Thinking to trade AUDUSD

I haven’t made a bet this year mostly because of a personal reason (starting out with a new job in a new city). I need to see what trading cycle I am most confortable with the new life.

As the end of Q1 is approaching, I started to feel that I wanted to trade at least once. I only looked EURUSD and AUDUSD, and I decided to take on AUDUSD this time.

The first chart is from the previous post in December last year:

I don’t think Wave IV has ended yet, and here is the daily chart from today. If IV is composed with A-B-C flat wave, what should be coming is downward C. So I would play short for the coming months.

But in March, I’d rather trade long at C of .2 as in the 360min chart:

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Current risk exposure:

Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
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From recent 100 trades (%)
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Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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