pleas explain
does anybody know what Brexit vote is about and its implication on cable
- Thread starter padutrader
- Start date
JUST focus on the chart!!!
if the price is going up, go long it.
if the price is going down, go short it.
if there is reversal signal, go take it.
now gbp is sleeping. so don't trade.
How long is it going to sleep? No idea.
Now wait for clear pattern.
Then decide from there.
never listen to the news reporters.
never listen to the experts.
also don't listen to me .
only listen to your charts.
also remember no kamikazae trading !
if the price is going up, go long it.
if the price is going down, go short it.
if there is reversal signal, go take it.
now gbp is sleeping. so don't trade.
How long is it going to sleep? No idea.
Now wait for clear pattern.
Then decide from there.
never listen to the news reporters.
never listen to the experts.
also don't listen to me .
only listen to your charts.
also remember no kamikazae trading !
Last edited:
Vote was to confirm next step towards law confirming the UK will leave the EU on 31/01. Today's date for the vote was announced already and the government has a majority in the House of Commons so there was no real way this could have been stopped. Probably therefore today's vote will have no lasting significant impact on GBP/USD.
Next step will be passing of the withdrawal act as law. But that's a foregone conclusion also.
Next steps after that will be negotiations for a EU/UK trade deal, to be completed under the PM's plans by 31/12/20. These are likely to be heavily commented on by politicians, media and Twitter so expect great short-term volatility until the quality of the deal emerges. If there is a deal at all: failure to agree a deal will be negative for GBP but we won't know this is the outcome until late 2020.
Next step will be passing of the withdrawal act as law. But that's a foregone conclusion also.
Next steps after that will be negotiations for a EU/UK trade deal, to be completed under the PM's plans by 31/12/20. These are likely to be heavily commented on by politicians, media and Twitter so expect great short-term volatility until the quality of the deal emerges. If there is a deal at all: failure to agree a deal will be negative for GBP but we won't know this is the outcome until late 2020.
thanks for this
you should not be putting such secrets aka holy grail on a forum like this
but thanks
Last edited:
By then, Italy, Catalonia, and perhaps others may have exits in mind...
Failure to deal, would be disaster for the Euro more so than the individual pieces.
no wonder the euro is heading south
but it would be good for us traders...the bloody thing was not moving
in 2007 during the last exit or crisis the euro had a range of 400 pips
2020 has to be spent in a transitionary state, whereby the UK and EU trade under existing arrangements. By the end of the year, so much capital is tied up in EU/UK trade that some kind of deal will be forthcoming, even if its only a 3-year or 5-year treaty. It has to be worse than EU membership but better than WTO terms, so there's ample scope.
@padutrader Do you live in a cave?