I'm back to live trading after a healthy break and have chosen to focus the majority of my trades and efforts on the AUD/USD.
an interesting thing I've lightly put some time into is the deepest dip of the pair. It seems to me that dips of about 140 pips turn around soon. Some have turned later at about the 220-230 mark but this seems to have occurred just a couple of times recently.
I note that yesterday the EUR and GBP /AUD pairs have come off of recent highs. While my trade explorer is certainly biased in a messed up way to long aud/usd, I have profitable shorts open on the other two pairs.
current extreme low I see on this pair: .9184
current extreme high is into the .9500s
so, as far as me and my trading account are concerned, short looks riskier than long.
an interesting thing I've lightly put some time into is the deepest dip of the pair. It seems to me that dips of about 140 pips turn around soon. Some have turned later at about the 220-230 mark but this seems to have occurred just a couple of times recently.
I note that yesterday the EUR and GBP /AUD pairs have come off of recent highs. While my trade explorer is certainly biased in a messed up way to long aud/usd, I have profitable shorts open on the other two pairs.
current extreme low I see on this pair: .9184
current extreme high is into the .9500s
so, as far as me and my trading account are concerned, short looks riskier than long.
"Holy Grail" exists - accepting where is the first step.