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New month of trader contest

asdfggggggggg Posted 1 Apr.
Well, I'm up 35k in this months trading contest, and extrapolating exponentially I should win about 250 million this month. How did I manage it? I have a new strategy.
Is it fundamental analysis? Chart patterns? Bayesian aggregation of indicators?
Nope.
"Eliot wave" theory has served me well in the past, but henceforth I shall be using the similar, but more advanced, "Timewave zero" theory, which uses the Ancient Chinese Iching to predict the fractal nature of reality, and, well, markets are par…
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Another contest

asdfggggggggg Posted 1 Mar.
A new contest! Last month I did poorly, because there were very rapid movements due to breaks in trendlines and Greek news, which is hard to deal with when the contest structure encourages highly leveraged and unhedged trading strategies.
So what's my forcast now?
Consider the EUR/JPY bouncing between the blue and green lines. Three times it bounced rapidly up after hitting the green line, but on the fourth it was sluggish.
Bearish, I would say. Of course its unwise to base trading on one analys…
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Ooops.

asdfggggggggg Posted 3 Feb.  in #USD/JPY #EUR/USD
Today this trendline broke really fast, while I was eating lunch. I thought the euro was probably going to bounce off this line, and so I had set my stops too high.
Oh well. To look on the brightside, I'm back to square one which means all I've lost is two days in the trader contest.
After such a rapid rise there should be a period of consolidation, but the longer term analysis is that the price should rise back up towards the orange trendline, with the first level of resistance at around 1.18 (…
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New contest

asdfggggggggg Posted 2 Feb.  in #USD/JPY
Well, after briefly capturing the #1 spot I am back down to #2, although I have picked up 33 subscribers, including one live subscriber, with $87k of copied real money volume after less than a day. Needless to say, this is quite a responsibility and I shall endeavour to treat each trade seriously.
Today the USD/JPY triangle-like thing finally broke downwards, and this time we really could see 116 within a day.
I'm taking profit around 116, and withholding judgement on what happens next until I k…
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End of contest

asdfggggggggg Posted 30 Jan.
I've been working on some trading strategies for a while now, and while last month I almost got them working, there were still some teething troubles. This month I got into my stride and made over 500% in the strategy contest. This wasn't quite good enough (this has to be one of the very few times you can say 500% PROFIT PER MONTH is not good enough), and I made some mistakes, especially towards the end. So I don't think I won this time, but I made some friends who like my posts but don't actual…
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More triangles

asdfggggggggg Posted 29 Jan.
USD/JPY is starting to look more 'trangley', for want of a better word.
You might have to scroll this one over to the side a bit, because otherwise the massive drop will stop it from scaling properly. This one is a less classic triangle, because it
This is more just showing lines of resistance about to break.
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A long digression into physics metaphors for technical analysis.

asdfggggggggg Posted 28 Jan.  in #USD/JPY
The first chart pattern I learnt about was the triangle. An important thing to understand about trading is that complex systems do not follow simple rules exactly. This isn't physics, where the equations of general relativity and quantum electro dynamics have been verified to 11 and 14 significant figures respectively. This is psychology, where people behave in ways which are at best partially predictable and highly complex, but on a massive scale where it is only slight hyperbole to say that we…
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Potential topics for webinars, and USD/CAD TA

asdfggggggggg Posted 27 Jan.  in #USD/CAD #Webinars
I've been invited to host webinars! This is rather exciting and I'd like to know what people are interested in and before I start to plan what to talk about. Any comments are very much welcome.
In other news, USD/CAD broke this trendline today.
So is this a blip, or the start of a larger correction? Well, various indicators, such as the 1 day RSI, are very oversold, so there certainly seems to be a distinct possibility that it will continue to fall, perhaps until it hits one of these line of sup…
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1 Comments
DC_Victoria avatar
DC_Victoria 28 Jan.

Congratulations, dear! ;)
We are grateful to have you!

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Random musings on the psychology of trading.

asdfggggggggg Posted 26 Jan.  in #USD/JPY
I'm starting to suspect that every time I break a major psychological point (today it was 800k) I get overexcited and overconfident and make a mistake which drops me back below.
Psychology can be a pretty big part of trading. I heard a piece of advice that in order to make money trading, one cannot be attached to money. I'd go further and say that more importantly, one cannot be attached to beliefs. If you believe too strongly that the price is going up, you can ignore evidence that says its goi…
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Many interesting topics.

asdfggggggggg Posted 23 Jan.  in #GBP/USD #EUR/USD #Crash
Humility is a virtue. Quite, dignified self-confidence is the mark of the civilised man, while boasting is for those who project outwards arrogance because they lack inner assertiveness.
Having said that,
I'm number one! I'm number one! Woo hoo!
Now I have reached 1st financial position in the trader contest, I might still do some trading to keep my lead intact and help towards the quarterly performance contest, but the main obstacle to my coming first in terms of points in the trader contest is…
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