I would say that these trades are discretionary. Maybe you can say I am bottom fishing, but I have no idea about where is the bottom. I am just being bullish about Aussie dollar at the moment.
I am currently long AUDUSD, USDSGD, USDJPY, AUDJPY. I opened these positions since starting of Asian session yesterday. We saw a wild swing throughout the day and all positions are in the money at the moment.
I am watching the market closely. And these trades should last for days if not weeks. In addition, I am having the advantage in term of interest payments for these long positions.
Let’s see how it goes. I am still trying to refine my trading strategy.