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Stephen Moratti
KISS Weekly Update 10 June 2017
Gain for the week 18.5%
Current Draw-Down 18.5%
Month to date Gain 27% $897
The UK Election made for an exciting week this week. The loss of the Conservatives majority caused the GBP to fall rapidly as the votes were being counted. As I had positioned for the Conservatives retaining their majority this lead to a very brief peak draw-down of 30%. However, when the market over reacts like this, as it often does, there is always a pull back and we profited nicely from this making an 8% gain for the day.
EUR
The EURUSD pair has started its pull back. It has some good support at 1.11500, but if it breaks through that it could go to 1.10000. We’ll look to start buy trades when a reverse looks imminent.
GBP
The GBPUSD dived during the vote count; however the Conservatives have remained in Government after forming a coalition. This will likely see a softer pull out of the European Union than if they had increased their majority. I don’t see that the fundamentals have significantly changed so we should see a return towards the 1.30000 levels over the coming weeks.
NZD
The NZDUSD may be reaching a peak soon, so we’ll keep an eye out for a pull back. The fundamentals of the NZ economy are still strong.
JPY
The JPYUSD has commenced its rise and may pull back up towards 111.000 or even 112.000. We’ll look for sell trades when a reverse look imminent.
GOLD & SILVER
XAUUSD had a sharp pull back in the second half of the week and is looking likely to come back to 1260, but if it breaks through this also it could come back as far as 1247. XAGUSD could pause where it is or carry on down to 17.000 or even as low as 16.830.
We’ll wait for a reverse to show for these and ride it back up again.
Both GOLD and SILVER are contributing to the current 18.5% draw-down, but this is not a major concern as the long term trend for these is upwards.
USD
In spite of some short term gains at times the USD fundamentals are not great while the Nation Debt continues to grow. Currently sitting at $19.938 Trillion the US Government is looking like hitting the debt ceiling in early August, which is why I’m going long on the USD at all at present.
Gain for the week 18.5%
Current Draw-Down 18.5%
Month to date Gain 27% $897
The UK Election made for an exciting week this week. The loss of the Conservatives majority caused the GBP to fall rapidly as the votes were being counted. As I had positioned for the Conservatives retaining their majority this lead to a very brief peak draw-down of 30%. However, when the market over reacts like this, as it often does, there is always a pull back and we profited nicely from this making an 8% gain for the day.
EUR
The EURUSD pair has started its pull back. It has some good support at 1.11500, but if it breaks through that it could go to 1.10000. We’ll look to start buy trades when a reverse looks imminent.
GBP
The GBPUSD dived during the vote count; however the Conservatives have remained in Government after forming a coalition. This will likely see a softer pull out of the European Union than if they had increased their majority. I don’t see that the fundamentals have significantly changed so we should see a return towards the 1.30000 levels over the coming weeks.
NZD
The NZDUSD may be reaching a peak soon, so we’ll keep an eye out for a pull back. The fundamentals of the NZ economy are still strong.
JPY
The JPYUSD has commenced its rise and may pull back up towards 111.000 or even 112.000. We’ll look for sell trades when a reverse look imminent.
GOLD & SILVER
XAUUSD had a sharp pull back in the second half of the week and is looking likely to come back to 1260, but if it breaks through this also it could come back as far as 1247. XAGUSD could pause where it is or carry on down to 17.000 or even as low as 16.830.
We’ll wait for a reverse to show for these and ride it back up again.
Both GOLD and SILVER are contributing to the current 18.5% draw-down, but this is not a major concern as the long term trend for these is upwards.
USD
In spite of some short term gains at times the USD fundamentals are not great while the Nation Debt continues to grow. Currently sitting at $19.938 Trillion the US Government is looking like hitting the debt ceiling in early August, which is why I’m going long on the USD at all at present.
Stephen Moratti
My registration for seller status has been approved!
My signal, KISS, is now available. https://www.mql5.com/en/signals/297257#!tab=trading
My signal, KISS, is now available. https://www.mql5.com/en/signals/297257#!tab=trading
Stephen Moratti
A good result in May, up 45%, which includes the 6% loss closing the CALM trades. A good start to June already up 7%. The registration process for Seller status is taking a long time. I hope that we can have it completed soon. My signal is called KISS.
Stephen Moratti
2017.06.07
No, I stopped at the end of April, and closed off the last of his trades in May when the GBPUSD dropped to an acceptable level. CALM closed at the peak of the GBPUSD with a 25% loss for the month.