I would appreciate if some trading fundamental analysis expert could please explain me this. Recently I lost basically all my entire life savings, everything i worked for, for over 3 years, waking up daily at 5am. All my money is lost and want to know the solution where and why I was wrong. I am asking for AUDUSD, although similar large consequence was on other symbols too.
So recently Apple's bad results in China effected AUDUSD with large downtrend and I was in uptrend position (because of double bottom pattern) for around two months, praying to go up but it didn't. Obviously Apple is USA company so it should effect symbols (their charts) where USD is either on the left part or on the right part (audUSD) but what I don't understand is the following: there where NEGATIVE news about Apple which means NEGATIVE news about USD too. Since USD is on the right part of trading symbol, this means that consequence on the chart should be the opposite one comparing to the result of event. This is for sure correct so bad news for Apple means bad news for USD, therefore there should be uptrend but major downtrend occur. My first, out of two, questions is: WHY? How is this possible? AUD, i assume so, cannot be effected on this event (negative news for Apple) but why downtrend if USD is on the right side? It should be uptrend.
Second question: Would you please kindly forward me to some learning resources (links, ebooks,...) or event consultants where could I learn what affect has particular event on what trading symbol? I would like to learn as much as possible about how parameter A (event A) could affect symbol B. Example: I made another very large loss on USDMXN downtrend position when around three months ago some Mexican institution stopped airport construction. I don't know if they stopped continuation of construction or start of construction. Just because in description of event was mentioned name of the country (Mexico) it was easy to understand that this could affect trading symbols that have either on left or right part of the symbol MXN (i lost the money anyway because i know nothing about events but i traded patterns). But if name of the country was missing in event description article, I would have no idea to which symbols is it related to. So in this second question, I am asking where could I learn more about which event has effect on which symbol... I am not economist and going through thousands of economy books would take decades... Please kindly forward me to some resources, consultants, etc.
Thank you in advance and happy, healthy new year.