Trading Journal: 2021 Started With Profits

7 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Another winning week. The week has been positive with 1.67% ROI (return on investment). 

Thanks to an excellent money management system we use in ecs.LIVE trading rooms, we have been able to weather all sorts of storms that the market might present to us

The negative pip count is mostly due to Gold as the pip calculation is different than in Forex. The Final result is 4 Wins, 4 Losses, -150 pips but +1.67 % gain.

9 Wins 5 Losses For the Start of 2021

It could be strange seeing -150 pips but a positive score on the account. This is due to our Gold trades, which has a different pip count to Forex (200 pips in Gold equals to 20 pips in Forex).

However, the more important thing is that we use so-called inversed pyramiding or controlled Martingale money management. 

Due to the accuracy of Nenad’s trading system, the result is almost always on the positive side. You can check 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.

Trade Summary

1Jan 4GBP/NZDLong1.8940.50Loss-80
2Jan 4EUR/USDShort1.2291.00Win22
3Jan 4GBP/NZDLong1.89980.50Loss-38
4Jan 5GBP/JPYLong139.951.50Win30
5Jan 5NZD/CADLong0.91951.00Win20
6Jan 6GBP/CADLong1.7260.50Loss-60
7Jan 6GBP/JPYLong139.91.00Win53
9Jan 7EUR/NZDShort1.6920.50Loss-36
10Jan 7GBP/AUDShort1.7550.50Win33
11Jan 7GBP/AUDShort1.75570.50Win37
12Jan 8AUD/CADShort0.98650.50Win10
13Jan 8GOLDLong18900.30Loss-200
14Jan 8AUD/CADShort0.98660.50Win12

Trade of the Week: GBP/AUD

The GBP/AUD was the trade of the week, giving us a total of 70 pips. The alignment of Nenad’s discretionary calls gave us excellent and well executed trades in the GBP/AUD.

To get a much deeper understanding of the Black Widow please read this article. You can get both the live trading setups and CAMMACD system that generates them via our website.

Cheers and safe trading,

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