GBP

GREXIT BREXIT and BULLSHIT
Global sell off ahead of the 23rd June referendum when UK citizens will decide whether they want to stay in European Union or leave. Yes, it is a serious matter but not that much that it can affect global markets and create such a big turbulence. I was always trying to understand what drives traders into a panic which eventual result into sell off and partly collapse of the stock markets.
In my point of you is nothing more than the over presentation of a situation from the mass media. All the bad signs starts from the mass media they can create such an unpleasant situation they can pump you up with so many stupid ideas coming out from their speculators and the result is: panic, uncertainty and sell off.
After this are coming into the game the technical traders. I, call the (wind surfers) because they follow the brake out points in order to trade. I follow too many of them every morning just for information , what I realize is that 5 out of 10 trades are wrong as for the rest 5 they never say whether they make profit or they lose because the wind change direction every hour in the stock market and they hit stop losses.
Never mind, let’s be serious we watched before the same film. GREXIT last year. Everybody was selling before Greek election supposing that a voting in favor of Mr. Tsipras will drive Greece out of the union, it did not happen of course and the sellers fail to catch parity on EUR/USD.
Scottish referendum last year everybody was selling GBP fearing that UK will collapse and will enter into recession. Never happened sellers fail again catching GBP on the unknown bottom.
And now the fears of Brexit lets be serious we all know that’s a game on behalf of UK government to increase pressure on the European Union and renegotiate the terms of their protocol. They did it and they succeed but they could not continue just like this without a referendum. Until last week, the poll was 74% stay 26% leave. As from last Friday, we had 2 polls showing a bigger percentage for the campaign leave.
In my point of view it will not happened and we will see markets coming back to normal by mid-July.
Me personal I am buying GBP because I believe that after the 24th June will be GBP/USD 1.51 and that will be too late to enter buy.
If you believe that UK will exit, If you are a surfer, and following the selloff, the only thing I can tell you is GOOD LUCK.

petros72 posted:
GREXIT BREXIT and BULLSHIT
Global sell off ahead of the 23rd June referendum when UK citizens will decide whether they want to stay in European Union or leave. Yes, it is a serious matter but not that much that it can affect global markets and create such a big turbulence. I was always trying to understand what drives traders into a panic which eventual result into sell off and partly collapse of the stock markets.
In my point of you is nothing more than the over presentation of a situation from the mass media. All the bad signs starts from the mass media they can create such an unpleasant situation they can pump you up with so many stupid ideas coming out from their speculators and the result is: panic, uncertainty and sell off.
After this are coming into the game the technical traders. I, call the (wind surfers) because they follow the brake out points in order to trade. I follow too many of them every morning just for information , what I realize is that 5 out of 10 trades are wrong as for the rest 5 they never say whether they make profit or they lose because the wind change direction every hour in the stock market and they hit stop losses.
Never mind, let’s be serious we watched before the same film. GREXIT last year. Everybody was selling before Greek election supposing that a voting in favor of Mr. Tsipras will drive Greece out of the union, it did not happen of course and the sellers fail to catch parity on EUR/USD.
Scottish referendum last year everybody was selling GBP fearing that UK will collapse and will enter into recession. Never happened sellers fail again catching GBP on the unknown bottom.
And now the fears of Brexit lets be serious we all know that’s a game on behalf of UK government to increase pressure on the European Union and renegotiate the terms of their protocol. They did it and they succeed but they could not continue just like this without a referendum. Until last week, the poll was 74% stay 26% leave. As from last Friday, we had 2 polls showing a bigger percentage for the campaign leave.
In my point of view it will not happened and we will see markets coming back to normal by mid-July.
Me personal I am buying GBP because I believe that after the 24th June will be GBP/USD 1.51 and that will be too late to enter buy.
If you believe that UK will exit, If you are a surfer, and following the selloff, the only thing I can tell you is GOOD LUCK.

True! Bexit will never happen!

It will mean NEXIT and that will mean END OF THE EURO! It is just mass media...scare people senseless