MARKET MAKER METHOD:
MID WEEK REVERSAL time. Expecting an "M" formation to develop near U.S. market open when news releases are out for GBP@7a.m. U.S. Central time for me. I can see MM making the big SHORT moves near or during the HIGH impact news releases scheduled today for GBP. Asian range is already blown out beyond the 50 PIP preferred range. I prefer not to trade during HIGH impact news, but if the "M" formation develops at the price level I'm aiming for I'm in for the ride, SHORT!!
GOOD LUCK TRADERS!!
MID WEEK REVERSAL time. Expecting an "M" formation to develop near U.S. market open when news releases are out for GBP@7a.m. U.S. Central time for me. I can see MM making the big SHORT moves near or during the HIGH impact news releases scheduled today for GBP. Asian range is already blown out beyond the 50 PIP preferred range. I prefer not to trade during HIGH impact news, but if the "M" formation develops at the price level I'm aiming for I'm in for the ride, SHORT!!
GOOD LUCK TRADERS!!
Trade closed: stop reached:
STOPPED OUT!! Onto the next trade...