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Cable Update (GBPUSD)

  • #728,621
  • Feb 14, 2023 4:18am Feb 14, 2023 4:18am
Quoting Pat Chiko
{quote} How do we relate SPX with GU in CPI data ?. Here's the spread sheet. I fill up one colum got GU. The rest, need to get done for us to see the relationship between CPI, SPX and GU.{image} anyone willing to contribute the effort ?
Quoting Guy1969
{quote} Not really a contribution Pat, just picked this up on the wires: What JPMorgan thinks could happen to the market tomorrow after CPI - CPI below 6% - S&P 500 moves up by 2.5%-3% - CPI 6.0%-6.3% - S&P 500 moves up by 1.5%-2% - CPI 6.4%-6.5% - S&P 500 moves down by 0.75%-1.5% - CPI above 6.5% - S&P 500 moves down by 2.5%-3%
I'm watching month on month. Only this going to make lot of moves.
  • #728,622
  • Feb 14, 2023 4:18am Feb 14, 2023 4:18am
DXY support
Attached Image (click to enlarge)
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  • #728,623
  • Feb 14, 2023 4:18am Feb 14, 2023 4:18am
add sell - 1.2195
Together we can be strongest
Vantage Return This Month: -97.0%
  • #728,624
  • Feb 14, 2023 4:19am Feb 14, 2023 4:19am
Before I go to buy my lunch, let me put something interesting to look forward with CPI data release.

This is event driven scalping for GU.

GU H4
Attached Image (click to enlarge)
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Event driven liquidity rule of thumb.
Attached Image (click to enlarge)
Click to Enlarge Name: LQ 4.jpg Size: 72 KB



BRB later.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #728,625
  • Feb 14, 2023 4:20am Feb 14, 2023 4:20am
Quoting palpite
add sell - 1.2195
Will you hold Short during CPI?
  • #728,626
  • Feb 14, 2023 4:21am Feb 14, 2023 4:21am
Where's ninner he promised me the GU bus was going downtown and I've only purchased a one way ticket...
  • #728,627
  • Feb 14, 2023 4:21am Feb 14, 2023 4:21am
Quoting Moty
{image}{image}
more simple: from 2142 to 2204 = 60 pips
  • #728,628
  • Feb 14, 2023 4:21am Feb 14, 2023 4:21am
Quoting Pat Chiko
Before I go to buy my lunch, let me put something interesting to look forward with CPI data release. This is event driven scalping for GU. GU H4{image} Event driven liquidity rule of thumb.{image} BRB later.
1.23+ will shutter my dreams of 1.165.
  • #728,629
  • Feb 14, 2023 4:26am Feb 14, 2023 4:26am
Quoting dantpm
{quote} Then I am pretty sure your profit was 1000 pts and not 100.
Did you read about PIP implants augmentation issues BANKERS... wonder why the world going tits up... keep it natural...
  • #728,630
  • Feb 14, 2023 4:32am Feb 14, 2023 4:32am
Quoting lucaswalliam
{quote} Congratulations, you have money for lunch. Unfortunately, I've been tricked into getting off by false signals.
Sorry to hear that friend. At the time this on the H4 may not have made sense, but you have to train your eyes to see what the market maker is doing, before they do it. That way you can position yourself early, better luck next time.

Trade Safe.
Guy
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  • #728,631
  • Edited 4:55am Feb 14, 2023 4:32am | Edited 4:55am
Quoting tradexyz
{quote} Did you read about PIP implants augmentation issues BANKERS... wonder why the world going tits up... keep it natural...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 mstar.png Size: 50 KB


E qui why so distant stance feh...SA DD AM JHB how ironic iron it out... wreck irak bona fidelis...up vôtres trudeau q cuba Rhodes desk wtf WEF swallow it lucifer...match your pitch too... P/E RU btw happy valentines day rose bank...
  • #728,632
  • Feb 14, 2023 4:33am Feb 14, 2023 4:33am
Decent Daily candle so far, that decent that I started doubting my future Short trade..

Higher CPI should bring USD/JPY to 135 in my opinion.
Seriously people, isn't it logical that CPI comes out higher?

They gave all this Buy yesterday and today to get the good price to Short from right?
  • #728,633
  • Feb 14, 2023 4:46am Feb 14, 2023 4:46am
SHORT again 1.2192 no sl no tp ...because its.....OOOOVER...
  • #728,634
  • Feb 14, 2023 4:48am Feb 14, 2023 4:48am
Added so 3 trades open all short looking to make my honey
Insane in the Brain..
  • #728,635
  • Feb 14, 2023 4:49am Feb 14, 2023 4:49am
Quoting Pat Chiko
{quote} How do we relate SPX with GU in CPI data ?. Here's the spread sheet. I fill up one colum got GU. The rest, need to get done for us to see the relationship between CPI, SPX and GU.{image} anyone willing to contribute the effort ?
This effort is not for me. I m interested to see the important movements = good to trade, before and after the report = the chart
  • #728,636
  • Feb 14, 2023 4:52am Feb 14, 2023 4:52am
Quoting BeeTogether
Added so 3 trades open all short looking to make my honey
You and me brother, next stop downtown...hopefully
  • #728,637
  • Feb 14, 2023 4:53am Feb 14, 2023 4:53am
Quoting BeeTogether
Added so 3 trades open all short looking to make my honey
We will take 100 pips and say thanks. Maybe more, 1.193 is still left untouched.

Not today, of course. Until Friday in my opinion 1.193 is as good as done.

We'll see..

Expect proper Weekly retracement on Friday.
  • #728,638
  • Edited 5:17am Feb 14, 2023 4:56am | Edited 5:17am
SMC
Does it work all the time?
Nope!!
As we know nothing works 100% perfectly and all the time.

Valentine's Scenario(Today)
Attached Image (click to enlarge)
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A same scenario with today, I have screenshotted on a US CPI day, that had destroyed SMC and is also the reason I started to record the validity of everything I use daily.
1h,
Attached Image (click to enlarge)
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4hr
As we can see, the 4hr OB(Supply) has been mitigated by its wick ONLY leaving the unfilled imbalance (as shown in the above 1hr image) and according to SMC, the inducement need to be sweep and mitigate the 1hr OB which the CPI didnt care about
Attached Image (click to enlarge)
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More time in the market, does not mean you trade better!
  • #728,639
  • Feb 14, 2023 4:59am Feb 14, 2023 4:59am
My positions on GBPJPY and USDJPY so far.

Went out for dinner after London close yesterday, so didn't manage to post these charts here.

I know there'll be questions: Will yen weaken so much that both pairs go against my direction? Sure. Do I concern? No.

Now, the key reason I went in with massive shorts, have to do with two things: 1/ volatility on JGB, hence possible repricing on yen; and 2/ the suppose weakness on Sterling in coming quarters.

On to CPI. I don't really care if it's 6% or 7% headline. The BLS, same agency that published NFP, now had a revised benchmark for their recent figure revisions, so anything is possible. I think the Fed had moved from core-PCE, to now core services ex-housing. You know where to look.
Attached Image(s) (click to enlarge)
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  • #728,640
  • Feb 14, 2023 5:00am Feb 14, 2023 5:00am
Inverted head and shoulders on 15M chart.
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