EUR/USD is plummeting on brexit news

lostmypassword
lostmypassword

EUR/USD is plummeting on brexit news.

Hope for remain? That was quite a dramatic move.

All urls found in this thread:
http://money.cnn.com/data/premarket/
hairygrape
hairygrape

Spreads are fucking gigantic right now if you're not an institutional trader btw.

Techpill
Techpill

@lostmypassword
came here for this, pound has been going crazy for the past half day and getting more back and forth. you think this could be a good arbitrage moment to buy and gold for a week or so?

TreeEater
TreeEater

HOLD ME TIGHT I'M GOING IN

I DON'T GIVE A FUCK IF THERE'S A 9 PIP SPREAD

Sharpcharm
Sharpcharm

GUYS IT'S FUCKING HAPPENING GET THE FUCK IN HERE THIS IS NOT A NORMAL 7PM ON A THURSDAY ITS FUCKING BREXIT

FX THREAD UP IN THIS BUSINESS

Emberburn
Emberburn

@Sharpcharm
i dont even know where i can buy a significant number of pounds, currently not holding anything so cant sell for pounds either. hmm

Emberfire
Emberfire

LEAVE IS FUCKING WINNING

GETINGETINGETINGETINGETIN

IT'S FUCKING HAPPENING RIGHT NOW

WebTool
WebTool

Not trying to a crypto tard, but im checking in with btc as well due to all that uncertainty.

TurtleCat
TurtleCat

@Emberfire
just tell me how goddammit

TechHater
TechHater

@TurtleCat
GET
A
FUCKING
FX
BROKER

Is this your first day on Veeky Forums jesus christ.

I use oanda personally. It's good for poors.

The euro is literally going to hell RIGHT NOW. But it still hasn't broken. You're not too late to climb aboard the train.

PurpleCharger
PurpleCharger

SELL EVERYTHING

CodeBuns
CodeBuns

Nice. I hope it keeps going down.

Spazyfool
Spazyfool

Luckily I bought gold and silver stocks, which will skyrocket in the event of Britain leaving the EU

Dreamworx
Dreamworx

IT'S TIME FOR BREXIT

FUCK THE EU

Stark_Naked
Stark_Naked

Any other european currencies affected?

Lunatick
Lunatick

@Stark_Naked
All fx is linked in an intricate web, so if one moves the rest move too.

MPmaster
MPmaster

@Stark_Naked
Gold rose 4.5% in 1 minutes...

WHY ARE YOU NOT WATCHING THE MARKETS...?

HUUUUUUUGE SWINGS
All over FX

Spamalot
Spamalot

@MPmaster
Peter Schiff is right again! Thank goodness I listened to him

Soft_member
Soft_member

@MPmaster
Pound rose 1%... then FREE FELL 4.6% in seconds, now starting to rally to around -2% on the day...

farquit
farquit

If you look at things from a technical analysis POV it looks like things are only going to get worse for the euro.

That combinations of juicy downswings and tepid upswings is textbook.

takes2long
takes2long

It's fucking happening

I'm a bond trader at Deutsche bank and my boss just called me in panicking

massdebater
massdebater

@takes2long
Does your terminal have a button called "flat." Press it. Follow your heart.

Flameblow
Flameblow

@takes2long
That's because your fixed income department is about to be cut by at least 30% due to the insolvency of your balance sheet which is still loaded with toxic assets hahahahahahaha

PurpleCharger
PurpleCharger

Does this mean that if I buy things on international websites (I'm US) I can pay the price in GBP and buy it for less money?

eGremlin
eGremlin

WE'RE CRASHING THIS MARKET

WITH NO SURVIVORS

BinaryMan
BinaryMan

@PurpleCharger
depends on how the website converts teh money, if its just there lil website with no auto convert hen probably, if its a "nice" website then it probably automatically converts prices by whatever shopping cart system they use updates everytime a certain amount of changed is registered. ill be trying it though

StrangeWizard
StrangeWizard

@lostmypassword
Remain will win. Central London will blow it out by a landslide in favour of remain. Buy GBP, sell gold - two good trades right there.

Nojokur
Nojokur

holy fuck
I have to go to the US in september
if BREXIT I am fucked
should've bought my dollars earlier

Fried_Sushi
Fried_Sushi

shorted just made 150 bux in 10 secs. lmao at my life.

Harmless_Venom
Harmless_Venom

@Fried_Sushi
just made another 150. sieg heil!!!!!!

Sir_Gallonhead
Sir_Gallonhead

I'm up 50% so far with my little speculation.

King_Martha
King_Martha

@lostmypassword
GDP/USD down 5% on the day and falling...

Spamalot
Spamalot

@Sir_Gallonhead
i'm too pussy to make a macro bet. it's fun riding the wave down and scalping liquidity out of the markets.

Soft_member
Soft_member

@lostmypassword
Leave is currently ahead

girlDog
girlDog

@Fried_Sushi
I thought I had read that FX brokers were not accepting short orders in advance of this vote?

Evil_kitten
Evil_kitten

@Harmless_Venom
Can't jump on the forex train because i don't have any active accounts and have to wait for document verication

viagrandad
viagrandad

Daily reminder the best bet would have been to bet against the euro and ignore USD up or down because USD will recover but euro won't.

