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Trading the Brexit, anyone?

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By the look of the POC and the building 'no' for Brexit certainly looks like an attractive target.

I am not a politition but if Brexit is a no, wouldn't they be more or less right back where they started? If so there will be a nice short to play once it runs out of steam.
 
cogs said:
By the look of the POC and the building 'no' for Brexit certainly looks like an attractive target.

I am not a politition but if Brexit is a no, wouldn't they be more or less right back where they started? If so there will be a nice short to play once it runs out of steam.
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Yup, quite possibly and that would be the contrarian play with a 'stay' vote...but thats not what the sentiment is saying. These shorts need to flip i reckon....it could be just a low volume of committed traders too.
 

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I think its pretty bullish that the ES rejected that 2073.75 level. :2twocents

The US could see new highs after the vote if they vote to stay:2twocents
 

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I think it would be cool to hold a Brexit party. I'll volunteer my office and all the markets ya need to watch if someone else brings the drinks and the nibbles!
 
Be great to watch the action on an extra large screen while having a few. They say the initial numbers should start coming in around 6-7 AM London time, who knows how long the drama will go on for. Should be a wild Friday.

Pairs are getting pumped now to where they don't belong (previously). Looks like regardless of the outcome pairs are going to be pumped until the outcome and spiked back to the gaps.
 
Just have a small position in shorting 10yr Euro Bund. Figured the pot odds are there, with negative yield + brexit.
Big winner/small loser.
 
Dear Trader

There is an important referendum in the UK on 23 June 2016 regarding Britain's continued membership in the European Union. Regardless of the final result, significant volatility is expected across financial markets worldwide, particularly in currency and GBP denominated equity markets. Additionally, markets associated with EUR and EUR-linked assets are likely to experience substantial volatility in the event of an unexpected result.

Firms around the world are taking preparatory steps to handle very high volumes, and extreme price volatility.

Clients are strongly encouraged to examine their portfolios (especially leveraged positions and/or those with short options positions) and capital cushion in light of the potential volatility. If you have any GTC orders, or any of IB's risk protection orders (stop, stop-limit, etc), we would further urge you to review your order parameters in advance of the vote to ensure they are properly defined for your investment and risk management goals.

Interactive Brokers Risk Management
----------------------

Bulletin from Interactive Brokers. (Underline & bold text by me)

Not expecting Britain to exit from EU.....??
 
Yep, regardless of the outcome, markets have been too quiet, there will be some action.
 
Is the brexit the next Y2K? a toltal fizzer

Is the Brexit a beat up by the Technocrats and banking elite?

Get the latest news below:

 
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SuperGlue said:
Buy the rumour, sell the fact, you reckon. :confused:
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We'll yeah if its that certain and every man and his dog are long, the only trade with a decent risk/reward would be get short if there were a spot where those that just got long want to get out if things don't go as planned. Sort of like trading the NFP release against the recent trend. I'm not saying take a postion before the vote, i'm saying wait, get the results and watch the price action for a spot to take advantage of trapped longs...:2twocents
 
CanOz said:
We'll yeah if its that certain and every man and his dog are long, the only trade with a decent risk/reward would be get short if there were a spot where those that just got long want to get out if things don't go as planned. Sort of like trading the NFP release against the recent trend. I'm not saying take a postion before the vote, i'm saying wait, get the results and watch the price action for a spot to take advantage of trapped longs...:2twocents
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Got it.
Will be watching with great interest.
 
IG are acting like there's going to be 20% swings in world markets. Barrage of emails, texts, updates, etc.
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Many brokers are the same, I can't help but wonder if it is a test on volatility and market control as well, usually when there is so much lead in, knowledge and preparedness nothing much happens, after all a bubble is not a bubble if everyone knows about it.

What I am looking at now is all the set ups building for the coming weeks on many pairs including indexes.

Purely on the pound dollar 1.53 or 1.35 are first targets in my view for rational levels. Fat Finger algo plays could go well beyond that.

GBPUSD.png

Monday gaps should be ones to watch, expect something out of the ordinary. I doubt whether it will be all absorbed by then.
 

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