EUR/USD is rallying strongly. Cable is at it’s highest level in some 26-years. Previously, times of great volatility or break-outs, such as the ones we are experiencing today, would have suckered me into the action. ‘I am a trader, and if I do not trade now, then when?’, I would say to myself. I nearly always lost money on these occasions, usually betting on reversals that never materialised. That I haven’t traded today is an encouraging sign with respect to the bigger, broader outlook.