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  • UK PM will give a statement on government Brexit policy. No other journos invited. On telly at 1345

Added at 8:05am

  • Theresa May to say she won't change tack on Brexit

    From bbc.com

    UK prime minister Theresa May is set to confirm she will not change tack on Brexit despite her Chequers plan being rejected by EU leaders. Mrs May will shortly make a statement in Downing Street on the state of Brexit negotiations following a summit of EU leaders in Salzburg. Brexit Secretary Dominic Raab said there was no "credible alternative" on the table from the EU at the talks. And he expressed doubt over how serious EU leaders were about the negotiations. He told the BBC's Politics Live: "It did not feel like the reciprocation of the statesmanlike approach that she (Mrs May) has taken". The UK is due to leave ... (full story)

  • #1
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  • Sep 21, 2018 8:01am Sep 21, 2018 8:01am
  • #2
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  • Sep 21, 2018 8:05am Sep 21, 2018 8:05am
make the statement = GBP drop
No statement = GBP up
WTF
  • #3
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  • Sep 21, 2018 8:07am Sep 21, 2018 8:07am
ARE YOU READY TO RUMBLEEEEe !!!!
  • #4
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  • Sep 21, 2018 8:13am Sep 21, 2018 8:13am
All these movements are fake generated by Algos. Nothing more nothing less. Still prefer to stay on my long positions here.
  • #5
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  • Sep 21, 2018 8:14am Sep 21, 2018 8:14am
Quoting XuMar
make the statement = GBP drop No statement = GBP up WTF
As a day trader, we come to realize that the "knee-jerk" effect you speak of is caused most by those that don't actually know how to trade.
  • #6
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  • Sep 21, 2018 8:20am Sep 21, 2018 8:20am
get ready to be teabagged by bots !
  • #7
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  • Sep 21, 2018 8:30am Sep 21, 2018 8:30am
I'm really curious to see what will happen. Its all bullshit ...
  • #8
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  • Sep 21, 2018 8:36am Sep 21, 2018 8:36am
GBP will crash
  • #9
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  • Edited 9:22am Sep 21, 2018 8:41am | Edited 9:22am
eurusd will bullish soon.?
chandan agrawal
  • #10
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  • Sep 21, 2018 8:42am Sep 21, 2018 8:42am
Quoting abtvah
All these movements are fake generated by Algos. Nothing more nothing less. Still prefer to stay on my long positions here.
Be careful about that long - the Pound hit the 38% retracement last night and it's ready for a tumble
...because you never know - until you do!
  • #11
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  • Sep 21, 2018 8:45am Sep 21, 2018 8:45am
Just tell them we are off - WTO we do us, no more Euro nonsense.
  • #12
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  • Sep 21, 2018 8:46am Sep 21, 2018 8:46am
Quoting fxsport
{quote} Be careful about that long - the Pound hit the 38% retracement last night and it's ready for a tumble
I have been in this ride since late August, so no problem on this. Got my half profit days ago and let the rest play here and there.
  • #13
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  • Sep 21, 2018 8:51am Sep 21, 2018 8:51am
From years of part time trading, I've learned that the only zones that need my attention are those made by price only on top and bottoms. So I have been ignoring all other fibos, pivots, blah blah since that time. So that 38% retracement is not important to me.
  • #14
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  • Sep 21, 2018 8:53am Sep 21, 2018 8:53am
Given the price sensitivity to these verbal utterances, you have to wonder how much said politicians are getting to front-run on these GBP crosses... true insider trading.
  • #15
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  • Sep 21, 2018 8:56am Sep 21, 2018 8:56am
Quoting chandanfx
eurusd will bullish soon..
Its heading towards 1580, don't let it fool you.
Everyone can see the chart, but only a few can actually read it.
  • #16
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  • Sep 21, 2018 8:57am Sep 21, 2018 8:57am
The irony is that it may well be the Poles that effect a solution.
  • #17
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  • Sep 21, 2018 8:59am Sep 21, 2018 8:59am
Quoting Lamplighter
The irony is that it may well be the Poles that effect a solution.
How so?
  • #18
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  • Sep 21, 2018 9:01am Sep 21, 2018 9:01am
One thing to consider is just how ideological elitist thinkers are in the EU. Have never really shrugged off the Medieval idea that elites know better then the mass mind which is the foundation of Democracy.
All they know is one Ring to rule them all and they can not fathom that a group working together with a common Will is superior then Control from Top down which is very much the Machiavellian political structure of EU.
UK is not going to surrender one square inch of its territory just to cut a Trade deal with Brussels. That is a step too far for Brussels which they appear to believe they are entitled to.
  • #19
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  • Sep 21, 2018 9:01am Sep 21, 2018 9:01am
"technical difficulties"

