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Duncan Fowler

United Kingdom

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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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