Trading Journal: Small Loss Can’t Slow Down Positive Momentum

6 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Last week was again a bit ranging and whipsawish. But our trades did manage to close positive by the end of the week. In the end, we reduced the losses to -144 pips with 0.5 % risk.

This article explains our ecs.LIVE performance, my newly updated Black Widow system, and the best trade of last week.

Live Account: 5 Wins, 8 Losses

Last two weeks have been very positive and last week’s small loss still can’t hurt the ecs.LIVE’s performance. 

As I moved completely to CAMMACD Black Widow trading, I have also been sending signals from the system directly to the channel. For that purpose, I have opened a Live account with Milton Markets which will be exclusively traded by me. All the signals which I will be sending (and have been sending) to ecs.LIVE telegram channel will be taken on this account too. 

Because the markets have changed due to COVID-19 and huge tension between China and Australia, with upcoming US elections, I have decided to also start a new 50.000 USD account which will be fully verified with myfxbook. Here is the screenshot of the account and as soon as it has been verified by the MyFXbook you will be able to follow it.

Regarding the older account that I have been trading, I have decided not to add any money as I have already made 90k and withdrew it so I started with 10k again.

After the 90k profit withdrawal, I again started to trade with 10k and I almost lost it, but thanks to my new system which has been performing very well even in crazy market conditions, I am on a  good way to recover it. The account has been almost 2 years old.

From 10k my account has been up to 100k and after a withdrawal of 90k profits, at this point it’s close to 4.5k again. My plan is to bring it up above 10k again. 

See the screenshot (above) of myfxbook Live Account (Verified). *DrawDown is from profits, not from the deposit as 90.000USD profits have been withdrawn, so I’m trading with 10k only. 

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.

Codename: Black Widow

Due to extreme uncertainty in the markets caused by extraordinary world events such as COVID-19, I needed to readjust some of the methods that I have been using successfully.

The system has been completed and will be advertised on our website soon. The system consists of 5 indicators which have been coded to adjust to PRESENT conditions. Have in mind that the system is INTRADAY and targets are adjusted based on the ATR and dynamic Camarilla pivots.

Some months are good some are bad but without adapting it is impossible to be profitable. 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

Multiple trades have been taken with the majors, namely GBP/USD. As the system is dynamic as the price action, sometimes we take multiple entries. Two entries have been executed the same day and both went into big profits, lowering the last week’s drawdown. 

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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