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a beginner's attempt at the pairs
- Thread starter big mac
- Start date
exit +36 pipsLong EUR 10732
I'm short on GBP/AUD, my TP is at 1.6380.
GBP is appreciating because of the supreme court for Brexit case today.
I will go long upon the result of the case today.
My Target is 1.26 ish in GBPUSD and close all other GBP pairs when GBPUSD appreciates to that level.
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You're right. I decided to leave GBP pairs for a little while and moved onto USD/CAD. I just closed a long position.
To be honest, I am done with Pound news..pound is weakening now even though it had expected news.
I have given up on anticipating direction for any brexit related news.
I am shorting turksih lira at the moment
I think the UK Supreme Court ruled on some important Brexit stuff last night.To be honest, I am done with Pound news..pound is weakening now even though it had expected news.
I have given up on anticipating direction for any brexit related news.
I am shorting turksih lira at the moment
No idea what it meant, but they sure acted like it was a big deal.
I think the UK Supreme Court ruled on some important Brexit stuff last night.
No idea what it meant, but they sure acted like it was a big deal.
The outcome was just as expected. I watched it live.
But the market went to the opposite direction.
Second time in a row, I had this with brexit news.
Anyway, I am done with brexit news or any other news that can not be understood objectively.
I will just focus on interest rate decision or elections something that can be anticipated much more straightforward.
What do you make of it going in opposite direction, if anything? In your experience, you expected it to go up but it went down. You might have traded on it for a loss. I guess what I am asking do you have a clue what factors weren't you taking into consideration?The outcome was just as expected. I watched it live.
But the market went to the opposite direction.
Second time in a row, I had this with brexit news.
Anyway, I am done with brexit news or any other news that can not be understood objectively.
I will just focus on interest rate decision or elections something that can be anticipated much more straightforward.
What do you make of it going in opposite direction, if anything? In your experience, you expected it to go up but it went down. You might have traded on it for a loss. I guess what I am asking do you have a clue what factors weren't you taking into consideration?
There will be news on it 2 or 3 days later with explanation why market moved to the opposite direction. But believe me, it's like law, there is no right or wrong answer.- no black and white. brexit vote was more objective news because it involves comparison in numbers but if you chase this kind of news, you will lose so much eventually - because 99% of news prior to the event predicts the wrong direction