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Cable Update (GBPUSD)

  • #113,281
  • Jan 20, 2009 3:15pm Jan 20, 2009 3:15pm
What tha.. am I gonna do with ten Bob's and their pickled eggs?
And what is a quarter? £2?

PS. A bit of after market earnings for IBM was good. Fancy that? Dow futures pop up...


Quoting allserene
people are even shorting danny devito - there is no bottom

give you 10 bob and a pickled egg for your casa - payable in quarters coins
Ride the Bulls bearback!
  • #113,282
  • Jan 20, 2009 3:16pm Jan 20, 2009 3:16pm
Might have to test the UTL on the 5m TF downtrend at about 1.395 first before it gathers some strength to move lower again.

Will be watching and waiting.
  • #113,283
  • Jan 20, 2009 3:20pm Jan 20, 2009 3:20pm
Quoting alcando
What tha.. am I gonna do with ten Bob's and their pickled eggs?
And what is a quarter? £2?

PS. A bit of after market earnings for IBM was good. Fancy that? Dow futures pop up...
wish i could still do spreadbetting on the DOW legally

this forex jolly is exactly the same as spreadbetting so i dont know what all the fuss is about pilgrim

how come i am going to hell for spreadbet but not for forex trading ?

anyway hell is a step up from blackpool on a wet sunday morning in november and i did that and survived
  • #113,284
  • Jan 20, 2009 3:21pm Jan 20, 2009 3:21pm
Quoting alcando
What tha.. am I gonna do with ten Bob's and their pickled eggs?
And what is a quarter? £2?

PS. A bit of after market earnings for IBM was good. Fancy that? Dow futures pop up...
I believe our quarter is equivalent to your ten pence. Same size too.
Just digging in the trenches like everyone else!
  • #113,285
  • Jan 20, 2009 3:26pm Jan 20, 2009 3:26pm
Quoting allserene
people are even shorting danny devito - there is no bottom

give you 10 bob and a pickled egg for your casa - payable in quarters coins
What,not even allowing him to retrace a bit.
  • #113,286
  • Jan 20, 2009 3:27pm Jan 20, 2009 3:27pm
Quoting allserene
wish i could still do spreadbetting on the DOW legally

this forex jolly is exactly the same as spreadbetting so i dont know what all the fuss is about pilgrim

how come i am going to hell for spreadbet but not for forex trading ?

anyway hell is a step up from blackpool on a wet sunday morning in november and i did that and survived

With you there bro.
  • #113,287
  • Jan 20, 2009 3:32pm Jan 20, 2009 3:32pm
What's that? You holiday in Blackpool? Or is that Cesspool?

So Birdman, no spreadbetting in the US? Is that the one thing the UK has over the US? At least there is something to this bankrupt mudpool of gloom. (not that gloomy if you income is taxfree spreadbets hey)

Quoting Si Tr4d3r

With you there bro.
Ride the Bulls bearback!
  • #113,288
  • Jan 20, 2009 3:36pm Jan 20, 2009 3:36pm
Quoting alcando
What's that? You holiday in Blackpool? Or is that Cesspool?

So Birdman, no spreadbetting in the US? Is that the one thing the UK has over the US? At least there is something to this bankrupt mudpool of gloom. (not that gloomy if you income is taxfree spreadbets hey)

Actually due to the level of litter left by those enjoying the resorts low level entertainment coupled with the amount of dog turd left on the footpaths (sidewalks) the council are in deep debate wether to drop the 'L' from the end of the name..
  • #113,289
  • Jan 20, 2009 3:36pm Jan 20, 2009 3:36pm
i no this isnt related to thread, but as u ppl are hear, anyone have any gd experience of spread betting? Are the quotes the same as usual broker?
I like the idea of tax free profit, dont fancy giving away hard earned cash it will take most my profit away lol.
  • #113,290
  • Jan 20, 2009 3:38pm Jan 20, 2009 3:38pm
Not anymore... but I will send you some ten pence for your slot machines for a very good price if you like...

Quoting eohater
I believe our quarter is equivalent to your ten pence. Same size too.
Ride the Bulls bearback!
  • #113,291
  • Jan 20, 2009 3:40pm Jan 20, 2009 3:40pm
Quoting trader2160
What,not even allowing him to retrace a bit.
If he ends up in guantanamo they might stretch him a bit i suppose - they have an electronic rack made by lockheed martin

but the messiah says he is going to stop that unless.......in which case hang em high !
  • #113,292
  • Jan 20, 2009 3:40pm Jan 20, 2009 3:40pm
Quoting alcando
Not anymore... but I will send you some ten pence for your slot machines for a very good price if you like...
Nah, you can keep 'em.

