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Last Day of the Week

Daytrader21 Posted 13 Nov.  in #Trader's blog #Webinar #Article Contest
This week has been very slow as there where no opportunity for swing trading and I still struggle to recover my account. However for next week I'm already eyeing some good opportunities that if I mange to time them I think I can manage to recover my account balance.
Today I think that Retail Sales will give us some volatility and subsequently some trading opportunities other than that I really can't see much in this environment.
If you have free time I will also like you to invite to my webinar:…
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October Fx Market Outlook

Daytrader21 Posted 7 Oct.  in #Trader's blog #Ecb #Eurusd #Article Contest #Qe #Fed #Fx Market
In this article we’re going to look at both the technical setup as well as the fundamental themes that have been dictating the movements in the FX Market for the month of September and what’s going to drive the market forward in the coming month. The fact that we haven’t been able to see a rally in the equity market and a continuous decline in the US Dollar it tells us that something significant is happening, and that is a shift in the belief of monetary policy and its influences over the marke…
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Visual Jforex Strategy $0.8 Million Profits

Daytrader21 Posted 4 June  in #Trader's blog #Article Contest #Visual Jforex #200Ema
Since many people have inquired me about my newest strategy that I've started running in the Strategy Contest since last month I thought it's best to write an in depth article that can be useful especially for guys who are still beginners with Visual JForex and secondly it will be useful for those who want to understand better the ins and outs of my strategy and answer question like why I choose to run the strategy only between some specifics hours and not let it run without interruption.
Since…
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The US Dollar Technicals

Daytrader21 Posted 9 May  in #Trader's blog #Article Contest #Dxy #Cycles #Us Dollar
This blog post it's a continuation from last time I talked about the US Dollar, but in the meantime I wrote an Article talking there in more details about this issue, go check it out here: US Dollar Macro and Technical View
It's not unrealistic for the dollar to continue rallying as there have been other instances in the past in which case the dollar rally has extended past 50% mark (see Figure 5). Actually the dollar trade weighted cycles tend to last on average 8 years and we ha…
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Segmentation and Time-of-day Pattern in Fx

Daytrader21 Posted 9 Apr.  in #Trader's blog #Article Contest #Visual Jforex
There is no mystery that the world is full of patterns and we're governed by them and the financial market are not exception of this rule. The time element such as the time of the day could also play a big role in how certain FX pairs may behave. There is anempirical research conducted by major institutions which suggest that there are strong evidence of a predictable time-of-day pattern in FX. This research was conducted by Angelo Ranaldo from SNB.
The main idea behind this article will be to …
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Article Contest and Technical Analysis Contest Feedback

Daytrader21  in #Technical analysis #Trader's blog #Article Contest #EUR/CHF #Feedback #Visual Jforex
Since it's weekend I would like to take the time and make a few remarks about the Article Contest and Technical Analysis Contest. I have noticed that at least in the Article Contest there have been some last minute changes and I would like to give my own opinion and why not few suggestion that you may
take in consideration.
  • Technical Analysis Contest

I would like to propose the reintroduction of EUR/CHF pair among the instruments for which to give our forecast. Since, at least in theory, EUR/C…
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3 Comments
JuliaBF avatar
JuliaBF 4 Apr.

Interesting))

Daytrader21 avatar
Daytrader21 6 Apr.

JudgeDredd Ok, thanks. But what do you think about the Technical Analysis recommendations?

Metal_Mind avatar
Metal_Mind 26 Apr.

Daytrader21  you have made your point as always. But i would also add a few points regarding the technical contest which is a mess right now and looks like russian roulette . A large part of contestant post in their own language which is disrespectful to the rest of us who also are not native but try our best to make an analysis in english. Second the quality  in a prediction should be more significant maybe 50 percent and let duka decide. I say that because there are contestents who put 60 prediction out there per month  ,in their own languages writing 3 lines about it.

Metal_Mind avatar
Metal_Mind 26 Apr.

