{quote} pound , i decide lock profit {image} BOE Inflation Report: Wednesday, 9:30. Analysts play close attention the Inflation Report, which contains the BOE’s forecasts for inflation and economic growth over the next two years. Stronger growth and inflation levels can lead to higher interest rates, which is bullish for the pound. BOE Governor Mark Carney will host a press conference about the Inflation Report.
EURUSD M1 MM's doing their thing , great job thieves ! {image}
GBPUSD: Sonicers, In three to four hours from now there will be four GBP high impact releases, which you are notified of on your SonicR template. Note the PA drop thru the 3/4 level (PVSRA) and the strong recovery evidenced by notable volume (PVSRA), and which includes several engulfing bull bars (PVSRA). Since the start of the Asian session today, the PA has been a drifting of the price back lower, but not significantly so, just back to the whole number (PVSRA). The MMs want more cheap longs, but do not want to inhibit others from thinking they need to enter longs now because it is not going lower. The more longs that have come in since the bottom, and that might still be coaxed to come in before the releases are over with, are food for the MMs if they do another Stop Hunt of longs (PVSRA). At least that is a safe way to view things in case the MMs do mount another Stop Hunt of longs before moving this higher. And moving this higher is likely the end game here. H4 looks to be basing. H1 has struck low already and the recovery was very strong. This is an ideal situation for bull MMs to await more longs - coax them in - and then Stop Hunt them before proceeding with more upside. It is also an opportunity for us to build our long trades if we are open minded about all the things that can happen and exercise flexibility, frugality and patience. WARNING: Speculative. {image}
No matter what we draw on our charts, MMs and economic news have full influence on the currencies.... This can be seen in the GU...
{quote} took that too , just long eurusd {image}
kiwi holding long {image}
{quote} Tah The amount of energy used in cursing what you call the "Robber Banks" in almost every post is mind boggling. Would you be making those comments if you were working for one of the investment banks and your income and bonus relied on feeding your family - perhaps you would not bite the hand that feeds you? I think you expect all the institutional banks to provide you with direct access to their terminals so that you can replicate their trades. If trading Forex is becoming too painful for you, perhaps you should choose trading equities...
