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http://www.blackwavetrader.com Я являюсь зарегистрированным биржевым брокером с 2000 года, когда начал работать в Fexco Stockbroking, которая с тех пор купила Goodbody, одного из крупнейших ирландских брокеров. Я являюсь членом Института банкиров в Ирландии. Я зарегистрирован в Обществе технических аналитиков в Великобритании и некоторое время работал в отрасли, в том числе в IG Group и Fidelity.
Gary Comey
0.5% for the first week of September and 20.15% Year-To-Date. What is under the hood of this EA is exciting. While we still wait for the AUDCHF positions we are in and out of GBPUSD like a caffeinated squirrel collecting nuts for the winter. 😊 https://www.blackwave-forextrader.com
· 1
Evgeny Belyaev
2025.09.07
Good
Gary Comey
I am pleased with the performance of the Intraday EA. RSI 72/28 means you don't catch every H1 swing but it also makes the drawdown slightly lower when you do because your first entry is "better". I was right about chairman Powell's speech, We went from quiet to rapid movements very quickly and the EA actually entered a GBPUSD position, got to it's TP in seconds, closed the position, and then re-entered (as RSI was still above 72). So we go into the weekend carrying a few Cable positions. Those in the managed accounts are seeing this for the first time since I traded this in my own account first (testing on myself first). GBPUSD is naturally a bigger mover than EURGBP so you should see more trades.
AUDCHF is disappointing to be honest. I know it is a swing trading timeframe but this feels more like buy and hold. We still get a very decent positive SWAP of course but I'd rather be out. That said it will come good and I definitely have the patience. Average entry is circa 0.5487 but in reality we would be profitable sooner than that with the positive SWAPS accumulated.
It's my birthday on Monday. It will be the 29th anniversary of my 21st birthday (50). I still remember my actual 21st. I flew to New York by myself and spent the week wandering around Manhattan and taking in the sights. First time on a plane! First time in America, first time abroad! I didn't have nearly enough money so I stayed at the Y,M.C.A and shared a room with a guy from Tipperary that I met in the queue at the reception desk who was only over to renew his Green Card. I spent many of my days in the MET museum and my evenings in Mullen's Bar on 23rd street talking to the locals. Barman was called Jim and he knew me when I returned years later. It's gone now, I think it's a bike shop, or at least it was a few years ago. New York is always changing but that trip began my life long love of that crazy city and it's palpable energy. It's always inspired me.
So if you look at the image above (looks like Manhattan) we're at 1.57% capital growth for August with a week to go. 20% YTD. A good alternative investment if you've already got a pension, real estate or other investments too. These EA's are only going to get better. I have already "peer reviewed" them with the recently released ChatGPT 5 and it had nothing meaningful to add…a good sign.
Https://www.blackwave-forextrader.com
AUDCHF is disappointing to be honest. I know it is a swing trading timeframe but this feels more like buy and hold. We still get a very decent positive SWAP of course but I'd rather be out. That said it will come good and I definitely have the patience. Average entry is circa 0.5487 but in reality we would be profitable sooner than that with the positive SWAPS accumulated.
It's my birthday on Monday. It will be the 29th anniversary of my 21st birthday (50). I still remember my actual 21st. I flew to New York by myself and spent the week wandering around Manhattan and taking in the sights. First time on a plane! First time in America, first time abroad! I didn't have nearly enough money so I stayed at the Y,M.C.A and shared a room with a guy from Tipperary that I met in the queue at the reception desk who was only over to renew his Green Card. I spent many of my days in the MET museum and my evenings in Mullen's Bar on 23rd street talking to the locals. Barman was called Jim and he knew me when I returned years later. It's gone now, I think it's a bike shop, or at least it was a few years ago. New York is always changing but that trip began my life long love of that crazy city and it's palpable energy. It's always inspired me.
So if you look at the image above (looks like Manhattan) we're at 1.57% capital growth for August with a week to go. 20% YTD. A good alternative investment if you've already got a pension, real estate or other investments too. These EA's are only going to get better. I have already "peer reviewed" them with the recently released ChatGPT 5 and it had nothing meaningful to add…a good sign.
Https://www.blackwave-forextrader.com
Gary Comey
✅ Preview Account (Free)Watch live trades with investor password access. A taste of the system. 👉 Free Demo
https://blackwave-forextrader.com/free-demo-account/
https://blackwave-forextrader.com/free-demo-account/
Gary Comey
Good morning. I am keen to get out of my AUDCHF now because I can see the value the H1 version of my strategy is bringing to the table. I think the DD is well under control but it would be nice to get to cash.
