Ask Why EURUSD ?

Everybody must already know :
When we on “buy position” ==> they always give us the lowest price (BID)
When we on “sell position”==> they always give us the highest price (ASK)

For Example EURUSD Bid = 1.29609 Ask 1.29630 Spread 0.00021
IF on the same time EXACTY TIME we order make ” buy position” and “sell position” then we will LOST  0.00021. So in order to make Profit we MUST put position on right direction.

I wont ask you about “Do you ready to make profit” because everybody does. But “Do you ready to take a risk and how much?” that become the main question here.

More higher Spread = More money that you put on risk (if shit happen)

So the idea is to found the minimum spread from all pair.

let take a look

 

Symbol Bid Ask Spread
EURUSD 1.29609 1.29630 0.00021
USDCAD 1.01334 1.01366 0.00032
EURJPY 0.83235 0.83271 0.00036
GBPUSD 1.55672 1.55709 0.00037
USDCHF 0.93060 0.93099 0.00039
EURGBP 1.04337 1.04379 0.00042
EURAUD 1.24179 1.24237 0.00058
AUDCAD 1.05742 1.05800 0.00058
EURCAD 1.31345 1.31404 0.00059
GBPCHF 1.44880 1.44948 0.00068

and we got EURUSD with the minimum spread

 

-0.00021

Today Calendar EURUSD – 2012 01 25

Date 9:27pm Currency Impact Actual Forecast Previous
Wed

Jan 25

4:00pm EUR Good (up)
German Ifo Business Climate
107.6
107.2
4:00pm EUR Bad (down)
Italian Retail Sales m/m
-0.1%
0.1%
Day 1 ALL
WEF Annual Meetings
8:15pm EUR
ECB President Draghi Speaks
Note: From calendar forecast we got
1. between 00:00 until 16:00 : up (high impact)
2. between 00:00 until 16:00 : down (low impact) I assume "up" is more dominate over "down"

Now for technical
Open position for up : if (open price < close price) and (macd value > macd signal) and (+di > -di )
Open position for down : if (open price > close price) and (macd signal > macd value) and (-di > +di )

Today Calendar EURUSD – 2012 01 24

Date Currency Forecast Impact Actual Forecast Previous
Tue

Jan 24

3:00pm EUR Good (up)
French Flash Manufacturing PMI
48.5
49.2
48.9
3:00pm EUR  Good (up)
French Flash Services PMI
51.7
50.5
50.3
3:30pm EUR  Good (up)
German Flash Manufacturing PMI
50.9
49.1
48.4
3:30pm EUR Good (up)
German Flash Services PMI
54.5
52.6
52.4
4:00pm EUR  Good (up)
Flash Manufacturing PMI
48.7
47.4
46.9
4:00pm EUR  Good (up)
Flash Services PMI
50.5
49.1
48.8
All Day EUR
ECOFIN Meetings
5:00pm EUR Bad (down)
Industrial New Orders m/m
-1.3%
-2.1%
1.5%
  9:00pm EUR  Good (up)
Belgium NBB Business Climate
-10.1
-10.6

Note: From calendar forecast we got
1. between 00:00 until 15:00 : up
2. between 15:00 until 16:00 : down
3. between 16:00 until 19:00 : up

Now for technical
Open position for up : if (open price < close price) and (macd value > macd signal) and (+di > -di )
Open position for down : if (open price > close price) and (macd signal > macd value) and (-di > +di )