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Hello, my dear friends and the fellow community members.
In the article of the month of April, we learned about the Head and Shoulder pattern. This month, I have come up with the Cup and Handle pattern. It is also very famous chart pattern. It is a continuation pattern. In this pattern, there is a consolidation period in the form of a rounding bottom after a trending move higher in the price. This rounding bottom is known as the cup. It is followed by another consolidation period which has a depth less than half of the depth of the cup. It is known as the handle. This is why the pattern is known as the cup and handle formation. This pattern is very easy to visualize. I have included a few charts where this pattern had emerged.
FIGURE-01

1. ABOUT THE CUP AND HANDLE PATTERN
A few facts about the cup and handle pattern:
It is considered as the bullish continuation pattern. It has 4 necessary ingredients.
1. The prevailing uptrend
2. The cup
3. The handle
4. And the neckline
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klintons avatar
klintons 31 May

Very well

iiivb avatar
iiivb 1 June

personally, I do not trade this pattern but thanks for sharing!

Josecarlos avatar

interessante

UnforAmon avatar
UnforAmon 14 June

good

Freeze13EU avatar
Freeze13EU 22 June

interesting

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12/44
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Make money on Dukascopy
Forex Day Trading Risk Management
Every successful forex day trader manages their risk; it is one of, if not the, most crucial elements of profitability.
Keep risk on each trade very small, 5% or less is typical. This means if you have a $3,000 account you shouldn't lose more than $150 on a single trade That may seem small, but losses occur, and even a good day trading strategy will see strings of losses. Risk is managed using a stop loss order.
Forex Day Trading Strategy
While a strategy has potentially many components and can be analyzed for profitability in various ways, a strategy is often ranked based on its win-rate and reward/risk ratio.
Win-rate is how many trades are won out a given number of trades. Say you win 55 out of 100 trades, your win rate is 55%. While it isn't required, having a win rate above 50% is ideal for most day traders. 55% is acceptable and attainable.
If a trader loses 10 pips on losing trades but makes 15 on winning trades, they are making more on winners than they are losing on losers. Even if they only win 50% of their trades, they will be profitable. Therefore, making more on winners is also a strategy component many f…
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Lady_in_Red avatar

Very interesting article

Wovch avatar
Wovch 21 July

very good

madoras avatar
madoras 22 July

very nice article

Lizabeth avatar
Lizabeth 28 July

Good article!

VAISHU09 avatar
VAISHU09 19 Aug.

nice article.

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13/66
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Buenos días a todos!
Antes de todo pido disculpa para escribir este post en Español! Podría intentar en Inglés pero seguro estaría lleno de errores horripilantes así que prefiero evitar!!
Después de años de trabajo e intentos de desarrollar una estrategia de éxito llegué a pensar que la solución está en la FRACTALIDAD!
Como sabemos el mundo fractal regula el universo, desde el Big-Bang de la creación hasta los últimos descubrimientos sobre la materia y su composición, las celulas, los atomos, los cristales ..etc
En el Trading existen muchas conexiones con la fractalidad, desde los marcos de tiempos hasta las increíbles herramientas basada en los números de Fibonacci!
Ya he trabajado mucho intentando de simplificar e intender los secretos de los mercados finacieros bajo las reglas de la FRACTALIDAD ... y allí va el proyecto de una estrategia basada en ella!
Vamos a ver algo de realmente increíble, aquí tenemos dos gráficos ... nada de especial, uno bajando, el otro subiendo ...en los dos conseguimos dos operaciones de éxito con relación de ganancia/riesgo de aproximadamente 3:1 ... bieeeen!!!
Bueno ... hasta aquí todo bien ... la entrada buena, el beneficio casi lo mismo.
Hay una "…
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DominguezV avatar
DominguezV 16 Mar.

Interesante Articulo!! buen tabajo!!

VALTRAD avatar
VALTRAD 19 Mar.

Да, действительно работает это. Остаётся лишь выискивать эти фракталы. Также замечал, что если фрактал ломается (а такое случается) и, если не упрямится, то тоже можно заработать. В своём блоге от 18 марта описал сходство, как мне показалось AUD / USD М5 и EUR / USD H1.

Olkiss70 avatar
Olkiss70 31 Mar.

good article!

Natalia_Kisenko avatar

very great article!

abel avatar
abel 31 May

Buena vision del mercado y sus condiciones fractales.

