Gold too volatile and CPI at 12:30 UTC: no midday idea

Midday review, prices taken between 11:00 and 11:10 UTC. US August CPI lands at 12:30 UTC and preliminary Michigan sentiment at 14:00 UTC: two dollar-sensitive releases inside the horizon of any intraday idea, and every instrument on our watchlist is dollar-sensitive. Rule one in our log, written after a winning trade that broke it, says the calendar is checked before the levels, so the study stops there for EUR/USD at 1.1597, GBP/USD at 1.3508, USD/JPY at 153.93, the S&P future at 7,638.50 (estimated cash 7,632 from yesterday's 7,591.70 close) and the Nasdaq future at 29,311.25. The DAX at 25,545.68 is up 0.73% and pinned to its session high of 25,551.63: that is a late entry even without CPI. Gold at 4,379 fails on its own arithmetic: ATR14 is about 70 dollars, 1.60% of price, so 0.8 x ATR is 1.28% against our 1.20% stop cap. We do not tighten the stop to make it fit. VIX at 17.24, down 3.4%, is the only clean filter today. No idea published.