Fraqtal's Blog

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So many beautiful women

I love taking part in the Dukascopy contest, not only is it fun and a great chance to improve your trading skill. You get the chance to have a great trading account from Dukascopy as a bonus. What is really nice though is when I log into the platform, I am greeted by picture of stunning looking women, which I never find boring.
So many of these girls are just drop dead stunning, it really cheers me up that Dukascopy combine trading which is really boring with pretty women which is really interes…
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Trading is the hardest thing you will ever try

Many people are drawn to the idea that trading is a nice way to make a lot of money. In reality nothing could be further from the truth.
In a lot of jobs you can get by, even if you make mistakes, unless you are a doctor, in which case someone will end up dead. In trading its not like that, you are either right or wrong, it is black and white, no grays allowed!
Many people start trading using indicator, yet we never hear story's of traders that made loads of money using indicator, I have been ar…
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Fraqtal has taken 71st place in Dukat Contest Oct - Dec 2017

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Fraqtal has taken 71st place in Dukat Contest Oct - Dec 2017

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You Don't Need To Predict The Market

Having spent a while looking at trading, I finally realized that most of the books I had read were wrong, I had spent a long time learning trading methods that almost guaranteed I lost money. I also realized that the indicators supplied by most trading platforms were simplyigh I would not have bothered calculated from price and of no use to anyone.
It took me a long time to work that out, and it cost me a lot of money, If I had realized that the cost for learning trading was so hard I would not …
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Day 1 of contest

I know that this contest is about making money, trade to win or don't trade. Dukascopy reward good trading so the smaller the stop the better. Big targets and small stops make you a good trader.
I use to try to spot tops and bottoms, forget it. That way lies losses. Trade the trend and watch how your account will grow. The big question is what is the trend. If you have a small child or a young brother or sister. Simply ask them what way is the market going. Trading is easy once you accept the tr…
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Trading the daily binary option contest

Today I looked at the binary trades that I had sitting to be filled last night. You can see from the screen cast that I attach that my option was triggered below the lowest price of the market, in fact according to the data displayed my binary option strike price was never traded to
http://screencast.com/t/oLLGinTmb
I thought the strike price was set at the market open, but it appears I am wrong anyone else find this happen to them as well?
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GBPJPY Expectations are for further declines.

The GBPJPY is falling from a Gann calculated 50% level which is often a very powerful point and likely to mean this is a multi month decline.
GBPJPY Weekly Analysis Jan 2016 http://screencast.com/t/0hlEH4BJ

163.50 is a previous demand area, often the first push in a downtrend is related to the next push by the ratio 127%, 168% or 200%, as this appears to be a impulse decline I would favor the expanding ratios around 168% to 200%. There is also a Gann angle from the low at 116.65 which would off…
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EURAUD possible top on or around the 1st March 2016

The EURAUD is currently in an uptrend so it is likely that this uptrend will continue. Carrying out a Gann analysis you can see that the last top at 1.6450 was rejected by the 1/3rd angle if this angle is to hold the market then it is likely that at the current rate of climb the 1/3rd angle will intersect around the 1.6180 area which is also strong resistance.
http://screencast.com/t/gsT5RytYxYm
Looking at a daily chart we can see that when the gann angles are projected from previous highs and l…
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What to expect for this week 10th Jan 2016

I can see that the DAX has not yet finished its fall, which means that all the YEN crosses are likely to continue their falls. I do expect a 1000 pip bounce in the GBPJPY at some stage. 163.48 would be the approximate price to see the GBPJPY fall to. I am expecting a reversal in the world stock markets around the end of Jan, so Feb 1st or 2nd would be a highly likely reversal date.
Spring has often been associated with a reversal in the markets, although this is the 7th year of the bull run it i…
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