I have spent my life thinking about and working in financial markets and I still know fuck all - but I seem to know lots of guys who know far less than me but apparently have it all figured out from their Mom's bedroom and my nine years as a qualified stockbroker and fucking five years working in Treasury, holding companies, Airbnb's bought with the profits etc etc mean nothing. One thing I will tell you for SURE is this. Position size is a fucking amazing way to control risk and that is what has gotten me out of jail so many times over the years. If you can control the downside, the upside takes care of itself . These two EA's will have lower position sizes than my manual version of Blackwave Pacific but August might yet beat January, February, March and June based only on Blackwave Intrday's H1 strategy. What has yet to kick into the game to is Blackwave Overwatch's swing strategy too (because of my AUDCHF positions) but once my remaining manual basket of trades close it will be live and alive in the managed accounts. Intraday will do the heavy lifting to get us close to orbit and then Overwatch's afterburners kick in. I would encourage you to go to the demo page, download the app and take a look at the trading on your phone. Thanks guys 👀👀 https://blackwave-forextrader.com/free-demo-account/
I have spent my life thinking about and working in financial markets and I still know fuck all - but I seem to know lots of guys who know far less than me but apparently have it all figured out from their Mom's bedroom and my nine years as a qualified stockbroker and fucking five years working in Treasury, holding companies, Airbnb's bought with the profits etc etc mean nothing. One thing I will tell you for SURE is this. Position size is a fucking amazing way to control risk and that is what has gotten me out of jail so many times over the years. If you can control the downside, the upside takes care of itself . These two EA's will have lower position sizes than my manual version of Blackwave Pacific but August might yet beat January, February, March and June based only on Blackwave Intrday's H1 strategy. What has yet to kick into the game to is Blackwave Overwatch's swing strategy too (because of my AUDCHF positions) but once my remaining manual basket of trades close it will be live and alive in the managed accounts. Intraday will do the heavy lifting to get us close to orbit and then Overwatch's afterburners kick in. I would encourage you to go to the demo page, download the app and take a look at the trading on your phone. Thanks guys 👀👀 https://blackwave-forextrader.com/free-demo-account/
Gary Comey
🚀 Free Demo Access 📊Built with A.I. intelligence 🧠, Blackwave’s Intraday Expert Advisor moves from the test lab to live markets in the managed account this month.📍 Watch every trade in real time — 100% risk-free.
#AI #ExpertAdvisor #EURGBP🔗 https://blackwave-forextrader.com/free-demo-account/ 🌐📊
#AI #ExpertAdvisor #EURGBP🔗 https://blackwave-forextrader.com/free-demo-account/ 🌐📊
Gary Comey
Good morning. So you can thank the 0.65% in week one of August to the newly created EA Blackwave Intraday. I have spent the last few weeks going really deep into the strategy blah blah blah but hopefully we are seeing the fruits of it already. Since it was created a few weeks ago (version 4.5) I am already on version 4.8 and the latest version is using ATR basically everywhere. ATR is used from spacing between entries, to adjust TP in real time so the grid is essentially breathing in sync with the market. ATR will be used in a flash crash to hedge. Intraday is taking MY strategy learned from GOLDSTAR in 2014 and refined by me over a decade and deploying it in a H1 timeframe. I have modelled it to aim for circa 40% per year. That’s not easy to do and I don’t make guarantees here but it’s built and peer reviewed by multiple Artificial Intelligence Platforms. What is definitely new in terms of complete sophistication is “reverse ladder hedging”. which occurs in milliseconds.
This morning I took it and peer reviewed it with the upgraded ChatGPT 5 and it actually didn’t have any meaningful upgrade suggestions apart from increase position size a little but I think I won’t do that for now.
So what’s coming next is exciting too. To compliment the H1 strategy I have built Blackwave Overwatch, the same strategy on a swing trading time frame with adjustments to various parameters (total position, position size and more..). Once we get out of our AUDCHF I can deploy this. If that’s not interesting enough for you consider this thought….I have already built a “Blackwave Overwatch AUDNZD” which is to say it is specifically designed for that pair only. It won’t be that difficult in future to tailor an EA to the exact pair I am going to trade before the position is opened.
