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The Really Useless Thread

  • #149,921
  • Apr 18, 2017 4:57am Apr 18, 2017 4:57am
Quoting gammase1
{quote} All sorts of rumours circulating (snap election, resignation due to ill health, direct rule for Northern Ireland,,,), due to the unusual nature of announcing an unscheduled news conference.
A prominent Conservative peer and a very in-the-know journalist, Daniel Finkelstein, has come out saying there won't be an election announced. The ill health rumour seems far fetched (I actually saw Theresa May at a very low key event in her constituency - no media presence - on Friday and she looked in good spirits). Of the three most commonly circulating rumours listed above, an announcement regarding Northern Ireland seems the more plausible.

Obviously, like nearly everyone else, I don't have a clue as to what's coming; I'm merely passing the time until we find out.
  • #149,922
  • Apr 18, 2017 5:05am Apr 18, 2017 5:05am
Quoting lixobags
Theresa May is speaking at 11:15
Thanks

Wow. A surprise announcement by the British PM causes this much movement.
And just 10 more minutes till her big announcement
May the Forex be with you.
  • #149,923
  • Apr 18, 2017 5:07am Apr 18, 2017 5:07am
Quoting Borg
{quote} Thanks Wow. A surprise announcement by the British PM causes this much movement. And just 10 more minutes till her big announcement
Wow. election announced for 8th Jun

This will have to be voted on in Parliament, given the backdrop of the Fixed-terms Parliament Act. May will need a 2/3rds majority (i think), which she will likely get, as Labour, under Corbyn, have previously indicated they would not stand in the way of an election.
  • #149,924
  • Apr 18, 2017 5:44am Apr 18, 2017 5:44am
gu daily looks like a pennant.
the pole is a bit jacked.
horizontal line is the middle.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 95 KB
  • #149,925
  • Apr 18, 2017 5:56am Apr 18, 2017 5:56am
I am on thin ice here and are very unsure, hope Sisse show up soon. In the time between anyone?

This is my thinking so far:
From what I understand so far May is doing well on polls and will possible strengthen here position with the election. It means that if right she will continue the Brexit plan with greater confidence and support. Sterling is spiking up on the announcement. But is it big hands going out of longs? Retailers buying in to the momentum, news that can question the Brexit?.
Trading in the shadow of SM
  • #149,926
  • Apr 18, 2017 6:09am Apr 18, 2017 6:09am
Quoting NMZee
{quote} Talk about hitting 137.33 and then 137.9x.
Hello 3 1/2,
137.33 done. 137.9x well we will consider it done as well. Hopefully you were in the trade mr threehalf.
  • #149,927
  • Apr 18, 2017 6:09am Apr 18, 2017 6:09am
This is quite a big thread, for it to become a useless, and it is very nice information, but in the wrong title.
  • #149,928
  • Apr 18, 2017 6:25am Apr 18, 2017 6:25am
Quoting Earleone
I am on thin ice here and are very unsure, hope Sisse show up soon. In the time between anyone? This is my thinking so far: From what I understand so far May is doing well on polls and will possible strengthen here position with the election. It means that if right she will continue the Brexit plan with greater confidence and support. Sterling is spiking up on the announcement. But is it big hands going out of longs? Retailers buying in to the momentum, news that can question the Brexit?.
Approx 50% of people didnt want Brexit, these remainers have been very vocal about scuppering it.
The Tories/Labour/UKIP have all said they want to go ahead with Brexit. This leaving only the Liberal Democrats as the party who are pro remain, there is a high chance this party are going to have a huge surge in support.

I think this is a mistake by the Tories and can see a remainer protest vote
  • #149,929
  • Apr 18, 2017 6:37am Apr 18, 2017 6:37am
Quoting gatorinla
{quote} today's london close above 1.0856 would be welcomed in a bounce. below pushes 111.14 timeline back some. 1.0856 is supportive too
I see your 108.51 in 1 H chart. Strong rally base rally. Ideally it should not go down that far, i hope data will help us give thst push helping ourselves to 109.21. Breaking this levels will /can open 109.60
  • #149,930
  • Edited 7:49am Apr 18, 2017 6:49am | Edited 7:49am
Quoting Earleone
I am on thin ice here and are very unsure, hope Sisse show up soon. In the time between anyone? This is my thinking so far: From what I understand so far May is doing well on polls and will possible strengthen here position with the election. It means that if right she will continue the Brexit plan with greater confidence and support. Sterling is spiking up on the announcement. But is it big hands going out of longs? Retailers buying in to the momentum, news that can question the Brexit?.
Not an expert. Here's what l can figure:
For May its consolidate and firm up power while the numbers are good and some momentum exists.
For Sterling its the mere suggestion of less uncertainty in the brexit process. Lets see how long that feeling lasts.
For Equities its more uncertainty in the shorter term. And potentially clears some political obstacles in the harder brexit path.
Im sure someone more knowledgeable can sum it up better than i have done here so looking forward to that.

Im looking at GU shorts. The kneejerk may not carry too far into the 1.27 handle. Its possible a week close could be nearer to 1.26/1.2575.
I know what you mean about thin ice. Personally I'm less sure of things when the dollar isnt driving.
  • #149,931
  • Apr 18, 2017 6:51am Apr 18, 2017 6:51am
A very active morning in Europe with an unexpected (it was expected for Q3 not now) announcement coming from the UK. A quick knee jerk reaction in the FX board in Sterling and Euro and a bit shaper one in UK Equities.