5mileys
5mileys

@Sir_Gallonhead
Those spreads tho

takes2long
takes2long

@girlDog
@Evil_kitten
who says i'm trading forex. u guise. lol. u guise.

real glad i'm a super scalper though. position just moved against me by about $1000 if i didn't close.

Bidwell
Bidwell

@girlDog
Mine takes my orders just fine so idk what you're talking about.

@5mileys
It can't be helped.

iluvmen
iluvmen

@takes2long
what are you trading right now?
futures?

lostmypassword
lostmypassword

@iluvmen
damn straight, faggot. only noobs think you need to take a direct forex position to make money off this.

PackManBrainlure
PackManBrainlure

@lostmypassword
I honestly view it as gambling, with money i can afford to spend.

Burnblaze
Burnblaze

n-no my gains

Why didn't I close out when I took that screenshot?

RavySnake
RavySnake

@Burnblaze
because you're greedy. and over leveraged. i had a look at your fx spreads and IB is at least half that. if not 1/4 on some pairs. maybe this is a one time gamble but if you intend be serious about trading, research different brokers.

LuckyDusty
LuckyDusty

@RavySnake
They're half that right now?

Or do they advertise that they're half that?

My spreads are 6x to 8x what they are in normal market conditions right now.

ZeroReborn
ZeroReborn

@LuckyDusty
your AUD/USD is at 7.7

mine is at 1 pip or less.

you have no idea how hard certain brokers are laughing right now.

Dreamworx
Dreamworx

@ZeroReborn
desu I'm getting an interactive brokers account next month. And yes I know there's a 10k minimum.

cum2soon
cum2soon

@Dreamworx
paying commissions

it's like you think that means a better level of service.....

t. robincuck

Inmate
Inmate

I'm probably down at least a few thousand in the past hour but the ride's been fun lads.

Hope to see you on the other side, tomorrow will be a shit show.

Snarelure
Snarelure

@Inmate
fucking lost £50 on forex when the damn leave vote pulled ahead in sunderland

JunkTop
JunkTop

ooo bahbee. nother ez hunny

Illusionz
Illusionz

this is some intense shit. just swung from losing all my gains so far to another 100 bux.

haveahappyday
haveahappyday

the money keeps flying at me! what do i do! another hundred!

cum2soon
cum2soon

it's going dooooown

takes2long
takes2long

My Demo is making nice swing bucks pulled my shit 225 to 1300 in about an hour or two.
I'm planning on starting live soon with my broker, but they hold their cash in EU banks. Would my money be dangerous?

iluvmen
iluvmen

@takes2long
nothing is safe in these times my friend

Poker_Star
Poker_Star

We havin' a pull back lads, get ready to place a sell order

Snarelure
Snarelure

oops i did it again +100

Firespawn
Firespawn

@cum2soon
it's like you think that means a better level of service.....
I have 1k in robinhood and it's garbage lmao.

TalkBomber
TalkBomber

Another one B)

TurtleCat
TurtleCat

3rd biggest drop in history with over half the votes still uncounted

It's not going to be pretty tomorrow.

LuckyDusty
LuckyDusty

Just paid off my mortgage with my pound short.

Feels good man.

VisualMaster
VisualMaster

guess lol

TechHater
TechHater

@LuckyDusty
Ok that's just gambling lmao.

BinaryMan
BinaryMan

1.38

good god its a fucking bloodbath

this is comfy af

PurpleCharger
PurpleCharger

Guys I've never invested in anything ever. How do I invest in the pound now that its gotten cheaper??

CodeBuns
CodeBuns

@LuckyDusty
happy for you man, the smart people need to prosper

GoogleCat
GoogleCat

1.37
its going down faster than my post timer refreshes

whereismyname
whereismyname

yep yep yep

Raving_Cute
Raving_Cute

DAMN it feels good to be a gansta!

Crazy_Nice
Crazy_Nice

GBP/JPY will kill your account just letting you know

Soft_member
Soft_member

@Crazy_Nice
only doing it to trade brexit. do just the usdjpy normally

farquit
farquit

we're at over 40% reporting in now. when the numbers at 50% come in, it's going to be very volatile. it would be wise to exit your positions and see which way the market swings after that.

w8t4u
w8t4u

@Raving_Cute
is that... 1.85 million GBP unrealized profit...

holy shit dude

can i have some money please

Inmate
Inmate

HANG SENG DOWN 2.3%

OH FUCK EVERYTHING IS GOING TO THE DUMPSTER

Methnerd
Methnerd

@w8t4u
no guy, I used GBP to buy JPY. both of those are in yen.

scared the shit outta me when I first traded forex but...

PackManBrainlure
PackManBrainlure

@takes2long
Deutsche bank
lel good luck mate

Carnalpleasure
Carnalpleasure

when is the recoil?

Skullbone
Skullbone

@Methnerd
ah okay right

so its only like 180,000$

...can i have some money

Emberfire
Emberfire

Just closed out. Doubled my money.

Firespawn
Firespawn

@Carnalpleasure
once Soros makes enough money he will tell Cameron to "turn it" and remain votes will start piling in. this is when Soros will take a long position and ride the price back up.

remember: the jews always win

Flameblow
Flameblow

@Skullbone
sure, just post your bank account and routing #

LuckyDusty
LuckyDusty

fucking hell. lost all my gains. now got to go make another 6 winning trades just to zero my account. c'est la vie. brexit looks more and more likely though. the one bad trade i made was scalping long. shoulda never went long damn it.

