Knez. This has been discussed on the AT forum about a change in the market where liquidity providers, who are the pricing for fx, tend to pull back on bids or offers more quickly when they sense a large order going through. This is why you get this sudden spikes up or down and no follow through, which are like mini air pockets..
Belgrade Knez 12:13:47 GMT - 03/15/2019
NY JM 09:47 GMT 03/15/2019 - My Profile
JM, I didn't talk about pre-scheduled news but about sudden move of 25-50 pips ..... as such moves usually doesn't continue unless backed up by important data or so....JMO
GVI Forex Jay Meisler 11:21:51 GMT - 03/15/2019
JP, we cannot compete with the news algos as to getting the news first. All we can do is be aware of what triggered a move and then decide whether to go with it or fade it.
Bali made a good point and that is AT more often than not shows what side is mist vulnerable to news before it comes out. Also when news comes out most of us are trading rather than posting. GV does a good job posting breaking news/
AT also gives you levels to trade after news comes out. I can show you countless examples but you will then say it is posted after the fact.
Mtl JP 11:20:25 GMT - 03/15/2019
Sja 10:37 plz fell free to live-demonstrate
at next opp
Bali Sja 10:37:47 GMT - 03/15/2019
JP, AT can do it easily, beating everyone and every news beforehand
Mtl JP 10:32:44 GMT - 03/15/2019
JM 09:47 respectfully I dis-agree
can u please point to one real-time post on GV calling a trade in real-time as news was coming out and beating the news algo i.e. profitably ?
NY JM 09:47:40 GMT - 03/15/2019
I disagree. We live in a headline driven trading world. It is important to be aware of what news is triggering a move. You can then make a reasonable assessment whether what you see on charts will follow through. Exsmples are the last ECB meeting and Brexit votes this week.
Belgrade Knez 08:16:59 GMT - 03/15/2019
Singapore SC 07:56 GMT 03/15/2019
Brexit news? Gbp down
why do you always need to know the reason why market moved!?
someone buying someone selling ..... market goes up/down ....25-50 pips doesn't mean something major happen ..... watch the charts and trade accordingly
Sydney ACC 08:12:10 GMT - 03/15/2019
Reuters reports UK Deputy PM Lidington stating UK wants orderly Brexit but default is to exit on March 29
london red 08:11:02 GMT - 03/15/2019
you may be able to find some bits such as tory brexiteers lawyers rejecting AG Cox's fresh advice, but that facts are mkt is looking for a reason to take profit given that key vote is middle of next week. sterling wont go under 1.30 but it will drift lower. eugbp ~86 worth a fade, cable 13125-13175 likely sup also.
Singapore SC 07:56:45 GMT - 03/15/2019
Brexit news? Gbp down
Bali Sja 00:06:35 GMT - 03/15/2019
Yes JP, what a pathetic beggar mentality, keep begging brits.
Sydney ACC 21:59:15 GMT - 03/14/2019
UK Telegraph reports Attornwey General Cox's new legal advice that UK can break Irish backstop unilaterally under Vienna Convention.
This assumption was raised earlier this week but discounted at the time.
Mtl JP 21:40:46 GMT - 03/14/2019
gee-ziss, what did the britts sign themselves up for when they first joined the EU princes in their union. I still have "EU ? Lets get shot of it" coaster around... wistful memorabilia
So now the govvy can go beg for extension to Article 50 from March 29th . Exactly what that will be is not clear but what is apparently sure is that it will need to be unanimously approved (oh yo-yoy, ouch this hurts) by the EU27.
well at least this circus is providing volatility and so trading opps
besides continued humiliation
london red 18:46:02 GMT - 03/14/2019
with not much going on now we may see some profit taking over next 24 hours. Levels around and abv 8600 worth fading. Cable 13125-13175 likelt to attract bids.
london red 17:12:18 GMT - 03/14/2019
nh, correct. the irony is no deal gets us to a fta faster...
Mtl JP 16:56:15 GMT - 03/14/2019
red 16:08 when it comes to co-mingling politics and FX
I try to remind myself that priceaction in FX can be is bi-directional
as 1.3286 holds
Livingston nh 16:30:00 GMT - 03/14/2019
With respect only to the POUND (not politics or economy) a No Deal in two weeks is better than the Withdrawal Agreement -- The WA keeps the issues alive for two more years of uncertainty -- NO Deal may spike down but by Summer the Pound will be near these levels
Mtl JP 16:15:48 GMT - 03/14/2019
guess the emotions are more pent-up than I appreciate
Mtl JP 16:14:10 GMT - 03/14/2019
ieegadz.. I was thinking on drip drip 1.33 - 1.3350
not that I would not be happy
london red 16:08:21 GMT - 03/14/2019
JP re your cliff dive, this can only happen on negative brexit related news, something which takes us away from soft brexit/extension to which we are currently going. otherwise, the drips of news will see a continued drift higher. a soft brexit is probably worth aroun 135-137 on cable, while euregbp around 8333 (1.20)
Mtl JP 16:05:52 GMT - 03/14/2019
no need to watch the theatrics
magnitude and direction of priceaction
will tell how they r voting
Mtl JP 15:52:59 GMT - 03/14/2019
current s/t bias setter point
Mtl JP 14:58:15 GMT - 03/14/2019
seeing as gbp is currently allergic to testing 1.32
only reinforces red's earlier musing
which would imply that IF suddenly
GBP slumps to and does not firmly hold 1.32,
a cliff-dive to low 1.31 should not take long
GVI Trader john 13:42:20 GMT - 03/14/2019
at this point, not much. Problem is finding someone who wants the job.
