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Cable Update (GBPUSD)

  • #225,401
  • May 10, 2010 11:40am May 10, 2010 11:40am
Hesletine just knocked the nail on the head. Our next Prime Minister could once again be one that hasn't been elected by the voting public but one fiested upon the British people by a self serving Labour party, one that came second in the race by a clear distance.

Wish I had transferred some sterling over to Spain earlier in the day!!!!

Bugger!!!!
  • #225,402
  • May 10, 2010 11:53am May 10, 2010 11:53am
labour+libs got 15 mill votes
cons got 10 mill

So which should rule according to democratic principles ?

Thats how they are selling it - its all presentation

But as the rumours fly, it will be a turbulent summer I agree

Lots of trading opportunities in the months to come - but stop losses need to be tight and are mandatory coz it could move either way 200 pips at any time with zero warning.
  • #225,403
  • May 10, 2010 11:53am May 10, 2010 11:53am
dam it we have to see cable at14700's and eur 12700's or i will be wrong
  • #225,404
  • May 10, 2010 11:57am May 10, 2010 11:57am
Quoting allserene
labour+libs got 15 mill votes
cons got 10 mill

So which should rule according to democratic principles ?

Thats how they are selling it - its all presentation

But as the rumours fly, it will be a turbulent summer I agree

Lots of trading opportunities in the months to come - but stop losses need to be tight and are mandatory coz it could move either way 200 pips at any time with zero warning.

The scary bit is that Brown will try to form a coalition with all the nationalist having their hands out, Plyd Cymru already said they wanted 300MM a year for any cooperation. Add to that the SNP and the unionists and we are talking what 1Bn a year to govern?
  • #225,405
  • May 10, 2010 12:00pm May 10, 2010 12:00pm
Quoting allserene
labour+libs got 15 mill votes
cons got 10 mill

So which should rule according to democratic principles ?

Thats how they are selling it - its all presentation

But as the rumours fly, it will be a turbulent summer I agree

Lots of trading opportunities in the months to come - but stop losses need to be tight and are mandatory coz it could move either way 200 pips at any time with zero warning.
  • #225,406
  • May 10, 2010 12:05pm May 10, 2010 12:05pm
yesssssssssssssssssss i was wrong fiber
  • #225,407
  • May 10, 2010 12:40pm May 10, 2010 12:40pm
i was right and i miss to open my position 190 pips not in my pocket
  • #225,408
  • May 10, 2010 12:52pm May 10, 2010 12:52pm
GORDON BROWN QUITS: Former Labour minister Tony Benn says the PM's resignation was a principled one. The UK is heading for another general election, he adds.
  • #225,409
  • May 10, 2010 1:06pm May 10, 2010 1:06pm
Quoting bbakker
Iedereen in Engeland moet nu Nederlands spreken
Helemaal mee eens!

En rechts rijden.
  • #225,410
  • May 10, 2010 1:07pm May 10, 2010 1:07pm
The Conservatives are making a "final offer" to the Lib Dems, promising a referendum on bringing in a different voting system - known as AV - shadow chancellor George Osborne says. Labour had a referendum on AV in the their election manifesto
  • #225,411
  • May 10, 2010 1:55pm May 10, 2010 1:55pm
any body a live in the gave yard

pips on sale buy one get one free red or green
  • #225,412
  • May 10, 2010 1:59pm May 10, 2010 1:59pm
So if the libs go with labour, they don't know who the pm will be !

They will be committed to support whoever the labour lot come up with - Tony Benn ?

Blank cheque (oops check) or what ?

Lots of volatility to come... Pity there are no Yorkshire secessionists in the mix... I would fly back to vote.. in fact I might be t'President

Better in the US - total liberty and freedom to vote for either one or t'other only in reality ... plus lots of Monster Raving loonies for light relief too - Ron Paul, Ralph Nader etc and Texas secessionists, flat earthers, necrophiliacs for Jesus party, birthers, deathers, Free face lifts for gay disabled darfurian asylum seekers party. Endless amusement.

PS Cable when it moves, should go some ...
  • #225,413
  • May 10, 2010 2:11pm May 10, 2010 2:11pm
I dont know much about politics in the UK. Can they do horse trading to retain power?
This result with no clear mandate is really bad for any economy. It will take long time to recover from this downfall. What any country need the first thing is political stability.
  • #225,414
  • May 10, 2010 2:13pm May 10, 2010 2:13pm
Quoting allserene
So if the libs go with labour, they don't know who the pm will be !

They will be committed to support whoever the labour lot come up with - Tony Benn ?

Blank cheque (oops check) or what ?

Lots of volatility to come... Pity there are no Yorkshire secessionists in the mix... I would fly back to vote.. in fact I might be t'President

Better in the US - total liberty and freedom to vote for either one or t'other only in reality ... plus lots of Monster Raving loonies for light relief too - Ron Paul, Ralph Nader etc and Texas secessionists,...


Oohahahahaaaaaaaaaaaa,,, 'ta f*** man,,,, I haven't loughed this long 4 ages,,, aaaaahhh,,, they're even taking the british comedians Gervais, Russell brand, Omid Djalili 2 some extent
  • #225,415
  • May 10, 2010 2:13pm May 10, 2010 2:13pm
Quoting kill56
any body a live in the gave yard

pips on sale buy one get one free red or green
I can't really get a good read on cable today after my first two trades (+20 on first thanks to Brown's news, -14 afterwards). I've been scalping fibre for 10 pips at a time (+90 pips so far) on the 1M and 5M tf. I try not to be a scalper, but at +20 pips per hour, I can't really argue with the results. I never scalp cable because of the spread.
  • #225,416
  • May 10, 2010 2:18pm May 10, 2010 2:18pm
Some clarification. Labour are planning to offer the Lib Dems a bill on bringing in the AV electoral system and a referendum on a fuller system of proportional representation, Lib Dem sources tell the BBC. The Tories, by contrast, are offering a referendum on AV and fixed-term parliaments
  • #225,417
  • May 10, 2010 2:22pm May 10, 2010 2:22pm
Quoting Ineedpips9
I can't really get a good read on cable today after my first two trades (+20 on first thanks to Brown's news, -14 afterwards). I've been scalping fibre for 10 pips at a time (+90 pips so far) on the 1M and 5M tf. I try not to be a scalper, but at +20 pips per hour, I can't really argue with the results. I never scalp cable because of the spread.
spread? i use ib spread is only 1.5 at the moment. .5 in active trading time.
  • #225,418
  • May 10, 2010 2:23pm May 10, 2010 2:23pm
Quoting kill56
any body a live in the gave yard

pips on sale buy one get one free red or green
Checking the h1, I see a bearish flag forming, so I will go for the red ones on offer
  • #225,419
  • May 10, 2010 2:28pm May 10, 2010 2:28pm
Quoting winsome
spread? i use ib spread is only 1.5 at the moment. .5 in active trading time.
usually 3 or 4. right now it's 4.
  • #225,420
  • May 10, 2010 2:40pm May 10, 2010 2:40pm
Quoting Ineedpips9
I can't really get a good read on cable today after my first two trades (+20 on first thanks to Brown's news, -14 afterwards). I've been scalping fibre for 10 pips at a time (+90 pips so far) on the 1M and 5M tf. I try not to be a scalper, but at +20 pips per hour, I can't really argue with the results. I never scalp cable because of the spread.

cool bro fiber was more active till the news about brown be careful still risky we are trading the news
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