Sad news that simple trader is to close. I have been a signal provider here since 2015. Since then a lot of signals have come and gone making wild promises along the way. I wish Nick and the gang the very best of luck. At one point I was doing live webinars for him a few times per week from a golf course in Carlow, Ireland :-).
Best of luck to us all and a BIG BIG thanks to my copy traders.
NEVER QUIT, NEVER STOP, THERE'S ALWAYS A WAY. You can still copy Blackwave at the links below.
Blackwave Pacific must be one of the oldest signals in this platform at this stage. Since 2016 I've made two large withdrawals and bought two apartments in Portugal with cash. Now Blackwave has €270k worth of property in the Algarve. My accountant tells me they are now assets on the balance sheet. Truely the quickest way to get rich is the slow way over years not months.
We've still got $120K skin in the game for this account and moving to the final quarter of 2020.
Posted by UniversalFx
178 days ago
Growth: 72.96% - Drawdown: 8.00%
Monthly Update From UniversalFX Signal; As you know, UniversalFx system only open position when a clear/strong signal is traced. As the system description, some month can have 25 trades, next month can have 5 trades..
At the beginning of March to mid-march give us 12 nice trades who result of good profit as usual.
Since around March 15 until today , EUR/CHF is staying flat/ranging between 1.0650 & 1.0550. During this kind of unclear period, it's sure of the system will not open positions..
Posted by BSR FX
196 days ago
Growth: 80.54% - Drawdown: 12.35%
Hello, I provide you the update of my signal BSR FX. Within these few days, the market was very high volatility, approx 4 times to 5 times than normal. Only small number of trades, until everything getting back to normal again. Thanks.
Looks like we could end up closing the week not to far from where we began. To be frank the last few months have not gone according to plan. First we had the GBPCHF DD in November and now we seem to have stumbled into the collapse of the equity markets so the usual plan of buy on oversold has been tested with prolonged flight to safety assets such as the Franc. I thought we could skim a little from CADJPY and earn overnight interest while we waited on EURCHF and stumbled into the collapse of OPEC and CAD is hugely affected by the price of Crude Oil. On the same night as the collapse of OPEC North Korea launched a missile strengthening the Yen further. WOW a perfect storm. Today we find that anyone who has ever bet on the end of the world...or me, was wrong...again. Markets are moving away from extreme levels at least as I write this and governments are starting make hard decisions. With one death the Irish government has closed all schools. The Italian government has closed.....well Italy!
I can point to two things. 1. We are alive, and that's saying something given we've had incredible drops in equity markets even before yesterday's biggest drop in the Dow Jones Industrial Average since the 1987 Wall Street crash (I was 12 years old). 2. A recovery in our position puts us head and shoulders above above the S&P500 which has destroyed trillions of dollars in global wealth.
Although it is far from over what we all need to learn from moments like this is what our risk profile is. Are we "High Risk" guys or are we just "High Return" guys because lets face it everyone is high return. Trading Forex is risky to begin with even in the "low risk" account. My bank manager thinks the sharp ratio in the low risk account is incredibly risky though she is comparing it to buying German government bonds. I for one am prepared to risk it because the returns over time have not been achievable anywhere else in my life. As surely as trading conditions have been difficult they will improve again and I for one will still be there.
Pesky markets insist on panicking over this virus but I guess it did get ahead of itself. With the VIX at 49 it felt a bit like capitulation so I held my nose and bought EURCHF again. Having not blown up like many traders we have the equity so it felt time to be a little brave. Friday’s can be brutal as investors don’t like holding positions into the weekend.
I’m not saying that it’s all sunshine from here but perhaps there will be a few solid plans next week from the U.S administration and the E.U. It appears that the virus is finally stable in China. Perhaps in the summer we will look back at the panic as yet another panic we overcame. I have good hope that we will get out of our CADJPY positions even while we wait for EURCHF. As I write the final positions in both pairs are showing a profit. https://www.myfxbook.com/members/Lazard/medium-risk-blackwave-pacific/1364641
February Cash +1.14%: This represents the worst month since January 2018 and we end it in a DD. Risk correlated assets are having a volatile time but are mostly increased in price. What saves us as always is position size. Individual days are largely random and depending on news flow about the Corona virus. Lets face it this will be a pandemic if it is not already one. Our particular interest is in how it affects financial markets and on that score I feel governments will try to backstop the selling before the stock market itself becomes a systemic risk. A March rate cut by the FED is already fully priced in before they even open their mouths. The S&P 500 sliced through the 200 day M.A and stopped at the next support level being the October 2019 low. In fairness markets had gotten way ahead of themselves so I guess if it was not the Corona virus it would have been something else. I am not a doctor but I know a little about markets and this too shall pass. I don't know what the excuse will be for the retracement, the FED, the White House or some other news flow but all of a sudden prices will look rediculous and the market will retrace because guess what? The markets have gotten a way ahead of themselves on the downside too. I'm glad not to be one of the traders who blew up this week. If I get hit by a bus tomorrow my last two words are "position size". https://www.myfxbook.com/members/Lazard/blackwave-alpine-mam/2307396
In another property related transaction I will like be making a second $100K withdrawal from this account in the coming weeks. I will be maintaining the same risk level with the reduced balance so position sizes should not be affected however it will be worth keeping an eye out for any changes to your own position size.