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Cable Update (GBPUSD)

  • #728,541
  • Feb 14, 2023 12:05am Feb 14, 2023 12:05am
Quoting Pat Chiko
{quote} In general term the following is applicable : Economic calendars: Investing.com, DailyFX, and FF Central bank websites: The FED, ECB, BoE, and BoJ, provide information on policy decisions and statements that can provide insights into currency movements. News outlets: Bloomberg, Reuters, and CNBC, provide coverage of economic events and analysis of their potential impact on currencies. Forex research firms: Many Forex research with detailed analysis of economic indicators and events, as well as forecasts for currency movements. Examples include...
Thank you very much for your response.
Fundamental data is still new to me and I am just trying to understand it and it will not be the basis of my trading.
btw, I won't be trading today, I don't want to lose money to spoil Valentine's Day.
Just follow the trend.
  • #728,542
  • Feb 14, 2023 12:16am Feb 14, 2023 12:16am
still in bear set up and trying hard to bull , , so sideways in good range smaller tf . presently under resistance ! lets see , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #728,543
  • Feb 14, 2023 12:45am Feb 14, 2023 12:45am
Uk data in 15 mins … time to wake up and get the kettle on!
Insane in the Brain..
  • #728,544
  • Edited 1:53am Feb 14, 2023 12:56am | Edited 1:53am
Quoting Robinhood1
Informing SnailFx. We are taking the stairs to 0.9330 and be coming down by elevator to 0.9170. usdchf
Last S! No Weeekly nor Monthly S seen anywhere. This is Daily Chart and 0.91685 seems to be the last S. After this free fall according to the system.
However, I think it will hold, because of CPI report* which will come in time for S to hold.
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  • #728,545
  • Feb 14, 2023 1:00am Feb 14, 2023 1:00am
Quoting BeeTogether
Uk data in 15 mins … time to wake up and get the kettle on!
Hey Bro,


GU
maybe she want to spike up for LQ ?.
try a bit for some luck....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,546
  • Feb 14, 2023 1:09am Feb 14, 2023 1:09am
Quoting Pat Chiko
US CPI The BLS is changing the way it calculates the Consumer Price Index (CPI), moving from biennial to annual weighting. Previously, the CPI relied on weights updated every two years, leading to lagged reporting. However, starting in 2023, the BLS will base weights on annual data, resulting in more up-to-date reporting. This change will cause discrepancies between expected and actual CPI, with significant deviations possible in the first few reports using the new methodology. For example, the 2022 CPI report used a weight of 2.97 for petrol based...
This is the kind of stuff we need to hear and learn about.
Thanks Pat, I also heard the same for NFP, some adjustments were being done, actually revisions or something like that.

Anyway, thanks for sharing this!

Now, I expect higher CPI even more, because of this (changing the way it calculates) thing.
  • #728,547
  • Feb 14, 2023 1:14am Feb 14, 2023 1:14am
Resistance Levels according to H4 and Daily Chart..

~1.22089
~1.22392
~1.22948
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  • #728,548
  • Feb 14, 2023 1:15am Feb 14, 2023 1:15am
y's high is broken up
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yes yes yes
  • #728,549
  • Feb 14, 2023 1:15am Feb 14, 2023 1:15am
Quoting Pat Chiko
{quote} Hey Bro, GU maybe she want to spike up for LQ ?. try a bit for some luck.... {image}
I managed to catch a spike up now out of all trades for time being.
Insane in the Brain..
  • #728,550
  • Feb 14, 2023 1:18am Feb 14, 2023 1:18am
shorting at 1.2159, SL 1.2171
  • #728,551
  • Edited 1:35am Feb 14, 2023 1:19am | Edited 1:35am
Volatility zone .1.2165 - 1.2265. Sell from 1.2215 - 1.2254.

50sma on weekly 1.2118. If this gets broken then i'd say hello to 200sma on daily 1.1940.
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  • #728,552
  • Feb 14, 2023 1:26am Feb 14, 2023 1:26am
Quoting SnailFX
{quote} Last S! No Weeekly nor Monthly S seen anywhere. This is Daily Chart and 0.91685 seems to be the last S. After this free fall according to the system. However, I think it will hold, because of CPI will come in time. {image}
Hi Buddy. Who is CPi
POSTMASTER
  • #728,553
  • Feb 14, 2023 1:29am Feb 14, 2023 1:29am
The UK data for unemployment was really positive. Unemployment claims are down instead of up! Wage rate increases falling.
GU reaction, a spike essentially to grab liquidity and a pullback.
I kind of rest my case about how important the actual data is.
  • #728,554
  • Feb 14, 2023 1:33am Feb 14, 2023 1:33am
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yes yes yes
  • #728,555
  • Feb 14, 2023 1:33am Feb 14, 2023 1:33am
A new interview with Alasdair Macleod. Very good summary of the current financial markets.

Inserted Video
  • #728,556
  • Feb 14, 2023 1:38am Feb 14, 2023 1:38am
The analysis a few days ago.
Hitting the SL and getting back to the right position is the trade.
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Just follow the trend.
  • #728,557
  • Feb 14, 2023 1:46am Feb 14, 2023 1:46am
cmon bulls.. pullback to get more high
  • #728,558
  • Feb 14, 2023 1:49am Feb 14, 2023 1:49am
Quoting Robinhood1
{quote} Hi Buddy. Who is CPi
Creators of Plutons Initiative.
  • #728,559
  • Feb 14, 2023 1:59am Feb 14, 2023 1:59am
Range until CPI Report.

15M Short
30M Short

Waiting for Hourly..
But I won't wait for it, gotta go drink some coffee before the show begins.

Went Long
SL 12000 pips, basically where Pound is worth nothing anymore.
LoL hahaha, just kidding.

Imagine though..
When recession hits and Pound drop to parity or lower, you go Long with smaller lot and just wait.. in a 3, 4 or 5 years price will be back to 1.50, at least 1.35.
It is very, very likely we will witness all time lows in ours life when this recession hits. The lowest prices ever seen.

I'm very excited! Not so much for the part though, but.. take what you can!
  • #728,560
  • Feb 14, 2023 2:08am Feb 14, 2023 2:08am
How market is looking to play
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