US Session Opens
Big FOMC day. Six hours from now the FOMC releases begin. Could be a day of whip and whack on your favorite pairs. Be careful about loading positions beforehand.
Any day the corrupt MMs can move prices 100-200 pips without any excuse at all, other than they like to do this to get liquidity to accumulate right side positions by stopping out the right side positions of others and by triggering into the market pending orders for wrong side positions. But they are sure to find some excuses today as backup for any such price manipulations they might attempt.
Remember, this is could be a big day, and remember that you are dealing with corrupt, dirt, rotten, stinking, greedy, liquidity providing bank MMs that want your money, and that have the money it takes to manipulate prices in order to steal your money from you, even before your trades go in your direction.
Be cautious and patient.
-tah
Big FOMC day. Six hours from now the FOMC releases begin. Could be a day of whip and whack on your favorite pairs. Be careful about loading positions beforehand.
Any day the corrupt MMs can move prices 100-200 pips without any excuse at all, other than they like to do this to get liquidity to accumulate right side positions by stopping out the right side positions of others and by triggering into the market pending orders for wrong side positions. But they are sure to find some excuses today as backup for any such price manipulations they might attempt.
Remember, this is could be a big day, and remember that you are dealing with corrupt, dirt, rotten, stinking, greedy, liquidity providing bank MMs that want your money, and that have the money it takes to manipulate prices in order to steal your money from you, even before your trades go in your direction.
Be cautious and patient.
-tah