unbelievable, the brits still can't get electricity right
  • #20
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  • Sep 21, 2018 9:03am Sep 21, 2018 9:03am
Quoting Fml
"technical difficulties" unbelievable, the brits still can't get electricity right
The Brits? How many of them are left in the UK?
Everyone can see the chart, but only a few can actually read it.
  • #21
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  • Sep 21, 2018 9:07am Sep 21, 2018 9:07am
Love the fact the Pound is getting crushed today. Brexit bastards
  • #22
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  • Sep 21, 2018 9:11am Sep 21, 2018 9:11am
...And there is my 1/2 penny on the Euro. Thank you Very Much. Have a good weekend all!
  • #23
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  • Sep 21, 2018 9:13am Sep 21, 2018 9:13am
May just lobbed a grenade back to the EU.
  • #24
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  • Sep 21, 2018 9:24am Sep 21, 2018 9:24am
Quoting XuMar
make the statement = GBP drop No statement = GBP up WTF
She should stop making statements - everyone knows she is a bloody remoaner who will bring the country down.

Why would she need to explain to EU any reason why they reject and would end up with no deal? It's like a puppy collared by a giant gargoyle!
  • #25
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  • Sep 21, 2018 9:25am Sep 21, 2018 9:25am
Quoting abtvah
All these movements are fake generated by Algos. Nothing more nothing less. Still prefer to stay on my long positions here.
Sooner or later, you are correct.....these sell offs have all been buying opportunities as of late.
  • #26
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  • Sep 21, 2018 9:28am Sep 21, 2018 9:28am
Quoting foto
One thing to consider is just how ideological elitist thinkers are in the EU. Have never really shrugged off the Medieval idea that elites know better then the mass mind which is the foundation of Democracy. All they know is one Ring to rule them all and they can not fathom that a group working together with a common Will is superior then Control from Top down which is very much the Machiavellian political structure of EU. UK is not going to surrender one square inch of its territory just to cut a Trade deal with Brussels. That is a step too far...

EU think they are the most intelligent people in the world. This only shows how controlling they are. Macron was mad stating "UK think it was easy to get out of EU it wasnt." He is completely barking! It is easy but because Brussels was completely over the moon of getting the 40 Billion they don't look at any side but only where the money is... they need that money because sooner than later they will lose more members.... and there won't be any EU anymore.
  • #27
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  • Sep 21, 2018 9:35am Sep 21, 2018 9:35am
Salzberg wine was off. People say silly things, but then its too late. In the end money can either ‘talk’ or it can ‘walk’. Anyone taking binaries on ‘deal or no deal’?
  • #28
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  • Sep 21, 2018 9:46am Sep 21, 2018 9:46am
Quoting Wayne2401
{quote} How so?
Due to geography and financial needs. Uncle Vlad sits to one side, the money machine sits over on the other. Warsaw is equidistant between Moscow and London.
  • #29
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  • Sep 21, 2018 9:50am Sep 21, 2018 9:50am
Quoting Lamplighter
{quote} Due to geography and financial needs. Uncle Vlad sits to one side, the money machine sits over on the other. Warsaw is equidistant between Moscow and London.
Sorry, I still do not understand?
  • #30
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  • Sep 21, 2018 9:51am Sep 21, 2018 9:51am
Quoting ArcZone
Love the fact the Pound is getting crushed today. Brexit bastards
Pound is getting sold off because lots of people bought it in the past 2-3 weeks and are now being squeezed when the political tide has turned and especially the late comers to the long party.. So all those short term speculative long positions have to sell to prevent loss or preserve/take at least some profit. Add that order flow to the Stops that are triggered along with the speculative shorts that will exploit the situation and there you have your order flow. At these levels there won't be too many brave enough to be buying so not too much on the Bid to get in the way. Today's utterances are just the excuse needed to flip it. If it wasn't this there would be another excuse for something similar...
  • #32
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  • Sep 21, 2018 10:16am Sep 21, 2018 10:16am
Quoting nbfx
Hidden
UK does not owe the EU anything. If ever there is money involved, it will be just simply be charity. And just think, since UK has become part of the EU, migration has brought about an increase of 10-15% of the population... would anyone want the UK to be the next Greece??? or like Spain or Italy who are being pushed to accept everything the EU says and not question Brussel's authority.


