GBP TARGET HIT

THE GBP HIT THE TARGET OF 9787 AT 2:40 PM EST

AT THE TIME OF THIS WRITING IT HAS BOUNCED AS ANTICIPATED WITH A BULL PIVOT ON THE 1HR.

THIS IS NOT TO BE CONSTRUED AS A BUY SIGNAL.

IF WE GET A BULL PIVOT ON THE 4HR THAT WILL BE A SIGNAL THAT THIS MARKET WILL BE PUMPED TO BREAK THROUGH FIB 38%.

YOUR FRIENDLY OPERATORS CUT THIS LEVEL AS INDICATED IN MY EARLIER POST. THIS IS WHAT HAPPENS WHEN THE HERD IS AT A SUPPORT/RESISTANCE LEVEL. NOW THAT MOST OF THE HERD HAS BEEN SHOOK OUT BY THIS DOWN MOVE AND NOT TOO MANY WILL PROFIT FROM THAT 38% LEVEL THE MARKET IS READY TO GO THERE NOW. BUT REMEMBER, ONLY A 4HR BULL PIVOT WILL CONFIRM THIS.

CUTTING SUPPORT/RESISTANCE

Like I stated in my GBP analysis, market makers will cut the target like they did at 38% Fibonacci, when there is high volume at a known support/resistance area and too many small traders will profit.

Know that the major players do not intend for you to profit ever. They've got computers that make your desktop look like a pencil and paper.

They don't have to target you personally, Like the phone systems, and when too many traders will profit, it eats into their profits. Thus, when the level of high volume is approached, (well known support/resistance-the herd), the computerized buy or sell program kicks in.

Many of you might have heard about the computer system called echelon, A.K.A. "THE BEAST", that certain governments use to monitor every single item of electronic communication across the globe.

So, you should not consider it a stretch to conclude that operators who control trillions of dollars in assets have access to similar hardware for you Mr. and Mrs. Herd.

I often get traders who want to debate me about operators and how they don't have time to monitor their itty bitty account and I am some kind of conspiracy nut.Well, reality bites and if you choose to remain willfully ignorant of it, it swallows.

I don't get those debates now since it's been all over the media about these Orwellian systems. But like everything else, that information was available 10 years ago for those who want to know. And it's like many things that I reveal to you, they will also be revealed in the future. But just like it's to late to stop the beast now, it will be too late for the herd then.

And that is why LCM works so well. Because hidden areas of support/resistance levels are revealed to you where the herd knows nothing about. "THE BEAST" skips over you for fatter pickings elsewhere.

Jerry