Scottish Independence Referendum

#1
Citibank lowered yesterday margins on GBP pairs, so did Interactive Brokers.

Today Armada Markets alerted their clients that GBP/USD could crash as much as 500-1500 pips should the Scots vote to leave UK. Blog post here: http://armadamarkets.blogspot.com/2014/09/will-scottish-independence-vote-really.html

What do you guys think about puting buy stop and sell stop orders 200 pips from current prize? The price should really move once the news will be released.
 
#2
Citibank lowered yesterday margins on GBP pairs, so did Interactive Brokers.

Today Armada Markets alerted their clients that GBP/USD could crash as much as 500-1500 pips should the Scots vote to leave UK. Blog post here: http://armadamarkets.blogspot.com/2014/09/will-scottish-independence-vote-really.html

What do you guys think about puting buy stop and sell stop orders 200 pips from current prize? The price should really move once the news will be released.
Since how long do you trade currencies as you are not even able to do your own mind about your stop losses?
 

Galts Gulch

Well-Known Member
#3
Citibank lowered yesterday margins on GBP pairs, so did Interactive Brokers.

Today Armada Markets alerted their clients that GBP/USD could crash as much as 500-1500 pips should the Scots vote to leave UK. Blog post here: http://armadamarkets.blogspot.com/2014/09/will-scottish-independence-vote-really.html

What do you guys think about puting buy stop and sell stop orders 200 pips from current prize? The price should really move once the news will be released.
You are not heading in the right direction, if you want to trade on the alerts / NEWS given by a broker ....
 

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