Trading Journal: 6 Wins and 7 Losses for a Very Small Weekly Profit

7 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

A hard trading week is behind us. Thanks to the excellent Money Management approach with Black Widow trading, we ended the week around BE (break-even).

The negative pip count is mostly due to Gold as the pip calculation is different than in Forex. The Final result is 6 Wins, 7 Losses, -394 pips but +0.89 % gain.

17-Week Trading Result: 146 Wins & 56 Losses

The Black Widow uses a special money management method called: Inverted Pyramiding or Controlled Martingale. 

Members who are with the ecs.LIVE have a complete understanding of the Inverted Pyramiding management. 

This way we ensure that even if the trading week is not easy to trade, we can get positive results or at least keep any loss small. 

Although this week ended up at around break-even, the total 17-week result remains staggering with 146 wins (72.3.%) and only 56 losses (27.7%).

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

1Dec 14AUD/JPYLong78.30.50Win23
2Dec 14AUD/USDLong0.75330.50Win18
3Dec 14GBP/JPYShort139.30.50Win40
4Dec 15GBP/JPYLong138.780.50Loss-48
5Dec 15GOLDShort18450.50Loss-150
6Dec 15EUR/AUDLong1.61150.50Loss-85
7Dec 15GOLDLong18481.00Loss-120
8Dec 16NZD/CADShort0.90551.00Loss-15
9Dec 16EUR/AUDLong0.61091.00Loss-71
10Dec 16NZD/CADShort0.9072.00Win20
11Dec 16EUR/AUDLong1.60991.00Loss-61
12Dec 17NZD/JPYShort73.93.00Win30
  13Dec 17NZD/JPYShort73.841.00Win25

As you can see, 6 out of 13 trades are winners. 

We haven’t had a single losing month since the inception of the Black Widow. But you need to know that losing months are perfectly normal and when they happen they will be reflected 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

Due to the specific nature of the Black Widow system we trade with Inverted Pyramiding money management. This week’s saviour was the NZD/CAD which made 55 pips with 4.5 % total risk.

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.

Secure Your Black Friday Discount Now!

Cheers and safe trading,
Nenad

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