Trading both combined should get us closer to 40% per year (no guarantees). I absolutely know you can find other traders out there who will get you 40% per month but I am not competing with those guys. My goal is to provide a compliment to investors who might already have 1. A pension 2. Property Investments 3. Other investments and give them the option to spread that investment into the forex market too.
Finally finally I have created a “regulation” page for the website to give you an idea of how all this works from a legal standpoint. https://blackwave-forextrader.com/blackwave-regulation/
This morning I took it and peer reviewed it with the upgraded ChatGPT 5 and it actually didn’t have any meaningful upgrade suggestions apart from increase position size a little but I think I won’t do that for now.
So what’s coming next is exciting too. To compliment the H1 strategy I have built Blackwave Overwatch, the same strategy on a swing trading time frame with adjustments to various parameters (total position, position size and more..). Once we get out of our AUDCHF I can deploy this. If that’s not interesting enough for you consider this thought….I have already built a “Blackwave Overwatch AUDNZD” which is to say it is specifically designed for that pair only. It won’t be that difficult in future to tailor an EA to the exact pair I am going to trade before the position is opened.
Trading both combined should get us closer to 40% per year (no guarantees). I absolutely know you can find other traders out there who will get you 40% per month but I am not competing with those guys. My goal is to provide a compliment to investors who might already have 1. A pension 2. Property Investments 3. Other investments and give them the option to spread that investment into the forex market too.
Finally finally I have created a “regulation” page for the website to give you an idea of how all this works from a legal standpoint. https://blackwave-forextrader.com/blackwave-regulation/
Gary Comey
July Progress: Blackwave Pacific +3.18%, California (lower risk) +2.14%.
I LOVED automating my strategy. Pouring my trading soul into AI—confessing my strengths, flaws, even my GBPCHF disaster from 2022—felt therapeutic. Weeks of refining, and now EURGBP H1 trades run on OpenAI’s code, cross-checked by DeepSeek and MistralAI. It's already profitable.
This isn’t a pivot—it’s a deeper dive. The same philosophy I learned from "Goldstar" in 2014, now more graceful in hedging, stronger against surprises. Still manual swings (like our winning USDSGD), but evolving.
For now, it’s live in Pacific. Want in? Take a punt on me—join the manged account. https://www.blackwave-forextrader.com
I LOVED automating my strategy. Pouring my trading soul into AI—confessing my strengths, flaws, even my GBPCHF disaster from 2022—felt therapeutic. Weeks of refining, and now EURGBP H1 trades run on OpenAI’s code, cross-checked by DeepSeek and MistralAI. It's already profitable.
This isn’t a pivot—it’s a deeper dive. The same philosophy I learned from "Goldstar" in 2014, now more graceful in hedging, stronger against surprises. Still manual swings (like our winning USDSGD), but evolving.
For now, it’s live in Pacific. Want in? Take a punt on me—join the manged account. https://www.blackwave-forextrader.com
Gary Comey
Trading Strategy Development Update
I have recently concentrated on enhancing algorithmic trading performance through rigorous backtesting and AI-assisted optimisation. I sat down with several EA's for days.
Current Market Observations:
Summer markets remain quiet, though the dollar displayed tentative strength last week.
USDSGD presents a compelling opportunity: deeply oversold conditions suggest upside potential, with 1.30 as a realistic near-term target. Given the technical setup, we are maintaining our exposure and prioritising strategic gains over premature profit-taking. I won't be snatching at a small profit.
Forward Focus:
Concluding July’s performance with a focus on being greedy
Preparing to scale the refined strategy in August, leveraging AI-optimised risk parameters to balance conviction with capital preservation.
This work reflects months of disciplined refinement – combining quantitative precision with hard-earned trading principles. This is me sounding excited.
Watch this space 🙂 https://www.blackwave-forextrader.com
I have recently concentrated on enhancing algorithmic trading performance through rigorous backtesting and AI-assisted optimisation. I sat down with several EA's for days.
Current Market Observations:
Summer markets remain quiet, though the dollar displayed tentative strength last week.
USDSGD presents a compelling opportunity: deeply oversold conditions suggest upside potential, with 1.30 as a realistic near-term target. Given the technical setup, we are maintaining our exposure and prioritising strategic gains over premature profit-taking. I won't be snatching at a small profit.
