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Cable Update (GBPUSD)

  • #663,741
  • Jun 15, 2022 8:10am Jun 15, 2022 8:10am
Quoting BeeTogether
{quote} No just psychological areas. If it breached 12150 then there is a case for 122
To me 2122 is short area for today.

This is what my chart says.

However, I will wait and see if a support forms for me to book profit and get out
Intraday only.
  • #663,742
  • Jun 15, 2022 8:10am Jun 15, 2022 8:10am
Quoting PatienceFx
retail and core retail came out bad for usd
Please explain to me...I'm curious to know,if the news was bad for usd,why is Dxy rising due to the news? It's confusing to me...
  • #663,743
  • Jun 15, 2022 8:20am Jun 15, 2022 8:20am
Quoting KendrickWavy
{quote} Please explain to me...I'm curious to know,if the news was bad for usd,why is Dxy rising due to the news? It's confusing to me...
its called rebalance and gap close.
  • #663,744
  • Jun 15, 2022 8:21am Jun 15, 2022 8:21am
Quoting KendrickWavy
{quote} Please explain to me...I'm curious to know,if the news was bad for usd,why is Dxy rising due to the news? It's confusing to me...
could be a number of factors, rising for a liquidity area to then go down in or even the news not as a important as FOMC will over shadow
Insane in the Brain..
  • #663,745
  • Jun 15, 2022 8:38am Jun 15, 2022 8:38am
Quoting Moty
I am long again {image} {image}
GU

At least let the GAP close first before setting for going long.

This way , you may minimise drawdown and entry with low risk. ( your losses are tiny)

Attached Image (click to enlarge)
Click to Enlarge Name: gu 247.jpg Size: 105 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,746
  • Jun 15, 2022 8:48am Jun 15, 2022 8:48am
Quoting BeeTogether
{quote} could be a number of factors, rising for a liquidity area to then go down in or even the news not as a important as FOMC will over shadow
Yes, all focus on FOMC.
Keeping the bullet dry.

After all the difference numbers in data came out are too small to give any impact in large scale.

USD:- Core Retail Sales m/m
ACTUAL = 0.5%
FORECAST = 0.7%
PREVIOUS = 0.6%
NEGATIVE FOR USD AND POSITIVE FOR GOLD
USD:- Retail Sales m/m
ACTUAL = -0.3%
FORECAST = 0.1%
PREVIOUS = 0.9%
NEGATIVE FOR USD AND POSITIVE FOR GOLD
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,747
  • Jun 15, 2022 8:50am Jun 15, 2022 8:50am
EUR/JPY sell in 3 2 1 GO.
  • #663,748
  • Jun 15, 2022 8:52am Jun 15, 2022 8:52am
retail sales trade
Attached Image (click to enlarge)
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  • #663,749
  • Jun 15, 2022 9:00am Jun 15, 2022 9:00am
Quoting Pat Chiko
{quote} Yes, all focus on FOMC. Keeping the bullet dry. After all the difference numbers in data came out are too small to give any impact in large scale. USD:- Core Retail Sales m/m ACTUAL = 0.5% FORECAST = 0.7% PREVIOUS = 0.6% NEGATIVE FOR USD AND POSITIVE FOR GOLD USD:- Retail Sales m/m ACTUAL = -0.3% FORECAST = 0.1% PREVIOUS = 0.9% NEGATIVE FOR USD AND POSITIVE FOR GOLD
Where did you get your m/m figures from?

I thought it was 0.1 forecast and -0.3 actual?

So retail has actually contracted in the last month?
  • #663,750
  • Jun 15, 2022 9:10am Jun 15, 2022 9:10am
Quoting Pat Chiko
{quote} UJ Pull back prior to news {image}
UJ

Not looking good

About to get stopped out

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,751
  • Jun 15, 2022 9:12am Jun 15, 2022 9:12am
Quoting Pat Chiko
{quote} UJ Not looking good About to get stopped out {image}
Your Risk vs. Reward is awesome!
  • #663,752
  • Jun 15, 2022 9:13am Jun 15, 2022 9:13am
Quoting Doddycross
{quote} Where did you get your m/m figures from? I thought it was 0.1 forecast and -0.3 actual? So retail has actually contracted in the last month?

Got it from Forex Factory.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,753
  • Jun 15, 2022 9:13am Jun 15, 2022 9:13am
Go go go to 1.21245
Attached Image (click to enlarge)
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yes yes yes
  • #663,754
  • Jun 15, 2022 9:14am Jun 15, 2022 9:14am
Quoting Pat Chiko
{quote} UJ Not looking good About to get stopped out {image}
As long as 134.80 holds, it's good to go to sell untop 132
  • #663,755
  • Jun 15, 2022 9:16am Jun 15, 2022 9:16am
Quoting Traderview
{quote} As long as 134.80 holds, it's good to go to sell untop 132

Lol........ no luck if my Stop taken.

The entry are based on my set up.

I trade accordingly, if it fails too bad ( crying).

Fight another later for FOMC
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,756
  • Jun 15, 2022 9:18am Jun 15, 2022 9:18am
Quoting Pat Chiko
{quote} Got it from Forex Factory. {image}
So it was 0.1 forecast and -0.3 actual then. I think you wrote something different? It’s just that it makes a fair difference as retail sales actually contracted rather than lower.

Won’t that potentially have an effect on the Fed’s decision making between 0.5 and 0.75?
  • #663,757
  • Jun 15, 2022 9:26am Jun 15, 2022 9:26am
Quoting Doddycross
{quote} So it was 0.1 forecast and -0.3 actual then. I think you wrote something different? It’s just that it makes a fair difference as retail sales actually contracted rather than lower. Won’t that potentially have an effect on the Fed’s decision making between 0.5 and 0.75?
NO. I wrote exactly the same number as data came out.

Have to look Data carefully.

There is two type :

Retail Sales
Core Retail Sales
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #663,758
  • Jun 15, 2022 9:32am Jun 15, 2022 9:32am
The daily fax data read out same as Pats
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Insane in the Brain..
  • #663,759
  • Jun 15, 2022 9:35am Jun 15, 2022 9:35am
Quoting navk
{quote} To me 2122 is short area for today. This is what my chart says. However, I will wait and see if a support forms for me to book profit and get out
2094 is my stop now.

Adjusted
Intraday only.
  • #663,760
  • Jun 15, 2022 9:36am Jun 15, 2022 9:36am
Quoting BeeTogether
{quote} could be a number of factors, rising for a liquidity area to then go down in or even the news not as a important as FOMC will over shadow
Thanks,you just made this a lot clearer
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