Trading Journal: Rough Start of the Week Turned into Profits

7 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

a rough start of the week turned into a profitable one. How? 

Thanks to intraday volatility and algorithms of the Black Widow system. It was a hard week due to the Brexit rollercoaster but it ended up well.

During the week, Friday was the decision day for the Black Widow. Let’s review the trading statistics and trade of the week.

8-Week Trading Result: 71 Wins & 26 Losses

Until October 12, we had a losing streak. It was a hard week at the beginning as JPY trades scored losses. But after October 12, we had 6 wins in a row and turned the tide of the battle. 

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

1Oct 12GBP/NZDLong1.9552.00Win40
2Oct 12EUR/NZDLong1.7741.00Win30
3Oct 12AUD/JPYLong75.950.50Loss-40
4Oct 12EUR/JPYLong124.40.50Loss-50
5Oct 13EUR/JPYLong124.370.50Loss-50
6Oct 13GBP/CHFLong1.18552.00Loss-55
7Oct 14GBP/USDLong1.29851.00Loss-45
8Oct 14GOLDLong1889.53.00Win80
9Oct 14GBP/USDLong1.2920.50Win45
10Oct 14GBP/USDShort1.3020.50Win45
11Oct 15EUR/NZDShort1.77450.50Win10
12Oct 16GBP/AUDLong1.82250.50Win15
13Oct 16GBP/AUDLong1.82250.50Win15

 

As you can see, 8 out of 13 trades are winners. It was at the end in profit scoring approximately +0.72 % ROI, depending on the risk taken.

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 again – GOLD. It was an excellent trade, scoring 80 pips with 3 % 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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