Forward Focus:
Concluding July’s performance with a focus on being greedy
Preparing to scale the refined strategy in August, leveraging AI-optimised risk parameters to balance conviction with capital preservation.
This work reflects months of disciplined refinement – combining quantitative precision with hard-earned trading principles. This is me sounding excited.
Watch this space 🙂 https://www.blackwave-forextrader.com
· 1
Gary Comey
Weekly Market Update - Key Pair AnalysisAUDCHF: Slow but Steady GainsThursday’s 75-pip bullish candle lifted the pair to 0.5250, but weekend momentum faded.
The accumulated positive swaps continue to bolster returns, acting as a "hidden dividend" until trade closure.
USDSGD: Watching 1.2800The pair is retesting 1.2800—now official resistance, though price action lacks conviction.
Seasonal liquidity dips may explain the sluggishness, but our counter-trend stance stays valid.
Broader Market ContextEURUSD and others are stuck in tight ranges this last week, with even higher timeframes offering few extremes. Take the S&P500 too, very calm at all time highs.
This aligns with typical mid-summer trading: lighter volumes and reduced directional urgency. https://www.blackwave-forextrader.com
The accumulated positive swaps continue to bolster returns, acting as a "hidden dividend" until trade closure.
USDSGD: Watching 1.2800The pair is retesting 1.2800—now official resistance, though price action lacks conviction.
Seasonal liquidity dips may explain the sluggishness, but our counter-trend stance stays valid.
Broader Market ContextEURUSD and others are stuck in tight ranges this last week, with even higher timeframes offering few extremes. Take the S&P500 too, very calm at all time highs.
This aligns with typical mid-summer trading: lighter volumes and reduced directional urgency. https://www.blackwave-forextrader.com
Gary Comey
Weekly Market Update – Steady Progress Amid Quiet Markets
As we are at the mid-year mark, I’d like to take a moment to reflect. While this week has been subdued—particularly with US markets closed for Independence Day—our strategy remains firmly on track.
Year-to-Date Outperformance
Despite the recent slow pace, our capital growth for the first six months stands at 13.87%, ahead of the S&P 500’s returns over the same period. This reinforces the resilience of our approach, even in quieter market conditions.
Current Positions
USDSGD: Holding steady in our counter-trend longs. A break above key levels could accelerate gains.
AUDCHF: Patience remains key, but the accumulated swaps and controlled drawdown keep the risk/reward favourable.
Looking Ahead
With US participants returning next week, I expect liquidity to normalise. My focus remains on capital preservation and strategic opportunities—positioning us well for the second half of the year. Minimum balance is now €10,000.
Enjoy the rest of your week. https://www.blackwave-forextrader.com
As we are at the mid-year mark, I’d like to take a moment to reflect. While this week has been subdued—particularly with US markets closed for Independence Day—our strategy remains firmly on track.
Year-to-Date Outperformance
Despite the recent slow pace, our capital growth for the first six months stands at 13.87%, ahead of the S&P 500’s returns over the same period. This reinforces the resilience of our approach, even in quieter market conditions.
Current Positions
USDSGD: Holding steady in our counter-trend longs. A break above key levels could accelerate gains.
AUDCHF: Patience remains key, but the accumulated swaps and controlled drawdown keep the risk/reward favourable.
Looking Ahead
With US participants returning next week, I expect liquidity to normalise. My focus remains on capital preservation and strategic opportunities—positioning us well for the second half of the year. Minimum balance is now €10,000.
Enjoy the rest of your week. https://www.blackwave-forextrader.com
Gary Comey
Weekly Market Update: USDSGD: We remain in our long positions, with the market having dipped below the September 2024 low of 1.2788—likely triggering some short positions. A move back above 1.28 could force these shorts to cover, reinforcing our counter-trend strategy. Given the market’s oversold conditions, we maintain our stance.
AUDCHF: Our long positions continue, though the market remains weak and slow-moving. Upside appears limited to 0.58, but a move to this level would place all positions in profit. We are near full capacity in this trade, with drawdown well controlled. While June has not been highly profitable, the risk management remains sound.
Reminder: Minimum Balance Update: As previously communicated, the minimum account balance for new clients will increase to €10,000 effective Tuesday, 1st July. https://www.blackwave-forextrader.com
AUDCHF: Our long positions continue, though the market remains weak and slow-moving. Upside appears limited to 0.58, but a move to this level would place all positions in profit. We are near full capacity in this trade, with drawdown well controlled. While June has not been highly profitable, the risk management remains sound.
