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Cable Update (GBPUSD)

  • #648,061
  • Jan 12, 2022 7:06am Jan 12, 2022 7:06am
D1
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  • #648,062
  • Jan 12, 2022 7:26am Jan 12, 2022 7:26am
Quoting mysterio
{quote} spike up to 1.3650-60 area then sell

Sounds good. Higher CPI is good for dollar, as the interest rate rise trigger.

But we already know rates will be increased. This is depending on the bigger players game.
  • #648,063
  • Jan 12, 2022 7:28am Jan 12, 2022 7:28am
Quoting Jolita
{quote} Sounds good. Higher CPI is good for dollar, as the interest rate rise trigger. But we already know rates will be increased. This is depending on the bigger players game.
Honestly-- I go purely on technicals-- I follow the fundamentals and they are interesting to me but the technicals tell a much more predictable and interesting story too

Where is the liquidity, where are the big players buying and selling, and what is the PA saying is what interests me
  • #648,064
  • Jan 12, 2022 7:31am Jan 12, 2022 7:31am
After all that, it moves 10 pips?
  • #648,065
  • Jan 12, 2022 7:35am Jan 12, 2022 7:35am
So my 3650 hit. Of course it was going to hit. Now let's see what happens from here.
  • #648,066
  • Jan 12, 2022 7:39am Jan 12, 2022 7:39am
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yes yes yes
  • #648,067
  • Jan 12, 2022 7:39am Jan 12, 2022 7:39am
Very surprised to see high inflation is good for market and bad for dollar
COT: The precious data ignored
  • #648,068
  • Edited 8:33am Jan 12, 2022 7:44am | Edited 8:33am
Quoting mysterio
{quote} Honestly-- I go purely on technicals-- I follow the fundamentals and they are interesting to me but the technicals tell a much more predictable and interesting story too Where is the liquidity, where are the big players buying and selling, and what is the PA saying is what interests me
Core CPI is 0.1% higher, good for US dollar. But also a demand for Energy.

Real trend will start in about 5 min.
Over 13684 now.

Yes , concentrating on technicals is best, otherwise too much chaos.
I do compare both, but find that not following fundamentals gives me better result in trading.
  • #648,069
  • Jan 12, 2022 7:48am Jan 12, 2022 7:48am
Quoting kuroro001
Very surprised to see high inflation is good for market and bad for dollar
You know data means nothing in the short term. They went for liquidity and it was clear as daylight. What matters is where they close today.
  • #648,070
  • Jan 12, 2022 7:48am Jan 12, 2022 7:48am
pounds hasn't reacted yet
Daddy, Brother, Lover, Little Boy
  • #648,071
  • Jan 12, 2022 7:56am Jan 12, 2022 7:56am
Quoting Moty
{quote} {image} {image} {image}

i still hodl eu and eg
not euphoria follower
  • #648,072
  • Jan 12, 2022 8:00am Jan 12, 2022 8:00am
Quoting iqyu5an
{quote} i still hodl eu and eg
last 30 minute Exnes not support entry or closing
i don't no why?any trader face this problem
  • #648,073
  • Jan 12, 2022 8:01am Jan 12, 2022 8:01am
Cable probably make a flag at least on the 10 minute .
  • #648,074
  • Jan 12, 2022 8:02am Jan 12, 2022 8:02am
Quoting tauhidur
{quote} last 30 minute Exnes not support entry or closing i don't no why?any trader face this problem
may be ....news
not euphoria follower
  • #648,075
  • Jan 12, 2022 8:05am Jan 12, 2022 8:05am
Quoting Bones
I think the CPlie will come in on target ,this is a manufactured number... While I don't generally subscribe to conspiracies, the fact is the calculation is that crazy you have to start asking questions . It's very important to hold this number down ,as its a multiplier on many aspects of government costs. To get any handle on how they do it ,the cost of shelter is a good place to start (about 30% of the total in rent type) They survey to ask home owners how much they would rent their home out rather than following actual prices .Anybody can see...
its on target pretty much ,its not a very hot number in a nutshell ,which gives the fed its narrative
you can see its on the low end of 2021
this plays into a cooling inflation later idea ,which is false
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,076
  • Jan 12, 2022 8:08am Jan 12, 2022 8:08am
Quoting tauhidur
{quote} last 30 minute Exnes not support entry or closing i don't no why?any trader face this problem
They do that intentionally. They will give you excuses later. If my broker ever does that I will ditch them the next day. I also think price might take a dump and they don't want people shorting here. Anything else they say is just excuses upon excuses.
  • #648,077
  • Edited 8:24am Jan 12, 2022 8:09am | Edited 8:24am
usdx after 95.52 breaks , 95.20 trendline tested . some support likely arounds . again for gu 3683/96 also good resistance , tough to break easily. just care as may some correction space now available .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #648,078
  • Jan 12, 2022 8:10am Jan 12, 2022 8:10am
Quoting Wavegarrick
{quote} Hi Guys, Two possible scenarios: Much like yesterday Frankfurt/LO if they break my green box or Asia high I get a measured target of my Monthly res 1 at 1.36672. However, there is a confluence of pivots at 1.36494. My yearly pivot and my weekly res 1. My mid-round number is just above at 1.36500. So I will watch for rejection here failing which my MR 1 at 1.36672 an attractive target. If they drop it directly from here with a lower hourly candle close I will close my long trade immediately and go with my short. for a daily target at my daily...
Well, it seems my first case scenario unfolded. My MR 1 at 1.36672 was overshot by 13 pips, crumbs not easy, is it?. My 50% Fib retrace for the yearly high to low lies at 1.37066. Could they be gunning for this? I am in with 2 shorts. Stops 35 to 40 pips.
Trade safe,
Cheers.
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Trade to trade another day
  • #648,079
  • Jan 12, 2022 8:11am Jan 12, 2022 8:11am
no lines necessary
the weekly is telling you its in an uptrend
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #648,080
  • Edited 8:31am Jan 12, 2022 8:12am | Edited 8:31am
Look at 15 min chart, shooting star formation is forming, bullish rejection.

Edit: - invalid, bulls not giving up as yet.
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