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I am a former stockbroker and Treasury Manager. I have worked in the industry for some time including at IG Group and Fidelity.
Managed Account: https://secure.blackwellglobal.bs/register/?lid=432&pid=12210
Telegram: https://t.me/BlackwaveTheReal
TWITTER: https://twitter.com/BlackwaveFx
YouTube: https://youtube.com/@BlackwaveFX
Website: https://www.Blackwave-Forextrader.com
Managed Account: https://secure.blackwellglobal.bs/register/?lid=432&pid=12210
Telegram: https://t.me/BlackwaveTheReal
TWITTER: https://twitter.com/BlackwaveFx
YouTube: https://youtube.com/@BlackwaveFX
Website: https://www.Blackwave-Forextrader.com
Gary Comey
{Alpine} EURCHF is measuring Relative Strength W1-29, D1-25, H4-28, H1-38. The last time EURCHF was this low was February 2017. They say it's down the German political developments plus the diverging economic outlook between E.U and the U.S. Last time EURUSD was this low was September 2019. That said when I am buying a technically oversold pair it's usually because of a negative fundamental reason and the opposite is always true too with technically overbought when I sell. The strategy is after-all contrarian. Even with wall to wall positive or negative news nothing tends to go up or down in a straight line. Would love to say this is the bottom but this is speculation and not crystal ball stuff. DD is about 13.25% which is well within the safe limits for high risk Alpine, for Pacific and California which are medium and low risk the DD is obviously less than the high risk account.
· 11
Gary Comey
[Alpine] Cash +0.28% This is a case of Dollar strength which is why EURUSD is down and USDCHF is up and USDCAD is up too. Our major position the less correlated EURCHF is down (because the Euro is weak against the buck and therefore weak against the Franc too). So what's the plan? It's the same plan as I've always had, trade the technicals and keep position size in order therefore I buy on oversold and sell on overbought and as long as position sizes are correct this will work again. Worth noting that EURUSD is now Daily oversold too. DD in control and if volatile markets are fun, ranging markets take patience and I have plenty of the later.
· 9
Walter Scott
2020.02.12
UPDATE
Tomorrow will be 30 days stuck in eur-chf.
Good job
----------------------------------------------------------------------------------------------------------
Walter Scott 2020.01.22 15:27 (modified 2020.01.22 15:30)
... Lucky purchase and closing of eur-chf on 2 previous occasions on 8Gen and 9Gen and now stuck in these trades without the possibility of doing anything.
Tomorrow will be 30 days stuck in eur-chf.
Good job
----------------------------------------------------------------------------------------------------------
Walter Scott 2020.01.22 15:27 (modified 2020.01.22 15:30)
... Lucky purchase and closing of eur-chf on 2 previous occasions on 8Gen and 9Gen and now stuck in these trades without the possibility of doing anything.
Gary Comey
Month 3.33% at least half of what I was hoping for. Nevertheless EURCHF appears to be forming a base on deeply oversold levels. In all likelihood we will benefit from this trade in February and not January. All I can do is follow the script here and await price developments. Would prefer some excitement though. 🙄
· 10
Gary Comey
[Alpine MAM] Week: Cash +0.14%. EURCHF has now filled the gap down to 1.0718 that I thought initially was a possibility (and said so on Twitter @BlackwaveFX) is trading at RSI 20 Daily which is quite oversold. Indeed it has traded lower as the Euro declined against the buck and cable too. These two other markets are now well off their moving averages too and a rally here may underpin a rally in EURCHF.
In the meantime the DD is well within risk parameters this after noon at about 7% in this high risk account. I continue expect a rally in this very oversold market.
Hopefully we get back to cash in time to book a decent January. 3.3% so far.
Sorry for no update last Friday. I was in Portugal checking on renovations to an apartment.
In the meantime the DD is well within risk parameters this after noon at about 7% in this high risk account. I continue expect a rally in this very oversold market.
Hopefully we get back to cash in time to book a decent January. 3.3% so far.
Sorry for no update last Friday. I was in Portugal checking on renovations to an apartment.
· 8
Show all comments (8)
diocanetrader
2020.01.28
@Onebody I have not seen any of his provocative comments, however as you say he will certainly be a great "bastard" . And @ Mr. 3555elvis I can assure you that I have no one of chip on my shoulder... it is so curious that all those who defend this trader do nothing that insult other people ... maybe it is a necessary thing here ... insult and treat others as idiots. Keep it up.
Onebody
2020.01.28
I was wrong to use an insult. For the rest, I stand by my opinion. One of the comments was actually deleted. I used the word "bastard"when I answered it. Let him return it if his word is worth anything. Then we'll talk.
Gary Comey
2020.01.28
@diocanetrader was correct last week. Trolling the people who are trolling me seems like a good revenge but it just ultimately invites more deranged comments than ever so I've deleted the screen shot of "Mr Scotts" rant. You were correct and I was wrong.