Mtl JP 13:30:41 GMT - 03/14/2019
what would it take for Theresa to POOF! her leadership ?
london red 13:27:50 GMT - 03/14/2019
no deal can be ruled for good if they go for WA. it can be ruled out for a period of time, the length of any extension they agree, but since it remains default option, it would still linger in such a case unless a trade agreement is made by the end of the extension period.
today they will be voting on extension which is certain to pass unless some amendments such as 2nd ref get thru, although highly unlikely to do so. but also will vote to have indicative votes in coming days on direction uk should take once extension decided.
Belgrade Knez 13:09:10 GMT - 03/14/2019
hope EU will not allow extension of Brexit date and end this circus that UK politicians doing for last 2 years.
Mtl JP 13:05:38 GMT - 03/14/2019
but a no-deal Brexit can not be 100% ruled out
at this time just yet
Mtl JP 12:24:43 GMT - 03/14/2019
red thank you for that cheerful note
london red 12:12:24 GMT - 03/14/2019
pressing for long extension is such a great play for eu. it gets 2 more years for uk to "rethink" its choice as well as getting money in the meantime out of the uk, while it also pressures the hrad brexiteers in tory party to accept the WA which puts the eu on higher ground in terms of future trade arrangements.
Mtl JP 12:08:14 GMT - 03/14/2019
Brexit Article 50: Tusk to ask EU to consider long extension - BBC
Brexit extension beyond May means UK participation in EU elections: Commission
Mtl JP 11:46:47 GMT - 03/14/2019
Donald J. Trump
22m22 minutes ago
My Administration looks forward to negotiating a large scale Trade Deal with the United Kingdom. The potential is unlimited!
Mtl JP 10:54:42 GMT - 03/14/2019
UK lawmakers seek to force indicative votes on Brexit next steps
- Reuters·7 mins ago
Dillon AL 00:40:48 GMT - 03/14/2019
Since when did Blair care about that. Remember Iraq
Mtl JP 00:07:04 GMT - 03/14/2019
reports out that
Tony Blair has been advising Emmanuel Macron about how to keep Britain in the European Union, it has been reported.
- various news wires
Isn't conspiring with a foreign power to subvert the will of the people a capital offense ?
Mtl JP 20:50:54 GMT - 03/13/2019
Brexit vote: May to promise delay until June or beyond after no-deal blow — live
9 mins ago
Livingston nh 20:44:10 GMT - 03/13/2019
UK is now wholly dependent upon the kindness of strangers -- MAY is either delusional or devious beyond comprehension // either is unfit to lead
Mtl JP 20:22:39 GMT - 03/13/2019
next shark trgt could be 1.3350
Mtl JP 20:15:34 GMT - 03/13/2019
1.3287 res now POOF !
Mtl JP 20:06:23 GMT - 03/13/2019
current GBP res at 1.3287
london red 19:46:40 GMT - 03/13/2019
gov telling its mps to vote against motion given the spelman amendment passed earlier.
london red 19:46:05 GMT - 03/13/2019
no cant say i am. main vote now.
Mtl JP 19:43:10 GMT - 03/13/2019
red r u surprised ?
london red 19:38:22 GMT - 03/13/2019
wow just listening to bbc rees-mogg interview now and they are so biased against no deal.
london red 19:35:15 GMT - 03/13/2019
eu should just grow balls and not grant extension. its the only why the jump over exit and get str8 to fta talks. which would happen rather quickly then i would suspect.
PAR19:27:32 GMT - 03/13/2019
No to NO DEAL
NO to DEAL
Crazy BREXIT. Looks like UK can only vote NO, NO NOOO
london red 19:21:41 GMT - 03/13/2019
amendment a has passed, expect some resignations tomorrow from tory cabinet, as some have gone against the government.
london red 18:51:39 GMT - 03/13/2019
in a nutshell
Mtl JP 18:32:52 GMT - 03/13/2019
It is easier to "get it" if you accept that the EU has two goals:
1) try to get UK to have a 2nd vote
2) IF UK is going to Brexit, EU wants to make an example of the exercise so as to intimidate any such future follies:
we are the EU. resistance to assimilate is futile
PAR15:58:52 GMT - 03/13/2019
I don't get it . No Deal is the best deal . Just get out . Europe will come back begging .
london red 15:34:42 GMT - 03/13/2019
JP, tonite MPs are certain to vote to take no deal off the table, but until its replaced by an alternative (they will need ed to be accepted by the eu if involves a delay), then no deal is not truely off the table.
Mtl JP 14:43:36 GMT - 03/13/2019
GBP and Brexit
for GBP to rock uP again
all it would take is a headline about parliamentarians taking no-deal off the table.
in the meantime looks like gbp riding on hope-timism
PAR14:42:11 GMT - 03/13/2019
No Deal Brexit could create a deflationary spiral in the UK . Tariffs go down , GBP hits new all time record high , Carney introduces NIRP ?
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Sun 10 Mar 2019 AA CA/US- Clocks Move forward one Hour Mon 11 Mar 2019 AA 13:30 US- Retail Sales Tue 12 Mar 2019 AA 09:30 UK- Trade/Output AA 13:30 US- CPI Wed 13 Mar 2019 A 13:30 US- Durable Goods A 13:30 US- PPI A 16:00 US- EIA Crude Thu 14 Mar 2019 A 13:30 US- Weekly Jobless Fri 15 Mar 2019 AA 03:00 JP- BOJ Decision A 14:15 US- Industrial Production A 15:00 US- Flash Univ of Michigan
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