The positions below represent the institutional positions held as of October 8th 2019!
š In the Markets: This week we experienced some very interesting moves in the markets that were right in line with what we spoke about in last weekās report. Basically the current theme in play with most of the market is profit taking on massive positions. Weāve taken a deep look at previous #CFTC data and matched it up with historical supply/demand and made some amazing revelations. What we discovered was that there is a specific pattern that the institutions follow when they start the process of profit taking. On Fridayās Forex Market Outlook session we went into this in a little bit of detail and I think itāll be worth the watch!
Weāve closed some of our positions anticipation for these reversals to take place form the profit taking and this week we can see that this was perfectly timed. We are still opening short positions on #gold as it continues to play out in our favour and as the charts and data continue to play along with the current theme. In the latest session we did we discussed the risk on these trades and how we look at risk when dealing with theme trades. Having so many positions open and all in one direction seems risky unless you understand the mechanics of the theme trade and how risk is managed. It all comes down to understanding market dynamics and how the market structure is formed.
Getting back to the markets, itās likely we see the momentum that was building this week continue into this coming week. #gold will likely continue its fall as it has opened up the doors for the drop by removing opposing demand. The #dollar has shifted momentum on the daily chart which opens a path for a move lower and the #eurusd has the opposite taking place. The #gbpusd showed great strength this week and this I what we were speaking about in the outlook session dated September 20th 2019, we outlined the high probability of the #gbpaud, #gbpcad and #gbpnzd rallying higher and we now see that this has taken place. This analysis was all based on the market dynamics and by the analysis of the #cftc cot report. It all comes down to whether you know what to look for and we looked for the right things and are now being paid for our efforts. The portfolio is at equity highs and currently sitting at +43% return.
This coming week will be fun!
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