I do a back-testing on currency for 2 years period. This is to find the best indicator for tracking buy and sell signal for currency.
From my back-testing, I found out that Bolingerband is the best indicator for tracking buy and sell signal for AUD/USD.
So trading AUD/USD is a systematic process to me:
First my proven indicator Bollingerband must signal buy on the daily chart.
Second I use 10 min chart to look for entry level.
Third find a level for the stop.
Yesterday I bought 100,000 AUD/USD at 0.9609
Place at GTC stop at 0.9560
Initial target level at 0.9680
Details here:
http://binarytrading.blogspot.com/20...-at-09609.html
I often post my investment / trading ideas in my website, feel free to take a look. Its free!