Brexit

Thanks @togr

take your profit and run..

wiseinvest posted:
Do you guys think it will be wise to leave a short eur/nzd trade with 400+ pips locked in through this or rather close it?

The general information I am getting is that the euro will remain bearish no matter the outcome, what do you think? I don't really want to close this position, but I will rather be safe than sorry..

I understand that there is a great chance that there will be no liquidity and stops won't be honored, but I am willing to leave 400 pips on the table if it can be made to 800 or more and will be in front of my terminal to intervene if at all possible when the referendum takes place in a few hours or so..

Your thoughts?

If I had guaranteed stops through my broker I would lock in the 400 pips and trail (if my aim is to squeeze out more profit)
If I had no guaranteed stops I would close it (if the size of the order is significant - As Magixs says, else I would put in a manual stop and see how far the rabbit hole goes).

what time will the action start

Once the first concrete results come out, I suppose.

Exciting times to come!

You would not get excited if you are not in the game . Most of the traders closed their positions.

The opportunities going forward from this are great.

So despite receiving a response from XM.com in a query of margin / leverage changes:

'We thank you for choosing XM as your trusted broker.
Regarding your concern I would like to kindly inform you that kinldy we will notify all our client via email regarding this issue.'

No email was ever received, and margin requirements were changed on 'unknown' pairs (my margin requirement has doubled overall) 10 hours ago. Fortunately I had the foresight to alter my EA last week for any eventuality.

XM has lost a point in my good books for not informing it's clients on it's intent to alter margins, even confirming via support channels that they would... and didn't... Keeping my eye on you XM!, strike 1.

How long this brexit last?

altescgroupinc posted:
How long this brexit last?

The referendum? voting till 10pm UK time. Then counting, probably be done by 5am UK time Friday morning.
Impact on Forex? months (2+), immediate shock on outcome, aftershocks as UK and EU adjust, re/negotiate terms, import/export considerations, etc.

altescgroupinc posted:
How long this brexit last?

IC Markets will increase leverage to normal levels as soon as the risks from Brexit have subsided.

i added 30% more capital and closed healf of my position,now my margin level is at 1500%,should be safe enough

rob559 posted:

altescgroupinc posted:
How long this brexit last?

IC Markets will increase leverage to normal levels as soon as the risks from Brexit have subsided.

i added 30% more capital and closed healf of my position,now my margin level is at 3,550 ,should be safe enough

and hedged all my remaining open postions

For market, GB stays in Europe.....

Elena Chopin

Wow, brexit is winning.

WEoooow, go England.

With all the media coverage on the EU Referendum, I was expecting an Armageddon but on GBP charts, it seemed business as usual with whipsaws, etc.

Did I miss something or, is there supposed to be an after shock effect with more volatility to come?

some 1800 pips from top to bottom, I think that's what most analysts were expecting, the results were coming in steady, so it wasn't an all at once moment.. Many think it will continue down to 1.25 in the coming weeks.

Stay safe, it's still clearing 50-100 pips in a few minutes.

I like the idea of shorting the Euro.

More fun will be coming .