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Cable Update (GBPUSD)

  • #432,621
  • Jun 17, 2016 5:04am Jun 17, 2016 5:04am
Quoting suneth2
{quote} Oh I have only $300 on equity ,my current leverage is 1:500, if i keep opened one order with lot 0.1, When they reduce leverage to 1:25 will that order stop out ?
Well if you have an open order and you don't want to close it because the market is going against you then you could hedge your trade over the brexit week. The other option is if your loss is minimal then closing it could be the best option.

i.e If you have a buy order right now hedge it with a sell order and vise-versa.

You sound fairly concerned about this so I would recommend calling your broker as well.

Curiously because I haven't heard this from my broker yet, when do things revert back to normal. The day after brexit or the week after?
Don't Leave Money on the Table
  • #432,622
  • Jun 17, 2016 5:05am Jun 17, 2016 5:05am
The below chart shows how IG Group are pricing the risk of Brexit. Following yesterday's news, the odds of the UK remaining within the EU have jumped to 67%. This is pretty much in line with bookmakers offering odds on the outcome.

Interestingly, even when Leave have taken a lead in the opinion polls, the bookmakers, including IG Group, have alwas favoured a Remain outcome, pricing the odds of remaining above 55%. I guess this is anomaly is based on the assumption that, from using previous referendums as case studies, undecided voters are generally more inclined to retain the status quo coming polling day.

Since focusing on immigration fears, the Leave vote have gained traction. However, following yesterday's events, will Leave campaigners be as vocal on this issue? And, if so, will the electorate respond in the same way? It could well be a more toned down campaign from now until polling day. The implications on sterling are obvious.

Interesting times.
Attached Image (click to enlarge)
Click to Enlarge Name: brexit.png Size: 121 KB
  • #432,623
  • Jun 17, 2016 5:23am Jun 17, 2016 5:23am
14267 is GB half back so is weak watch out if it comes down again from here...
Ubi maior minor cessat
  • #432,624
  • Jun 17, 2016 5:39am Jun 17, 2016 5:39am
Quoting viorel_br
{quote} With $300 you won't be able to trade 0.1 lot at 1:25 leverage. You need over $400 in order to trade it.
no it won`t stopout - you have 300 pips at 1 us dollar at the moment, but if you close the trade and re-open it again with leverage at 1.25 it becomes more expansive for you to buy the same trade again.
  • #432,625
  • Jun 17, 2016 5:42am Jun 17, 2016 5:42am
Quoting Delter1
{quote} no it won`t you have 300 pips at 1 us dollar at the moment, but if you close the trade and re-open it again with leverage at 1.25 it becomes more expansive for you to buy the same trade again.
As far as I understand he has $300 equity and not an open trade equal to his equity. That's my understanding..
Don't Leave Money on the Table
  • #432,626
  • Jun 17, 2016 5:42am Jun 17, 2016 5:42am
Quoting Lock
14239 is GB open so is weak

taken out

....but we come from 14267 (GB half back)and 14250 (round number) that are both weak, so even if we should go further down to 14205 and 14200 (that are meaningfull target unnouced from today-edit early morning) watch out, it could retrace before or after...
There are only poor hands involved in this market. And they are fast.
Ubi maior minor cessat
  • #432,627
  • Jun 17, 2016 5:44am Jun 17, 2016 5:44am
scaled out some

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 2 KB
Ubi maior minor cessat
  • #432,628
  • Jun 17, 2016 5:46am Jun 17, 2016 5:46am
Quoting HaLBot
{quote} As far as I understand he has $300 equity and not an open trade equal to his equity. That's my understanding..
equity : positions should be closed first or reconsider the margin requirement needed to enter the trade
  • #432,629
  • Jun 17, 2016 5:47am Jun 17, 2016 5:47am
Quoting Lock
scaled out some {image}
you are g8
  • #432,630
  • Edited 6:01am Jun 17, 2016 5:50am | Edited 6:01am
Whatever happens with brexit drama vote, this GBP will be raped by USD if it can close this week below 4250 because every poll update will go to safe heaven USD favor until final result. A final result spike cannot save GBP. Same fate will happen as it was during Scotland poll
You cannot learn better without losing
  • #432,631
  • Jun 17, 2016 5:59am Jun 17, 2016 5:59am
Quoting JackyBD
{quote} you are g8
thanks
Ubi maior minor cessat
  • #432,632
  • Jun 17, 2016 6:02am Jun 17, 2016 6:02am
Quoting hippiedog
4H TP 50 AMA
TP taken. Envelopes applied 10/0.10 now on 1H chart, will now hold third buy position till exit bearish from envelope.
FREEDOM IS SECURITY.
  • #432,633
  • Jun 17, 2016 6:21am Jun 17, 2016 6:21am
Quoting gammase1
The below chart shows how IG Group are pricing the risk of Brexit. Following yesterday's news, the odds of the UK remaining within the EU have jumped to 67%. This is pretty much in line with bookmakers offering odds on the outcome. Interestingly, even when Leave have taken a lead in the opinion polls, the bookmakers, including IG Group, have alwas favoured a Remain outcome, pricing the odds of remaining above 55%. I guess this is anomaly is based on the assumption that, from using previous referendums as case studies, undecided voters are generally...
Very interesting I agree, thanks for info.I do not see how leaving is going to help immigration, these people are desperate and hungry and as soon as we leave all our outpost boarder checks will no longer have UK guards in these posts and why on earth would France now make any effort to prevent them entering when they want them to leave, i hope you all see this and realise it is an absolute no brainer.
FREEDOM IS SECURITY.
  • #432,634
  • Jun 17, 2016 6:36am Jun 17, 2016 6:36am
Quoting Lock
{quote} taken out ....but we come from 14267 (GB half back)and 14250 (round number) that are both weak, so even if we should go further down to 14205 and 14200 (that are meaningfull target unnouced from today-edit early morning) watch out, it could retrace before or after... There are only poor hands involved in this market. And they are fast.
both taken out with a fast move up
Ubi maior minor cessat
  • #432,635
  • Jun 17, 2016 6:38am Jun 17, 2016 6:38am
and 14300 now is weak
Ubi maior minor cessat
  • #432,636
  • Jun 17, 2016 6:41am Jun 17, 2016 6:41am
Quoting Lock
and 14300 now is weak
taken out
Ubi maior minor cessat
  • #432,637
  • Jun 17, 2016 6:42am Jun 17, 2016 6:42am
Quoting Lock
and 14300 now is weak
what do you mean by now is weak?
  • #432,638
  • Jun 17, 2016 6:43am Jun 17, 2016 6:43am
Quoting fxstaton
{quote} what do you mean by now is weak?
4300 used what it had to prevent bull
You cannot learn better without losing
  • #432,639
  • Jun 17, 2016 6:45am Jun 17, 2016 6:45am
Quoting fxstaton
{quote} what do you mean by now is weak?

exact references are used by weak hands. So they could be easily retraced or taken out by stronger hands. But this is only an alement of the environment.
Ubi maior minor cessat
  • #432,640
  • Jun 17, 2016 6:50am Jun 17, 2016 6:50am
for instance - 14310 is axactly the GB SPIKE down base of 2016.04.01. SO is weak.
It can resist, but you know is not a strong place to stop price action. So you put this information together with other elements and take your decision.
Ubi maior minor cessat
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