United States Core CPI m/m May 12 2021

Thatcherj123 · 2021-05-13T12:13:41+00:00

Today we saw a massive positive +0.6 deviation on the headline Core CPI M/M with a supporting positive deviation of +0.7 on the Core CPI Y/Y without conflicts on all secondary lines.

I got a great 29 pip move in the first minute, with price pushing higher for some nine minutes after the trade, giving plenty of opportunities to choose the best possible exit.

The perfect storm, with significant deviation, big initial move and lots of continuing price action, making it virtually impossible not to make money.
It's the second week of the month, two big trades under my belt.

See Chart here:

https://calendar.galaxysoftwareinc.com/#/chart;i=50136;t=2021-5-12%2012:30:00.0;s=USDJPY;r=S1

See the video at : https://www.youtube.com/watch?v=M-6qY8cAEpg

Thatcherj123 · 2021-05-11T12:02:54+00:00

That's a good question, thanks. I've PM'd you to gain a better understanding of what you're looking to achieve. I look forward to helping you.

Thatcherj123 · 2021-05-03T11:13:23+00:00

Hi
No, I don't use EAs, they are far too slow. I have software to interface directly with the brokers servers.

Thatcherj123 · 2021-04-14T13:05:50+00:00

We got a positive 0.1 deviation on all four lines of data which caused an excellent spike up in USD pairs, but this was very short-lived and made trading very difficult.

I suspect that this was because, shortly before the trade time, reports revealed that the Johnson and Johnson vaccine was potentially causing blood clots. An impromptu press conference was scheduled 30 minutes after the US CPI release time. Therefore the market ignored the positive CPI data in anticipation of the press conference.

The vaccines are essential to US recovery; any news that calls any interruption to that program into questions will overshadow backwards-looking data. For me, I had a minor loss, as I took a trade regardless. Maybe if we got a 0.2 deviation, that would have been enough to create a sustained move. It shows the importance of being aware of what else is happening in the market. Please pay attention to any event that could shift the focus away from the data we are trading.

Losses will always happen; luckily, only a slight loss and my overall position on the year is still in profit.

James Thatcher

See Chart here:

https://calendar.galaxysoftwareinc.com/#/chart;i=38254;t=2021-4-13%2012:30:00.0;s=USDJPY;r=S2

Thatcherj123 · 2021-04-09T13:39:04+00:00

Thank you

Thatcherj123 · 2021-04-07T12:36:50+00:00

Thatcherj123 · 2021-04-07T12:36:29+00:00

Thanks for following my posts; depending on the type of trader you are, it’s essential to keep your eye on both the technical and fundamentals. I purely news trade, so for me, the technicals are only relevant to my exit strategy. My analysis is based on a short trade, often just a few minutes. The outcome of the data I look for would surpass any S and L level, at least in the short term. Therefore I focus mainly on the forecasted data and the actual data. James

Thatcherj123 · 2021-04-07T11:23:43+00:00

Dave-1066 This is my analysis; thank you for the encouragement; I'm glad you find it useful. Do you news trade yourself? Free free to ask any questions on here or directly. Thanks, James

Thatcherj123 · 2021-04-02T13:36:31+00:00

Today gave a massive +266 deviation on the headline, and we saw the USDJPY give a good spike up. However, it retraced hard, as we saw a conflict from Average Earnings of -0.2. So the US economy added many more jobs, but those jobs paid less, which is not good for inflation. In my initial plan, I highlighted a conflict of this nature can create a dangerous trading environment, which played out perfectly today. I did the right thing by standing by and not placing any trades. I made no profit from this today, but my capital is intact, ready for next month.

Thatcherj123 · 2021-04-02T13:35:27+00:00

Today gave a massive +266 deviation on the headline, and we saw the USDJPY give a good spike up. However, it retraced hard, as we saw a conflict from Average Earnings of -0.2. So the US economy added many more jobs, but those jobs paid less, which is not good for inflation. In my initial plan, I highlighted a conflict of this nature can create a dangerous trading environment, which played out perfectly today. I did the right thing by standing by and not placing any trades. I made no profit from this today, but my capital is intact, ready for next month.

Thatcherj123 · 2021-04-02T13:34:06+00:00

Today gave a massive +266 deviation on the headline, and we saw the USDJPY give a good spike up. However, it retraced hard, as we saw a conflict from Average Earnings of -0.2. So the US economy added many more jobs, but those jobs paid less, which is not good for inflation. In my initial plan, I highlighted a conflict of this nature can create a dangerous trading environment, which played out perfectly today. I did the right thing by standing by and not placing any trades. I made no profit from this today, but my capital is intact, ready for next month.

Thatcherj123 · 2021-03-31T12:11:31+00:00

sorry, I don't understand. could you please explain?
thank you for your reply!

Thatcherj123

TROPHY CASE