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Cable Update (GBPUSD)

  • #719,521
  • Edited 8:05pm Jan 9, 2023 7:20pm | Edited 8:05pm
Quoting dempire1
{quote} Long. Edit: 1.21850 is a crucial area. I will be monitoring this area for pontential shorts aswell. Need to be cautious. {image}
Long again. 1.21850 rejected nicely. Hopefully I'll get a nice run up now.

Btw how do you save your trades on mt4? Is there somekind of indicator for that to show past trades that you took?

Thanks


Edit: Moved SL to BE. Might drop from 1.217 zone. Need to watch PA.
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How to succeed in zero sum game?
  • #719,522
  • Jan 9, 2023 7:22pm Jan 9, 2023 7:22pm
GOLD may buy 380 pip today... Buy now while it is at discount..

Good Luck
My telegram: https://t.me/avidforex
  • #719,523
  • Jan 9, 2023 7:26pm Jan 9, 2023 7:26pm
Quoting RaHaG0D
Guys, this is a good opportunity to say goodbye because I don't plan to trade for this year. For my child who will be born soon, I need to spend more time and stay away from stress. This is why I left a message again these days to be more in the trading space before I leave. Read Tonyb123's forum on the site. I enjoy them and they are very informative. And I am working. There is a trading system that suits my personality very well. I will only be on the site to learn from Tonyb123's forum. Finally, if I have offended someone with my words or made...
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  • #719,524
  • Jan 9, 2023 7:26pm Jan 9, 2023 7:26pm
Quoting DubaiFX
{quote} Thanks Bro, but to be Honest i might have been Wrong, about 1.2250 it may not Reach there not atlest today. i shorted 1.2200 and will short again at 1.2230 and 1.2250 if it reaches there, but USDX bulls are Getting in Fast they might Push into 103 and if that Happened then 1.2200 might have be the High for Pound. and we will see 1.2120 very very soon. maybe before end of Today believe it or not...
Well it Didnt happen Yesterday but Today is Good for USDX,

but i was Wrong about 1.2250 i didn't Reach there, maybe Powell can Push it, who Knows...

but i sincerely Doubt that, because USDX looks to be Getting Strong,
according to Sentiment data from Bloomberg it is up 5% from Yesterday currently standing at 34% not a Bad number considering it dropped to 19% Yesterday..
and Remember Powel will be Wire in 10 Hours and trust me they will Push the $ higher, why???
Answer will come in my Next post in few hours. Stay Tuned..
till then Good luck,
i may be Wrong but i will not CLose my sell
i will wait for 1.12060 Some of you may think i am Crazy like When i was Screamng SELL at 1.2400 my old posts will tell you,
but i am not alone and now we have strong sell Going from 1.2200 to 1.2060
i have no idea when it will Reach there but if i am reading it correctly tomorrow is very much possible...

“Currency is something we use and we touch every day. And when done right, it can tell us who we are, what we value, and what is possible.. "Janet Yellen"
Don't compare your Trades with Others
  • #719,525
  • Jan 9, 2023 7:30pm Jan 9, 2023 7:30pm
Quoting BigNumbers
GOLD may buy 380 pip todays... Buy now while it is at discount.. Good Luck

I hope we get lucky
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My telegram: https://t.me/avidforex
  • #719,526
  • Jan 9, 2023 8:03pm Jan 9, 2023 8:03pm
Quoting BigNumbers
{quote} I hope we get lucky {image}
Gold drop soon, today
  • #719,527
  • Edited 8:34pm Jan 9, 2023 8:10pm | Edited 8:34pm
Quoting Pat Chiko
{quote} GU Monday is full of LQ sweep. Waiting for NYO. Need to see some spikes for LQ sweep.{image}

US CPI (Inflation Data) Thursday.

Economist xpect to see a further moderation in the annual rate of inflation from 7.1% down to 6.6% - still more than three times higher than the Fed's 2% target.

CPI (US inflation data) will help determine the size of the Federal Reserve’s next interest-rate increase.
Here is Cleveland Fed Nowcast on US CPI on Thursday. Read carefully, it is higher than expected.
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In conclusion....
Fed decides its policy on inflation
Target is to bring it down to 2% vs 7.1%currently
Jobs data – Strong

But,
Most important wage growth is slowing down (One of the parameters for inflation)
Now all eyes on US CPI - Thursday
Will it bring another 25 bps hike expected in next Fed policy ?



GU

Continuation from yesterday pick up point where "origin of CP" filled and price reverse in Tokyo.

