Gary Comey / Profile

Cash higher this week due to closing profitable hedges. It demonstrates the new safety features of Blackwave Algarve and the cash increase is nice but incidental with risk control being the most important news. Almost 3% for January so far.

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$EURCAD influenced by $EURUSD which itself is reflecting the recently weakening greenback. Overbought now at 1.08 just as it was oversold at 0.96. There's simply no point adding another $EURCAD position so close to the last. Positive SWAP's accumulate.

$USDJPY also a recipient of greenback selling. I've spread these positions wide. Eye on next Tuesday's #BOJ meet and some rumours of a less dovish tone hence I will keep the small hedge going into Tuesday and see. If $USDJPY rises the hedge is easily paid for. #skininthegame

2.46% so far for January. The theme this week as been dollar strength hence profit on our short $NZDUSD positions and now correlated short $EURCAD trades improved to a 5% DD helped by strong CAD unemployment data today.

I'm watching $EURUSD more generally as a theme for other trades and on weakness I began adding long $USDJPY trades today. I see it briefly traded below 1.05 but further $EURUSD weakness helps our two baskets. Hoping to get Algarve above €200K in January from €164K in September.

I added another $EURCAD position yesterday but we will probably have to let thin holiday markets pass to see action next week. Happy New Year from Portugal. I wish you everything you wish for yourself. Focus more on dreams and less on fear in 2023.

I’ve taken off the $EURCAD hedges as the DD drops towards 10%. They have added about 1% so far in December. Usefully $NZDUSD is rolling over & if we get the chance over the holidays it has the potential to advance the cash nicely.

Hi 👋. 12th up day in a row for $EURCAD since becoming overbought daily, now sits at RSI 87. DD is about 17% so that’s the new position sizes and distancing working. The hedges were used to reduce risk, increase cash and improve equity.

I’m not keen to sell more $EURCAD until I see a technical break. $NZDUSD had a nice technical break lower so hopefully this is the swing lower we are looking for. 2 positions in profit so far.

The only issue here is the holiday period and barring a major event the drying up of market participants and liquidity and lack to committing to major moves. Stay warm if you’re in Europe. This was the scene in Budapest earlier this week 🥶

$EURUSD has been ranging from about 1.0460-1.0560 for a week hence our two positions are doing something similar. Next week sees #ECB and #FED rate decisions and some price action.

As per the new Algarve strategy there’s a small hedge on $EURCAD. This is because of a 10% DD. The grid will continue to hedge up to 1/3 of the position also on a grid, IF the DD reaches 35-40%. This is a new safety feature.

A 6% advance in cash in November. I’d like to get the cash above €200K in the next few weeks but safety is most important. You may notice I’m less inclined to sell into rallies. Patience patience.

Strategy and position size are most important. That said $NZDUSD may be attempting a swing lower high vs Aug 0.6468. $EURCAD more complicated but taking leadership from $EURUSD too. I am hoping for one more win for the books in November towards 6.5-7%.

All trades closed for now. Back to cash. 6.11% for November has beaten October’s 5.99% with a few days to go still. Those who never withdraw get exponentially compounded returns but all of your money is always at risk. Some withdrawals are healthy.

Not much point in jumping into anything new on a Friday afternoon. Long $USDCHF into the weekend with a 0.02% DD, a 1% week and 5.77% growth for November so far. There should be more in $USDCHF in the coming sessions.

4.66% gain for the month so far which is not bad for just the 11th of the month. BIG $EURUSD wins yesterday . I began Blackwave Algarve with €164K while on holiday in Greece a month ago. Current #skininthegame €180K. Puts me on track to give another €10K to
St. Kevins boy school.

Quiet enough ahead of #NFP. We’re just in one basket $EURUSD, and six positions into it using lower position sizes. DD about 3%. In case of a further decline today I will not be adding more positions until I see stability.

Boo 👻Almost 6% so far this month for #Blackwave Algarve. There seems to be a pause in price action while we wait to see if Dollar weakness is a new trend or not. Previous $EURUSD resistance is now support at circa 0.9840.

I could trade other pairs eg. $USDCHF but it's basically all a dollar story across major and minor forex pairs. As you know I won't trade exotics or #Bitcoin :-) Happy Halloween.

Good day. Trading Resumes this evening with EURUSD.

All trades closed for now. Back to cash. Those who never withdraw get exponentially compounded returns but all of your money is always at risk. Some withdrawals are healthy.

Strong dollar is the running theme though AUDUSD is showing some signs of hesitation. The weekly candle is inside the range of last weeks candle. USDCHF advance is now into an area of heavy congestion going back to 2015 and I am not in a hurry to add to the single sell position until there's evidence of exhaustion/reversal. Weekly Stats: All in €170K #skininthegame

Amazing to see that #Blackwave California turned a profit with GBPCHF. The little engine that could! Blackave Algarve is where most of the money is now and we're at about 3% so far for the month. Calm and patient trading taking account of the widening ATR across many pairs.

After 5 years and $265K in profit withdrawn Blackwave Pacific has “failed” as a result of the recent extreme moves in the Pound vs my strategy. Still the original deposit was $5k and people doubted it roughly once per month for five years until they were eventually “correct”. God speed, Blackwave Pacific changed my life, built school yards and bought Portuguese property and was a major cash cow.

The managed accounts also failed though withdrawals were several million dollars higher than deposits by the time they did fail. This is not a business for the faint hearted but in an industry famous for smoke and mirrors the only honest thing to do was have my own skin in the game.

We begin again with renewed confidence and will fund Blackwave Algarve not with $5K but this time wth €150K and a number of safety amendments. PM me if you’re brave enough.

“The person who risks nothing does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change and grow and love and live.”

~ Leo F. Buscaglia

Consilio et Animis

#skininthegame