $20K it is a managed forex account but it trades the same either way. U.S clients can copy just as easily as anyone below $20K, however to have a managed forex account they should go to the website to see if they qualify for an IC Markets account.

Alternatively U.S clients can open an account with Tallinex who are one of the few brokers still out there who will allow US clients to easily get a PAMM account. As per my CODE OF ETHICS it should be noted however that Tallinex are regulated in St Vincent and the Grenadines, a place more noted for beautiful beaches and not noted for financial services.

The testing here was good and prolonged. California trades USDJPY in only one direction at any one time on a smart grid system.

Strategy

Trades USDJPY
Max DD 25%.

[Blackwave]

VIDEO: Managed Forex Account Performance Update Click HERE.

The newest and most conservative copy trading/managed forex account is now live. Aiming for low DD's and good returns for large sums of money above 50% P.A FIFO compliant. No Hedging. Max DD 25%. I will be looking for opportunities to buy USDJPY.

[Blackwave]

VIDEO: Click HERE.

No new BOJ QE measures caused the largest decline in USDJPY since 2008 has only caused a 5% draw down so this account is performing as expected into it's low risk profile. Building into that long position now and awaiting a near term reversal.

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[COLOR=#000000 !important]LOW RISK: Blackwave California
VIDEO[/COLOR]

[COLOR=#000000 !important]After last weeks sharp decline in USDJPY this market has been range bound for a week and remains vulnerable to a rally in the short term. USDJPY is also something of a hostage to the S&P500 and any further declines in equity markets will cause a flight of capital to the Yen and further weaken USDJPY. Conversely any stablisation of equity markets will allow that overdue rally to take place in USDJPY.[/COLOR]

[Blackwave]

[COLOR=#000000 !important]LOW RISK: Blackwave California[/COLOR]
[COLOR=#000000 !important]USDJPY. Do we have a divergence between the price action and an important oscillator like RSI? Hmm, noted for now and we remain long. Support 108.00 Resistance 110.00. [/COLOR]

[Blackwave]

[COLOR=#000000 !important]LOW RISK: Blackwave California[/COLOR]

[COLOR=#000000 !important]USDJPY. Met declining resistance now and Friday's candle was a shooting star. Expect volatility which is good for us. Support 108.00 Resistance 110.00. [/COLOR]

[Blackwave]

[COLOR=#000000 !important]LOW RISK: Blackwave California[/COLOR]

[COLOR=#000000 !important]Four up weeks in a row now in an otherwise downtrend and meeting declining resistance at these levels. All trades closed out so 100% cash = 100% Equity which is not a bad place to be at all. We note the sharp rally in equities and the fact that the Yen is closely correlated to risk. Should those markets even partially decline then the Yen will strengthen and USDJPY will decline. All these factors have me switching to short USDJPY only and now waiting for the 1HR MA to confirm before executing a trade.[/COLOR]

[Blackwave]

[COLOR=#000000 !important]LOW RISK: Blackwave California[/COLOR]

[COLOR=#000000 !important]Higher markets combined with the "Brexit" risk leaves us in a decent position to continue to churn out pips from this risk correlated pair.[/COLOR]

[Blackwave]

VIDEO: Click HERE.

Being LOW risk I will take the opportunity to keep all trades closed as soon as/if the latest basket closes during the week. Should the basket be closed and the vote turn out to be "LEAVE" I will begin trading USDJPY to the short side on Friday. Should the basket be closed and the vote be to "REMAIN" I will look to re-enter from a position higher up.

[Blackwave]

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

Stayed flat with no trades from Tuesday to Friday morning. Sold USDJPY into the large move lower and achieved a great week in approx 2 hrs trading. Up 8.65% so far for the month. Very good for this low risk account.

[Blackwave]

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

LOW RISK: Blackwave California

8% for June is exceptionally good for this low risk profile account. With the S&P 500 back at 2100 and into heaving resistance, this risk correlated pair stand to benefit from any declines. A MAM account of the same name is now open.

[Blackwave]

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

LOW RISK: Blackwave California

This account was good in testing and performs lovely as a live copy account and managed forex account. With SPX back at 2100 likely due to optimism that the Fed is less likely to raise rates, the Yen stands to benefit greatly from any wavering of this view and a flight to perceived safe haven's such as the Yen. We remain short USDJPY.

[Blackwave]

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

LOW RISK: Blackwave California

Looking to re-evaluate USDJPY when this current basket closes and I may keep it closed for 24 hours and then decide on the direction (long or short). Plenty of arguments in favour of the short side but it may be worth taking note of dramatic fall in this pair over the last few months and the fact that the BOJ may begin to add further liquidity in the coming months.

[Blackwave]

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

LOW RISK: Blackwave California

Decent "shooting star" weekly candle formation has me watching last weeks low at 105.42. A lower low further confirms the shooting star and points to lower prices in the period ahead. Any pullback in the S&P will only help our short USDJPY trade.

[Blob]

I've been following this signal for just 1 week at 1.5x.

When I started there were multiple trades opened before so I had a better price... and today I've made 27.78%

Thanks!