TheBanker

"Winner takes all" on EURGBP for UK Elections

FX_IDC:EURGBP   Euro / British Pound
... after what was another upsetting weekend in the city, sadly, no surprises!!! Elections now taking centre stage in UK alongside Saudi/Qatar relations.

We'll wrap up the macro details in a few as I will be publishing 2 setups on EURGBP for those wishing to take part these will include references to the interpretation/context of recent numbers and politics.

-> The options ... Long or short.

Those choosing to take part have 2 triggers to pick from; price and fibs and we can compare at the end which was the best (if any).

(i) FIBS

Longs -> Shorts ->
(ii) PRICE

Longs -> Shorts ->

----------

Choose from;

BUY: Limit BUY @ 0.865x -> TP1 0.882x -> TP2 0.900x
SELL: Limit SELL @ 0.881x -> TP1 0.845x -> TP2 0.823x

----------

This is the range we are currently trading in:

Bottom of range: 0.8350x
Top of range: 0.9270x
Mid: 0.8750x



=> Conservatives remaining with unchanged majority, expectations will offer a relief rally towards the 0.84xx handle after the election. This would give us continuation of the range (Mid/Low) of 0.84xx - 0.88xx

=> Conservatives losing majority and Corbyn the communist getting the hung parliament we will see expectations towards the 0.90xx handle in a swift knee jerk before settling in the 0.84xx - 0.88x range till the end of this year when we will start to trade the impact of Brexit in equities.




Come on jump in and make a call!!
Jun 08
Comment: for those who are 'LONG' via fibs...
Jun 08
Comment:
and there we have it for those who took the fib execution and were long... very well done!!
Jun 09
Comment: A royal mess for T.May and with that ... e.u towards 0.9
Jun 09
Comment: so, which was the best trigger... fibs? or pure price?
Jun 12
Comment: Well played to those who chose 'Long'
Jun 12
Comment:
Jun 12
Comment: " BUY: Limit BUY @ 0.865x -> TP1 0.882x -> TP2 0.900x "

TP1 has been cleared
Aug 07
Comment: TP2 has been cleared
Aug 07
Trade closed: target reached
Aug 20
Comment: Well done to those who took the time to read this description, which outlined the trade from start to finish - there is no margin for error, all was said above for a complete flawless swing for 350 pips and counting. A few I know are still holding, and a few owe me a beer.

Comments

I laughed :D.
Corbyn the communist?
Do you even have a clue what communism is? He isnt a communist in a longshot.
Anyway short eurgbp ;). (thank me later).
+1 Reply
TheBanker Childrenofmen
@Childrenofmen, strongly disagree. are you sure that you understand his stance on workers/consumers rights? how about free markets? free trade?
Reply
Childrenofmen TheBanker
i certainly do, communism is everbody equal, no inequality. Corbyn his policy will not achieve that. His policy will however decrease inequality but it still wont be communism @TheBanker,
Reply
TheBanker Childrenofmen
@Childrenofmen, now market has spoken, not sure any one will be 'thanking you later' - Corbyn the communist outperformed all of your expectations
Reply
Childrenofmen TheBanker
not really he disapointed, kinda baffling may scored so many seats with her program @TheBanker,
Reply
TheBanker Childrenofmen
@Childrenofmen, how on earth do you figure that he disapointed? complete short circuit to the Tories.. against your expectations!!!
Reply
Childrenofmen TheBanker
Well what i think politically and market wise are 2 different things. Offcourse my play was based on a may election majority... the trend is there afterall, but pure politically its uncomprehensible extreme right parties can stil win so many seats. Its a generational issieu i presume, in 5-10 years the economy can prosper again. To soon atm @TheBanker,
Reply
right on the money, Italy, French elections pro Euro which may get stronger???
Reply
'Corbyn the communist' i lol'ed xD
ok thanks!
Reply
danielanthony92 danielanthony92
@danielanthony92, so who is the majority now? May or Corbyn?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out