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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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JuliaBF avatar
JuliaBF 4 Apr.

Interesting))

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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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Quick Review of my EUR/CHF Trade

Daytrader21 Posted 16 Mar.  in #Trader's blog #EUR/CHF #EUR/USD #Snb
In today's blog post I'll want to take the time and speak in more details about another trade that I had which was long EUR/CHF. Despite the general euro weakness across the board EUR/CHF was heading up quite nicely, and most likely SNB was bidding up this pair in an attempt to prevent for further CHF appreciation. My reasoning behind this trade was that once EUR/USD will pause this would take the pressure away from EUR/CHF and it can trade higher. However even thought we have a shallow retracem…
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Playing with CHF Pairs

Daytrader21 Posted 4 Feb.  in #Trader's blog #EUR/CHF #USD/CHF #Intervention #Synthetic Hedge
This is the first time I trade EUR/CHF since the peg was introduced as I wasn't even watching this pair during this whole time, but now that SNB has removed the floor, and at least in theory, they're letting the market to decide the exchange rates. Because in practice if you have been watching the PA you could have noticed it's very manipulative. There are many rumors that SNB is intervening in the market and is trying to maintain a dirty float between 1.0500 and 1.1000 as some rumors are saying…
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anna_t 4 Feb.

Good luck in contest!

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Black Swan Event Armageddon Style.

Daytrader21 Posted 16 Jan.  in #Trader's blog #Ecb #Volatility #EUR/CHF #Brokers #Leverage #Liquidity #Snb #Black Swan #1 2 Floor

In my second blog post of the year I was arguing and making the point of higher market volatility in the year ahead, you can find more about it here: 2015 A Year of Higher Volatility
Did I ever foreseen the level of current madness in the market? By no means NO.
Having said that there where some clues of what is to come as everything was pointing towards ECB aggressive easing measures to be implemented at beginning of the year, and now with EU lawyer approving ECB bond-buying programme as bein…
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Daytrader21 19 Jan.

CommunitySupport  Thanks for keeping us posted. As soon as I was aware of Dukascopy official statement I've made an update and I was pointing anyone in that direction. It was just an unwanted bad rumor and you can't put your all trust in a rumor, so I've advice everyone to take it with a grain of salt.

Me personally and I'm sure many others are please to hear the good news and I'm looking ahead for another 10 great years with Dukascopy and many more.

Keep up the good work!

Airmike avatar
Airmike 20 Jan.

good news for us . and good article btw :)

CommunitySupport avatar
CommunitySupport 20 Jan.

DUKASCOPY: NO TRADE CANCELLATIONS, NO NEGATIVE BALANCES

Management of Dukascopy Group has decided to take an exceptional decision to cover negative balances on client accounts related to CHF move on SNB decision on 15.01.2015.

In spite of the fact that agreements and regulation allow Dukascopy to claim negative balances compensated by clients, it was decided to release customers from obligation to cover negative balance.

Dukascopy Bank has not cancelled or negatively adjusted any trade concluded on 15.01.2015 with clients during the CHF move.

Berkeley avatar
Berkeley 20 Jan.

Dukascopy Bank ... first choice! Keep up the good work!

WallStreet6 avatar
WallStreet6 20 Jan.

very good article. i agree with Buffet's quote.

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EURCHF Resurrected from the dead

Daytrader21 Posted 13 May as Analysis on EUR/CHF, Target: 1.225, Date: 1st of July, 12:00 GMT  in #Technical analysis #EUR/CHF #Elliot Wave #Cycles #Snb Peg #Bear Market
EURCHF have been driven by 2 important facts 1) 1.2000 SNB floor which in the last 20 months has acted like a magnet and strong support for the pair2) Although the market looks like it has established a major Low swing point the price action and the history of EURCHF suggest otherwise and which is that we remain in the long term bearish trend as the Elliot Wave suggest we still have to make another low below the major low at 1.0066 for the 5 wave cycle to be complete.(see fig.1).1.0066 low is ju…
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Daytrader21 29 June

Eurchf has not followed with exactitude the Elliot wave count but it hasn't had much influence on the price although we made another higher high, taken out the previous swing high out (labeled wave C and wave IV of the bigger cycle) price indeed drop lower near my forecast price. Making another higher high wave has just changed the price structure not invalidating the whole wave count.

Price suggest that we are in a much more complex price structure and I suspect wee are going to form a "triple tree" triangle which will extent the time period price will stay in this sideways market.

Daytrader21 avatar
Daytrader21 29 June

One more thing I just want to add is that this "triple tree" triangle described by Elliot wave can take different shape which is a combination of patterns composed of simple types of corrections, including zigzags, flats and triangles, and their occurrence is very limited which is why this kind of price action appear only in special occasions like the case of SNB 1.2 PEG and which as I said earlier tends to extend the sideways market action.

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