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Cable Update (GBPUSD)

  • #205,981
  • Mar 15, 2010 5:11am Mar 15, 2010 5:11am
Quoting pawpaw1000
thats right, and it is to be expected with all the money the french are investing in their rugby! I play for a Fed 1 team who are ranked 1st and is set to rise to Pro D 2 next year (Division 2). I'm South African Btw, this is my first season in france. Playing Lock but am still the youngster in the team at 23...

Reckon france will smash england 28-12

Sorry for the side track guys...
Also, historically after a Lions' tour, France tend to do well in the 6 Nations, although my value bets were on Ireland and Wales

Good luck with your rugby and it sounds you're doing well.

On-topic: You know my long-term view, but the bear run for today MIGHT have ended. Whatever you do, choose wisely and tread carefully. Hope you have a great day.
  • #205,982
  • Mar 15, 2010 5:11am Mar 15, 2010 5:11am
Quoting Clouds
is rugby good pay?
well, if you play 1st division, no less than 8k - 12k per month.

2nd division, no less than 3k - 4k per month

and this division, depends who you are. Some guys get measled with 1,5k per month but the top guys get upto 6k. Jonah lomu playing in this league...
@pawpaw1000 on Twitter
  • #205,983
  • Mar 15, 2010 5:12am Mar 15, 2010 5:12am
Quoting pawpaw1000
thats right, and it is to be expected with all the money the french are investing in their rugby! I play for a Fed 1 team who are ranked 1st and is set to rise to Pro D 2 this year (Division 2). I'm South African Btw, this is my first season in france. Playing Lock but am still the youngster in the team at 23...

Reckon france will smash england 28-12

Sorry for the side track guys...
Hi pawpaw what team do you support back home in the S14.
  • #205,984
  • Mar 15, 2010 5:15am Mar 15, 2010 5:15am
Quoting pepper
Hi pawpaw what team do you support back home.
I'll propably be belted for this but the Bulls, they are immensely powerful and the last 2 years have played awesome rugby. I should actually support the Stormers but NAH!

Back on: I'm looking for a signal of a bear continuation... Got 90min to decide to short or stay out. Definately NOT going long, have been burnt too many times by going against the trend...
@pawpaw1000 on Twitter
  • #205,985
  • Mar 15, 2010 5:21am Mar 15, 2010 5:21am
Cant remember who but somebody taught me on this thread to look for a breakout after London closes as this allows the US to choose direction without contest from london...

Maybe thats a good option!
@pawpaw1000 on Twitter
  • #205,986
  • Mar 15, 2010 5:24am Mar 15, 2010 5:24am
Interesting read from WSJ re UK rating:


BRITAIN'S top notch triple-A credit rating depends primarily on investor confidence that "resolute action" will be taken to bring debts under control, rather than when exactly such steps will begin, credit rating agency Moody's said today.
In a report, Moody's also warned if British government bond yields move significantly higher, it "would not be consistent" with a AAA rating over time, and noted the suspension of the Bank of England's bond-buying scheme poses an upside risk in this regard.
UK Chancellor of the Exchequer Alistair Darling will announce his budget plans on March 24, the last budget before an election due by June 3. Prime Minister Gordon Brown has said there will be no change in the government's plan to halve the deficit over the next four years.
Against a background of stretched debt affordability, Moody’s said the AAA rating depended on "a strong ability on the part of the government to restore its debt to more affordable levels through resolute action".

"The question here is less when fiscal retrenchment ought to start, but rather how credible it is that sufficient retrenchment will eventually take place," Moody’s said.

The UK government is expected to run a deficit of around 12.6 per cent of gross domestic product this year.
Moody's warned that while Britain forecasts gross public debt to stabilise at around 90 per cent of GDP in the coming years, it could rise even further if the recovery was muted and tax receipts didn’t recover quickly enough.
The UK economy grew marginally in the final quarter of last year, ending a six quarter-long contraction, but latest economic data have underscored concerns about the sustainability of that pick-up.
"The risk of a double-dip recession seems low, although the risk remains that growth continues to be modest for some time," Moody’s said, adding that the UK's recovery from the deepest slump in more than 50 years remained "fragile".
While public debt started the crisis at a relatively low level, "this fiscal space is currently being used to the full and public debt is rising rapidly," it cautioned. It said it believed there was room to hike taxes and cut spending to a greater degree than was planned.
The rating agency also highlighted the risks of rising borrowing costs, pointing out that last month's suspension of the BOE's ₤200 billion ($331bn) quantitative easing program "creates upside risk to yields" and "exposes the government more directly to market scrutiny".
Moody's warned "a rise in gilt yields may -- despite the long average life to maturity of public debt in the UK -- quickly stretch debt affordability to a level that, if it were maintained over time, would not be consistent with a (AAA) rating."
  • #205,987
  • Mar 15, 2010 5:34am Mar 15, 2010 5:34am
Quoting pawpaw1000
I'll propably be belted for this but the Bulls, they are immensely powerful and the last 2 years have played awesome rugby. I should actually support the Stormers but NAH!

