a beginner's attempt at the pairs

it looks like that buy sell imbalances driven by liquidity reason only has short lives. Consistent with research. so The risk is greater than reward and eventually it will blow out your account. So from now on, I will only make a move when there is news e.g. politics, policy change. I will let you know when they come. It's safer and much more rewarding that way Mr. Big Mac
 
First, This Thursday, there will be speech on euro interest rate change...I will provide further information. Looking at euro pattern on 1 hour (it has finished its correction), there is a chance that they could raise their interest rate. But I have to take some secondary research to support that. :)
 
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big mac said:
exit - 7

Long @ 12601

Stop @ 12564

Realized I am on wrong side and flipped it. Simple as that.
More...

Be careful when you long both euro and pound because they have unlimited downside risk because speculators are on short positions there.
 
Balance of trade deficit for Australia is greater than forecasted (nearly three time)
Thus, the value of Aususd needs to be corrected to reflect the Change in fundamental information - expect depreciation of Aususd.
Currently I observe speculators correction - bearish hammer

Considering shorting audusd.
Opened a short position.
May consider holding it for a day since unlike the liquidity driven order imbalance, the fundamental driven order flow change the price " permanently"
 
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Just have taken 30 pips and Aususd have taken my short limit orders again.
I expected it to rebound after it went oversold condition, so I took the profit.
Now I will hold my position for a day because there will be fundamental change and it will definitely work for long term holding.

Later, I will consider euro trading as there is a speech on interest rate decision
 
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