didnt need a rate cut to hit the floor
got 80 on the way down
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didnt need a rate cut to hit the floor
got 80 on the way down
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This is considered the UK's most important inflation data because it's used as the central bank's inflation target
Powerful Move Possible
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Do you guys trade during news periods? seems a bit scary even with stops
sometimes , it sort of speeds a trade up , your either right or wrong.
got a long elliot wave count at moment.
Tok3n
If you trade the news.......you have to be able to feel the fear without quivering......
you need wide stops (or if you can - no stops).....you must take quick profits/quick losses.
Pre-release.
Secret is to try to be positioned before the event.....but you need to be able to judge the mood. And remember sometimes black is white, yes is no.....if you get the idea...........read between the lines
Try counting waves.....it can sometimes be a help
Good luck
arco
I was seeing us currently in wave c
with the 5 purple waves and the a and c wave in yellow
1 = 5 and if c = a then back to 1.77
But its just me sayin what I see....I'm very open to why this count might be wrong or how else to do it.
thanks arco , yes doc see on the chart currently in a 4th wave , which means there is still one more wave higher , 5th wave
not much use at the moment as risk is too great to go long from here
so waiting for 830 which may take price lower and a more favorablr risk to go long or break 3rd wave high to then complete 5th wave.
so just waiting