10:30 GBP BOE Gov King Speaks
10:30 GBP BOE Inflation Report
The announcement today made cable bounce up and down wildly finally dropping over 100 points...
The first big huge red candle you see actually dropped 50 points alone! This is why a lot of experts advise not to trade around announcements. As an individual at home you are at the mercy of huge corporations.
Whatever indicators you use may be of no use to you. I initially had a sell signal before the first 9.30 announcement and cable went long!
The 10.30 announcement then dropped it like a rocket. If you are brave and have a trader profile by definition of wealth dynamics? Then you may have used it to your advantage!
I am of the belief that you should avoid it at all cost, the big boys no the information up front and use it to their advantage!
The morning ftse trade delivered 20 points again!
On to tomorrow!
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