Okay, I thought by saying he needed to "stand up and be counted", you were implying he's not doing something that he should be doing with current policy? He will be held to account at a general election.

Cable Update (GBPUSD)

So, you're just down on the trading you published in this forum? Nice trading, Prof!

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What should he do?

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As Prime Minister, I think he has reacted well since announcing the first bank re-capitalisation plan last year. Indeed, he has been slightly ahead of the curve compared to other world leaders, many of whom originally buried their heads in the sand ...

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That's me out for +100 pips.... Could try for more, but it's pratically the weekend in London and family time calls! Good weekend all. Paul

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nice one, deserved. i took 100 pips on the long, but decided, in my infinite wisdom, that it was too risky to leave overnight...

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on the same page, AmeriTrini! well done on your long, btw...

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Let's hope it stays that way, Prof

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Agree with Bones on this one, there are some great threads on Forex Factory, where some very gifted traders (inc Bones himself) offer some excellent advice and support over a long period of time, without ever trying to sell products or services to ...

Cable Update (GBPUSD)

There will probably be little movement in Cable between now and the CPI data release in a hour from now. Equities are exeriencing a relief rally on the back of the announcements from Citi and BoA. I agree that r/r favours shorts, particularly as ...

Cable Update (GBPUSD)

The 15m 10ema has provided solid support over the past couple of hours for the pair, in addition to the recent surge in equities - which has kept the pair heavy on the bid. It will be interesting to see the effect on Cable from any pullback in ...

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You're right, he'll be ecstatic. Good for him.

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Same here, friend. I deemed it far too risky to leave longs overnight. Made some pips, so won't complain too much, but you can't help think of what you could've won. Joys of trading.

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So it's just the contango effect you've seen and not a spike.

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Can only think they're quoting a Feb contract as their main crude oil quote. WTI spot is trading just over $35 a barrel right now

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You're right, contango is the steepness of the forward cuve. What spot contract do they use? Who's your broker?

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It was just a quick mention, that's all. However, Cable is heavily influenced by movements in other assets, meaning movements in crude, other commodities and equities are very relevant, due to historical correlations. What aspect of Cable would you ...

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There's no spike, Al. It's just the contango on the futures contract, as they move from showing the Feb 09 to Mar 09 contract, as their benchmark quote.

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"He's not the Messiah. He's a very naughty boy!" Life of Brian

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[quote=Professor4x;2472181] I never called you a con artist, merely accused you of making a very naive claim in saying that all markets can be beaten mathematically, which impies you have trading algorithms that will always come out on top. Have a ...

Cable Update (GBPUSD)