A local politics decision rather than anything else. A final master stroke from the Tories that will please the nationalist chest beating hardcore Brexiters. T. May going 'all in' given very little chance to anybody in his party or even worst opposition to run in a proper election.

There is always political costs risks associate with elections but this one is aligning to be a major clean sweep as England (not the UK) will pretty much enter in a single party country blessed by the distracted average voter unaware of the perfectly deliver 'democratic coup d'tat'.

Letting the initial reaction play out for the next couple of hours/days in the political side to see if we are going to get anything that will affect main outlooks. For now all stay the same in Sterling*, Euro* and European Equities.

On the current flows after the announcement, eyes on the 1.068x handle in the Euro for the open as it will trigger a quick zigzag play to the top of the 1.070x handle until French election.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,932
  • Apr 18, 2017 7:41am Apr 18, 2017 7:41am
And I will short on this one ....eu
Re-Incarnated
  • #149,933
  • Apr 18, 2017 7:48am Apr 18, 2017 7:48am
Quoting primejarvis
And I will short on this one ....eu
Looks like a done deal for a quick run ...markets are not taking it that nice in London. Wont settle in Europe until the close or until a Tweet from a DT change.

For those holding Euro is trailing time one more time for those on the MT swing. For those still holding on short term positions is reverso in play for a 'zig' leg but the real money is on the zag in my books ...

GL all
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,934
  • Apr 18, 2017 7:50am Apr 18, 2017 7:50am
Quoting sisse
{quote} Looks like a done deal for a quick run ...markets are not taking it that nice in London. Wont settle in Europe until the close or until a Tweet from a DT change. For those holding Euro is trailing time one more time for those on the MT swing. For those still holding on short term positions is reverso in play for a 'zig' leg but the real money is on the zag in my books ... GL all
I agree to you ... Stop is too close so not getting worried at all .... Rest of the position posted before it's trailing time ....
Edit : S/O ...

I have 1.104x in my book ... Need your view
Re-Incarnated
  • #149,935
  • Apr 18, 2017 7:54am Apr 18, 2017 7:54am
[quote=NMZee;9770770]{quote} Hello 3 1/2, 137.33 done. 137.9x well we will consider it done as well. Hopefully you were in the trade mr threehalf.[/quote
Anyone trades eurgbp here. I see a big buy signal on daily. Need confirmation.
  • #149,936
  • Apr 18, 2017 7:59am Apr 18, 2017 7:59am
Quoting NMZee
{quote} I see your 108.51 in 1 H chart. Strong rally base rally. Ideally it should not go down that far, i hope data will help us give thst push helping ourselves to 109.21. Breaking this levels will /can open 109.60
1.0866 was enough, i showed 1.0851 and 1.0856 to show they were supportive. ideally they were below 1.0866 norm. so it made 1.0866 a ideal scalp point. with a fairly close stop point. for the low risk back to 1.0894 and maybe catch a wave.
Attached Image
those who can, do. those who cant, talk about those who can
  • #149,937
  • Apr 18, 2017 8:35am Apr 18, 2017 8:35am
making it great.
Attached Image
those who can, do. those who cant, talk about those who can
  • #149,938
  • Apr 18, 2017 8:54am Apr 18, 2017 8:54am
Quoting longshot_nl
gu daily looks like a pennant. the pole is a bit jacked. horizontal line is the middle. {image}
Deep crab is my entry. Its a nice one.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 140 KB
  • #149,939
  • Apr 18, 2017 8:55am Apr 18, 2017 8:55am
Quoting gatorinla
{quote} 1.0866 was enough, i showed 1.0851 and 1.0856 to show they were supportive. ideally they were below 1.0866 norm. so it made 1.0866 a ideal scalp point. with a fairly close stop point. for the low risk back to 1.0894 and maybe catch a wave. {image}
Great call as usuall. I did my scalp late in asian session. 1 h supply zone 109.18. I entered at 109.12 got out at 108.80. Question, if i want to load more longs, which point should it be.
  • #149,940
  • Apr 18, 2017 9:48am Apr 18, 2017 9:48am
...and I will take that in Sterling* and FTSE. Triple whammy here.Pay day in Sterling*. Clearing main target on EG the test 0.838x and first main target in GU on the test 1.276x. To put the cherry on top clearing long overdue 7177x first target in FTSE.

Simple and direct rides in the UK. Well done all riding the short and mid term legs especially those ( I know a few here) in UK Equities from 736x.

Excellent day for trading in Europe but important updates coming from the FX front for the European close at the top of next hour...

sisse

Quoting sisse
Sterling couldn't take 1.255x [check]but sitting in imminent break up alerts [check]in the short term to the test to top of the range.
Quoting sisse
....[EG]...in simple words mid term choppy zigzag 0.83xx [check] with risk and BOE for the ebb and flow-> and up we go. Long term parity via Euro* strength both from the macro side and global importance as currenc
Quoting sisse
Nothing really out of the ordinary in all except in FTSE that these next few weeks have a few other weights on top (RMT and Brexit) of the global factors. For now, not expecting to trip over beyond profit taking but keeping an extremely close eye on 736x.xx[super check] for the Q close as its the only level in play for the long/mid and now even short term swings....
Pending conversations? PM for a chat...I am mainly in OTM now
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