IT has been called to attention that past performance is not a predictor of future performance.
Well, if everything were that predictable, then Laze' fair would not be applicable.
If we look at the following chart, we can see that there was quire a run to the positive for the USD.
Whoever said the USD was in decline must have looked at a different chart.
When your country racks up debt, but you still have a strong currency, you are more inclined to focus on the numbers rather than the "NEWS" behind it.
What are we looking at for the next move?
I'm looking for the next entry for when the CCI is over +100. From there we will plan our next trade.
Account #1
Account #2
I'll be making a call at some point to discuss this with my broker, however, it's going to take for good table conversation for a while.
As for our next trade, I'll give an update tomorrow with our status. I anticipate there is going to be no action tomorrow given that its a Friday and there was so much movement today (100+ PIPS).
Tomorrows news is as follows:
The Empire state MFG Index looks to be a mover and shaker, but... Time will tell.
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