I just don't know what I was doing sitting on AUD/USD and NZD/USD positions this week, waiting for them to break higher, when there was much better opportunity unfolding in front of my eyes in CHF pairs. I even had plan written down to "buy USD/CHF on acceptance above 0.9360", but for some reason I ignored it. Playing AUD/CHF and NZD/CHF for 50 - 100 pips instead would have yielded hefty amount of pips. Now, I'll have to at least triple my equity next week to enter top 20. Chances are slim, but worth trying.
I'm much more satisfied with my performance in other contests.
Recently, results of the December 2014 Strategy Contest were published. It sometimes takes longer than usual, because contest team must check every candidate strategy for compliance with contest rules. I was promoted to fifth place, after half a dozen of participants were disqualified due to rules violations.
And, yesterday, I won the Fundamental Analysis Contest. As some say, this may be the easiest contest to win. Probably true, as you could just randomly place all bets, exercise some patience and eventually you'd win. I'm taking the approach of studying each event and commenting my decisions, so it takes a bit more effort. In exchange for that, I get some insight into fundamentals to then (hopefully) make more informed decisions and at the same time chance to be awarded bonus points, which can significantly increase odds of success. At the very least I practice some English writing skills.
I'd like to thank all DFC members for their support and Dukascopy for bonus points and, of course, prize(s). And good luck to all next week!
I'm much more satisfied with my performance in other contests.
Recently, results of the December 2014 Strategy Contest were published. It sometimes takes longer than usual, because contest team must check every candidate strategy for compliance with contest rules. I was promoted to fifth place, after half a dozen of participants were disqualified due to rules violations.
And, yesterday, I won the Fundamental Analysis Contest. As some say, this may be the easiest contest to win. Probably true, as you could just randomly place all bets, exercise some patience and eventually you'd win. I'm taking the approach of studying each event and commenting my decisions, so it takes a bit more effort. In exchange for that, I get some insight into fundamentals to then (hopefully) make more informed decisions and at the same time chance to be awarded bonus points, which can significantly increase odds of success. At the very least I practice some English writing skills.
I'd like to thank all DFC members for their support and Dukascopy for bonus points and, of course, prize(s). And good luck to all next week!