I carry one in my pocket though. I like how it feels (texture wise). It makes me feel good about my long positions.
Just digging in the trenches like everyone else!
  • #113,293
  • Jan 20, 2009 3:41pm Jan 20, 2009 3:41pm
Quoting fry2010
i no this isnt related to thread, but as u ppl are hear, anyone have any gd experience of spread betting? Are the quotes the same as usual broker?
I like the idea of tax free profit, dont fancy giving away hard earned cash it will take most my profit away lol.
I use IG index. 3pip spread +3 pip guaranteed stop, min 15 s/l.
keep an eye on the slippage near your s/l ,

and no tax, not that I've made enough for anyone to notice.........yet.
  • #113,294
  • Jan 20, 2009 3:42pm Jan 20, 2009 3:42pm
Mate, the quotes are better, and never vary in spread. IGindex are very good generally. I have just opened an account with Cantor index as their spreads are 2pips on cable fixed and 1 on Eurusd. IG's platform is just a better tho.

There is NO need to use a Forex broker in the UK. Spread bets on financials give all the same data, good spreads, and there is NO tax!

Quoting fry2010
i no this isnt related to thread, but as u ppl are hear, anyone have any gd experience of spread betting? Are the quotes the same as usual broker?
I like the idea of tax free profit, dont fancy giving away hard earned cash it will take most my profit away lol.
Ride the Bulls bearback!
  • #113,295
  • Jan 20, 2009 3:44pm Jan 20, 2009 3:44pm
Yeah, there's a saying: Pound foolish, penny's worth.. I think.

Quoting eohater
Nah, you can keep 'em.

I carry one in my pocket though. I like how it feels (texture wise). It makes me feel good about my long positions.
Ride the Bulls bearback!
  • #113,296
  • Jan 20, 2009 3:48pm Jan 20, 2009 3:48pm
Don't wake the Bulls or Bears. It's nap time for the markets.

  • #113,297
  • Jan 20, 2009 3:48pm Jan 20, 2009 3:48pm
awesome, thanks for the response guys. I shyed away from spread bets because it is termed as gambling so I thought they wud be like casinos, basically never letting you win. Also why i thought that is because of the no tax, made me think that no one makes money through them.
hmm... deffinatly gna look more into these spread bets now. cheers.
  • #113,298
  • Jan 20, 2009 3:50pm Jan 20, 2009 3:50pm
I have never had SL slippage with them, so I never pay the addon for guarantees.

I had one long today tho... Thought it was risky scalp at 13900 with potential... The system hung on entry and price turned against me on entry so I was annoyed. Closed the application and when I returned later, the SL should have been tapped but hadn't and I closed it in time on the 61.8 fib for 50 pips profit.. Al 50: IG 0.

PS. They called me up and invited me to lunch this week. Do you think I am overtrading...?

Quoting Si Tr4d3r
I use IG index. 3pip spread +3 pip guaranteed stop, min 15 s/l.
keep an eye on the slippage near your s/l ,

and no tax, not that I've made enough for anyone to notice.........yet.
Ride the Bulls bearback!
  • #113,299
  • Jan 20, 2009 3:50pm Jan 20, 2009 3:50pm
Quoting alcando
Mate, the quotes are better, and never vary in spread. IGindex are very good generally. I have just opened an account with Cantor index as their spreads are 2pips on cable fixed and 1 on Eurusd. IG's platform is just a better tho.

There is NO need to use a Forex broker in the UK. Spread bets on financial give all the same data, good spreads, and there is NO tax!
The entire financial industry in the USA is somewhere back in 1956 with a lot of checks (cheques) being used and the inability to send joe bloggs a credit through the bank free of charge without having to use wire transfers at cost

The stock market is wall to wall regulations but the big advantage is there is no stamp duty !!!! $7 per trade and thats that

I usually trade 10k so thats peanuts man and allows me to lose tens of thousands at minimum commission cost


I do miss spreadbetting - 2 pips spread and no tax- and top up using your bank debit card online

It would take me 2 weeks to top up my oanda account sending checks to new york and waiting for cross state clearing

Trouble is I am getting used to this 1956 stuff - am becoming an american and forgetting that the future has already arrived over there in europe
  • #113,300
  • Jan 20, 2009 3:56pm Jan 20, 2009 3:56pm
Is anyone considering long as an option anymore, or is short the only way you guys see? I'm seeing an opportunity for a long back to the bottom of the wedge for another nice fall. My 1h has my 50/62 sitting at the bottom of the wedge for a nice push back down. We have just fallen over 1000 pips and broke the wedge on the daily.
Just digging in the trenches like everyone else!
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