ZeroReborn
ZeroReborn

at least my USD holding is appreciating like a mofo against my CAD.

CodeBuns
CodeBuns

I'm going to re open my position after Birmingham reports in. It's supposed to be soonish.

Stupidasole
Stupidasole

over 50% reporting. brexit still in the lead.

Crazy_Nice
Crazy_Nice

gonna be pissed if the charts go to my long entry.

i exited long at a big loss because brexit looks more and more likely. would rather hold a short at the end of the night.

Boy_vs_Girl
Boy_vs_Girl

@lostmypassword

Who here b t c

farquit
farquit

@StrangeWizard
Do NOT take this advice kek

w8t4u
w8t4u

it's comin back to me. another 5 trades to zero my account. i ain't a british nationalist but team brexit here.

likme
likme

gold steady up

Snarelure
Snarelure

fuck am i ever happy i exited that long.

looks like if this continues, the SPX will open at -100 points.

Flameblow
Flameblow

It's happening

TechHater
TechHater

@Flameblow
where is this

JunkTop
JunkTop

@Flameblow
I find this funny because Yellen recently stated that the Markets are in good shape while several analysts from big financial inst. stated that they predict the markets will slip into bear this year.

CodeBuns
CodeBuns

in about half an hour 80% will report in. where's my goddamn volatility. i can't profit without some! move charts move

Illusionz
Illusionz

@CodeBuns
no markets are open besides forex and hang seng and shanghai

Need_TLC
Need_TLC

INVEST INVEST INVEST

STOCKS ARE PLUMMETING DUE TO IDIOT REMAIN REACTIONARIES THEY WILL SKYROCKET AFTER THE NEW TRADE DEALS

Booteefool
Booteefool

almost 75% reporting. brexit still at+51%

@Illusionz
hello. you must be new to trading. i'm definitely transacting right now. please reconsider that the markets do not comprise only of forex and stocks.

Poker_Star
Poker_Star

yes. come on bitch. another 3 trades.

Playboyize
Playboyize

my FX shit just stopped working, anyone else ? AvaTrader ( im just gambling , used the first one i found)

Techpill
Techpill

@Playboyize
your mm had enough

Methshot
Methshot

we've done it lads
crashed this economy with no survivors

Carnalpleasure
Carnalpleasure

@Techpill
mm?

Sharpcharm
Sharpcharm

@Need_TLC
currency low
trade opening
I can feel it coming m8

Snarelure
Snarelure

almost 80% reporting. brexit still at +51%.

short short short.

HOLY FUCK ES BELOW 2020

only 2 more trades~!

Emberburn
Emberburn

@lostmypassword
FUUUUUUUUUUUCK I LEFT IT TOO LATE TO LEARN HOW TO MAKE BANK ON THIS SHIT

Firespawn
Firespawn

HOW DID IT GET EVEN WORSE.

SniperGod
SniperGod

Should I buy HSBC stocks lads

SniperWish
SniperWish

Have to say this is a good thing for the global economy.

BlogWobbles
BlogWobbles

@Snarelure
brexit still at +51%.
It's over m8, we've left

LuckyDusty
LuckyDusty

@SniperGod
no

@SniperWish
it is really

this is needed

StonedTime
StonedTime

@LuckyDusty
Care to explain?

CouchChiller
CouchChiller

2 MORE FUCKING TRADES. I AM A TRADING ANIMAL

ES HITTING 2000 FFFFFFUCCCCCKKKK

eGremlin
eGremlin

@SniperGod
Should I buy HSBC stocks lads
New to this whole thing, but since it's all crashing it's cheap.
How do I buy?

BinaryMan
BinaryMan

I got some more play money coming in tomorrow. Remember i said i had a robbinhood account.

PurpleCharger
PurpleCharger

HOLY SHIT SHOULD I GO LONG OVERNIGHT AND CATCH THE BOUNCE. WTF IS GOING ON. AAAAAAAAHHHHHH. THINK IF THE ES GOES +100 POINTS TOMORROW.

BunnyJinx
BunnyJinx

@LuckyDusty
Care to explain why? I am planning to hold it long term

Fuzzy_Logic
Fuzzy_Logic

RULE BRITANNIA

FUCK ALL YOUR INVESTMENTS AND PORTFOLIOS

FUCK THE EU

Spazyfool
Spazyfool

BBC et al calling a win for LEAVE.

Supergrass
Supergrass

1 MORE FUCKING TRADE AND MY ACCOUNT IS FLAT. HOLY SHIT.

SHOULD I GO LONG NOW. CAN THE ES REALLY GO BELOW 2000. HANG ON TO YOUR BUTTS

Nude_Bikergirl
Nude_Bikergirl

@lostmypassword
Fuck my life, I wish I had a time machine for tomorrow. Found the sweetest option contract ever and it might stand for tomorrow if you are fast. I'm gonna be a cool user and tell ya.

On OptionsHouse search: DUST 7.5strike PUT its ask is just 10 cents. Buy as much as you can you'll get 50 for just 500 dollars. If there is a similar deal on your broker take that.

Maximum Profit = 37,500 dollars.

This info might be absolutely bullshit but I guess its at least a "fun fact" if it can't work.

Lunatick
Lunatick

BREAKING: THE KOREAN STOCK EXCHANGE HAS HALTED TRADING

Spamalot
Spamalot

HAHAHA OH WOW.

