Genesis Clients' Update - November
Originally shared with internal clients on Nov 3.
The week has been wonderful.
We now are witnessing a marked change to our account and positions and I really expect things changing to our advantage from here on.
The AUD/JPY chart I have been giving as a way of assurance and future expectations has behaved to a T.
The price has shot up strongly and reached the pink box (it has retraced a bit but note that it takes a lot of effort to push the price so high). This movement has a hidden meaning per my research and observations. The current price rally is indicating silently that the selling season by market makers is now over.
This sharp up-move now, I believe, is the first leg in the price mark-up process on both AUD and NZD. Can confidently expect more price appreciation on intervals and this can continue for at least 6 months.
Here is the outlook I am projecting basing on price model:
In the next 2-4 weeks, can expect the drawdown to be under 5℅.
From 1-2 months, would have closed some losing open trades into profit. And would be making new equity highs.
In 2-4 months, close all old trades into profit. Keep riding up on the price trend for new highs
4-6 months, unwind AUD and NZD completely
About the Author
Ramesh is an active trader producing over 200% gain in 2017 and author of 3 trade strategy development books sold on Amazon. He is the creator the 10/20/30 Rule™ that could transform a mediocre trading system to become a top performer by following a systematic and thoughtful approach on strategy development.
Books By Ramesh Selvarajoo