I really do not now if anybody consider that contest fairness. Is this a technical contest for the Dukascopy bank or  an odds casino game. Make it look like a real contest. Be more active in regulating the contest. Do not award prizes  based only on deviation.  How anybody supposed to understand  a winner technical analysis that won 3  -4 times in a row  in spanish , ukrainian or any other language. If i remember correctly we had to post in english .IS ANYBODY SUPERVISING THE CONTEST ???

foreignexchange avatar
foreignexchange 1 June

Thanks for the article, agree in technical contest. Do not have a specific opinion at article maybe it could be interesting also with a thematic article.

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Sentiment Analysis in Fx

Daytrader21 Posted 4 Mar.  in #Trader's blog #Article Contest #Sentiment Analysis
Sentiment is usually backward looking and is incorrect so frequently that it is used by professionals as a counter indicator of market direction. Daniel Loeb
The Forex Exchange market is the worlds largest financial market with an estimate daily turnover of over $5T, which is more than 25 times bigger than the US equity market. Although the FX market to some extent seems to be irrational because they don't follow the interest rate differential as expected. This could indicate that investor ps…
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ANABEVZ avatar
ANABEVZ 4 Mar.

I like this  one)

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
Jesse Livermore

Daytrader21 avatar
Daytrader21 4 Mar.

ANABEVZ  Yes, Jesee Livermore is da man:)

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Trend Trading Strategy: Departure Trendline Setup

Daytrader21 Posted 6 Jan.  in #Trader's blog #Article Contest #USD/JPY #Trend Trading #Departure Trendline
Over the last 2 years the market has been changing a lot and we saw across the board many currency pairs has started moving away from those nasty big range zone and have been shifted towards more clear trends. Trend trading can be as difficult as range trading if you don't understand the characteristic of this new type of environment, and you need new adequate rules to be able to profit in the market. In this regard my article is going to provide you with some core basics and unique rules that …
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4 Comments
samme avatar
samme 6 Jan.

Great articles as always :)

Daytrader21 avatar
Daytrader21 6 Jan.

samme You can find the whole article by following the link provided in the blog post, there is a lot more "gem" :) hidden inside the article:)

samme avatar
samme 6 Jan.

ok. Thank you

agddivisas avatar
agddivisas 8 Jan.

Very good, easy to understand!

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2015 Global FX Outlook

Daytrader21 Posted 3 Dec.  in #Trader's blog #Dollar #Article Contest #Volatility #Bullish #Interest Rates #Fed #Fx Outlook

If the main macro theme of 2014 was the broad based dollar strength, the general consensus for 2015 is for further appreciation of the dollar. The implication of a strong dollar, and with the pick up in volatility, have also set in motion other trends, like the bearish commodity trends(see Metals and Oil), the carry trade has died (see AUD/USD and NZD/USD) and last but not least EUR/USD has finally started trading to the downside.
The broad based dollar strength can have a big impact on US econ…
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2 Comments
verindur avatar
verindur 3 Dec.

I think its boisterous and overconfident approach of the US strategicians still beleiving that they have got everything under control. How they are doing it most of the financial experts are aware of it. Most likely in 2016 everything is going to fall apart. And their could be a never seen before scenario.

Daytrader21 avatar
Daytrader21 3 Dec.

verindur  As long as we're in a bullish US dollar trend the wise thing to do is to go with the flow as price always follows the line of least resistance there is no need to fight it

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Join Today's Webinar with Daytrader21

Daytrader21  in #Technical analysis #Trader's blog #Webinar #Fundamentals #Article Contest #Gold #Silver

Hi guys,
In less than 2 hours, 9:00GMT (10:00AM London Time) I'm going to host my webinar: Global Metal Outlook. In this webinar I'm going to examines the metal industry's current trends and opportunities in 2014. with the main focus on Gold and Silver markets. We're going to analyse both the fundamentals and technicals for a better understanding of this market. Here is the link where you can join the webinar: Webinar TV
The reason why I'm doing this webinar is because I won the 1st plac…
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