MY ACCOUNT SHOWS NET POSITIVE TODAY. DON'T EVEN REMEMBER HOW MANY TRADES I MADE

Playboyize
Playboyize

ok. i've calmed down a bit. this is a very dangerous time on the markets. everything is low as shit and people are thinking of buying in long. the only question is, how will the actual announcement affect the markets. it's foregone conclusion for brexit.

Skullbone
Skullbone

@Playboyize
announcement shouldn't change it too significantly. I mean, we already know what's going to happen at this point with the UK. Now the question is are people going to be thinking about buying low, or is the general public going to hold withdraw/hold on to their cash considering big financial institutions are already prediction a bear market this year.

I think it's going to be the latter of the two.

SHORT SHORT SHORT?

going to be interesting.

Evilember
Evilember

@Firespawn
they're throwing money to usd, but more the yen

TalkBomber
TalkBomber

@Playboyize
@Spamalot
Good glad you sold it all before the bloodbath.

I am expecting a 25% loss across the board during the day on most markets. Fortunately I got out two weeks ago.

US treasury bonds just got alot nicer though. Dat dollar rise

RavySnake
RavySnake

@Carnalpleasure
market maker

LuckyDusty
LuckyDusty

@Evilember
Nikkei has been suspended. Loss was 1222 before the government in Tokyo shut it off

ZeroReborn
ZeroReborn

Should probably buy the pound now while it's cheap and make big gains later when cooler heads prevail and people realize this won't change a goddamned thing economy wise.

FastChef
FastChef

@Skullbone
@TalkBomber

just look at ES. shit is down almost 100 points. this would be perfect buy in for a speculator. but if day momentum drives it down further. as the saying goes, the markets can stay rational longer than you can stay solvent.

my gut is telling me to go long. i think the markets have priced in brexit as much as possible. just what will happen during the day is a tough one. this is one of those once a lifetime trades.

JunkTop
JunkTop

In the hopes of not sounding like a shitposter or getting shit on, what program is it that you guys all use? I'm new to investing and need tips on the tools/sites to use. I've done comp sci/programming. all my life and feel like investing some of my money

BunnyJinx
BunnyJinx

@RavySnake
You mean overload or something ? to much traffic ?

Spazyfool
Spazyfool

I live in Japan and yens have been shit for years so I have been hoarding them.. now is my time.

Stark_Naked
Stark_Naked

@ZeroReborn
Is there some sort of sticky/archive life /fit/ has for beginners?
I want to make some profit of this, but I dont know how to go about it.
Would I have to talk with my bank to start buying company shares, gold, currency or whatever else takes my fancy?

Need_TLC
Need_TLC

I want tojump on the Investment train, but I'm a wage cuck
fuckkkkk

Raving_Cute
Raving_Cute

What's the easiest way for an FX trading noob to get in on this? Any advice is appreciated.

Booteefool
Booteefool

@JunkTop
programs are dependent on brokers. find a broker comparison site and decide.

fucking shit. i really want to buy long on ES right now. if only all markets were open 24 hrs. i'd literally stay awake all night. i might do that anyways.

Lord_Tryzalot
Lord_Tryzalot

@TreeEater
GODSPEED user

King_Martha
King_Martha

@Booteefool
any recommendations? and why should you go long on ES now?

Evil_kitten
Evil_kitten

Uneducated pleb here, how fucked is UK?

farquit
farquit

@BunnyJinx
cutting his losses

cum2soon
cum2soon

@FastChef
If you are speculation buying go long yes

If you are selling well lol
I hope you sold it already.

Bidwell
Bidwell

@farquit
Can you explain to me like a 2 year old, i do this for the thrill

iluvmen
iluvmen

@TechHater
I agree it was a crazy risky gamble that could have destroyed me.

I'm usually calm and collected during trades but this one was a real doozy. So to keep calm I opened henti on my third screen and rubbed one out.

In my defense, I rarely, rarely ever manual trade.

hairygrape
hairygrape

@lostmypassword
Does Brexit winning negatively impact America or positivel impact us? Will prices sky rocket like gas?

Poker_Star
Poker_Star

@King_Martha
i use interactive brokers. you can trade anything. it's down 100 points. this is massive. even a small bounce will me a very nice profit. when people are screaming bloody murder, you buy.

fuck it you guys. this is my big gamble. 1 long ES contract. since i entered, my position is already -200.

Playboyize
Playboyize

@Stark_Naked
you won't make any profit, don't bother.

lmao at all the kids here thinking they're going to get rich from this

PackManBrainlure
PackManBrainlure

So biz if I am understanding this right, The globalists and economists wanted remain so their stocks didn't get a little dented so when leave wins they all freak the fuck out crashing their stocks.

They killed themselves and thought they were saving themselves. Selfish cunts.

I am so proud of the UK and so ashamed at economists

Sharpcharm
Sharpcharm

@Booteefool
Think i'm staying up all night watching this. Literally this is such a significant event that i wouldn't be able to sleep anyways.

Snarelure
Snarelure

So should I be dumping all of my shares now, lr just set a stop loss?

If I set a stop loss would my shares be sold at the stop loss price when trading starts at 8am or at market opening prices?

Skullbone
Skullbone

Alright, Brexit... How does one profit from this? Buy the pound now that it's low?