There are a lot things 40 Bil can do for the UK.... housing found, elderly care, NHS, education, military and police, funding for the special needs, .. the list is endless.
  • #33
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  • Sep 21, 2018 10:24am Sep 21, 2018 10:24am
Quoting Wayne2401
{quote} Sorry, I still do not understand?
It is more in Poland's interest than any other EU nation that a deal is struck, because of the financial fallout and the political existential threat from an ambitious Russia if one isn't. The EU is going to have to make up the financial hole left by a 'no deal' situation - and guess which nations of the EU are going to be affected most...
  • #34
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  • Sep 21, 2018 10:26am Sep 21, 2018 10:26am
Quoting interludebay
{quote} UK does not owe the EU anything. If ever there is money involved, it will be just simply be charity. And just think, since UK has become part of the EU, migration has brought about an increase of 10-15% of the population... would anyone want the UK to be the next Greece??? or like Spain or Italy who are being pushed to accept everything the EU says and not question Brussel's authority. There are a lot things 40 Bil can do for the UK.... housing found, elderly care, NHS, education, military and police, funding for the special needs, .. the...
I'd be inclined to agree. I was being magnanimous...
  • #35
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  • Sep 21, 2018 10:28am Sep 21, 2018 10:28am
Quoting ArcZone
Love the fact the Pound is getting crushed today. Brexit bastards
Pound getting crushed has NOTHING to do with fundamentals - I've been saying this was going to happen for the past 3 weeks. I mentioned it earlier too....

The CHARTS tell the story. Learn Fibs and EW theory
...because you never know - until you do!
  • #36
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  • Sep 21, 2018 10:28am Sep 21, 2018 10:28am
Quoting interludebay
{quote} UK does not owe the EU anything. If ever there is money involved, it will be just simply be charity. And just think, since UK has become part of the EU, migration has brought about an increase of 10-15% of the population... would anyone want the UK to be the next Greece??? or like Spain or Italy who are being pushed to accept everything the EU says and not question Brussel's authority. There are a lot things 40 Bil can do for the UK.... housing found, elderly care, NHS, education, military and police, funding for the special needs, .. the...
True - but it would be better invested in things that will generate prosperity rather that just feed consumption - hard choices but better in the long run.
  • #38
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  • Sep 21, 2018 10:30am Sep 21, 2018 10:30am
Quoting fxsport
{quote} Pound getting crushed has NOTHING to do with fundamentals - I've been saying this was going to happen for the past 3 weeks. I mentioned it earlier too.... The CHARTS tell the story. Learn Fibs and EW theory
Erm remember indicators indicate they don't lead. Fundamentals are the engine, money is the fuel. Specifically on GBP, nothing as yet really happened the UK is still in the EU until next March. So these price moves are all about sentiment, and to that end are being influenced by emotion, reactions to these daily political shenanigans. Expecting retracements to the mean into next week - when we hear more pro/anti utterances, and the merry circus continues.
  • #39
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  • Sep 21, 2018 10:31am Sep 21, 2018 10:31am
Quoting nbfx
Hidden
EXACTLY - see my earlier comment. May is learning from Trump - hate me but it's TRUE
...because you never know - until you do!
  • #40
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  • Sep 21, 2018 10:33am Sep 21, 2018 10:33am
Quoting Lamplighter
{quote} Erm remember indicators indicate they don't lead. Fundamentals are the engine, money is the fuel.
I agree with you about indicators - totally useless

