Gary Comey / Profil

Good morning. Cash a little higher again as I took profits on one of my USDCAD hedges. I will re-hedge if the market trades back down to 1.3850 again but there was > 50 pips there for the taking. If it drops, same plan with max 3 positions to more gracefully exit the hedges on USDCAD without using the sledge hammer of just eating the DD with profits from other trades. Being long AUDCHF means overall I am long Aussie and Loonie which are both commodity currencies, but apart from that AUDCHF is happily accumulating positive swaps while USDCAD accumulates negative ones. My goal for USDCAD is circa 1.3655 but that requires another leg down after a dramatic fall last month. The risk here is the falling oil price so a bounce in that would theoretically help the Loonie and maybe by osmosis the Aussie too. The account is now 50% higher overall. I am trying to get as far into the year as I can before taking out maybe €20K as a partial deposit on another Airbnb unit in the Algarve. |https://www.Blackwave-forextrader.com|

Off the mark for May and 5.21% for April. I'd imagine many of you can see the game plan now. USDCAD's negative SWAP's will be partially offset by AUDCHF's positive SWAP's. Closing both baskets at the same time would be ideal but let's see what the market allows for. In the meantime the USDCAD hedges become a small trade in themselves (also with positive SWAPS) and a max three positions. Happy with April. You may have noticed some performance fees going out. Still, Performance Fees = Performance. Nothing succeeds like success. |https://www.blackwave-forextrader.com|

I thought I would share this page with the community. If you are in the industry and looking to make passive income by referring clients into the managed account let me know. https://blackwave-forextrader.com/introducing-broker-program/

Good morning. We are out of the Kiwi trade. The overall DD had dropped significantly and the cash is almost 5% higher in April with a week of trading still to go this month.

USDCAD does not seem to be able to stay below 1.3840 for any significant length of time so it’s not a bad spot to add that second hedge. 1. It reduces the danger of a sudden move higher in this market. 2. It begins the process of getting out of the hedges without having to use profits from either the short side of the trade or indeed other trades to eat the DD. 3. The swaps are positive. Therefore when the short side is profitable I can close without worrying about what to do with the USDCAD hedge. It will have a max three positions.
AUDCHF is a serious carry trade with massively positive swaps. The longer we are in it the more we make. Technically we are beginning to see a reversion to the mean with this market bouncing 300 pips so far from its weekly oversold conditions.

Have a good weekend. 🤛
https://www.Blackwave-forextrader.com

Good evening. 2.69% growth this month despite geopolitical risks and U.S. political shifts denting confidence in the dollar, equities, and Treasuries. Our strategy is capitalising on opportunities, namely let the buck weaken further: USDCAD and NZD trades perform well, while AUDCHF longs quietly build cash via positive swaps. The portfolio is regaining a little momentum with smaller drawdowns than recent months.

Volatility persists, but our adjustments are working—balancing aggressive growth with disciplined risk management to protect capital.

I’m optimistic. The groundwork aligns with markets now….finally, positioning us for stronger, consistent results ahead.

On a personal note: My third Portugal apartment is nearing reality. Rental income from two properties will cover a 10% deposit by September; another 10% comes from Blackwave. The bank funds 80%, leaving three Airbnb units with one mortgage. 🤛 https://www.blackwave-forextrader.com

No change this week. The kiwi trade broke 0.58 but has since pulled back a little. Hopefully this is consolidation ahead of a further push higher but making bold predictions tends to make a person look foolish. USDCAD in waiting mode threading 1.43 as the tariffs rhetoric becomes the major narrative of a Canada general election campaign. Better to know the strategy and be more patient than the market.

This mornings tweet says “Your worst enemy in trading isn’t the market—it’s your own mind. Master your psychology, and you’ll master trading and life.

https://www.blackwave-forextrader.com

Potential bullish breakout with this market (NZDUSD) as I said before but until it holds above 0.58 we're waiting.

USDCAD is hanging up there as trade tensions continue but the buck as already weakened substantially against the Euro and a resolution of trade tensions and this back and forth crap should strengthen the Loonie. Waiting. This whole business is about waiting.

Halfway through March and this is how Q1 is looking which is disappointing but still nine months to make up for it.

https://www.Blackwave-Forextrader.com

NZDUSD meeting resistance again but a break and hold above 0.58 would see a dramatic return the weekly channel that extends all the way to 0.64.

USDCAD: Not so long ago at the height of the tariff drama this market was at 1.47. Having broken 1.43 a few times now the next support is about 1.3850 and then on to 1.33.

In the meantime I've been continuing to take profits around the edges and with some AUDCHF trades as the DD improved. March Cash +0.68% so far.

Blog Post 25. Dr. Van K. Tharp: A Legacy in Trading Psychology and Risk Management

https://blackwave-forextrader.com/2025/01/22/blong-post-25-dr-van-k-tharp-a-legacy-in-trading-psychology-and-risk-management/

Blog Post 24. By 2028: Financial Security Through Smart Choices

https://blackwave-forextrader.com/2025/01/21/blog-post-24-by-2028-financial-security-through-smart-choices/

Blog Post 23. The Simplicity of Swing Trading: Follow the Waves, Manage Risks, and Let Time Work

https://blackwave-forextrader.com/2025/01/20/blog-post-23-the-simplicity-of-swing-trading-follow-the-waves-manage-risks-and-let-time-work/

Blog Post 21. Trading with Endurance: Aligning Strategy with Strengths for Lasting Success
https://blackwave-forextrader.com/2025/01/10/blog-post-21-trading-with-endurance-aligning-strategy-with-strengths-for-lasting-success/

Forex Position Sizes And My Broker Friend Who Traded Oil. A Thought Experiment.

https://blackwave-forextrader.com/2024/10/25/forex-position-sizes-and-my-broker-friend-who-traded-oil-a-thought-experiment/

VIDEO: https://youtu.be/4RjFXp4i0SY

In August we have compounded our accounts by 6.85% and 4.5% for Blackwave Pacific Hedged and Blackwave California respectively. An excellent performance for a professionally managed forex account. 

This is a wonderful monthly return to add to the eight year run from Blackwave California and it also begins to solidify Blackwave Pacific Hedged as the growth account. 

I'm delighted with this performance though sorry that some of my IC Markets clients could not participate due to their continually delayed system update which is now thankfully done.

I would like to thank my new clients at Blackwell Global where the minimum deposit is still €5000 and particularly at Vantage Markets where the minimum deposit is €200,000 and I've gotten new clients there too. What a vote of confidence!

Thank you!! blackwave-forextrader.com

Automatischer Handel mit menschlicher Aufsicht. Handelt Forex-Paare in beide Richtungen gleichzeitig. Die maximale Position in jede Richtung beträgt 10. Die Risikokontrolle wird durch die Positionsgröße erreicht. Kein SL. Es wird erwartet, dass es immer einen DD geben wird, es wird jedoch erwartet, dass Barmittel und Eigenkapital im Laufe der Zeit parallel steigen werden. Weitere Informationen zu Blackwave finden Sie auf der Website HIER

New WhatsApp feature on the website: https://blackwave-forextrader.com/

Hi all. I have now deleted the Blackwave Pacific Hedged signal from this platform as I continue to move over towards a more professional approach to money management. You can of course join Blackwave Pacific Hedged via the managed account at Blackwell Global by going to the website https://www.blackwave-forextrader.com
There is also a contact page there if you wish to message me.

Thank you so much for your business over the years. Once Blackwave California is back to cash I will do the same.

Thanks

Gary

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Some Friday Motivation : https://youtu.be/hnH6mmv3dl8?si=va5TCmZz3pawsBly