Emberfire
Emberfire

1.3305

Firespawn
Firespawn

jesus fuck. we're touching the 2000s again.

SniperGod
SniperGod

@Playboyize
Not rich, just trying to limit the damage this will do.

SniperWish
SniperWish

@Poker_Star
ok I'm new to investing since I never really had the $ but what books/sources do you recommend? I also listen to Peter Schiff which is what initially got me into it. What exactly is ES?

p.s. I'm obviously gonna pass tonight in actually trading until I know enough info

DeathDog
DeathDog

Brokers saying they are not going to do any trading tomorrow

Fuzzy_Logic
Fuzzy_Logic

@SniperWish
what books/sources do you recommend?
read everything. you're probably smarter than i am if you do compsci shit. if someone claims they have a profitable system that they can teach you for xxx dollars, ignore them immediately.

you'll learn nothing by asking me question like what is ES. it's real fucking dangerous is what it is. and you should ignore it since you're just starting.

i think we're gonna break 2000 boys. this might be real painful for me to watch. what would make me feel better is a massive green candle in the 2000 range as people accept the ES is sold to shit.

whereismyname
whereismyname

@Fuzzy_Logic
OK I just wanted to know since I saw it mentioned repeatedly. I'll do my research though and get onto reading.

Illusionz
Illusionz

@DeathDog
they fucking better

Supergrass
Supergrass

@hairygrape
Positive, the EU is going to start collapsing now and the US is seen as safe

Stark_Naked
Stark_Naked

@Illusionz
They'll act like the Dems did with that sit in.

"We want this and you didn't let us, well fuck you"

Need_TLC
Need_TLC

holy shit. time and sales are pure red at 1999. but someone is buying them up. the ES just wont go down any further.

some entitie(s) just soaked up several thousand ES sells.

Soft_member
Soft_member

@Stark_Naked
I JUST WANT MY MONEY AND I JSUT WANT MY TVIX

farquit
farquit

@Need_TLC
Could be Berkshire or something. Berkshire loves opportunities for cheap es like this.

viagrandad
viagrandad

the shorts keeps shorting and the longs keep buy. ES is completely flat at 1999. looks like i mistimed the 2016 long. fuck fuck fuck.

haveahappyday
haveahappyday

@Need_TLC
IT'S CHINA AGAIN

SomethingNew
SomethingNew

should i sell all my stocks right after the market opens? Brazillian here

cum2soon
cum2soon

@SniperWish
is Peter Schiff good?

askme
askme

@Bidwell
just look up mm

Inmate
Inmate

@SomethingNew
Sell at open?

Deadlyinx
Deadlyinx

which cheeky slut shorted the cable? at high/mid 140s?

Techpill
Techpill

this is fucking hysterical. who do you think will run out of money first. the longs or the shorts?

PackManBrainlure
PackManBrainlure

@Need_TLC
@farquit
ES???

Sharpcharm
Sharpcharm

@Inmate
pretty much, they raised about 5% yersterday, i want to grab them gains and them buy at the abyss it will reach after brexit

Burnblaze
Burnblaze

@lostmypassword
Why is everything plummeting because of Britain? Why?

Firespawn
Firespawn

I got around 300€ worth of actions from a spanish insurance company (Mapfre), should I bother selling them and buying some when they're really low? (Today they're givind the dividend btw, about 6€)

I'm a noob, obviously

Flameblow
Flameblow

Alaskan autismo here i just made massive gaaaaaiiins with my forex triangle patterns that predicted this

SniperGod
SniperGod

@Sir_Gallonhead
@King_Martha
Nice platforms you guys are using. Are those free for trial (no money deposits)?

@Nude_Bikergirl
I never quite understood how options work. In this particular case you're talking about, would you need the pound to drop to 1.35 (USD/GPB) today to cash out the maximum profit?

@Playboyize
Don't catch a falling knife. Markets will be crazy today. If I made to make a bet on brexit, the ideal time would be before market close and hedged. At this point, it's best for it to ride out until Monday and then pick a position unless you know what you're doing.

WebTool
WebTool

@PackManBrainlure
S&p500 futures

RumChicken
RumChicken

@cum2soon
is Peter Schiff good?

HE'S GREAT! He may have been wrong over the past few years but gold is going to rise DRAMATICALLY tomorrow. Without Peter Schiff, I would have never made the massive amount of profits by buying gold stocks this year

BinaryMan
BinaryMan

@Stark_Naked
all in gold, but expect to sell it in a short time, you will earn a little, but not much

AwesomeTucker
AwesomeTucker

I figure now is a good time to pick up some index funds that track European and British indices, no?

BunnyJinx
BunnyJinx

@SniperGod
Don't catch a falling knife.
it's too late. i'm look at -1000 unrealized right now. having lots of fun watching shorts try to short. and the price just doesn't move.

Supergrass
Supergrass

TVIX 900% increase within a year

Harmless_Venom
Harmless_Venom

@Supergrass
TVIX specifically or most ETFs linked to this mess?

Boy_vs_Girl
Boy_vs_Girl

i think the longs are winning at 1999. the ask size is decreasing incrementally. and the supposed bid size at 13 (lol) doesn't budge.

King_Martha
King_Martha

@RumChicken
it sounds like despite you are now profiting off gold but you have benn losing money over the last few years

farquit
farquit

@WebTool
Why would anyone jump in S&P500 futures TODAY? That's fucking suicide!

