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Weekly Review

al_dcdemo Updated 8 Oct.  in #Trader's blog #Trader Contest #Fundamental Analysis Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades
No open trades.
Closed trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P&L (PIPS)
......
GBP/CADLONG3.001.661251.65574-55.1
GBP/CADLONG3.001.656351.65378-25.7
GBP/NZDLONG3.001.845761.83918-65.8
GBP/USDLONG3.001.326701.32560-11.0

Stats
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Comment
My equity is down to 62K from 100K after the first week of the October contest. My SL management should have been more agressive as the pound fell out of favour last week. 43K is my current downside equity limit for this month, will trade with more caution next week.
Technical Analysis Contest
I did great in this contest last year, but it looks I have been paying some of that back this year. 8th place in August's contest is so far my best achievement this year with four months to go. I got 76 accuracy (0.1617%), 13 quality and 5 bonus points for a total of 85 p…
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Weekly review

al_dcdemo Posted 6 May  in #Trader's blog #Trader Contest #Fundamental Analysis Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....CURRENT...P&L (PIPS)
......
EUR/USDLONG5.001.090251.0995092.5

Closed trades
No closed trades.
Stats
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Comment
I ended the first week of the May contest with equity at 146K. A single trade, EUR/USD long, is still running and won't take profits before a proper break above 1.10. Even though Macro…
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Weekly review

al_dcdemo Posted 7 Jan.  in #Trader's blog #Trader Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades
[table][tr][td]INSTRUM…
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Weekly review

al_dcdemo Posted 17 Dec.  in #Trader's blog #Trader Contest #Fundamental Analysis Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....CURRENT...P/L (PIPS)
GBP/JPYLONG3.00146.880147.24036.0

Closed trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P/L (PIPS)
EUR/AUDSHORT3.001.414291.42061-63.2
EUR/NZDSHORT3.001.477921.49158-136.6
GBP/JPYLONG3.00145.360147.647228.7

Stats
Click here for monthly stats.
Comment
After the third week of the December contest my equity stands at 203K, up from 176K a week ago. GBP/JPY trade would have hit TP even if I hadn't lowered it. I still believe in the upside in this pair and re-entered ahead of the weekend. Chasing market in EUR/AUD and EUR/NZD proved to be a mistake but risk was limited and losses contained. It is quite possible that the usual year-end thin holiday liquidity will mean more volatility rather than range-bound action under current market conditions.
Technical Analysis Contest
I narrowly missed the top 10 in the October contest and ended up on the 11th place. I was not among the most accurate forecasters but quality and bonus points made up for that. In case anyone hasn't noticed, the base prize of $250 has now been extended to 20th place, from 15th place previously.
Fundamental Analysis Contest
With 126 performance (15:9), 72 social and 100 bonus points I just catched the top 5 in the last week's contest. 200+ participants means that writing comments and working on social points has become virtually mandatory if one seriously aims for a top 10 place.
I'd like to thank to Dukascopy …
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Weekly review

al_dcdemo Updated 12 Nov.  in #Trader's blog #Trader Contest #Fundamental Analysis Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....CURRENT...P/L (PIPS)
GBP/USDLONG3.001.247331.25950121.7

Closed trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P/L (PIPS)
GBP/CHFLONG2.001.200861.22468238.2
GBP/CHFLONG3.001.223031.24746244.3
GBP/JPYLONG2.00128.207130.113190.6
GBP/JPYLONG3.00130.241127.443-279.8
GBP/JPYLONG2.00127.982130.253227.1

Stats
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Comment
I finished the second week of the November contest with equity of 309K. It could have been a lot higher though. I lost at least 50K on the Trump dip when my GBP/JPY position was stopped out and I re-entered smaller at a higher price. Later on, a limit order on the same pair was missed by a couple of pips which costed me additional 100K. On the other hand, if the aforementioned dip would have extended a bit further, I'd have been taken out by margin call procedure. There's three more weeks till the end of this month's contest and I expect some more twists and turns until then.
Technical Analysis Contest
I took a great 14th place in the September contest. I say great because my accuracy (0.6095%) wasn't so great but still earned me 57 points. On top of that I was given 15 quality and 10 bonus points. As contest rules already state, it really pays to briefly explain a prediction, used analysis methods and supply the prediction with updates in comments during the forecast period.
Fundamental Analysis Contest
After five months I managed to win the contest again, with 101 performance (9:4), 87 social and 80 bonus points. The contest now regularly features over 200 participants, so more than ever it makes sens…
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Weekly review

al_dcdemo Updated 8 Oct.  in #Trader's blog #Trader Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades
No open trades.
Closed trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P/L (PIPS)
AUD/USDLONG5.000.766040.76225-37.9
AUD/USDLONG2.500.761210.75735-38.6
GBP/JPYLONG2.50132.103130.331-177.2
GBP/USDLONG2.501.272321.2756032.8

