Gary Comey
Gary Comey
3.3 (34)
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9+ 年
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http://www.blackwavetrader.com 私は、2000年にアイルランド最大のブローカーの1つであるGoodbodyを買収したFexco Stockbrokingで働き始めて以来、登録株式仲買人です。私はアイルランドの銀行協会の会員です。私は英国のテクニカルアナリスト協会に登録されており、IG GroupやFidelityなどの業界でしばらく働いています。
Gary Comey
Gary Comey
2.46% so far for January. The theme this week as been dollar strength hence profit on our short $NZDUSD positions and now correlated short $EURCAD trades improved to a 5% DD helped by strong CAD unemployment data today.

I'm watching $EURUSD more generally as a theme for other trades and on weakness I began adding long $USDJPY trades today. I see it briefly traded below 1.05 but further $EURUSD weakness helps our two baskets. Hoping to get Algarve above €200K in January from €164K in September.
Gary Comey
Gary Comey
I added another $EURCAD position yesterday but we will probably have to let thin holiday markets pass to see action next week. Happy New Year from Portugal. I wish you everything you wish for yourself. Focus more on dreams and less on fear in 2023.
Gary Comey
Gary Comey
I’ve taken off the $EURCAD hedges as the DD drops towards 10%. They have added about 1% so far in December. Usefully $NZDUSD is rolling over & if we get the chance over the holidays it has the potential to advance the cash nicely.
Gary Comey
Gary Comey
Hi 👋. 12th up day in a row for $EURCAD since becoming overbought daily, now sits at RSI 87. DD is about 17% so that’s the new position sizes and distancing working. The hedges were used to reduce risk, increase cash and improve equity.

I’m not keen to sell more $EURCAD until I see a technical break. $NZDUSD had a nice technical break lower so hopefully this is the swing lower we are looking for. 2 positions in profit so far.

The only issue here is the holiday period and barring a major event the drying up of market participants and liquidity and lack to committing to major moves. Stay warm if you’re in Europe. This was the scene in Budapest earlier this week 🥶
Gary Comey
Gary Comey
$EURUSD has been ranging from about 1.0460-1.0560 for a week hence our two positions are doing something similar. Next week sees #ECB and #FED rate decisions and some price action.

As per the new Algarve strategy there’s a small hedge on $EURCAD. This is because of a 10% DD. The grid will continue to hedge up to 1/3 of the position also on a grid, IF the DD reaches 35-40%. This is a new safety feature.
Gary Comey
Gary Comey
A 6% advance in cash in November. I’d like to get the cash above €200K in the next few weeks but safety is most important. You may notice I’m less inclined to sell into rallies. Patience patience.
Gary Comey
Gary Comey
Strategy and position size are most important. That said $NZDUSD may be attempting a swing lower high vs Aug 0.6468. $EURCAD more complicated but taking leadership from $EURUSD too. I am hoping for one more win for the books in November towards 6.5-7%.
Gary Comey
Gary Comey
All trades closed for now. Back to cash. 6.11% for November has beaten October’s 5.99% with a few days to go still. Those who never withdraw get exponentially compounded returns but all of your money is always at risk. Some withdrawals are healthy.
Gary Comey
Gary Comey
Not much point in jumping into anything new on a Friday afternoon. Long $USDCHF into the weekend with a 0.02% DD, a 1% week and 5.77% growth for November so far. There should be more in $USDCHF in the coming sessions.
Gary Comey
Gary Comey
4.66% gain for the month so far which is not bad for just the 11th of the month. BIG $EURUSD wins yesterday . I began Blackwave Algarve with €164K while on holiday in Greece a month ago. Current #skininthegame €180K. Puts me on track to give another €10K to
St. Kevins boy school.
Gary Comey
Gary Comey
Quiet enough ahead of #NFP. We’re just in one basket $EURUSD, and six positions into it using lower position sizes. DD about 3%. In case of a further decline today I will not be adding more positions until I see stability.
Gary Comey
Gary Comey 2022.11.04
Update: Decent rally in EURUSD gives me some confidence to enter NZDCAD on the short side.
Gary Comey
Gary Comey
Boo 👻Almost 6% so far this month for #Blackwave Algarve. There seems to be a pause in price action while we wait to see if Dollar weakness is a new trend or not. Previous $EURUSD resistance is now support at circa 0.9840.

I could trade other pairs eg. $USDCHF but it's basically all a dollar story across major and minor forex pairs. As you know I won't trade exotics or #Bitcoin :-) Happy Halloween.
Gary Comey
Gary Comey
Good day. Trading Resumes this evening with EURUSD.
Gary Comey
Gary Comey
All trades closed for now. Back to cash. Those who never withdraw get exponentially compounded returns but all of your money is always at risk. Some withdrawals are healthy.
Gary Comey
Gary Comey
Strong dollar is the running theme though AUDUSD is showing some signs of hesitation. The weekly candle is inside the range of last weeks candle. USDCHF advance is now into an area of heavy congestion going back to 2015 and I am not in a hurry to add to the single sell position until there's evidence of exhaustion/reversal. Weekly Stats: All in €170K #skininthegame
Gary Comey
Gary Comey
Amazing to see that #Blackwave California turned a profit with GBPCHF. The little engine that could! Blackave Algarve is where most of the money is now and we're at about 3% so far for the month. Calm and patient trading taking account of the widening ATR across many pairs.
Gary Comey
Gary Comey
After 5 years and $265K in profit withdrawn Blackwave Pacific has “failed” as a result of the recent extreme moves in the Pound vs my strategy. Still the original deposit was $5k and people doubted it roughly once per month for five years until they were eventually “correct”. God speed, Blackwave Pacific changed my life, built school yards and bought Portuguese property and was a major cash cow.

