Please reload

Recent Posts

Huge GBP & FTSE trading day is here!

January 15, 2019

Welcome to the day of the long-awaited Brexit vote which is happening in the House of Commons. The voting will begin at 20:00 CET.

 

It is essential to know that a defeat of PM Theresa May's Brexit deal is widely expected, so markets will probably not react to the defeat itself that much but to the size of the defeat.

 

A narrow defeat will mean that May might be able to get it through at a later stage, but a big defeat will mean that we are in uncharted territory and thus it cannot be rule out that Theresa May will resign. 

 

My review of GBP pairs is not giving me much clarity on what will happen but the vote starts in 10 hours time... that means there is 2 more 4H candles to close and that means the direct can change. 

 

What is certain is that volatility should be expected and a trend can begin. 

 

Volatility will be biggest on GBP and EUR forex pairs and of-course on the FTSE (UK100) should you have any existing positions on these pairs I would strongly advise you to either 1. keep the volume/size of the positions lower than normal or 2. get out of them all together. 

 

No matter who you are trading with today, you should expect higher margin requirements, higher spreads and slippage. That means it is a dangerous time to trade.

 

I don't like to talk to much in my posts so I dotted down the most important stuff.

 

 

I will not be going in be heading into charting in this post, this is something I will be going over later in the day as I dont want to enter any GBP trades to early... and as I noted above, there is still a lot of time left to the actual vote and I expect the market makers to do their normal positioning stuff which will give me more clarity on what to actually trade today.

 

I will look for opportunities, which I will try to share via my YouTube channel, but if I don't have the time to create a video I will notify my trading community on what I expect to happen and what I will be trading!

 

Thats all I've got for you this morning. 

 

I am still a digital nomad... moving around from city to city and caffe to caffe... so being active 17 hrs a day is a little hard but I am settling into an apartment and waiting on internet to be added so once that is done I will be very, very active! 

 

Talk soon! 

 

Good luck today!

 

Share on Facebook
Share on Twitter
Please reload

Follow Us
Please reload

Archive
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
  • Black Facebook Icon
  • Black Twitter Icon
  • Black Instagram Icon
  • Black YouTube Icon

Disclaimer: Any Advice or information on this website is general advice only. It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided by PipsMatter, or anyone associated with PipsMatter.

 

High-Risk Warning: Online trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of trading in forex, futures, commodities, cryptocurrencies, shares, and options and be willing to accept them in order to trade in these markets.

 

Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade or invest with borrowed money or money you cannot afford to lose.

 

Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

 

Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

© 2016-2019 Pipsmatter.com