The original idea behind these posts was to let you see what I am sending the managed clients on a Friday evening as an alternative to responding via instant message to any number of MQL5 traders on a daily basis.
I guess the managed clients don't troll me and in fact I am taking some of them out on Sunday evening so the relationship there is totally different to MQL5. I used to work with some of the managed clients, I know their kids and their wives.
I must obviously be a sensitive little soul to fall for the abusive comments so maybe it's best if I leave the posts to stand for themselves and allow you guys to argue over it. Forgive me if I withdraw to the background. I am sure you would prefer that the trader is not being influenced by destructive comments full of either fear or greed. It's no good for me, or for you and, ironically not good for the people who try to get into my head with those comments. They are apparently happy to try and melt the head of the very person in charge of their money which is not logical.
The original idea behind these posts was to let you see what I am sending the managed clients on a Friday evening as an alternative to responding via instant message to any number of MQL5 traders on a daily basis.
I guess the managed clients don't troll me and in fact I am taking some of them out on Sunday evening so the relationship there is totally different to MQL5. I used to work with some of the managed clients, I know their kids and their wives.
I must obviously be a sensitive little soul to fall for the abusive comments so maybe it's best if I leave the posts to stand for themselves and allow you guys to argue over it. Forgive me if I withdraw to the background. I am sure you would prefer that the trader is not being influenced by destructive comments full of either fear or greed. It's no good for me, or for you and, ironically not good for the people who try to get into my head with those comments. They are apparently happy to try and melt the head of the very person in charge of their money which is not logical.
Gary Comey
[Alpine] Week: +1.76%. One trade open and close to cash. After a week and a half we are more than 3%. I'd like a good start to the year because it sets us up nicely given the nature of compounding. You guys can withdraw if you want but I will be doing my best not to.
· 7
Gary Comey
{Alpine} For the record then. 2019 100%. December 3.09%. Week: 1.33%. One of the great wonders of the world (according to Einstein) is compound interest. While making no withdrawal ultimately leaves the potential for disaster on the table it also means you get paid for the risk. From 2016 to early 2019 I made hardly any withdrawals but finally relented in mid 2019 and went on something of a splurge buying art and property for both Blackwave and myself. Now I think I'll "cool the jets" again and allow Blackwave funds to go from circa $265K to $500K and therefore renew my faith in myself and my strategy. HAPPY NEW YEAR.
· 11
Gary Comey
Week: 0% but it's been a short trading one with less activity and participants. 2.97% for the month to date but not quite ready to call the month yet. I've a few short positions in a very overbought NZDJPY. I wonder what are the odds that Kim Jong Un fires a missile over the Sea of Japan in the next few days. Hmm!
· 9
Gary Comey
Merry Christmas all.
· 11
Gecimar Loss
2019.12.24
Hi Gary,
I operate with sign copying for a long time in MQL but your sign I am copying just 2 months.
In all my MQL experiences I see good comments when DD is low and provider is making money and destructive comments when DD is high and provider is not making money.
If you want to continue in MQL you should get used to these comments because it's part of the game, people are like that.
You are very correct in classifying them as "snowflakes" and so they always will be, they see and go quickly.
The hindsight of your sign speak for itself, there is no need for explanation, just ignore the destructive comments.
Please Gary, release posting to MQL, I would like to exchange ideas with you about possible trades in order to "contribute".
While you are a signal provider in MQL it is wise to keep an open channel of contact with your clients.
Please "teacher" frees sending messages in MQL.
Thanks
I operate with sign copying for a long time in MQL but your sign I am copying just 2 months.
In all my MQL experiences I see good comments when DD is low and provider is making money and destructive comments when DD is high and provider is not making money.
If you want to continue in MQL you should get used to these comments because it's part of the game, people are like that.
You are very correct in classifying them as "snowflakes" and so they always will be, they see and go quickly.
The hindsight of your sign speak for itself, there is no need for explanation, just ignore the destructive comments.
Please Gary, release posting to MQL, I would like to exchange ideas with you about possible trades in order to "contribute".
While you are a signal provider in MQL it is wise to keep an open channel of contact with your clients.
Please "teacher" frees sending messages in MQL.
Thanks
Gary Comey
ALPINE GROUP: Week 2.66%. A lot has already been said but suffice to say people who thought it was high reward got to see and more importantly feel what high risk is like. This is the reason I am so fussy about who is in the MAM account in the first place. Thanks for your patience, thanks for your kind words, thanks for your balls of steel.
· 5
Gary Comey
Attention Copy Traders.
Following on from the recent trades in GBPCHF and now that those trades are closed in profit you should;
Understand that Blackwave Alpine/Australia = High Risk
Understand that Blackwave Pacific = Medium Risk
Understand that Blackwave California = Low Risk
Understand where the DD's for these accounts are modeled to go to stay well within risk parameters.
