Owliver:
if i were you i'd wait till next week before trading that pair.

Reasons why I should not be trading it now?

EmmanuelD1st:

Reasons why I should not be trading it now?

that point is the shoulder of h&s pattern on weekly tf. like I said "If I were you. probably your trading style conforms with your decision. good luck sir.

jorel1:

lol, you are right .. last time i checked this pair was a weekend and couldnt test it, Although it comes with a relatively higher margin requirement + commision , but its advantages surpases in the sense that the $$ equivalent of its average range within any given period is far higher than any forex pair including the fact that trading it, you could get rid of the risk of cross dependencies of different currencies and limited risk acrued from trading limits of the eurpean session only... Infact trading this pair comes with a higher reward to risk ratio as you are only concerned with the german economy news.
I begin working on it..

Pls is it the same thing as DAX index

USDCAD testing previous significant support on the daily, I would say it just found its high for the week.

amyliajane:


Pls is it the same thing as DAX index

This instrument is new for me , even this DAX. so am not sure if its dsame

EmmanuelD1st:
Those traders running from BREXIT pairs...you are missing oo ...A good trading system should be able fetch you pips in any fundamental Or technical condition...Trust your system and use it fearlessly.
FOOD FOR THOUGHT: If you have doubts with your system, you shouldn't be trading with it.

Over 700 pips on BREXIT pairs...Mr. Jorel, I don join your task force oo #OPERATIONbreXIT...will close it when you close yours if TP or some technical conditions do not take me out

I initially planned closing all trades 30 mins b4 Brexit , later I thought of the issues of slippage, widened spread , no execution or other tricks by brokers during this time.
The Guardian polls result next week Monday would have a huge impact on trades next week, if its still the leave camp on the leading side the expect GBP to sell crazy before the Brexit day..If its the remain camp leading then i dont know how far up the GBP will go b4 brexit day, if the buyers take it up to extreme , the bears would likely respond with a wide gap or spike down because the bears have been in control prior.

So I decided to close every open position which are less than 600 pips distance from market price on Friday 17th. leaving the rest to run during and after Brexit. But if you are conservative trader , you should close all your trade this Friday few hours after US opening session of course except you have huge appetite for risk like me .
My risks being that if Britain decides to leave , then i don hammer be that, but if they decide to remain then I dont know how far up the buyers will send the 5 minute candle after the result. I would give back some profits I already made.

jorel1:
This instrument is new for me , even this DAX. so am not sure if its dsame

I actually googled it and was seeing it as DAX. Some other pple write up stated it as german 3o

amyliajane:

Pls is it the same thing as DAX index

yea....it is the same.

Good Evening Beautiful Pipu,

It was a rough day for me, I picked my first trade (AUD/JPYs) with a lot of smiles, but the smiles reversed within some few minutes when the so called strong channel was broken. I lossed 21pips and 0.7% off my acct.

I was looking for opportunity to enter the mkt all day and I got in on two trades USD/JPYs (+33) & EUR/JPYs (+18), however I came out of them because I was hoping on high liquidity since I entered the mkt late, and that liquidity I didnt see, meanwhile my favourite session (London session) was almost up. I managed to get back 1.7%.

In summary I got +30 pips and +1%. I was saved by the whiskers

Happy Slashing

finally freed from the ban...thanks to the mod.

priceaction:
hi, this ger30 indices is getting interesting and less noise like forex pairs. If i see good prospect on this, i might totally abandon fx trading for only this pair. It is sweet and likely pridictable than fx

which broker are you using, cos my broker minimum lot is a Full lot (1lot). I will like minilot for a start on my live account but they wont fill my order.
secondly, i think the market always close around 8pm and resume during frankruit open, i guess. This is what i see on my broker time may be due to the fact that it is a stock. What thou sayeth

your observations are true...minimum lot is a full lot and there is nothing like mini-lot. trade it bro,don't be afraid you will come to love it.

hi guys ...currently @ 2510+ meanwhile ger30 made the most pips. join the sell on ger30 at the close of today or better still at the open of the next trading day.
gold is still misbehaving,well my stop not picked yet and the sell will happen soon...patience.
join the gbpchf sell at the close of today candle or at the open of the next trading day.
audusd giving another opportunity for more sellers,trade currently in negative and stop was missed with like 10pips or so and still in.
usdcad is shooting and expect another entry when price hit the 0.29842 for a possible pullback or fomc could make price spike through.
us500 giving buyers another entry for a continued up and i am positive on this.
wanted to give a signal on oil since but you know what happened...oil will hit $42.5 per barrel and then a move up to $61 per barrel or as the chart says if not barrel.

waiting for uk100,swi20 and neth25 to trigger.
Remember all my trades are from either daily or weekly tf,just an update...fomc ko brexit ni poll,i trust my trading style and not closing any trades except they hit TP or new figures pop up.