Reminder: Minimum Balance Update: As previously communicated, the minimum account balance for new clients will increase to €10,000 effective Tuesday, 1st July. https://www.blackwave-forextrader.com
Gary Comey
Weekly Performance Update
USDSGDThe market remains oversold. After testing last week’s high of 1.2895, it is finishing the week near 1.2870. Given the sustained oversold conditions, a measured move toward 1.30 appears realistic.
AUDCHFAUDCHF is slow. The positive swaps accumulating in our account are now substantial, adding approximately 1% in incremental profit while also lowering our average entry price. Patience remains key with this trade—something I have no issue maintaining.
USDCADOur legacy USDCAD positions are still fluctuating. Today, I closed one of the three positions. If USDCAD resumes its upward move, that would be ideal; however, if it retraces lower, I will look to re-add the final third position.
A quick reminder that July 1st marks the increase in the minimum balance for new clients from €5,000 to €10,000. This adjustment reflects the seriousness with which I approach trading and ensures that new clients share the same level of commitment.
Wishing everyone a pleasant weekend. Https://www.blackwave-forextrader.com
USDSGDThe market remains oversold. After testing last week’s high of 1.2895, it is finishing the week near 1.2870. Given the sustained oversold conditions, a measured move toward 1.30 appears realistic.
AUDCHFAUDCHF is slow. The positive swaps accumulating in our account are now substantial, adding approximately 1% in incremental profit while also lowering our average entry price. Patience remains key with this trade—something I have no issue maintaining.
USDCADOur legacy USDCAD positions are still fluctuating. Today, I closed one of the three positions. If USDCAD resumes its upward move, that would be ideal; however, if it retraces lower, I will look to re-add the final third position.
A quick reminder that July 1st marks the increase in the minimum balance for new clients from €5,000 to €10,000. This adjustment reflects the seriousness with which I approach trading and ensures that new clients share the same level of commitment.
Wishing everyone a pleasant weekend. Https://www.blackwave-forextrader.com
Gary Comey
My performance for June has been impacted by the risk-sensitive movements in AUD/CHF, compounded by last night’s Israeli military action. I expanded the grid but later closed the final position intraday. While I may re-enter if price retests the lows, we’re now approaching the weekend, and I believe it’s prudent to book profits and wait for liquidity to return rather than carry an enlarged grid over the break.
Even if the opportunity to re-add at the lows passes, the current grid remains well-structured, and as you know, the positive swaps continue to accumulate.
On a separate note, USD/SGD has rebounded from its lows but continues to find support. A retest of the 1.3150 area in the coming sessions wouldn’t be surprising—and if it occurs, it would be worth several hundred pips. Don't take my word for it of course. Trust - but verify! Have a good weekend. |https://www.blackwave-forextrader.com
Even if the opportunity to re-add at the lows passes, the current grid remains well-structured, and as you know, the positive swaps continue to accumulate.
On a separate note, USD/SGD has rebounded from its lows but continues to find support. A retest of the 1.3150 area in the coming sessions wouldn’t be surprising—and if it occurs, it would be worth several hundred pips. Don't take my word for it of course. Trust - but verify! Have a good weekend. |https://www.blackwave-forextrader.com
Gary Comey
Good morning,
As mentioned earlier this week, the minimum investment requirement will increase to €10K starting July 1st. Any accounts funded with less than this amount after that date will unfortunately not be eligible for trading. While this change may limit some smaller investors, I believe it will attract more serious, committed participants, which benefits everyone in the long run.
Market Updates & Position Overview
USDCAD
We’ve exited all short positions, leaving only two small hedges in place.
As planned, I’ve entered a third (and final) additional position around these hedges to establish a strong average entry.
The current average is now 1.4065, with positive swaps working in our favor.
Moving forward, we’ll ring-fence this trade and let it play out.
USDSGD
Price is hovering around the 1.28 level, which acted as key support in September 2024.
The market remains weekly oversold, presenting a solid technical setup.
We currently have 3 positions open (out of a possible 10) and are also collecting positive swaps.
AUDCHF
While the long-term trend remains downward, markets can overextend in the short term—and that’s precisely the opportunity we’re capitalizing on.
Our long position (intentional, not accidental) is benefiting from positive swaps and showing upward momentum this week after a brief two-week pause.