Understand the maximum position size based on your balance versus the examples given below.
While there are a few copy trading websites and you have all clicked on buttons that say you accept the risk I don't want it to go unsaid from Blackwave's point of view that you must understand the product, understand the risks, understand that trading forex is risky. If you do not understand the product you must in good conscience UNSUBSCRIBE.
Following on from the recent trades in GBPCHF and now that those trades are closed in profit you should;
Understand that Blackwave Alpine/Australia = High Risk
Understand that Blackwave Pacific = Medium Risk
Understand that Blackwave California = Low Risk
Understand where the DD's for these accounts are modeled to go to stay well within risk parameters.
Understand the maximum position size based on your balance versus the examples given below.
While there are a few copy trading websites and you have all clicked on buttons that say you accept the risk I don't want it to go unsaid from Blackwave's point of view that you must understand the product, understand the risks, understand that trading forex is risky. If you do not understand the product you must in good conscience UNSUBSCRIBE.
· 7
Gary Comey
I’ve withdrawn $50K from Blackwave Pacific as a dividend to shareholders. Current “skin in the game” $265K across all three risk levels.
· 4
Gary Comey
I might place a trade later so if you need one, get your withdrawals in if you haven’t done so. Santa expenses etc. 🎄
· 4
Gary Comey
Back to cash and a good time for a withdrawal.
Sorry for delay.
Gary
Sorry for delay.
Gary
· 14
noredlim
2019.12.20
Good that it recovered.. phew. Think I would be wiser to stay out of GBP pairs till end Jan when we have a clearer picture how the Brexit works out
Gary Comey
2019.12.20
BREXIT will never work out. BREXIT will be going for 10 years and has already been going for 3 years but I think I understand what you are saying. You don't like stress.
Gary Comey
Fairly decent pull back off overbought conditions brings the DD back to where it was before the election result and moving closer down to the weekly M.A. It's a busy week for Sterling with a BOE rate decision on Thursday. I'd love to be back to cash by month end and am definitely aiming for that. In the mean-time with the reduced DD and the markets seeing new political developments as a risk to Sterling I may try one or two other trades while we wait for GBPCHF.
That way there’s less to do once we are out of GBPCHF to get a decent December.
In the mean-time with many of the snowflakes who have sent me messages like "fu8k you Gary you fu*king stupid stupid man" are gone I've reduced the price again slightly to $30. I sent most of those guys the strategy MORE THAN ONCE but I guess they were over-leveraging or just not believing me.
"If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating.......
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son!" - Kipling
That way there’s less to do once we are out of GBPCHF to get a decent December.
In the mean-time with many of the snowflakes who have sent me messages like "fu8k you Gary you fu*king stupid stupid man" are gone I've reduced the price again slightly to $30. I sent most of those guys the strategy MORE THAN ONCE but I guess they were over-leveraging or just not believing me.
"If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating.......
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son!" - Kipling
· 14
Josh DH
2019.12.18
Sheesh, I didnt realise the comments were that bad. I always wondered why signal start wouldnt let you contact the Provider direct, now I understand. Find solace knowing those folk will not have a successful trading career, and when they fail they will blame the market, the broker, and everyone else apart from themselves.
Onebody
2019.12.19
Yep, ty Gary! And I'm sorry for all of shit you heard last month from some persons.
Gary Comey
There’s no question that we take risks. The high risk account is HIGH risk and we are usually reminded of that every 12 months or so. We’ve always gotten out of it because even though the DD was tiny for a long time I never raise position size. The decision to buy GBPCHF was a mistake but the position size was correct and that’s how we survive mistakes. WHEN we get back to cash we will have all made up to 80% this year compared to the German 10 year yield which is actually-0.26%. Your money is guaranteed by the German government but they are actually charging you for the stability. https://www.bloomberg.com/markets/rates-bonds/government-bonds/germany
Risk is our business.
Risk is our business.
· 13
Ngo Xuan Tu
2019.12.13
I still trust you, anh i wish you can down the subscribe fee back to 20 like before
jokinvipo94
2019.12.16
Hello Gary, why you increase the copy price to the doble? We are having a bad time lately and with this is very desmotivating..
Gary Comey
That’s a decent shooting star daily candle. Right now I’d take it if the market closed like this.
· 6
Fredrik Ek
2019.12.15
Means that the trend might turn if next daily candle closes lower than the shooting star :)
Gary Comey
Current DD under 30% is significantly better than last night which was horrendous. My thinking here is to let this settle further and let the weekend throw up worries and complications.
· 7
Ant
2019.12.13
Gary, i keep trust you, nut, why you are didn't open a position on the trend way? Market go up, lets have a same positions - to up.
Myhailo Franchuk
2019.12.13
A very small percentage of profit. The minimum deposit is $ 10,000. Otherwise, it is impossible to make a profit.