Genesis Asset Clients' Update - November Part II

We are back on track. From here I will be driving for higher growth on our investments.

We saw a big run up on NZD for the last 2 weeks and were able to close the old positions on NZDUSD, NZDCHF and NZDJPY.

I would say the NZD strength is only at a mid point today. So there's plenty of upside on this for next 2 or 3 months and I plan to capture a big part of it.

AUD has been lagging NZD which is natural as the pairs are not directly correlated. AUD is just coming out of the consolidation right now and I expect it to be active going forward.

I'm anticipating AUDJPY to leap to 83.5 and AUDUSD to .74 near term.

AUD/JPY 4-hourly chart

AUD/USD 4-hourly chart

It's going to be exciting to see it (aud) move.

I have also included EUR and GBP to the mix on a smaller scale for diversification and seeing hidden growth potential.

On Nov 3rd, I gave my outlook on our positions (basing on my price model), and here is the current status and the milestones achieved to date (in blue):

  • In the next 2-4 weeks, can expect the drawdown to be under 5℅

  • Brought down the drawdown to <3% from high water mark

  • From 1-2 months, would have closed some losing open trades into profit. And would be making new equity highs.

  • ​Losing trades closed with either BE or profit on NZDCHF, NZDUSD & NZDJPY ahead of schedule.

  • New equity high is within reach and on schedule

  • In 2-4 months, close all old trades into profit. Keep riding up on the price trend for new highs

  • ​Planned

  • 4-6 months, unwind AUD and NZD completely

  • ​Planned

GAM will continue to trade well and produce outstanding results. The strategy has been extremely resilient even during adverse market conditions. That is why GAM is still trading the market for over 2 years since inception.

Thank you for your support and patience.

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

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