AMEX:FXB CURRENCYSHARES BRITISH POUND STERLING TRUST
We re expecting a 900 pip move on tthe pound dollar by July 15 Expected move on pound nzd is 1877 pips, pound yen 1145 pips, pound swiss 600 etc... Brexit will cause over 8,000 pips of movement in the pound pairs over the next three weeks. We have expectations of a high level and extremely safe trade on the FXB . I have no interest in trading the earthquake and you should not trade it either.. Ok, well, that isn't for me to say. Some of you will, and good luck to you.. My guess is that this move will happen in a similar or more dramatic fashion to the CHF moves. I expect a 90% retracement and then I will part of the clean up crew through July 15. I am taking options on FXB for the initial part of the move and then I will post later in the week. THANKS!!!!
Comment: Ok so, selling off lower straddle level below 13502 Take one contract here.
Trade active: OK We should see a littl more down on this. I am staying in through that verticle blue line. This is doing very well. $45600 so far!
Trade closed manually: This has been a fantastic ride. I see evidence of a pullback so I am pulling this position. Thank you for your notes, emails and letters. Glad we stayed safe during Brexit with this trade and the gold. If you leave this in, you will likely be fine. I am anxious to book profits on some of these Brexit trades. Thanks so much guys! XO