AUDCHF is our largest exposure, but drawdown remains well within control for this strategy.
Final Thoughts
I understand that some of you may have had doubts—especially a few weeks ago—but here we are:
✅ Collecting positive swaps
✅ Risk tightly managed
✅ Positioned patiently for the markets to deliver
As always, the key is discipline and patience. The strategy is working as intended, and I remain confident in the setup.
Join Us! https://www.blackwave-forextrader.com
As mentioned earlier this week, the minimum investment requirement will increase to €10K starting July 1st. Any accounts funded with less than this amount after that date will unfortunately not be eligible for trading. While this change may limit some smaller investors, I believe it will attract more serious, committed participants, which benefits everyone in the long run.
Market Updates & Position Overview
USDCAD
We’ve exited all short positions, leaving only two small hedges in place.
As planned, I’ve entered a third (and final) additional position around these hedges to establish a strong average entry.
The current average is now 1.4065, with positive swaps working in our favor.
Moving forward, we’ll ring-fence this trade and let it play out.
USDSGD
Price is hovering around the 1.28 level, which acted as key support in September 2024.
The market remains weekly oversold, presenting a solid technical setup.
We currently have 3 positions open (out of a possible 10) and are also collecting positive swaps.
AUDCHF
While the long-term trend remains downward, markets can overextend in the short term—and that’s precisely the opportunity we’re capitalizing on.
Our long position (intentional, not accidental) is benefiting from positive swaps and showing upward momentum this week after a brief two-week pause.
AUDCHF is our largest exposure, but drawdown remains well within control for this strategy.
Final Thoughts
I understand that some of you may have had doubts—especially a few weeks ago—but here we are:
✅ Collecting positive swaps
✅ Risk tightly managed
✅ Positioned patiently for the markets to deliver
As always, the key is discipline and patience. The strategy is working as intended, and I remain confident in the setup.
Join Us! https://www.blackwave-forextrader.com
Gary Comey
3.42% for May. Added to last months 5.21% Q2 is shaping up fairly well. Obviously we are out of the USDCAD short position...finally. A small hedge to clean up there and then that will be that. AUDCHF is going nowhere but those positive swaps are getting large now. This pair will be quite profitable and those SWAPS are money in the bank, and I can wait for it (as you know). I am liking the USDSGD long position. From the point of view of my strategy this is an A+ set up. Decent support around 1.28. Oversold as fu8k! Very good potential here. Find me here: https://www.blackwave-forextrader.com
Gary Comey
Good morning,
Today, I’ve included Blackwave California stats for reference—showing a long-term view dating back to 2016.
AUD/CHF: The slow consolidation continues, and we’re still benefiting from strong positive swap returns due to the carry trade. I’ve taken partial profits on some positions and re-entered around the 0.53 level as the pair fluctuated.
Cash position: Slightly higher.
USD/CAD: Now back below 1.39. I’ve re-entered the hedge at 1.3850 after closing it twice for profit. If it rises again, I’ll take profit once more; if it falls, that’s favourable, and I’ve adjusted the short-side Take Profit to 1.3635—a realistic target in my view.
With proper position sizing, even if USD/CAD experiences drawdowns, it can eventually retrace lower, testing as it did already levels like 1.47, 1.46, 1.45, and so on, down to 1.36–1.34 over time. Eventually all stations on the graph get visited, think about it!
Join me: https://www.blackwave-forextrader.com
Today, I’ve included Blackwave California stats for reference—showing a long-term view dating back to 2016.
AUD/CHF: The slow consolidation continues, and we’re still benefiting from strong positive swap returns due to the carry trade. I’ve taken partial profits on some positions and re-entered around the 0.53 level as the pair fluctuated.
Cash position: Slightly higher.
USD/CAD: Now back below 1.39. I’ve re-entered the hedge at 1.3850 after closing it twice for profit. If it rises again, I’ll take profit once more; if it falls, that’s favourable, and I’ve adjusted the short-side Take Profit to 1.3635—a realistic target in my view.
With proper position sizing, even if USD/CAD experiences drawdowns, it can eventually retrace lower, testing as it did already levels like 1.47, 1.46, 1.45, and so on, down to 1.36–1.34 over time. Eventually all stations on the graph get visited, think about it!
Join me: https://www.blackwave-forextrader.com
· 1
Gary Comey
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|
· 1
Gary Comey
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|
Gary Comey
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/
Gary Comey
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
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