Few level to watch for prior to LO, where price may want to bounce back up to find enough LQ until US CPI on Thursday.
CPI report will be the key data point to look out for over the coming week in the US.
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NOTE :
On Friday & Monday ..........GBPUSD Rallies on USDollah Weakness
US ISM data suggest the US economy is contracting.
GBP/USD rallies but Sterling is not the driver of the move
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,528
  • Jan 9, 2023 8:12pm Jan 9, 2023 8:12pm
Quoting dempire1
{quote} Long again. 1.21850 rejected nicely. Hopefully I'll get a nice run up now. Btw how do you save your trades on mt4? Is there somekind of indicator for that to show past trades that you took? Thanks Edit: Moved SL to BE. Might drop from 1.217 zone. Need to watch PA. {image}
Here Dempire1 try this.... you will see your trades with arrows and you can go back and look at them at a later time.
Attached File(s)
File Type: ex4 Trade_Plotter.ex4   11 KB | 167 downloads
File Type: mq4 Trade_Plotter.mq4   3 KB | 263 downloads
  • #719,529
  • Jan 9, 2023 8:55pm Jan 9, 2023 8:55pm
Quoting BigNumbers
GOLD may buy 380 pip today... Buy now while it is at discount.. Good Luck
Don’t buy gold, its drop soon
  • #719,530
  • Jan 9, 2023 9:38pm Jan 9, 2023 9:38pm
Quoting montygoldy
Is it my gut only or any one else expecting a nice daily green candle today maybe touching 1.23…… then bears come in play..
4h showing some signs of retesting the highs …my longs are underwater.. targeting 1.22100
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Extreme gut feeling trader
  • #719,531
  • Jan 9, 2023 9:38pm Jan 9, 2023 9:38pm
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Do not get emotional when you gain or lose
  • #719,532
  • Jan 9, 2023 9:40pm Jan 9, 2023 9:40pm
Dx broke support yesterday
Eu is going to break also the resistance at 1.07866
1st target is 1.07866
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yes yes yes
  • #719,533
  • Jan 9, 2023 9:42pm Jan 9, 2023 9:42pm
Quoting Pat Chiko
{quote} Thursday. .GBPUSD Rallies on USDollah Weakness US ISM data suggest the US economy is contracting. GBP/USD rallies but Sterling is not the driver of the move
US CPI (Inflation Data)
US CPI forecasting for December 2022
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Either way, don't try to guess the market reaction.
Could go either way.
Bearish case = cpi missed expectation of 6.5 - we aren't bringing inflation down fast
Bullish case =cpi went down and broke a new psychological or of 7 = trending right direction
News is noise.

DXY

DXY might find support here.
The breakout of the range has now fully retraced.
Question is now, is this a bullish retest before continuing the uptrend? Or, was that a deviation and we fall back into the range.
Waititng for reaction to US CPI data and hope to see it may go toward 112-114 area ...
hold your horse..
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,534
  • Jan 9, 2023 10:01pm Jan 9, 2023 10:01pm
Quoting eyefeelsix
{quote} test short atm {image}
fifth wave is done, I reduce my risk to previous day high to save my pips
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https://breakpullback.com
  • #719,535
  • Jan 9, 2023 10:17pm Jan 9, 2023 10:17pm
i will happily add long at any price
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  • #719,536
  • Jan 9, 2023 10:28pm Jan 9, 2023 10:28pm
sell limit 1.2180
TP 40 pips
SL close H1 candle up of 1.2220
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  • #719,537
  • Jan 9, 2023 10:47pm Jan 9, 2023 10:47pm
There is untested demand at 1.21449 which is also a High volume node

I'll hunt there ( below asia low ) for a potential buy

GU has daily FVG above yesterdays high and DXY has daily demand lower
  • #719,538
  • Jan 9, 2023 10:51pm Jan 9, 2023 10:51pm
Quoting PatienceFx
i will happily add long at any price {image}
From which price
  • #719,539
  • Jan 9, 2023 10:51pm Jan 9, 2023 10:51pm
UJ
Sweep of the Inducement box at the QM + Dzone on daily tf for US CPI?
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More time in the market, does not mean you trade better!
  • #719,540
  • Jan 9, 2023 10:52pm Jan 9, 2023 10:52pm
Quoting mysterio
There is untested demand at 1.21449 which is also a High volume node I'll hunt there ( below asia low ) for a potential buy GU has daily FVG above yesterdays high and DXY has daily demand lower
And i'm selling to there as we did a quick gap fill (stops to BE)

edit-got BE'd quite quick
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