Sorry for the late update.
My balance is $521 now. Last week it was a bit confusing because positive US numbers had been released and still the dollar weakened after Wednesday. However, on Monday and Tuesday I raised my balance above $600, for the very first time ever.
I only traded the Dollar index last week (DXY). It’s interesting because the DXY weighs against all the other currencies. The EURUSD moves exactly the opposite direction so it doesn’t really matter if you trade the EURUSD or DXY, I think.
But I couldn’t open a small position with the DXY. Couldn’t input 0.01, only 1. So I had to risk a bit with it. That’s why I got above $600 then, confusingly, below $500. After that I managed to get it back to $521 by Friday.
I think technical is as important as fundamental analysis. Even though there are positive numbers getting released, it can be still bearish because of the technical side… I guess… Just look at the DXY last week and you’ll see.
I still think the Dollar is going to strengthen in the long term. BUT… the mid-term election is happening this week so I’m a bit afraid of trading. Anyway, I still think I’ll open a few positions according to daily and weekly charts. (any pair)
Well, I’ll update later this week, because you know, I’m a swing trader.