Having now taken a few days to digest the detail of the UK-EU agreement, here's a couple of observations from me on the deal, what it means, how we got here, & where it might take future UK-EU relations.
(A long thread)
This shouldn't preclude us, or MPs and MEPs, from looking critically at the deal on the table. /3
From the EU's view, integrity of the single market is preserved with level-playing field obligations which go virtually beyond any other 3rd-country (even the Swiss). /4
This negotiation was about defensiveness: protecting "sovereignty" on the UK side and "integrity of the single market" on the EU side, and at any price. /6
This is far more than UK initial position, but less than the EU’s ask. /7
Again, a reasonable compromise, but closer to the EU position than the UK's. /8
The scope is wide: it applies to any future subsidies, or labour/social, or envi/climate protections. /9
Importantly, the right to impose rebalancing measures is symmetrical (both sides can use it), and /10
The two principles are just what I proposed several weeks ago as a way to break the deadlock. /11
https://t.co/jhPOopV36z
There's a compromise here if the UK and EU can agree on 2 principles:
— Anton Spisak (@AntonSpisak) December 12, 2020
(1) the unilateral right to retaliate must be symmetrical (which the EU seems to accept now), and
(2) the proportionality of any tariffs can be challenged before independent arbitration.
(4/n)
Fortunately, there's a review clause after 4 yrs. /12
Otherwise, it has folded completely. It accepted a single legal treaty that it had vehemently opposed at the outset; /13
I'd note one aspect where the UK has conceded: dispute resolution & cross-retaliation (there can be tariffs if there's no future agreement on quotas). /15
https://t.co/knd9FDO0gf
Fish thread.
— John Lichfield (@john_lichfield) December 26, 2020
Having read the Brexit deal, I believe B. Johnson misled the nation on Thurs when he said Britain could catch \u201call the fish that it wants \u201d in UK waters in 5 years\u2019 time. The clear presumption in the text is that EU fleets will have similar access after 2026.1/12
In my view, what matters in assessing the quality of a deal is not only the obligations, but also the rights it gives and the balance btwn rights & obligations. /16
True, it provides access without tariffs and quotas (fow now, and s.t. goods qualifying for zero tariffs).
Plus, helpful provisions on air and road transport & energy; which are all a function of UK-EU proximity. /17
Here're several notable examples. /18
The EU agreed it (in limited way) with Canada, US, Switzerland, etc. The UK asked for It in its initial offer (see below).
With the exception of a handful of sectoral annexes, you won’t find it in the final deal. /19
The same. The EU agreed with Canada, Japan, and proposed it to AUS/NZ.
Search for it in the deal, but you won’t find it. With implications for trade between GB and NI. /20
The final offer on temporary movement of business visitors (Mode 4) is less generous than EU-Japan.
Also, forget about accompanying spouses, children, etc, that the UK had proposed initially. /21
This isn't about equivalence, but about ongoing cooperation. It can be found in EU-Japan. Forget about it here.
There'll be a non-binding MoU next year.
(Btw, this, from Sunak, is embarrassing) /22
https://t.co/pjQFi0oEyq
More from Trading
As this year comes to an end, here are the 11 most powerful threads on Subasish Pani exclusively compiled for you all.
Collborated with @AdityaTodmal
1/ Important concepts from Power of Stocks - Subasish
Important Concepts from Power of Stocks\u2014 Subhasish Pani
— Aditya Todmal (@AdityaTodmal) August 12, 2022
7+ years of trading experience in 14 tweets\U0001f9f5
Collaborated with @niki_poojary
2/ Important concepts with video links of Subasish
There are plenty of videos of Subhasish Pani from Power of Stocks.
— Aditya Todmal (@AdityaTodmal) April 17, 2022
You already know those.
Instead, here are 12 concepts from his videos that will make you a better trader\u2013\u2013not worse:\U0001f9f5
Collaborated with @niki_poojary
3/ The 5 EMA
Subasish Pani revealed the most simple, yet successful strategy: 5EMA set up!
— Nikita Poojary (@niki_poojary) July 3, 2022
Here is a thread of 23 video clips on the 5EMA set-up that will save you hundreds of hours and available to you for no cost!
5EMA set-up: \U0001f9f5!
Collaborated with @AdityaTodmal
4/ The Bollinger Band set-
A set up which has a minimum Risk/Reward (R/R) of 1:4
— Nikita Poojary (@niki_poojary) October 2, 2022
This set up can be used for intraday, option selling, option buying, as well as investing.
Maximum profit strategy by Subasish Pani.
Bollinger band set-up: \U0001f9f5!
Collaborated with @AdityaTodmal pic.twitter.com/aEIUVQF2XY
You May Also Like
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5