... after what was another upsetting weekend in the city, sadly, no surprises!!! Elections now taking centre stage in UK alongside Saudi/Qatar relations.
We'll wrap up the macro details in a few as I will be publishing 2 setups on EURGBP for those wishing to take part these will include references to the interpretation/context of recent numbers and politics.
-> The options ... Long or short.
Those choosing to take part have 2 triggers to pick from; price and fibs and we can compare at the end which was the best (if any).
Bottom of range: 0.8350x Top of range: 0.9270x Mid: 0.8750x
=> Conservatives remaining with unchanged majority, expectations will offer a relief rally towards the 0.84xx handle after the election. This would give us continuation of the range (Mid/Low) of 0.84xx - 0.88xx
=> Conservatives losing majority and Corbyn the communist getting the hung parliament we will see expectations towards the 0.90xx handle in a swift knee jerk before settling in the 0.84xx - 0.88x range till the end of this year when we will start to trade the impact of Brexit in equities.
Come on jump in and make a call!!
Comment
⋅
for those who are 'LONG' via fibs...
Comment
⋅
and there we have it for those who took the fib execution and were long... very well done!!
Comment
⋅
A royal mess for T.May and with that ... e.u towards 0.9
Comment
⋅
so, which was the best trigger... fibs? or pure price?
Well done to those who took the time to read this description, which outlined the trade from start to finish - there is no margin for error, all was said above for a complete flawless swing for 350 pips and counting. A few I know are still holding, and a few owe me a beer.
I laughed :D.
Corbyn the communist?
Do you even have a clue what communism is? He isnt a communist in a longshot.
Anyway short eurgbp ;). (thank me later).
TheBanker
⋅
@Childrenofmen, strongly disagree. are you sure that you understand his stance on workers/consumers rights? how about free markets? free trade?
Childrenofmen
⋅
i certainly do, communism is everbody equal, no inequality. Corbyn his policy will not achieve that. His policy will however decrease inequality but it still wont be communism @TheBanker,
TheBanker
⋅
@Childrenofmen, now market has spoken, not sure any one will be 'thanking you later' - Corbyn the communist outperformed all of your expectations
Childrenofmen
⋅
not really he disapointed, kinda baffling may scored so many seats with her program @TheBanker,
TheBanker
⋅
@Childrenofmen, how on earth do you figure that he disapointed? complete short circuit to the Tories.. against your expectations!!!
Childrenofmen
⋅
Well what i think politically and market wise are 2 different things. Offcourse my play was based on a may election majority... the trend is there afterall, but pure politically its uncomprehensible extreme right parties can stil win so many seats. Its a generational issieu i presume, in 5-10 years the economy can prosper again. To soon atm @TheBanker,
pmcllc
⋅
right on the money, Italy, French elections pro Euro which may get stronger???
Corbyn the communist?
Do you even have a clue what communism is? He isnt a communist in a longshot.
Anyway short eurgbp ;). (thank me later).