Anyone kind expecting where BOE rate going today. Used all brain cell to focus on Fed.
Expecting 50bps while votes: 6(50bps) 1(25bps) 2(0bps)
Thus fall in GU by 50-70pips on BOE rate release and retracement then another 40-50pips fall on ECB release. In total we can easily get a 90pips fall.
But wont trade today, took a day off, as i'm preparing myself for NFP.
Not predicting, but i love to have a base scenario in my head so when actual deviates from my based scenario, it made me react quickly to close or to add, unfortunately I'm not that experienced trader so I never reverse, because it is not a planned trade. So I simply look for decent BO then N3 on RT in the opposite direction.
Expecting 50bps while votes: 6(50bps) 1(25bps) 2(0bps)
Thus fall in GU by 50-70pips on BOE rate release and retracement then another 40-50pips fall on ECB release. In total we can easily get a 90pips fall.
But wont trade today, took a day off, as i'm preparing myself for NFP.
Not predicting, but i love to have a base scenario in my head so when actual deviates from my based scenario, it made me react quickly to close or to add, unfortunately I'm not that experienced trader so I never reverse, because it is not a planned trade. So I simply look for decent BO then N3 on RT in the opposite direction.
Not afraid to be wrong, ik what am goin' to lose!
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