How will you trade the Brexit referendum results?

[babyjake1961]

Go long? Go short? Use pending orders? At what time? Tell us!

 

[mlawson71]

I think we should wait and see what those results are to begin with before we decide how to trade them.

 

[babyjake1961]

I think we should wait and see what those results are to begin with before we decide how to trade them.

Do you think the markets will wait for you?

 

[Hoggums]

If you think the "ins" will win there's a great volatility trade on the FTSE options at the moment. The volatility is rocketing with some great premium on puts.

Personally, I'll be almost totally out of the market by the 23rd and I'll sit on the sidelines until it's over. It's pure speculation/gamble. Not that desperate for some high-risk profit.

 

[Splitlink]

The market will be looking for easy money. Be careful and watch for spikes, if you are in. Personally, I'll step aside over that period.

 

[Tytus_Barnowl]

GBPUSD or BP Futures is the big fat one here. Each way with a 50 pip stop to take care of Mr Spikey. Its gonna move at least 150 to 200 so it will be win either way. Imperzoyeg.

 

[TraderCL]

GBPUSD or BP Futures is the big fat one here. Each way with a 50 pip stop to take care of Mr Spikey. Its gonna move at least 150 to 200 so it will be win either way. Imperzoyeg.

Well most people won't trade at all but you could do an Option trade, unfortunately most retail traders don't have access to Interbank Options. There is however, for those interested a company set-up by the likes of Professor Brenner's daughter. In case you don't know who Prof Brenner is he is the co founder of the CBOE's VIX index. Well his daughter part owns a company called ORE. They provide liquidity to brokers and some institutions in this area via Goldman. Take a look here for more info

Anyway, I would buy a call and buy Put, so I gain from volatility without the issue of holding the risk beyond the premium. The only way things go south is if the market does not move in that event you would lose both premiums for the Put and the Call but I think the market will move so in this scenario regardless of direction you make money for sure. That's exactly what I am doing. The easy way will be to check the odds at the bookie and lock in a bet .

 

[zaysev36]

I suppose this event is too massive and unique to try predicting its circumstances, so my bet is to sell and stay away for a while

 

[NVP]

I won't touch it much.....the brokers are already announcing their plans re liquidity and spreads etcetera.....don't get too bothered in the early aftermath.....markets will be easy to,still trade once the results are in and absorbed to market .....the early volatility will make the NFP look like a chimps tea party

 

[mike.]

What's the best way to trade it ? switch the computer off...take a day off, watch the chaos unfold safe in the knowledge that you would only be gambling and not trading...

 

[wackypete2]

You could try placing a binary options straddle on NADEX although I don't recommend trading at all.

Peter

 

[mlawson71]

Do you think the markets will wait for you?

No, but I will wait for them. All we will see until the first results come out will be random volatility in the affected pairs.

 

[ffsear]

GBPUSD or BP Futures is the big fat one here. Each way with a 50 pip stop to take care of Mr Spikey. Its gonna move at least 150 to 200 so it will be win either way. Imperzoyeg.

You're gonna need a bigger stop then that mate!

 

[samfarrell]

Decent bounce in Sterling this morning suggest the markets fears might be easing
Although i would expect a lot of volatility there still

 

[Dinos]

Blow the cobwebs off the suitcase, head off to sun for the week, come back and start again sounds like a good plan to me.

 

[zaysev36]

Yeah, it seems that the most sound advice I get from most sensible traders is to stay away and listen

 

[highbury fx]

Yeah, it seems that the most sound advice I get from most sensible traders is to stay away and listen

Volumes have really suffered. We are still seeing a similar number of clients trading as last month but the frequency of trades and the size of the trades is much lower.

I cant wait for it to be over. Normally we're happy to see events that create volatility but the referendum has taken away most traders risk appetite to the extent that its becoming a bit of a nuisance lol.

if you have a position over the 23rd the very best of luck to you. this is a coin flip, it's gambling not trading.

 

[JackRab]

hmm, depending on next weeks option prices, I'm thinking of betting on Brexit (currently 2.8 payout) and the investing the possible payout in calls on FTSE or ESTX50...

I think that would be a decent bet. Possible relief rally of 6%?.... and investment is covered on the betting...

 

[zaysev36]

Volumes have really suffered. We are still seeing a similar number of clients trading as last month but the frequency of trades and the size of the trades is much lower.

I cant wait for it to be over. Normally we're happy to see events that create volatility but the referendum has taken away most traders risk appetite to the extent that its becoming a bit of a nuisance lol.

if you have a position over the 23rd the very best of luck to you. this is a coin flip, it's gambling not trading.

Totally gambling. Consequences of such massive events depend on too many variables for any solid forecasts to be possible.

 

[Oscar Reed]

Just another day.

Reduce size maybe.

But if see opportunity take it.

Should be plenty of opportunity in Asia and the switch from Asia close to Europe open.

So much talk about it, might be a non event when it happens.

@highbury fx

I think the move's have been great for the retail trader in the last 2 weeks in Asia and Europe.
Maybe the media have scared the investor and trader off.