Good morning,
As mentioned earlier this week, the minimum investment requirement will increase to €10K starting July 1st. Any accounts funded with less than this amount after that date will unfortunately not be eligible for trading. While this change may limit some smaller investors, I believe it will attract more serious, committed participants, which benefits everyone in the long run.
Market Updates & Position Overview
USDCAD
We’ve exited all short positions, leaving only two small hedges in place.
As planned, I’ve entered a third (and final) additional position around these hedges to establish a strong average entry.
The current average is now 1.4065, with positive swaps working in our favour.
Moving forward, we’ll ring-fence this trade and let it play out.
USDSGD
Price is hovering around the 1.28 level, which acted as key support in September 2024.
The market remains weekly oversold, presenting a solid technical setup.
We currently have 3 positions open (out of a possible 10) and are also collecting positive swaps.
AUDCHF
While the long-term trend remains downward, markets can overextend in the short term—and that’s precisely the opportunity we’re capitalising on, in other words position/swing trading using our Blackwave grid.
Our long position (intentional, not accidental) is benefiting from positive swaps and showing upward momentum this week after a brief two-week pause.
AUDCHF is our largest exposure, but drawdown remains well within control for this strategy.
Final Thoughts
I understand that some of you may have had doubts—especially a few weeks ago—but here we are:
✅ Collecting positive swaps
✅ Risk tightly managed
✅ Positioned patiently for the markets to deliver
As always, the key is discipline and patience (and having a strategy that doesn’t feel like you are wearing a cheap suit :-)). The strategy is working as intended, and I remain confident in the setup. Enjoy your weekend.