Trading Journal: Black Widow Traps 73 Pips In the Net

9 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

Black Widow continues to reign. Despite the internet problems which I had with one trade (my internet connection was cut off), the outcome last week was once again positive.

Let’s review the stats and the trade of the week with the highly awaited Black Widow.

5-Week Trading Result: 40 Wins 9 Losses

Being fully focused on the Black Widow system, both myself and traders who subscribed to our ecs.LIVE has been enjoying nice gains. The week has given us a total of 73 net pips. We have had another good one. 

This is the summary of our trades with the ecs.LIVE channel group. Have in mind that the 2nd trade GBP/CAD should not have been the loss if my internet had been working fine.

1Sep 14AUD/NZDLong1.0880.5 % riskWin15
2Sep 14GBP/CADShort1.69450.5 % riskLoss-50
3Sep 14GBP/CADShort1.6940.5 % riskLoss-55
4Sep 14GBP/AUDShort1.7692 % riskWin30
5Sep 14GBP/CADShort1.6961 % riskWin20
6Sep 15EUR/AUDLong1.6240.5 % riskLoss-40
7Sep 15AUD/JPYShort77.40.5 % riskWin25
8Sep 15AUD/JPYShort77.30.5 % riskWin20
9Sep 16GBP/NZDShort1.92550.5 % riskWin35
10Sep 17AUD/NZDShort1.08750.5 % riskWin24
11Sep 17EUR/USDShort1.180.8% riskLoss-50
12Sep 17GBP/AUDShort1.7750.5 % riskWin27
13Sep 17GBP/AUDShort1.7750.5 % riskWin27
14Sep 18GBP/NZDLong1.910.5 % riskWin45

 

As you can see, 10 out of 14 trades are winners (10 out of 13 without the unusual internet problems). Have in mind that this is purely intra day trading system which has algo based indicators.

This is the Black Widow system which has been completely custom coded with the help of our coder Carlos Cordero. I have summarized a bit of each system into the Black Widow™ making it completely suitable for both trending and ranging market conditions. 

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 Next Generation is Here

To get a much deeper understanding of the Black Widow please read this article.

I also made a webinar where the Black Widow was presented. I think you might find it interesting. We have uploaded it to our YouTube channel.

The Black Widow uses custom coded indicators to measure both trend and volatility of the markets. We know exactly where the markets will reverse thanks to our exclusive combo of camarilla pivots and ATR levels (Reverse indicator). 

We also use the custom coded 3 MTF indicators for trend and range filtering. The system is algo-powered and this means that you can take high accuracy trades during both range and trends. 

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.

Black Widow Trade of the Week

The best trade was GBP/NZD. It was an excellent trade, scoring 45 pips with our trade management. The final pip count was even higher but as Black Widow likes to trap the profits and secure them once they are made! We also had combined entries on other markets such as the GBP/AUD which have scored 54 pips combined.

The main difference from previous systems is that entries, targets and stops are dynamic, which means that we might change stops and targets once we take the trade. The basic premise is taken from the market conditions which have changed a lot due to the biggest crisis since the GFC.

If you are more interested in the Black Widow and our live trading setups check out our website

Cheers and safe trading,
Nenad

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