Snarelure
Snarelure

@Boy_vs_Girl
The futures are locked limit down. They will likely hit mid 1900's tomorrow morning. Not a time to go long now...even if you could.

Burnblaze
Burnblaze

very interesting. ask size in increasing now. but little to no transaction on actual time and sale. price is completely flat so there's a counter party for every sell.... whoever is really trying to keep the price low.

CouchChiller
CouchChiller

be me
work in financials
co-worker does risk management
was certain Britain would stay in EU
Dude emailed me about 40 minutes ago with no subject, just an email with a body of "fuck".

Shit's going to be fun tomorrow
inb4 15 hour workday

BinaryMan
BinaryMan

@Firespawn
noob here.. but I guess you should. this will affect every other country and their companies, unless these companies depend on US stuff.

New_Cliche
New_Cliche

@CouchChiller
Considering taking the day off and calling in sick for the lulz. Don't think my stuff is too affected, probably will get hit by some macro wave but it will pass.

Nude_Bikergirl
Nude_Bikergirl

@Snarelure
fuck you're right. i forgot all about that. only another 8 hours until the limit lifts and i get to see if my long paid off. probably not. i can feel the loss coming. whats 1 or 2 grand though. i accepted that risk going long. i forgot the short might push ES to limit down. should have paid more attention.

at minimum, the big institutional guys will buy the dip. should alleviate losses somewhat.

Garbage Can Lid
Garbage Can Lid

@Flameblow
did you predict the outcome of an election before it started or something?

Crazy_Nice
Crazy_Nice

@Snarelure

Dude its going to be closed tomorrow. Take the day off.

this is what Bitcoin is for

MPmaster
MPmaster

@Crazy_Nice
It will open after a set amount of time, there are specific rules. If it falls a further extreme amount (i forget the specific % for the second level) they will close it again.

Soft_member
Soft_member

@CouchChiller
works in risk management
forgets his job title
gambles

really?

girlDog
girlDog

and just as i typed that, limit down lifted. candle spiked almost 5.00 full points. still going UP UP UP. i think it's time for caffeine pills.

COME ON BABY OVER 2016

viagrandad
viagrandad

@Fuzzy_Logic
bad teeth
even on their supermodels
You had one job!

massdebater
massdebater

@Nude_Bikergirl
There will be a massive bounce, I expect it from around 1930 to 1950 (but who knows.) But I only expect that bounce to make it to something like 1980 or 2020 max. Ultimately I think we may get down to low 1800's before we head up for new highs.

If we get a spike in the morning after the open, I would personally close out any ES long.

likme
likme

LET DO IT CUNTS 16 POINTS IN UNDER 10 MINUTES GO GO GO.

@massdebater
2020 and i'm out. got a long in at 2016ish.

Deadlyinx
Deadlyinx

@Nude_Bikergirl
Looks like your back in action, futures reopened

Firespawn
Firespawn

@JunkTop
Of course she did. If she didn't, the question becomes, "What the fuck have you been doing for the past 6 years??"

The answer being: Delaying a necessary downturn in the stock market as long as possible so that Obama can look good.

Flameblow
Flameblow

@Soft_member
It won't be that bad, but he was trying to analyze some stuff regarding the UK, and now might have to tell some of the investing guys no. Also have to give a report to EO's and others on how it might affect some of the longer investments we might have so it's just more work that he doesn't want to be doing on a Friday.

Also dem macro waves are hard to see, so I feel kinda bad for the guys who work with some of the more "risky" investments ie mid/small caps.

TechHater
TechHater

@CouchChiller
kekekekek my buddy is at Morgan Stanley Wealth management, same story. Just texted me with "tomorrows gonna be fun"

Spazyfool
Spazyfool

come to Veeky Forums to see the reckoning
everyone saying all this lingo I have no idea what it fucking means

talk english motherfuckers.

Dreamworx
Dreamworx

@Spazyfool
THIS JUST IN

KNEEPADS SKYROCKETING IN VALUE AS GLOBAL MARKETS TANK

Nude_Bikergirl
Nude_Bikergirl

@Spazyfool
SHITS FUCKED
BUY VOLATILITY
GET COMFY
SELL BEFORE CLOSE EVERY DAY

Crazy_Nice
Crazy_Nice

@Dreamworx
why the fuck would kneepads go up with brexit? Is Uk getting a new surge of wrestlers or something?

Booteefool
Booteefool

@Flameblow
now the REAL shitshow would be if we start seeing more of these referendums.

At that point buy some bonds take up some real estate and wait till it's over.

Lord_Tryzalot
Lord_Tryzalot

So buy GBP, yes? It will recover, Britain is still a decent economy.

girlDog
girlDog

@Lord_Tryzalot
how long can you go is the question

happy_sad
happy_sad

@Crazy_Nice
not sure if bait but once money is gone the knee pads will be handy for sucking lots of dick

haveahappyday
haveahappyday

@Spazyfool
YOU SHOULD HAVE BOUGHT CRYPTO WHEN YOU HAD THE CHANCE

THE NEW VOLATILE WORLD STARTS NOW
BREXIT
GREXIT
ITALEXIT
FREXIT
EU COMPLETE DISINTEGRATION
TRUMP PRESIDENT

ITS ALL HAPPENING!