Back on: I'm looking for a signal of a bear continuation... Got 90min to decide to short or stay out. Definately NOT going long, have been burnt too many times by going against the trend...
The BULLS are a great side.
  • #205,988
  • Mar 15, 2010 5:35am Mar 15, 2010 5:35am
Quoting pepper
The BULLS are a great side.
Yeah, but the bears are in charge here today.
  • #205,989
  • Mar 15, 2010 5:39am Mar 15, 2010 5:39am
Quoting cloggie
Yeah, but the bears are in charge here today.
yeah, lets hope they stay in control! dont need a curve ball right now. Still looking for a opportunity to short but market seems very stagnant.

maybe wait for breakout and buy in the same direction...
@pawpaw1000 on Twitter
  • #205,990
  • Mar 15, 2010 5:39am Mar 15, 2010 5:39am
Quoting cloggie
Interesting read from WSJ re UK rating:


BRITAIN'S top notch triple-A credit rating depends primarily on investor confidence that "resolute action" will be taken to bring debts under control, rather than when exactly such steps will begin, credit rating agency Moody's said today.
In a report, Moody's also warned if British government bond yields move significantly higher, it "would not be consistent" with a AAA rating over time, and noted the suspension of the Bank of England's bond-buying scheme poses an upside risk in this...
The risk of a double-dip recession remains low Not according to MoneyWeek. Letter from the editor-in-chief is titled 'The crisis isn't over yet' with the 1st article titled 'Recovey hopes fade as trade gap widens'. We shall see, but the omens aren't in UK's favour. Resolute action... from Labour
  • #205,991
  • Mar 15, 2010 5:40am Mar 15, 2010 5:40am
Quoting pepper
The BULLS are a great side.
Yes, the USD bulls.
  • #205,992
  • Mar 15, 2010 5:43am Mar 15, 2010 5:43am
Quoting bbakker
The risk of a double-dip recession remains low Not according to MoneyWeek. Letter from the editor-in-chief is titled 'The crisis isn't over yet' with the 1st article titled 'Recovey hopes fade as trade gap widens'. We shall see, but the omens aren't in UK's favour. Resolute action... from Labour
if any of you are able to, go and search for peter schiff on youtube. Things like PETER SCHIFF WAS RIGHT and PETER SCHIFF CRISIS.

he is the guy who predicted the crises on national TV a couple of times and it actually shows how people laugh and ridicule him, who is laughing now? NO ONE!

anyways, he has said that what was is just a mini crisis and whats to come is gonna be HUGE!

He is talking mainly about the US but guess that encompasses the whole world...
@pawpaw1000 on Twitter
  • #205,993
  • Mar 15, 2010 5:43am Mar 15, 2010 5:43am
Hi Traders,

US clocks have already gone back this weekend so oil will open at 1pm and equities 1.30pm

Here is a short video (normally about10 minutes) of the markets talking about my view on the week ahead from the proxies to currencies, commodities and equities (US only).

http://www.thehamiltons.co.uk/14-03_10/14-03_10.html
  • #205,994
  • Mar 15, 2010 5:43am Mar 15, 2010 5:43am
Quoting iCarumba
I won't stop shorting at this time ..... the 4h chart is still look very ... short
Don't forget to protect your profit by tight SL whatever market decide to change direction.
No Signal, No Trade. No fundamenals, No headache.
  • #205,995
  • Mar 15, 2010 5:51am Mar 15, 2010 5:51am
No stress, wots ur Tech on GU. i am long @ 1.5050 with a tight SL. am a newbie
  • #205,996
  • Mar 15, 2010 5:53am Mar 15, 2010 5:53am
Quoting No Stress
Don't forget to protect your profit by tight SL whatever market decide to change direction.
Yes and i suspect the market to change direction soon...
COT: The precious data ignored
  • #205,997
  • Mar 15, 2010 5:56am Mar 15, 2010 5:56am
Quoting Clouds
Yes, the USD bulls.
Sorry guys should have been a bit clearer,the Bulls are a rugby side in south Africa.
  • #205,998
  • Mar 15, 2010 5:56am Mar 15, 2010 5:56am
I don't think so.....TIC out in 5 minutes and should be positive.
  • #205,999
  • Mar 15, 2010 6:01am Mar 15, 2010 6:01am
Quoting Nectarios
I don't think so.....TIC out in 5 minutes and should be positive.
No, its bad
@pawpaw1000 on Twitter
  • #206,000
  • Mar 15, 2010 6:01am Mar 15, 2010 6:01am
Long on gu for a scalp target .5120
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