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

[peti305]

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

 

[Vladon]

Its sad that such things like controlling quotes exist

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.