Wager on GBPUSD

[romik]

Bought GBPUSD 1.4780, stop 1.3000

$30 a pip

 

[debitspread]

> Bought GBPUSD 1.4780, stop 1.3000

You're OK with losing 12% unlevered?

 

[romik]

Gotta be done, I want stop to be way outside the noise field.

Let's be honest every investment move comes with risk, why increase it?

 

[Visaria]

i'm short and staying short cause the trend is DOWN. Also, we have a very uncertain general election here in a few weeks time...just a heads up.

 

[loyek590]

i'm short and staying short cause the trend is DOWN. Also, we have a very uncertain general election here in a few weeks time...just a heads up.

what's the local scuttlebutt on the elections affect on the Great British Pound?

 

[romik]

IMHO has no relevance to direction of GBP.

 

[loyek590]

IMHO has no relevance to direction of GBP.

what does affect direction of GBP?

 

[romik]

what does affect direction of GBP?

Same as other currencies. Positive trade balance, interest rates, etc. It will be again between Cons and Labour, what's new?

 

[WWarrior]

Bought GBPUSD 1.4780, stop 1.3000

$30 a pip

View attachment 151382

Are you going to hold onto this trade for 6months plus ?

I think the election will be pretty much priced in by the time it happens and labour don't have a shit show

 

[romik]

Are you going to hold onto this trade for 6months plus ?

I think the election will be pretty much priced in by the time it happens and labour don't have a shit show

Although wedges point closeness to some sort of resolution 6 months is a definite possibility.

Markets always try and price in an outcome, I sense Cons having another term is likely.