Bernard Luz Costa Santos
Bernard Luz Costa Santos
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Account Manager において Simpbank Ltda
🎯 My Forex Trading Philosophy

💡 At the core of my approach to Forex is strategic growth and sustainability. Utilizing advanced algotrading techniques 🤖, I strive to enhance the precision and efficiency of my operations in the vibrant Forex market.

🔍 Every market move is an opportunity to learn and refine my strategy. My aim is to maintain a balanced ratio of profitable trades, emphasizing solid risk management and a long-term outlook.

🔄 Patience is key in Forex, and my methodology reflects that patience. I favor building consistent gains 📈 over chasing immediate results.

💰 Withdrawal and reinvestment strategies are carefully calculated to foster ongoing growth and long-term financial health.

🙌 If you value a trading approach that is transparent, diligent, and well-planned, you'll appreciate the philosophy guiding my trades.

🚀 Join me on this Forex trading journey, where every decision is calculated, and every success is built on perseverance and careful planning.

Telegram: https://t.me/twobirds_admin
Bernard Luz Costa Santos - Simpbank Ltda
Bernard Luz Costa Santos
Hello everybody.

We will return on Monday with a new strategy and some protection resources. We will avoid NZD currency pairs and the GBPUSD pair for now. We will no longer open many pairs at the same time. Our StopLoss will now be 10% per pair. If the pair reaches 10% DD we will only close it, if there is another pair in operation, it will continue. The use of leverage will remain the same as the reduction in currency pairs and our shorter stoploss will be our risk reduction. If there is a 10% stop, the recovery period is expected to be 2 and a half months. Our monthly target will be 4% ~ 5% per month.

I am still defining some points, but by Monday (April 22, 2024) I will define what will be done.

If you want to change the stoploss and target monthly profits. Everything will be said here.
Bernard Luz Costa Santos - Simpbank Ltda
Bernard Luz Costa Santos
Dear Investors,

Unfortunately, we have encountered our first major stop in recent trading. I'm writing to provide a comprehensive overview of the events leading up to this significant development and the technical rationale behind our actions.

In the preceding weeks, the U.S. Dollar experienced a sustained uptrend, primarily driven by macroeconomic factors such as a hawkish stance from the Federal Reserve, persistent inflationary pressures, and ongoing geopolitical tensions. This upward trajectory was clearly reflected in the Dollar Index (DXY) chart, which exhibited a marked bullish trend.

Despite the absence of significant downward movements in the NZD, AUD, and GBP pairs, it was the strength of the U.S. Dollar alone that exerted downward pressure on our positions. The technical analysis conducted on these pairs did not indicate any alarming trends or deviations from their respective trajectories. Instead, it was the overwhelming dominance of dollar strength that prompted our decision-making process.

Our meticulous analysis, which encompassed a range of technical indicators including RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), pointed to emerging divergences. While these divergences typically hint at a potential reversal, it was clear that the fundamental forces driving the dollar's ascent were too powerful to ignore.

Given these insights, coupled with the absence of significant counter-trends in the NZD, AUD, and GBP pairs, we made the difficult decision to exit our positions at a 20% drawdown threshold. This proactive measure was aimed at mitigating further losses, recognizing the potential for continued dollar strength to trigger our 30% stop level.

Moving forward, we are diligently monitoring the markets for stabilizing factors that could signal a return to more favorable trading conditions. With a strategic recovery plan already in place, we anticipate a period of four to six months to recuperate the losses and realign our portfolio to its equilibrium.

We understand the impact this development may have on your confidence in our management. Rest assured, we remain committed to navigating through these challenging times and are focused on the diligent recovery of our fund’s performance.

Please do not hesitate to reach out if you require further clarification on our strategies or if there are any other aspects you wish to discuss.

Sincerely,