I started off well in this Contest month buying Aud
Last night at the start of the contest Australian data came out - interest rate decision
Because it was widely expected by traders to be left on hold, I thought of a trade
I went long AudUsd for a rally after the interest rate decision - and betted they would hold rates
At the same time I shorted GbpAud and EurAud because of technicals in these pairs pointed to the downside
The strategy paid off and I find myself in the top 10 traders right away
I closed my positions for now, and it is back to the drawing board :-)
gl all this month
Last night at the start of the contest Australian data came out - interest rate decision
Because it was widely expected by traders to be left on hold, I thought of a trade
I went long AudUsd for a rally after the interest rate decision - and betted they would hold rates
At the same time I shorted GbpAud and EurAud because of technicals in these pairs pointed to the downside
The strategy paid off and I find myself in the top 10 traders right away
I closed my positions for now, and it is back to the drawing board :-)
gl all this month