Terrible days this week. Yes we know there are winning streaks and losing streaks, and I have heard of successful traders going dry or at a loss for half a year and more. But this is also quite hard to tank. 12 USD profit this week, but paper losses piled up more as GBP, XAU and XAG shot up. A very weak dollar which seems to be rotting away is killing my trades. DOT/USD seems to be stagnant too, unable to muster the energy to break past its current range to hit new highs.
Very busy this week due to personal schedule, so I will not write too long this round.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
