Pros and Cons

I need to be humble admitting that no Model is perfect and although the odds are in our favor with accuracy of over 90%, we are still dealing with risks, and these risks need to be managed.
I would like to stick to my rule since I started this blog, and avoid going into details as to how to trade and manage a portfolio based on the calls generated by my model.


EUR/USD 1.10:
Although I insisted on my previous posts to sell the EUR/USD, the model failed to predict the comeback the Euro had in the last two weeks back to 1.1450. Having said that, I didn't change my view to sell the EUR/USD on the highs and that opportunity came in this week to sell again above 1.14 all the way down to close the week at 1.10.

Dow 18232:
No change in my view on the Dow. The model keeps predicting a sell-off in the market despite the new highs we in.

Oil 59.92:
Oil keeps holding at a 60 level from our previous long call at the mid 40's. The coming days and weeks will determine if Oil will keep rising or will it re-test the previous lows.

1500 Points($15)gain for Oil

Oil gains 1500 points ($15) as the Model predicted

It all began in my first post on this blog, back on February 9, 2015, when I posted the following: "Oil - currently at 52.18. Awaiting on another test to the mid 40's to start accumulating and build a long position for the months to come." This call was against the widespread opinion of the street that called for oil’s further move downwards towards the 30's. Our opportunity began on March 16^th, when the Oil contract went all the way down to 45. On April 7^th, despite some mixed signals in the Oil market, I insisted on sticking to my call for a move towards 60. Last week on April 30^th, Oil touched 60 (at 59.89 to close the week at 59.29). That's a 1500-point profit from the mid 40's where we first bought Oil (as you can see in the chart below).

Thanks to the model's prediction we were able to enter at the bottom, and reach our profit target of 1500 points in merely several weeks. More to come. 

EUR/USD 1.1186
Despite the strength the Euro gained in recent days, my call remains to sell the Euro/Dollar on the highs.

Dow 18024
My short call from the 18200 level still in the making for the months to come.