Trading Journal: A Hard Battle Between Black Widow and the Markets

7 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

This week has been a bit nervous due to upcoming US elections and Trump tweets. 

During the week, Friday was the decision day for the Black Widow. How did it end up? Let’s review the trading statistics and trade of the week.

8-Week Trading Result: 63 Wins & 21 Losses

Until the last day of the week, we have been showing positive results all week long. However, on Friday we scored 3 losses which have marked the first losing week for the Black Widow in months. 

This is the summary of our trades with the ecs.LIVE channel group. Here is the table:

1 Oct 5 EUR/AUD Long 1.6405 0.50 Loss -35
2 Oct 5 EUR/NZD Short 1.774 0.50 Win 25
3 Oct 6 AUD/USD Long 0.7155 1.00 Loss -40
4 Oct 6 AUD/JPY Short 75.55 0.50 Loss -40
5 Oct 7 GOLD Short 1895 1.00 Win 60
6 Oct 7 AUD/JPY Short 75.6 0.50 Loss -42
7 Oct 8 NZD/USD Short 0.659 0.50 Win 17
8 Oct 8 NZD/USD Short 0.6584 0.50 Win 17
9 Oct 8 EUR/AUD Long 1.641 0.50 Loss -45
10 Oct 9 EUR/AUD Long 1.6413 0.50 Loss -48
11 Oct 9 NZD/USD Short 1.661 0.50 Loss -30

 

As you can see, 4 out of 11 trades are winners. The extreme accuracy just came short on Friday where the unfortunately 3 losses have happened. I am sure the next week will be better. Let’s see.

Here is the screenshot of the new Black Widow live account and you can follow it here

Due to the specific risk portfolio of each trader, I urge you to take a look at our SpreadSheet where I have been thoroughly writing down each trade I send in the Telegram channel.

Black Widow Trade of the Week

The best trade was GOLD. It was an excellent trade, scoring 60 pips with 1 % risk.

The final pip count was even higher (as you can see in the chart) but as Black Widow likes to trap the profits and secure them once they are made! 

Two out of three TF indicators have been aligned during the real time just after the reverse signal and we scored a nice win here. Gold kept making great opportunities even in Asian markets, but I couldn’t have traded it as I was sleeping during the Asian session.

To get a much deeper understanding of the Black Widow please read this article. If you are interested in taking your trading to the next level with me as your mentor, then you can get both the live trading setups and CAMMACD system that generates them via our website.

Cheers and safe trading,
Nenad

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