UK BOE Rate Decision and APF Spike Trade 10/06/11

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UPDATE
With Wednesday’s Final GDP figure at 0.1%, pressures are on for BOE to do “something”; and in fact BOE raised raised their APF (Asset Purchase Facility) to 275B from the expected 200B.

The GBP/USD dropped immediately and Henry jumped in on the spike at around 1.5370 and closed the trade with 70 pips of profit.

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About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

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