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Cable Update (GBPUSD)

  • #678,361
  • Aug 25, 2022 11:00am Aug 25, 2022 11:00am
Quoting Bones
{quote} I wonder why Germany needs that storage {image}
In case you are interested: Germany has approximately only five percent of their demand in natural gas reserves (in the ground not developed). But one tiny spark of hope is that in 2024 one of the biggest gas field will probably get developed near the island borkum / northsea which will probably mine about five billion cubic meters of Gas which is actually almost the total of the current flow rate.
  • #678,362
  • Aug 25, 2022 11:00am Aug 25, 2022 11:00am
Quoting Theoak
{quote} Does make you wonder why we don't just turn up for the news...
The news is green for US, so it is bad for GU pair, isnt it?
It's still quite reasonable price went down
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  • #678,363
  • Aug 25, 2022 11:02am Aug 25, 2022 11:02am
Quoting greed
{quote} Now i'm with you SL on BE. It's always nice to have free trade. {image}
Well this were some easy 30pips

But than again, as i stated earlier iam mostly looking for shorts. Let's ride it.


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Also short on some indices.
  • #678,364
  • Aug 25, 2022 11:07am Aug 25, 2022 11:07am
Quoting greed
{quote} In case you are interested: Germany has approximately only five percent of their demand in natural gas reserves (in the ground not developed). But one tiny spark of hope is that in 2024 one of the biggest gas field will probably get developed near the island borkum / northsea which will probably mine about five billion cubic meters of Gas which is actually almost the total of the current flow rate.
I think the Germans (and almost everyone else in the world) need to ask their politicians......WHO DO THEY REALLY WORK FOR????
Winter is coming, my friend......winter is coming soon.
Lost....
  • #678,365
  • Aug 25, 2022 11:08am Aug 25, 2022 11:08am
Quoting Reverso
{quote} The news is green for US, so it is bad for GU pair, isnt it? It's still quite reasonable price went down
Market Maker be like: No, too many stops loss above 1.1850. I need to go there first before follow any fundamental st.pid
With courage, patience, and discipline, success is a matter of time.
  • #678,366
  • Aug 25, 2022 11:08am Aug 25, 2022 11:08am
GU

Scalp long again.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #678,367
  • Aug 25, 2022 11:11am Aug 25, 2022 11:11am
Quoting Reverso
{quote} The news is green for US, so it is bad for GU pair, isnt it? It's still quite reasonable price went down
Its not has easy as that, but that is right what you saying, because the base currency is the dollar. So if the dollar does good.. the quote currency does the opposite.

The problem is the market makers - factored in the move already, so its not an exact science. I personal think the market maker used it to clear out stops.

I think this has a chance to go down further (20 pips).
Don't trade what you think. Just what you see!!!
  • #678,368
  • Aug 25, 2022 11:22am Aug 25, 2022 11:22am
Quoting TheFxLord
{quote} Good luck Emrys.
TheFXLord,

sorry if I've offended you. Your picture I thought was a fairy... and the only fairy that came to mind was from Peter Pan.

My apologies
Don't trade what you think. Just what you see!!!
  • #678,369
  • Aug 25, 2022 11:29am Aug 25, 2022 11:29am
well, price going up and down, not seeing extremes.

Am closing my shop.

Wonderful day as usual. 5.8k. earned from both accounts. ( 2.9% from 200k account )

Will watch some movies and relax.

Bye guys.
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Intraday only.
  • #678,370
  • Edited 5:07pm Aug 25, 2022 11:30am | Edited 5:07pm
Quoting greed
{quote} In case you are interested: Germany has approximately only five percent of their demand in natural gas reserves (in the ground not developed). But one tiny spark of hope is that in 2024 one of the biggest gas field will probably get developed near the island borkum / northsea which will probably mine about five billion cubic meters of Gas which is actually almost the total of the current flow rate.
Well, that's good after the Nord Stream 2 white elephant. But, of course, all energy is priced the same in the EU, wherever it's sourced depending on demand.
If the gas supply was turned off for a prolonged period, all countries would hoard. If that happens, Germany is not well positioned V the UK despite having ample immediate storage since the Uk produces 50% of its needs right now.

My gut feeling is the pricing rules may be changed the way it's going.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #678,371
  • Aug 25, 2022 11:42am Aug 25, 2022 11:42am
Price bounce off pivot cleanly once again, with a bullish engulfing confirmation after that, it is the exact same trade setup as my previous trade.
I went Long again.

Entry 1.18164, SL 1.17944, TP 1.18493.
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  • #678,372
  • Aug 25, 2022 11:45am Aug 25, 2022 11:45am
Quoting Bones
{quote} Well, that's good after the Nord Stream 2 white elephant. But, of course, all energy is priced the same in the EU, wherever it's sourced depending on demand. If the gas supply was turned off for a prolonged period, all countries would hoard. If that happens, Germany is not well positioned V the UK despite having ample immediate storage since the Uk produces 50% of its needs right now. My gut feeling is the pricing rules may be changed the way it's going. {image} {image}
Explain to me why gas is going through the roof and petrol is £2 a litre. I think you will come to the same conclusion as me!
Don't trade what you think. Just what you see!!!
  • #678,373
  • Aug 25, 2022 11:46am Aug 25, 2022 11:46am
Quoting Reverso
Price bounce off pivot cleanly once again, with a bullish engulfing confirmation after that, it is the exact same trade setup as my previous trade. I went Long again. Entry 1.18164, SL 1.17944, TP 1.18493. {image}
good call!
Insane in the Brain..
  • #678,374
  • Aug 25, 2022 11:48am Aug 25, 2022 11:48am
Quoting BeeTogether
{quote} good call!
I hope Giga Chad will lift the market towards my TP.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
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  • #678,375
  • Aug 25, 2022 11:58am Aug 25, 2022 11:58am
Short in at 1.1817 target 1.1780 sl 1.1830
Don't trade what you think. Just what you see!!!
  • #678,376
  • Aug 25, 2022 11:59am Aug 25, 2022 11:59am
Quoting Theoak
Short in at 1.1817 target 1.1780 sl 1.1830
Lord wizard counter trade me =(
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Freedom you deserve. All Time Return: 50.4%
  • #678,377
  • Aug 25, 2022 11:59am Aug 25, 2022 11:59am
Quoting Reverso
Price bounce off pivot cleanly once again, with a bullish engulfing confirmation after that, it is the exact same trade setup as my previous trade. I went Long again. Entry 1.18164, SL 1.17944, TP 1.18493. {image}
Hopefully tomorrow it will dump to the bottom. I will wait to see how it goes. Any signs of short tomorrow and I will move my TP even lower.
  • #678,378
  • Aug 25, 2022 12:06pm Aug 25, 2022 12:06pm
Quoting Pat Chiko
GU Scalp long again. {image}
GU

Common GU.
One spike to target.

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I come from the future.
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  • #678,379
  • Aug 25, 2022 12:08pm Aug 25, 2022 12:08pm
Quoting Mitiblotch
{quote} Hopefully tomorrow it will dump to the bottom. I will wait to see how it goes. Any signs of short tomorrow and I will move my TP even lower.
Feel even worst now my another lord wants to counter trade me too. If i shall be the sacrifice for short, it is for my lord.

Curious what made you a super strong bear that hell bent want to see GU short?
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  • #678,380
  • Aug 25, 2022 12:09pm Aug 25, 2022 12:09pm
Quoting Reverso
{quote} Lord wizard counter trade me =(
Busted... I bow down to your greatness... Reverso - where did you get that picture of me from?
Don't trade what you think. Just what you see!!!
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