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Cable Update (GBPUSD)

  • #720,201
  • Jan 12, 2023 3:18am Jan 12, 2023 3:18am
Cruise in
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  • #720,202
  • Jan 12, 2023 3:20am Jan 12, 2023 3:20am
I have a Sell on UJ. I don't know whether it will go all the way to TP so I will protect the trade soon.

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I am neither brave nor stupid...I am just a part time trader
  • #720,203
  • Jan 12, 2023 3:25am Jan 12, 2023 3:25am
GU & US CPI

Four hours to go.
Getting tight squeeze to pop either side taking out LQ
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,204
  • Jan 12, 2023 3:25am Jan 12, 2023 3:25am
Quoting Indiara
I have a Sell on UJ. I don't know whether it will go all the way to TP so I will protect the trade soon.

Protected now

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I am neither brave nor stupid...I am just a part time trader
  • #720,205
  • Jan 12, 2023 3:26am Jan 12, 2023 3:26am
Quoting elbert3
{image} mmmm just going to take the profit here while I make the coffee . Can always find a trade . It’s just over the ema . Hence the call . I could go long .. but let’s wake up and get a coffee
well what a good time to wake this morning . Did not take long at the time . Too late now rules over . So wait and look for a short
  • #720,206
  • Jan 12, 2023 3:27am Jan 12, 2023 3:27am
H1 is about to the start trending up with a break above 21702 .

I will take the long with stop under 2131


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Follow The Markets Structure - Patience and Discipline
  • #720,207
  • Jan 12, 2023 3:27am Jan 12, 2023 3:27am
Quoting Indiara
I have a Sell on UJ. I don't know whether it will go all the way to TP so I will protect the trade soon. {image}
Nice, that was 100 pips drop.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #720,208
  • Jan 12, 2023 3:29am Jan 12, 2023 3:29am
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  • #720,209
  • Jan 12, 2023 3:30am Jan 12, 2023 3:30am
...how strong are the bulls now after this nice run-up? Could see supply emerge anywhere up to 2209/10 initially?
Trader with an Edge.
  • #720,210
  • Jan 12, 2023 3:30am Jan 12, 2023 3:30am
Quoting Pat Chiko
{quote} Nice, that was 100 pips drop.........
If I can get a little piece of it, I will be happy
I am neither brave nor stupid...I am just a part time trader
  • #720,211
  • Jan 12, 2023 3:34am Jan 12, 2023 3:34am
First trade. Just bought 2170. I should have bought lower but I will use 2100 as a cushion. And oh, I didn't know there was cpi days to be released. In any case, let's see what it bring.

Good morning all.
  • #720,212
  • Jan 12, 2023 3:35am Jan 12, 2023 3:35am
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yes yes yes
  • #720,213
  • Jan 12, 2023 3:38am Jan 12, 2023 3:38am
Quoting Indiara
{quote} Protected now {image}
There we are, TP hit at +41

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I am neither brave nor stupid...I am just a part time trader
  • #720,214
  • Jan 12, 2023 3:47am Jan 12, 2023 3:47am
Quoting Mitiblotch
First trade. Just bought 2170. I should have bought lower but I will use 2100 as a cushion. And oh, I didn't know there was cpi days to be released. In any case, let's see what it bring. Good morning all.
Hello Mate, today's a very powerful News (CPI) which usually generates between 200 - 350 pips...

So asterik either of these zones ... 1.2300 or 1.1980 to happen today...

Bias is cautiously tilted towards 1.1980 though...

I can buy from 1.1980 or sell from 1.2250 - 1.2300 area...
Data + Stat + Risk/Emotions Management
  • #720,215
  • Jan 12, 2023 3:47am Jan 12, 2023 3:47am
Quoting pipfarm
H1 is about to the start trending up with a break above 21702 . I will take the long with stop under 2131 {image}
Target is around the 2300 area but that depends on how pa plays out.

I believe this is a retest because the weekly is down but has not made a full swing yet, whereas the daily is up so most probably corrective to retest the previous top breakdown.

So US CPI could be a wild one today with a spike up to get to 2300ish and then a fast drop
Follow The Markets Structure - Patience and Discipline
  • #720,216
  • Jan 12, 2023 3:55am Jan 12, 2023 3:55am
Quoting Georginson
{quote} Hello Mate, today's a very powerful News (CPI) which usually generates between 200 - 350 pips... So asterik either of these zones ... 1.2300 or 1.1980 to happen today... Bias is cautiously tilted towards 1.1980 though... I can buy from 1.1980 or sell from 1.2250 - 1.2300 area...
Thanks mate. I am not yet up to speed and feel rusty, as though I don't know where price is at and thus happens when I don't trade for a long time. Thanks for the update I will watch out.
  • #720,217
  • Jan 12, 2023 3:56am Jan 12, 2023 3:56am
UJ in terms of US Treasuries
UJ falls => strong JPY => strong buy of US T Bills
Indicating Japanese Hedge funds are betting heavily on Bond price to go up. (Yield fall)

There is divergence between US10Y and UJ tho.
More time in the market, does not mean you trade better!
  • #720,218
  • Jan 12, 2023 3:57am Jan 12, 2023 3:57am
Quoting Georginson
{quote} Hello Mate, today's a very powerful News (CPI) which usually generates between 200 - 350 pips... So asterik either of these zones ... 1.2300 or 1.1980 to happen today... Bias is cautiously tilted towards 1.1980 though... I can buy from 1.1980 or sell from 1.2250 - 1.2300 area...
Can you explain why your bias is tilted towards 1980
Follow The Markets Structure - Patience and Discipline
  • #720,219
  • Jan 12, 2023 3:58am Jan 12, 2023 3:58am
Quoting mysterio
{quote} S&D traders will have noticed the big H4 demand zone at 1.21 and potentially still be long up above the resistance at 1.2185, let's see what happens
Given the momentum here we should have no problem getting above the 20 Dec swing high at 1.22 and into the daily fvg before bears kick in proper.
  • #720,220
  • Jan 12, 2023 3:59am Jan 12, 2023 3:59am
Quoting Georginson
{quote} Hello Mate, today's a very powerful News (CPI) which usually generates between 200 - 350 pips... So asterik either of these zones ... 1.2300 or 1.1980 to happen today... Bias is cautiously tilted towards 1.1980 though... I can buy from 1.1980 or sell from 1.2250 - 1.2300 area...
shorted 2181 stop 2200
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