ITS ALL REALLY HAPPENING!

cum2soon
cum2soon

@girlDog
I guess it depends if you think it's just reactionary bullshit or if the decline will last a while.

lostmypassword
lostmypassword

I got 10k USD cash on hand, what do I do with it?

Playboyize
Playboyize

I don't know shit about trading, I have money in mutual funds. am I fucked or no?

Deadlyinx
Deadlyinx

@haveahappyday
What site is this?

PackManBrainlure
PackManBrainlure

@Playboyize
That depends, but short term, you're most likely going to see your money take a dip.

Worst thing you could do is pull out, just hang on and see what happens.

Emberfire
Emberfire

@cum2soon
someone posted pic related on /a/
come to Veeky Forums to see the happening
Jesus you guys are going mad and I don't even know how to make head or tails of this thread.

WebTool
WebTool

@lostmypassword
Escape the fallout.

StonedTime
StonedTime

@Emberfire
the British currency will be worth less until they establish their own economy and trade deals, ff they are done without NWO tentacles involved, the sky will be the limit.

Money is not magic

CouchChiller
CouchChiller

@Playboyize
@PackManBrainlure
this. If you're buying into mutual funds then you should be in for years. it's for the long-term. Just don't let your emotions get to you and know that it'll go up again.

BinaryMan
BinaryMan

@StonedTime

Money is magic to common math-retarded plebians like myself, what do I do with my USD money in this situation.

Garbage Can Lid
Garbage Can Lid

@BinaryMan
You don't need to understand math to do well in trading, you need to understand how political and technological movements effect the global economy.

Sir_Gallonhead
Sir_Gallonhead

@Emberfire
Hurr

King_Martha
King_Martha

@lostmypassword
INSERT IN ANUS FOR MAXIMUM SAFETY

viagrandad
viagrandad

@Garbage Can Lid

I understand the basic idea that the pound and the British economy will go into the shitter in the near term and the (wise?) bet is to buy up the pound at its lowest and sit on it until either the UK bounces back in an economic recovery years from now or it devolves into Mad Max land making all currency worthless or it completely whores itself out to China and suddenly the pound turns into the Chinese currency. But I need a better understanding of the market in general.

cum2soon
cum2soon

any predictions in EUR/USD movements?

I currently got some $$$ that I've wanted to convert back to € for some time now.

hairygrape
hairygrape

@viagrandad
If England is going to whore to someone, it's going to be Russia, leaving the EU will cause tension with NATO, and Putin already offered free land in Russian to Brits for economical growth.

Flameblow
Flameblow

so is it a bad or good idea to invest in stocks tomorrow

BlogWobbles
BlogWobbles

@Flameblow
Will be surprised if market opens in the morning.

ZeroReborn
ZeroReborn

http://money.cnn.com/data/premarket/
LMAO I'M FUCKED (short term)*

*hopefully

PurpleCharger
PurpleCharger

@Flameblow
wait till September - November timeframe. Or mid July if you are brave.

StrangeWizard
StrangeWizard

What's a good forex broker for eurocucks?

Thinking of shorting EUR and GBP next week when I get my salary and would like to have a broker set up until then

Ignoramus
Ignoramus

im an uneducated retarded motherfucker so help me out with my logic here.
If everyone is buying gold now in order to retain value of their assets, why would anyone SELL it? because they already have a shit ton of it/something else valuable?

And if I had bought a 100 dollar gold necklace a year ago and sold it now, I would be raking in a noticeable increased return because of this change? or does this just apply to gold in general and not small little personal items?

Dreamworx
Dreamworx

@Ignoramus
taking profits

Fried_Sushi
Fried_Sushi

@Ignoramus
gold jewelry has shit resale value. widely traded gold coins and bullion have better resale value.

Stark_Naked
Stark_Naked

mfw "morons" and the Chinese "fell" for the "gold meme".

Raving_Cute
Raving_Cute

@Ignoramus
or rather does buying a single gold item = investing in gold
just curious because I had an argument with an old friend not to long ago who is also uneducated like me

Crazy_Nice
Crazy_Nice

@Fried_Sushi
thanks m8

Harmless_Venom
Harmless_Venom

@Stark_Naked
Chinese economy
Gold economy
Not sure which is the bigger meme

Boy_vs_Girl
Boy_vs_Girl

So now that markets are tanking, what do I buy up to sell when the fear mongering is over?

Soft_member
Soft_member

@Boy_vs_Girl
at least wait for knee jerk reaction to stop

girlDog
girlDog

AHAHAHAHAHAHAHAHA

I'M A FUCKING MADMAN. WATCHED THE BIDS SLOWLY EAT AWAY AT THE ASKS UNTIL MASSIVE BIDS CAME IN.

I WAS RIGHT THE FUCKING ES RALLIED.

+1000, -1000, +1000, -2000, +21

EXITED MY LONG AT AN INFINITESIMAL PROFIT.

WE TRADING NAO. 40 FUCKING TRADES TODAY.

THE WORLD WAKES UP TO LOSSES AND I MADE 21 FUCKING DOLLARS. OOORAHHHH.

@Boy_vs_Girl
it's too late user. if you trade ES, you should have bought in at 2000. i mistimed the rally and bought at 2016. ah well. markets will show a gap down on open. then, they will go up and dip again. perhaps even below the open. after that, who knows. i'm stoked as fuck i didn't lose money today.