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19/44
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In the DukasCopy Wiki we can see a simple strategy for JForex platform, based on crossing of two SMAs. The SMAStrategy strategy based on two SMA (Simple moving average): SMA with time period 10 and SMA with time period 90. The strategy logic can be described as 2 actions:
  • If SMA 10 cross SMA 90 from up to down, then the strategy closes existing short position and open a buy order if long position does not exist
  • If SMA 10 cross SMA 90 from down to up, then the strategy closes existing long position and open a sell order if short position does not exist
But you can’t use this strategy to get profit because the purpose of it is educational, and the results are not very good. All what you can get is slow decreasing of depo (fig. 1) for the random strategy parameters
  • instrument - EURUSD;
  • period – one hour;
  • filter – weekends;
from 01.01.2012:
Fig. 1. But can we improve this strategy to get a profit? Let’s see…
How many hourly bars do we have from 01.01.2012 till now? It is approximately 21300 hourly bars. DukasCopy tester generated 375 orders in this period. So, the average trade length is 57 hours. How can we use this information to improve our strategy?
Let’s think about the waves of …
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foreignexchange avatar

good job

Fecha avatar
Fecha 20 May

Thanks alot!

Milian avatar
Milian 24 May

хорошая статья!

missanzhelika avatar

Well done

Illya avatar
Illya 8 Sep.

Вчера воспользовался вашим кодом. Благодарю. Но в коде Time-stop filter ошибка знак ">" нужно поменять на "<".

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2/65
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Hello again, all members of DFC, I hope you have a Good 2012 full of Green Pips!
My article for this month is based on a Scalping Strategy I used to use in MT4 with a group of friends and now decided to make a tool for Jforex, but the main idea is, with the help of those who want to be here in the community, to create a strategy to compete in Jforex Strategy Contest!
This tool is based on an indicator and price movements in 1 Hour Chart. With the Tool I used in MT4 I only entered the market in the last 15 minutes to the closing of the 1 Hour Candle, but here on the platform of Dukas I just enter in the last 5 minutes, if the setup gives me the signal for SELL or BUY.
Strategy Description:
In 1 Hour Chart  in any major currency pair (EURUSD, GBPUSD, USDCHF) apply the MA Indicator, as you can see in next image:MA Type SMMA, with Time Period : 1 and Price: Tipical Price(HLC/3).
This SMMA is for viewing only proposes, because the developed TOOL  give us the desired values.
Run the TOOL (strategy), I developed using some code found in Dukascopy Forum, and improved for my trading needs. This TOOL give us the setup for entry on Market. So, when the current price is greater th…
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aaalisher avatar
aaalisher 18 Apr.

looks nice bro,,i shal b grateful if u email me at [email protected]

flicar avatar
flicar 1 Dec.

Hello! thanks a lot for sharing the tool! My e´mail is [email protected]
Thank you!

flicar avatar
flicar 1 Dec.

I´m sorry. The e-mail is  [email protected]

lfspinho avatar
lfspinho 18 Mar.

Olá Linuux! A tua estratégia parece-me interessante. Caso ainda estejas disponível para dar acesso ao ficheiro agradeço o seu envio para [email protected] Votos de bons negócios. Até breve!

kangur avatar
kangur 5 May

Hi, I like to have tool, can you send me to [email protected]

Regards
JC

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41/73
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The amazing feature about the currency market is that even when there is turmoil taking place in the equities markets, the Forex always provides us with ways to trade these fast and furious breakouts with large rewards. As random and unexpected as some of these moves appeared to be to some traders, using these guidelines will allow both the Day Trader and the Weekly Trader to get their piece of the pie consistently. As with the Stock Market, the Forex also reacts to important financial and economic events with larger than normal movements. In most cases, the Forex reflects the frantic behaviour of investors and traders in the form of fast breakout setups with a structure that conforms to the natural movements of all currencies. Under normal conditions, the average weekly range for the most popular, liquid currencies is 500 pips within 8 days. However, during periods of heightened volatility, the significance of the event can lead to larger ranges of more than 800 pips within that same time period. GENERAL SETUP Normally when these opportunities arise in the currency market, there are two common signals on the Daily Chart that indicate that we are about to have a large breakout. …
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DaddyPapi avatar
DaddyPapi 16 Aug.

I used to trade using the 4H Chart since it had less volatility and you could know exactly when to check for an entry. But because the 4H Candle can be large at times, I have gone back to the 30 Minute. Even though I may lose on the first attempt, a second opportunity always presents itself as long the overall direction of the market is correct.

DaddyPapi avatar
DaddyPapi 16 Aug.

Another alternative to entering at the start of the breakout is to trade multiple lots during the breakout. You can either do this on the 4H Chart or 30 minute. You would add lots as the market moves in your favour with reliable candlestick formations, cancelling and replacing along the way. So you maximize on the breakout with multiple lots with essentially one stop loss. I will detail this in the next article.

ritesh avatar
ritesh 22 Aug.

+1 for you buddy.

fxsamart avatar
fxsamart 23 Aug.

I wish you a nice rest in the competition and good trade

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