The managed accounts also failed though withdrawals were several million dollars higher than deposits by the time they did fail. This is not a business for the faint hearted but in an industry famous for smoke and mirrors the only honest thing to do was have my own skin in the game.

We begin again with renewed confidence and will fund Blackwave Algarve not with $5K but this time wth €150K and a number of safety amendments. PM me if you’re brave enough.

“The person who risks nothing does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change and grow and love and live.”

~ Leo F. Buscaglia

Consilio et Animis

#skininthegame
Gary Comey
Gary Comey
By Wednesday Blackwave Algarve will be funded with €157K. That completes deposits in the short term.
Gary Comey
Gary Comey
I am writing to you with some sort of explanation. The speed of the move was incredible. Firstly the Pound found itself at its lowest level since 1985 by Friday close. On Sunday night within about two minutes the market dropped from circa 1.06 down to the mid 1.01’s in likely thin liquidity at the open of the asian session. A type of Brexit move. I lost $450K along with you even though I had begun to hedge the exposure, it simply wasn’t enough to cope with a move of that magnitude.

As you know the strategy is to buy into oversold markets which GBPCHF already was when I began back at 1.17 a full 15,500 pips higher. I’ve been trading fairly successfully since 2017 and I have never witnessed anything like this so closing trades with a 35% loss didn’t occur to me last week. If you think back we’ve had a fair few 35% DD’s and as was sometimes pointed out to me if I closed everything every time I had a troublesome DD I would have had nothing left years ago. At that point the strategy was to cut one of the biggest losers and use the second basket to eat the DD in GBPCHF.


I am devastated for us all and it's taken me a few days to even begin to write this email. The position sizes will now drop a little and likely hedging will begin at 35%-40% with the hedge paid for by normal trading profit and regular withdrawals too when back to cash. Without those regular withdrawals I would have no plan B. In effect withdrawals ARE a stop loss. I will begin again primarily for myself. It did work extraordinarily well for many years. I don't want to be one of those guys who loses money then disappears.
Wilson Castro Dos Santos
Wilson Castro Dos Santos 2022.09.27
Nice words Gary, I'm sure you'll build it all up again
Gary Comey
Gary Comey
Difficult few days with no let up in selling. When we had our EURGBP DD the currency pair at least moved relatively slowly but the speed of this Sterling move coupled with the higher position sizes (though recently reduced) left no shelter given the magnitude of the move. The strategy as you know is counter-trend, buy into oversold pairs and sell into overbought pairs. When I bought GBPCHF in the 1.17's it was already oversold weekly. Now this market is trading more than a 1000 pips lower than that. There is talk of an emergency interest rate hike by the BoE next week but who's to say if that will help of if it will be seen as a sign of weakness by markets. The Swiss National Bank said only yesterday that they were willing to intervene in the forex markets to weaken the Franc and yet today the Franc strengthened even more and they did nothing. Perhaps between the SNB and the BoE combined actions MAY take place next week. I am profoundly sorry that we have all lost money here. I lost $66K, some lost less but some lost much more. As you know most of my (Blackwave's) money is in the medium risk Blackwave Pacific and I plan to shore that account up in the next few days if this relentless Sterling selling continues. I plan to try and ride out this extraordinary move and then make withdrawals when it's over. I appreciate that some people are throwing around emotions here tonight. You are entitled to & that's fair enough. For my part I sill have over $400K in the market and the game continues next week managing my money and for those who are still in Pacific and California. Finally I called the company Blackwave because in retrospect we can all see the waves on the graph and the plan was to ride the waves. Tricky endeavor in the ocean and not much easier in markets. Nevertheless this $GBPCHF market will turn. We all know this.
Stavros Giorgalli
Stavros Giorgalli 2022.09.26
Perfect time to revive this beast of a review:
“ After 1 year I've unsubscribed despite Gary's good performance so far that I still hope will continue and Gary and this signal be doing good however here are the reasons I believe this signal will be a failure: 1) the claim that the risk is approximately 35% is not true for 2 reasons, we have already seen the drawdown has gone to 48% and the stop loss hasn't been taken for whatever reason. Also when there is such drawdown a simple market gap can destroy the account therefore this signal is a time bomb I believe. 2) I have come to believe, by months/years of back testing, that Grid Trading in general although looks profitable, is absolutely wrong and will certainly, without doubt, destroy the account one day no matter how small the lot sizing and how large the distance between trades, risking the whole capital to gain small wins. One mistake will destroy the account. It's gambling. The truth is there is no price level that is too high or too low for the market so there must always be a stop loss never exceeding 3% of the account. 3) Grid Trading is torturous, watching your account reaching high drawdown for weeks and months while praying your account doesn't blow up! 4) The performance figures on MQL are fake, they miscalculate and don't take into account the many deposits and withdrawals properly so the true performance of the signal is manipulated. 5) Good safe traders risk 1% per trade and enter only trades with potentially 5:1 reward potential and let the profits run - the only safe way to make money consistently - it's hard to master this way of trading, it's why most people grid trade. It's a joyful way of trading watching your profits grow rather than watching your losses grow So if you love yourself and your capital, stay away from anyone who does Grid or Martingale Trading which is a disease in this society. It's easily identifiable by looking at the chart if it's continuously going up. Good luck!” Glad I didn’t get back in after the EURGBP mess.
Gary Comey
Gary Comey 2022.09.30
Hi Coronabeats. I notice my name on mql5 is the same as the one in my birth certificate. Is yours?
Gary Comey
Gary Comey 2022.09.30
Coronabeats… or can I just call you C, I don’t do martingale. C even including the disaster that account still made over $100K in a few years. Sorry if you lost, sorry if anyone did. I began in 2015 with $5K C, I will begin again with €200K. Think about that C. Enjoy anonymity C/ keyboard warrior.