Bank of England Inflation Report Hearings

What will be the impact?

could push gbp higher, wait for the break on chart

no one knows - if anyone knew for sure they'll be billionaires by the end of the hour.

@shellsnail, thats true...its glambling game

no impact ?

is not gambling if you use your chart and trade your system ;-)

this is nothing new, so no impact

gambling the odds are stacked against you no matter how you manage the risk/money.

trading the odds can be put in your favour if you manage your risk correctly because of only one thing and that is the fact that moves tend to be persistent...

at the end of the day there are only two trades you can take. It's either a retracement trade or a breakout trade. both are relying on persistence of price, the former being the prior trend persisting and the latter being the immediate trend persisting.

edit: ok the exception is when the currency pair is making new highs(lows) that have never been made before and you are shorting(buying) it - not sure if that can be considered a trade rather than a pure gamble.

im expecting 1.58900. but before price should hit 1.61310. bellow this price pound will see 1.58900. hope it will see the 1.61310 buy today

The last time there was a BOE Inflation Letter, the Pound, which had already moved up following themonthly Claimant Count, immediateky gained Another 100 pips.

But this just says "Inflation report hearings" whatever that means.

All I know is whoever is trading this currently & using tight stops is probably having a rough time :O

Not if my system uses "gambling" / randomness / noise injection ;-)

Probably paid by a bank or a big player to keep traders attentive to this news...

I'm going long...
Now I'm short

I can say that i Knew nothing concerning Fundamental trading which I believe its means trading the new, I am a technical trader trying to find my feet in trading world, and this news of the thing is always badly affecting my trade.

Please I am going to ask few questions, and I am praying you good pro will help me out?

1. When its does show that (Good for currency) and it is GBP and actually it is good for the currency and I am about to trade GBPJPY or GBPUSD DO I GO BULLS BEARS Sell or Buy what so ever?

2. Can a trader do without trading the NEWS?

I Know I still have long long way to go.

THANKS YOU OUT THERE.

Dear amoniyan

1. GBPJPY AND GBPUSD , sometimes not have the same way and its not mean if one of them go up mean tht will follow directly but it will effect because for each one have own trend.
2. Technical with reading the news and see the results most perfect because they complete each others.
3. Try to practice and open and close many transactions untill u get your own way for how to trade well and understand the market, and if u not hve any idea any day to trade never enter the market.

Note: let the chance come to ur hand and dont run after it.

Please visit my page at facebook if you like to contact me for any help or who want to join me: http://www.facebook.com/Forexbusiness

regards
Sadek ElSadek