Trader Contest

Open trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....CURRENT...P/L (PIPS)
GBP/JPYLONG3.00146.880147.24036.0

Closed trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P/L (PIPS)
EUR/AUDSHORT3.001.414291.42061-63.2
EUR/NZDSHORT3.001.477921.49158-136.6
GBP/JPYLONG3.00145.360147.647228.7

Stats

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Comment

After the third week of the December contest my equity stands at 203K, up from 176K a week ago. GBP/JPY trade would have hit TP even if I hadn't lowered it. I still believe in the upside in this pair and re-entered ahead of the weekend. Chasing market in EUR/AUD and EUR/NZD proved to be a mistake but risk was limited and losses contained. It is quite possible that the usual year-end thin holiday liquidity will mean more volatility rather than range-bound action under current market conditions.

Technical Analysis Contest

I narrowly missed the top 10 in the October contest and ended up on the 11th place. I was not among the most accurate forecasters but quality and bonus points made up for that. In case anyone hasn't noticed, the base prize of $250 has now been extended to 20th place, from 15th place previously.

Fundamental Analysis Contest

With 126 performance (15:9), 72 social and 100 bonus points I just catched the top 5 in the last week's contest. 200+ participants means that writing comments and working on social points has become virtually mandatory if one seriously aims for a top 10 place.

I'd like to thank to Dukascopy and to all DFC members for their support!

I wish all participants good luck, happy trading and great trades in the week ahead!
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