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Cable Update (GBPUSD)

  • #720,281
  • Jan 12, 2023 6:03am Jan 12, 2023 6:03am
The data in 90 mins could send the cable pair down town to the 120 areas and below! It all depends on how the market folks take it. Any hint of only a 2.5 pc increase and we could see 123. Basically we are stuck in the middle could go either way
Insane in the Brain..
  • #720,282
  • Jan 12, 2023 6:03am Jan 12, 2023 6:03am
Quoting Indiara
Mr Market has been kind to me today, and even though I have only had 2 trades this week, another decent trade tomorrow will see me achieve my weekly target. So I am happy Good luck to you NY traders for the CPI event, I hope you can all make some good pips. Is my sleepy time now so I will go to my bed, but I will be back for Uncle Frankie, as usual tomorrow. Have fun, Indiara
have a good one kiddo!
Insane in the Brain..
  • #720,283
  • Jan 12, 2023 6:06am Jan 12, 2023 6:06am
Quoting noox
{quote} Interesting. Care to share the indi?
on trading view

ssl hybrid
qqe mod
yes yes yes
  • #720,284
  • Jan 12, 2023 6:11am Jan 12, 2023 6:11am
This 2 points, the MA200-H1 and the MA200-H4 will be the points were the bulls are waiting the bears.

Attached Image (click to enlarge)
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #720,285
  • Jan 12, 2023 6:13am Jan 12, 2023 6:13am
Quoting Moty
{quote}{image}
Do you have the names of the indicator pls
  • #720,286
  • Jan 12, 2023 6:13am Jan 12, 2023 6:13am
My Euro chart
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20230112_174256.jpg Size: 2.5 MB
The only prayer you need is Thankyou
  • #720,287
  • Jan 12, 2023 6:14am Jan 12, 2023 6:14am
Quoting BeeTogether
{quote} have a good one kiddo!
Thank you

night night....zzzzzzzzzzzzzzzz
I am neither brave nor stupid...I am just a part time trader
  • #720,288
  • Jan 12, 2023 6:16am Jan 12, 2023 6:16am
H4 - zoomed out - it's not exactly rocketscience, is it?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-01-12_13-12-47.png Size: 52 KB
you are not expected to understand this
  • #720,289
  • Jan 12, 2023 6:19am Jan 12, 2023 6:19am
Quoting BigNumbers
{quote} Please adjust Tp1 140.663 there is a broke structure in that area… I didn’t see it before. And there are a lot of opportunities to keep loading it. I just can’t keep posting. The blue and orange lines represent where you can add more orders buy or sell depending on the Algorithm on the lower time frame. My trading system is complex because it deals with detailing… I don’t like leaving anything behind. Some lines are not important but they are there in case I want to load it up on a lower time and take 15 pips with a high lot and precision....
Tp hit
My telegram: https://t.me/avidforex
  • #720,290
  • Jan 12, 2023 6:22am Jan 12, 2023 6:22am
Quoting palpite
1h30 minutes for the red news of USD. {image}
How verifiable is this?

Thanks
  • #720,291
  • Jan 12, 2023 6:23am Jan 12, 2023 6:23am
WTF

you subscribe some one and FF starts bombarding with bell icons even if they sneez or shiit?

hahahaha
The only prayer you need is Thankyou
  • #720,292
  • Jan 12, 2023 6:27am Jan 12, 2023 6:27am
Quoting Pat Chiko
My newbie question......... Can someone explain to me like I'm 5 years old on the cpi real quick? How do you know if it’s low or high? And what makes traders go Long or Short for USD? My newbie answer.............. Consumer Price Index. The number we get is an approx representation of % rise or fall in prices of consumer goods, i.e inflation. We always have an 'expected' number, if the actual one comes higher than that, inflation is high, it's bad and people short, and vice versa.
What I learned is. When CPI is in focus by Central Banks... This is measure that central Banks will decide interest rates on the data. If CPI is not getting controlled, MM expect that central banks keeps on raising interest rates...and that currency gets stronger index.

As far as US CPI is concerned, it peaked and reversed from couple of months, so expectation was "Fed will lower pace of interest rates", that was the time US index started to fall... in next meeting Fed raised 50 basic points while previously it was raisin 75 basic points and terminal rate was already priced in.

Now every CPI Red data is red for USD... Why...Bcoz usd was already priced in the terminal interest rate (already priced in) and now MM price in the expected rate decrease that will happen in future.

Money Markets price in every official news that is said by official...

Now Market Sentiment play vital role. If Market Sentiment and Trend (along with fundamentals) is Bullish as currently is.

  1. If CPI is Green (that is not expected to be) GU May come down some pips but it will immediately reverse.
  2. If CPI is Red GU will have a rally of upto 150 Pips and price will not reverse until the sentiment is changed.

Regards,
Kashif

  • #720,293
  • Jan 12, 2023 6:28am Jan 12, 2023 6:28am
Quoting palpite
sell again - 1.2164
Quoting palpite
add sell - 1.2187
stop loss - 1.2180

target - 1.2030
Together we can be strongest
Vantage Return This Month: -97.0%
  • #720,294
  • Jan 12, 2023 6:29am Jan 12, 2023 6:29am
Attached Image (click to enlarge)
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  • #720,295
  • Jan 12, 2023 6:34am Jan 12, 2023 6:34am
Quoting thatRichDude
{quote} How verifiable is this? Thanks
Check the calendar of the forex factory.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #720,296
  • Jan 12, 2023 6:42am Jan 12, 2023 6:42am
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Fast fingers only. Take risk and get rewarded.
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  • #720,297
  • Jan 12, 2023 6:44am Jan 12, 2023 6:44am
Pre cpi I'd only buy below frankfurt low. Sells above 1.2220, after.
  • #720,298
  • Jan 12, 2023 6:45am Jan 12, 2023 6:45am
Quoting thatRichDude
{quote} How verifiable is this? Thanks
I shared this indicator, if you want to see the news in your chart.

https://www.forexfactory.com/thread/...2#post14281912
Together we can be strongest
Vantage Return This Month: -97.0%
  • #720,299
  • Jan 12, 2023 6:46am Jan 12, 2023 6:46am
Quoting Indigo45
{quote} What I learned is. When CPI is in focus by Central Banks... This is measure that central Banks will decide interest rates on the data. If CPI is not getting controlled, MM expect that central banks keeps on raising interest rates...and that currency gets stronger index. As far as US CPI is concerned, it peaked and reversed from couple of months, so expectation was "Fed will lower pace of interest rates", that was the time US index started to fall... in next meeting Fed raised 50 basic points while previously it was raisin 75 basic points...
The challenge with your interpretation is that it ignores how the market and the FED will react to the expected 6.5% rate of CPI. This level should be priced into the market already as it is expected. For the FED it isn't on track to 2% so interest rates will probably go up by 50bp in the Feb meeting and the market is currently expecting a 25 bp increase! This should mean a higher dollar index. This is why the actual numbers don't really matter it is how the MM's decide to move the currencies!
  • #720,300
  • Jan 12, 2023 6:47am Jan 12, 2023 6:47am
Quoting palpite
add sell - 1.2187
Thanks for the siganol palpite.

Quoting Pat Chiko
{quote} GU Ready to copy for scalp{image}
GU

End of scalping act one.
Got some money to buy some food and herbal
Attached Image (click to enlarge)
Click to Enlarge Name: gu 242.jpg Size: 246 KB



P/S LONG or SHORT both makes money.
No worries, just scalp until the CPI data release.
Enjoy the scalp.
I come from the future.
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