Which is the problem then? Tomorrow everybody expects huge on all sorts of markets: Equities, Forex, ETFs and else. I believe, every single poll, exit poll, news, rumour... will be used to push the markets down and clear off the shorts opened earlier this year. The environment is clearly and only definitive results of the Referendum can reverse the markets towards a serious correction.
Therefore, if you want to play on Brexit tomorrow, I´d say: buy deeps. And don´t be worried if you suddenly see a pike to 2025 or even 2000: that´s normal. Once again, low liquidity environment is perfect to push the markets lower, close some deep shorts and wait until the market recovers with someone else´s money.
Remember Oil and Doha: there was a several figures pike which was bought out within less than 8 hours. Somebody just pushed the markets down to clear off shorts and hunt some stops.
- Beware of the increased spreads!
- Take your profits on time, don´t be greedy! You will still have options for that next week. Remember: tomorrow is a very high risk and environment!
- Most brokers just ignore Stop Losses if there is any gap. Therefore, you can find youself in a situation, when a price gaps down 1 or 2 percent and your Stop Loss doesn´t work. Get ready to that if you will be trading tomorrow! That´s specially valid for Forex market