FIB & EW theory "predicts" possible levels based on nature and group think/theory.

Price Action is the BEST way to trade
...because you never know - until you do!
  • #41
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  • Sep 21, 2018 10:39am Sep 21, 2018 10:39am
Quoting Lamplighter
{quote} Erm remember indicators indicate they don't lead. Fundamentals are the engine, money is the fuel.
Yeah. Fundamentals set the stage - provide the back drop, the setting, the narrative.
Order flow provides action.
The rest is voodoo!
  • #42
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  • Sep 21, 2018 10:42am Sep 21, 2018 10:42am
Quoting fxsport
{quote} I agree with you about indicators - totally useless FIB & EW theory "predicts" possible levels based on nature and group think/theory. Price Action is the BEST way to trade
I'm guessing you treat price action in a similar way that I read the order-flow and positioning of the market combined with logic and reason as to how people will be forced to react in given scenarios?
  • #43
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  • Sep 21, 2018 10:42am Sep 21, 2018 10:42am
Quoting fxsport
{quote} I agree with you about indicators - totally useless FIB & EW theory "predicts" possible levels based on nature and group think/theory. Price Action is the BEST way to trade
Yup I go for key levels on higher timeframes - they work like magnates/targets. Sizing and MM'ing accordingly. 'As the branch bends so the tree's inclined'.
  • #44
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  • Sep 21, 2018 10:52am Sep 21, 2018 10:52am
Quoting interludebay
{quote} EU think they are the most intelligent people in the world. This only shows how controlling they are. Macron was mad stating "UK think it was easy to get out of EU it wasnt." He is completely barking! It is easy but because Brussels was completely over the moon of getting the 40 Billion they don't look at any side but only where the money is... they need that money because sooner than later they will lose more members.... and there won't be any EU anymore.
Yes this is my primary reason for staying Bearish on Euro. Market is in love with all the machismo but machismo is not going to pay the Bills. The more dysfunctional Brussels becomes as using Reason to work out problems entails being Pragmatic, however political decision making is dominated by ideology based in the New world order concept. It is an intractable situation which can only get resolved thru a change in Leadership in Europe. Until that time comes the stress levels are going to keep rising.
All this back round posturing is going to dampen real world investment and considering the Debt servicing requirements in Europe any slowing in growth, which is manifesting currently, is leveraging against a successful future.
The markets whole bet on the future is that CB's are just going to print more money. True that has worked to keep things elevated but it is not translating into real world growth in Europe.
  • #45
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  • Sep 21, 2018 3:06pm Sep 21, 2018 3:06pm
Quoting Lamplighter
{quote} Due to geography and financial needs. Uncle Vlad sits to one side, the money machine sits over on the other. Warsaw is equidistant between Moscow and London.
People can laugh at me if they want, but if I could choose two and only two world leaders to sit and privately hash out deals/solutions to most of the world's major issues, they would be... Donald Trump and Vladimir Putin.
  • #46
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  • Sep 21, 2018 3:29pm Sep 21, 2018 3:29pm
Quoting Ratmach
{quote} People can laugh at me if they want, but if I could choose two and only two world leaders to sit and privately hash out deals/solutions to most of the world's major issues, they would be... Donald Trump and Vladimir Putin.
Really(!) - these figureheads and grandstanders don't do the real work - its the diligent civil servants behind the scenes that grind through the nitty gritty. Putin & Trump are only in it for themselves - power is the greatest drug of all.
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