Cable Update (GBPUSD)

will be looking at the Price closing toward next week

Went down a bit of a rabbit hole of working out how CPI is calculated by the office of national statistics. Of course, its no back of the envelope calc and there's all kinds of complexity, like for example differential calculus to interpolate the price of a two year old used car based on the price of a one and three year prices. I'm guessing the banks have an associate who's monthly task to try and work out CPI each a few weeks before the release. Could probably use python etc to automate the scraping of prices too. I noticed end of may to mid July the market rallied hard for weeks in anticipation of a higher rate rise and reversed after the actual release.

Anyone tried to do this or been down this rabbit hole before, any comments appreciated. And yes I understand it wont give me the holy grail, and price moves for a whole variety of fundamental and technical reasons, but if our trend analysis is backed up with fundamentals it can't hurt..right

BTW for those without a bloomberg terminal (i imagine most of us) there's a new free service called Open BB with much of the functionality, it's a Python-esque interface and not as user friendly but you can do alot of the same things as Bloomberg. worth checking out. I'm not affiliated and its free anyway, might be some use.

Also I think Bears are confirmed on G/U now and it should be sells only. Same for NQ/ES, I think that was the last rally of the year and its bears from here.

don't forget that friends

Unbelievable

Gold

Hi. A laudable effort no doubt, but whilst it may not hurt, it can confuse. If you are using TA to determine trend across 1 or more t/f's then you could get a situation when your t/f's of choice are displaying a trend contra to your fundie view/analysis. TA works under the assumption that everything that is known that could affect price is discounted into the price you see at the hard right edge of the chart, so really, whilst yes it may be useful to know some fundie stuff, it's not wholly necessarily and certainly not to the degree you expressed in your post re the Cpi components/make-up example, unless of course you have a fundie edge, not a technical edge.

Unless it's a fundie data release/other event risk then they tend to play out over weeks/months, so the average intraday trader needn't really worry about the big fundie themes at play. Of course data releases/other event risks can be game changers and confirm/start an emerging / new fundie view, but even if they do, the technicals can still get us in and out, as well as tell us about trend, and potential supp/res.

Ok, its getting clearer.

Almost there.

If H4 closes below 2205 I will start taking Sell setups again.

T- 10 minutes

cable now a days is getting really annoying.. it has shoved all that price action in her ass

That bullish pin bar is the reason why i closed my short. but, why...... it damn fall

Risk reward 10:6

Updated
Almost there will eat profit today Today's Profit

coz she likes to play dirty

ahahahaha
look at this play going on
2205 is the level guys

this is m5
H4 needs to close below it.

Will look for short, waiting for reaction if price goes up to this supply zone.

you have some nice setup here..keep posting more would love to learn

This looks like a nice indicator

copy that signal TP +20

Thanks, friend. Appreciate it. Would love to exchange some knowledge to keep this brain intact.

Finnly 2 hourly candles in the sam direction
This is fucked up ps

stop it mate stop it.. just start trading support n resistance on higher tfs, you will be better off trading that

SL is being hunted. 1.22 - 1.2216 is the SnR. A 30 pips below 1.22 is the Zone to enter for long. For bulls closing the week above 1.2231 is the first sign.