Forex Signal (Tue September 14 2010, 4:30am NY Time EDT) - UK CPI y/y

peti305

Wealthified Representative
Messages
198
I did say that it was a stop-hunting from the market-maker, not from your broker.

The price action you described was seen at many, if not all, brokers, but nevertheless
it was a typical stop-hunting from the market-maker, that is from the very huge ever-hungry
shark, which can afford to control the way GBP/USD quotes. :) (Yes, it does exist. :))
I see now, thx for answering.

Its sad that such things like controlling quotes exist :confused:
 

Vladon

Private, 1st Class
Messages
34
Its sad that such things like controlling quotes exist :confused:
I do agree with you that the life would be much better otherwise:
just put the sell-stop a bit lower and the buy-stop a bit higher than
the current market price just before any important news release
and collect the profit a few minutes later. :)

But, unfortunately, there is no free lunch in this life. :(
 
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