Stats
Click here for monthly stats.
Comment
Even though the flash crash in pound pairs came as surprise, I should have known better and avoided long pound positions when there was a clear momentum to the downside in Cable amid bearish fundamentals and lack of compelling technical support. My first AUD/USD trade should have been exited earlier and the second one avoided, as it became evident that the pair won't break above 0.77 just yet.
Technical Analysis Contest
After the conclusion of the August Technical Analysis Contest, I knew that I had good chances for a top 5 or maybe a top 3 place. When I found myself right at the top, my reactio…
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Weekly review

al_dcdemo Updated 7 May  in #Trader's blog #Trader Contest #Technical Analysis Contest #Weekly Review
Trader Contest
Open trades
INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....CURRENT...P/L (PIPS)
GBP/USDSHORT1.251.445541.4430025.4
USD/JPYLONG2.00106.465107.11064.5

Closed trades
INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P/L (PIPS)
AUD/CHFLONG2.500.731350.72867-26.8
EUR/USDLONG2.501.147301.15851112.1
EUR/USDLONG1.251.158551.15144-71.1
GBP/USDSHORT2.501.469421.45060188.2

Stats
Click here for monthly stats.
Comment
I made few mistakes but my performance in the first week of the May's contest was good and I ended it with equity at 174K.
Technical Analysis Contest
I took the 11th place in the March period. My AUD/USD prediction was the only one that landed near target. Accuracy was solid but I wouldn't be in the top 15 without quality and bonus points. I'd like to thank to Dukascopy and to all DFC me…
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Weekly review

al_dcdemo Updated 2 Apr.  in #Trader's blog #Trader Contest #Technical Analysis Contest #Weekly Review
March Trader Contest is over and I ended it with equity at 6K, down from 136K a week ago. I gave the last GBP/JPY short (5M) trade maximum room possible to prove itself. The trade was stopped out by a margin cut, about 40 pips ahead of SL which I extended by 50 pips. In hindsight, my timing was a bit off and fixed lot sizing would work better than scale-in.
I found myself in the top 10 of February Technical Analysis Contest. My forecasts were quite inaccurate bar …
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Weekly review

al_dcdemo Updated 16 Jan.  in #Trader's blog #Article Contest #Trader Contest #Fundamental Analysis Contest #Technical Analysis Contest #Weekly Review
I started the week in the Trader Contest with a GBP/JPY short (1.25M) but then made a stupid mistake and exited that trade right at the descending trendline on the first signs of improvement in risk sentiment. Not only that, I reversed and doubled the position which hit SL (which I widened by 50 pips) three days later. After that I took another long position with half the amount - it's SL was hit on Friday.
In hindsight, I could have made money on longs by entering in the dips. Much more lucrati…
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Weekly review

al_dcdemo Updated 26 Dec.  in #Trader's blog #Trader Contest #Fundamental Analysis Contest #Strategy Contest #Technical Analysis Contest #Weekly Review
I'm about to end the December Trader Contest with the equity of 2K. Despite that, it was another great lesson regarding both discipline and leverage.
I concluded a great year in the Fundamental Analysis Contest with the second place, which I find almost as good as the first place in this contest, at least prize-wise.
The results of the October Technical Analysis Contest were published and I found myself on the 6th place. My AUD/USD prediction missed target by a couple of pips.
The results were a…
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4 Comments
RahmanSL avatar
RahmanSL 27 Dec.

Yes, you did very well....Congratulations on your achievements!

al_dcdemo avatar
al_dcdemo 27 Dec.

Thank you, my friend!

Daron avatar
Daron 27 Dec.

Good job!

al_dcdemo avatar
al_dcdemo 28 Dec.

Thanks buddy!

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