JLINE:
my boss says: Long eu 1221, giving 26 stop loss. 1218 may support it.
so, am longing it 26pips not too much if the trade goes sideways.

closing the trade with just 13+...my chart says otherwise and its my account. will stand aside on eurusd until formations are complete just like i have been standing aside for gnpnzd.
chart below is daily tf.

jorel1:
Operation Brexit 2390 pips Net 750% ROI so far
Closing 30Mins b4 Brexit.
Stay tuned

jorel1:

Operation Brexit 3362 pips Net so far , just like someone here would say 1000% ROI added to my account
Closing 30Mins b4 Brexit.
Stay tuned for update Friday

jorel1:

Operation Brexit 4526 pips Net 1200% ROI so far
Closing 30Mins b4 Brexit. (The momemtum is quite for encouraging for another bearish candle next week)
Stay tuned for update Next Wednesday

Operation Brexit 6689 pips Net 1650% ROI so far
Closing - not sure yet. ( Uncertainty is high from now till next week, I could lose all in a seconds ,congrats if you took all my calls )
Stay tuned for update Friday

jorel1:





Operation Brexit 6689 pips Net 1650% ROI so far
Closing - not sure yet. ( Uncertainty is high from now till next week, I could lose all in a seconds ,congrats if you took all my calls )
Stay tuned for update Friday

Feeling you Mr. Jorel....Nice work

GoldSpot has been trending nicely since last week,gave me some nice pips with those four opportunities.

A nice ascending triangle pattern,formed with the bullish trend and a huge break-out candle to the upside confirming the bullish dominance.So cause of action would be to wait for a retest of the support line(former resistance now turned support). Anything can happen in the financial trading world,so use your discretion.

jorel1:
I initially planned closing all trades 30 mins b4 Brexit , later I thought of the issues of slippage, widened spread , no execution or other tricks by brokers during this time.
The Guardian polls result next week Monday would have a huge impact on trades next week, if its still the leave camp on the leading side the expect GBP to sell crazy before the Brexit day..If its the remain camp leading then i dont know how far up the GBP will go b4 brexit day, if the buyers take it up to extreme , the bears would likely respond with a wide gap or spike down because the bears have been in control prior.

So I decided to close every open position which are less than 600 pips distance from market price on Friday 17th. leaving the rest to run during and after Brexit. But if you are conservative trader , you should close all your trade this Friday few hours after US opening session of course except you have huge appetite for risk like me .
My risks being that if Britain decides to leave , then i don hammer be that, but if they decide to remain then I dont know how far up the buyers will send the 5 minute candle after the result. I would give back some profits I already made.

Nice analysis Chief...will be taking risk moderately..

EmmanuelD1st:
Sold EURJPY @ 120.02 SL:130 pips

trade closed manually +91 pips

frenchman2:

Sellstop audusd @0.7325
usdchf sell stop @0.9615
sl70pips
Tp open
lets see how they play out
NB: nothing is guaranteed. Price could just do the opposite and rubbish my analysis
PRICE IS KING. FOLLOW IT WHEREVER IT GOES

None triggered before the news. Had to delete them

currently working on a few selected pairs to trade...i made a little discovery though,i doff my hats to German traders...mehn these guys are good with numbers,just saw one that pin point the exact point price reverses and all making like 6000+ pips on normal currency. me and numbers seems to go side by side,i won't be regular here for sometime. going to help my other old buddies on binary options thread,will be back.

Nice pair and the spread is very low

JLINE:

your observations are true...minimum lot is a full lot and there is nothing like mini-lot. trade it bro,don't be afraid you will come to love it.

Buy stop nzdusd @0.7085
sl 50pips
Tp open
Buy stop usdcad @1.2945
sl 70 pips
Tp open
lets see how they play out
NB: nothing is guaranteed. Price could just do the opposite and rubbish my analysis
PRICE IS KING. FOLLOW IT WHEREVER IT GOES

Forex its either you are for it or against it
GJ which way
Down down down
Still watching

USDJPY - closed with net 1030 pips

jorel1:
USDJPY added another sell from current price support level turned resistance . MEANWHILE e bi like say I don enter one - chance with GBPJPY currently in -ve 179 PIPS.

EmmanuelD1st:
Sold EURJPY @ 120.02 SL:130 pips

closed this order too early...e pain me small ...consoled my self with CHFJPY sell, just closed it +233 pips

jorel1:
USDJPY - closed with net 1030 pips

Nice!!! are you still in your EURCAD sell? My TP is ur entry...what do you think this pair is headed? cause I think it'll go way past ur entry

2 EURAUD, 1 GBPAUD Trades closed + 333 pips ...AUD taking a bashing this morning

EmmanuelD1st:
Nice!!! are you still in your EURCAD sell? My TP is ur entry...what do you think this pair is headed? cause I think it'll go way past ur entry

ITS been forming a nice lower low and lower high on the 4hr TF, this movement i guess was due to some news from CAD , I dont really expect it to take out last weeks high , it made quite some drama before deciding on its bearish move so I dont see any strong fundamental reason to take out that high.. I d rather you look for sell opportunity from the bearish 4Hr channel if it eventually gets there meaning your TP zone may or may not be realizable. if it is then my loss

[center] Dear Mr XYZ ,

On 23rd June the UK will hold a Referendum to decide whether to remain or exit the European Union. This event is commonly called as BREXIT in the media. In this regard our LPs and Banks are going to increase the margin requirements on GBP and EUR based currency pairs and Equity Index CFDs and we are obliged to apply the same margin to our Traders accounts as well.
We are expecting a sharp increase in the margin requirements and decreased leverage prior and after to 23rd June 2016. We are already seeing an increase in market volatility ahead of the vote and expect this to continue over the next 2 weeks. During BREXIT event, we are expecting wide spreads on GBP and EUR based currency pairs and Equity Index CFDs. Also the liquidity may get dry, you may not able to take new positions or you may not able to close the existing ones. We strongly recommend you to reduce your exposure to these currencies and reinforce your open positions by sending extra margins. We don’t assume any responsibility for execution of your orders during that period.
PCM Brokers will raise the margin requirement and limit maximum position sizes on all GBP and EUR based currency pairs and Equity Index CFDs. Details of the margin rate changes and timings will be communicated on Friday 17th June. These temporary risk parameters may persist over the weekend of 25th and 26th June depending on the market reaction to the referendum result.[/center]



On the 23rd of June, Britons will go to the polls to vote on whether or not to leave the European Union.

The referendum has been billed as the single biggest currency event of 2016 and has the potential for extreme volatility in GBP and EUR based currency pairs regardless of the outcome.

As a result of this expected volatility, Pepperstone will make temporary changes to our trading terms for margins on GBP and EUR based pairs as well as certain index markets listed below. These leverage changes will apply as of market close on the 18th of June and will be in effect until further notice.

New leverage / margin requirements for affected instruments are as follows:


GBP pairs and UK100 maximum leverage
EUR pairs and EU indices maximum leverage
Leverage
maximum
50:1
100:1
We kindly advise our clients to carefully consider and evaluate the potential impact of the above changes as well as the event itself on your existing and future positions on these products. Please also consider the potential trading conditions below in the lead up to the event:

Extreme volatility on GBP, EUR, CHF currency pairs and on UK and European indices.
The propensity for liquidity providers to significantly limit their liquidity, leading to a considerable widening of spreads as well as potential increased amounts of slippage on executed orders.
Ensuring you have enough available margin / equity in your account for the days leading up to and during the voting/announcement of results. This includes "hedged" positions (long and short on the same symbol believing this eliminates your market risk) which if spreads widen have the potential to stop out positions.
Should any further trading terms change on our products, Pepperstone will endeavour to contact you via email, MT4 or by changes made to our website. However, we reserve the right to make further changes without notification such as increased margin requirements, trading restrictions on certain products or any other such matter.

Pepperstone will be carefully tracking market volatility indicators in order to revert to our standard terms as soon as we deem possible. Whilst it is very difficult to predict the nature or scale of the event, depending on the result it could mean these conditions could be in effect for an extended period of time.

Bought AUDUSD @0.7367 SL:95

Famed For Breaking The British Pound, Billionaire George Soros Returns As A Brexit Bear

http://www.forbes.com/sites/antoinegara/2016/06/09/george-soros-bear-china-brexit-eu-trump/#16422d2f6129