SomethingNew
SomethingNew

@Deadlyinx
coinmarketcap I believe

takes2long
takes2long

@girlDog
are you discretionary or automated?

Bidwell
Bidwell

it's times like these i wish i know shit about the markets and how to take advantage

lostmypassword
lostmypassword

@Bidwell
it's mostly psychology, but not in the sense that what people think.

PackManBrainlure
PackManBrainlure

@takes2long
discretionary. but i do have a trading system. it's simple enough to automate via algorithm. i took today as a learning experience. need to learn how to code next.

Snarelure
Snarelure

@JunkTop
slip into bear this year
3%
bear
kys

Skullbone
Skullbone

@PurpleCharger
Why would you throw your money away?

Firespawn
Firespawn

@PackManBrainlure
quantopian
Do you know any code? /g/ has a ML/AI discord with decent links.

TalkBomber
TalkBomber

@PackManBrainlure
did you ever manual backtest your method? I think you did.

VisualMaster
VisualMaster

@PurpleCharger
YOU WERE SUPPOSE TO BET AGAINST IT YOU IMMBECILE

DeathDog
DeathDog

Nobody here will know the feeling of having $75k invested in a semi-aggressive market.

I mean, it'll recover over time obviously, but I wanted to cash in sooner rather than later.

eGremlin
eGremlin

@DeathDog
Puss.
Just double down if you're about it.

But really in the long run won't this hurt EU more than UK?
UK and US do enough business I think UK will be good. But that's one less "good" nation in the EU. They're stuck with italy, greece, spain, ...etc. Maybe I'm not understanding it because everyone is saying this is self destructive for UK but isn't it just jumping off the sinking ship?

FastChef
FastChef

@DeathDog
are you just starting out?

JunkTop
JunkTop

¯\_(ツ)_/¯

GoogleCat
GoogleCat

do you guys think the value of the GBP will be back to semi-normal levels in the next week or so?

whereismyname
whereismyname

@Firespawn
i got lots to learn. it's a slow process. i'll get to it.

@TalkBomber
of course. only retards don't backtest. then you papertrade and forward test as well. then you live trade a small account and see how orders actually fill. i've spent close to year looking at charts every fucking day. the patterns, i can see them. they speak to me. softly. but seriously. the average person cannot do this. today was a great live test of the system. loved every minute.

Illusionz
Illusionz

@GoogleCat
no

Stark_Naked
Stark_Naked

How do I short sell?

Assume I know nothing. When a political event like this happens again, I want to do it.

Raving_Cute
Raving_Cute

@eGremlin
I can see this sorting itself out in the coming months or even weeks. As like most said, so much of this is kneejerk to a major political move.

@FastChef
September of last year.

Crazy_Nice
Crazy_Nice

@Stark_Naked
if you have to ask..

Booteefool
Booteefool

@whereismyname
do you think those pattern really work but it's definitely not like most people think?

Harmless_Venom
Harmless_Venom

@Raving_Cute
I agree. Just a reaction where people are dumping because they don't know what to do. Like a game of chicken.

@whereismyname
You can do it man. There's money to be made.

Sir_Gallonhead
Sir_Gallonhead

@Stark_Naked

If you just want to get inverse exposure to the S&P 500, you can buy ticker SH.

Spamalot
Spamalot

Still time to short the GBP?

girlDog
girlDog

@Booteefool
well i cant discuss my system but i'm very happy with it. i will say that if i were to explain it, people would think it is impossible. today's ES2016 long was a pure gut bet i'll admit. mistimed it but the market moved like i thought it would.

@Harmless_Venom
thanks man. it's nice not having people shitpost LMAODAYTRADERS. obviously anyone successfully trading is entirely unwilling to discuss it.

viagrandad
viagrandad

@Spamalot
Probably missed the boat, better to go long sometime next week after the fallout sorts itself.

Inmate
Inmate

cameron's about to resign.

Methnerd
Methnerd

mfw can finally buy voo next week

5mileys
5mileys

@Stark_Naked
when a political event like this happens again
Are you a downsyndrome?

massdebater
massdebater

@5mileys
Scotland leaving the UK
Any other country leaving the EU
Any random fucking fiscal crash
Electing someone like Corbyn.
Irish reunification.

Not exactly starved for choice.

Methshot
Methshot

@5mileys
next year, when UK votes to go back in the EU

Evilember
Evilember

@massdebater
Scotland leaving the UK
Likely. This gives the nationalists and their yuppie/cosmopolitan opponents something they agree on.

Firespawn
Firespawn

lads what's the best way to track the £s value?

sorry I don't do this sort of shit normally, here from brexit

iluvmen
iluvmen

@Evilember
london

Carnalpleasure
Carnalpleasure

@Evilember
they don't have enough time

the netherlands and/or france are leaving next

merkel's shitshow is coming to an end

Raving_Cute
Raving_Cute

So my plan is to convert my money to the GBP and use it to buy shit when it goes back up, what's the easiest way to do so?

Skullbone
Skullbone

@Raving_Cute
your plan sucks, you won't make any money. go back to /v/ kiddo.

iluvmen
iluvmen

@StrangeWizard
Welp...

Burnblaze
Burnblaze

@Stark_Naked
Fuck short selling.
Just bet.
Like, on a betting platform?
When Jeremy Corbyn was proposed as a party leader, bookies thought he was such an outsider, some were giving odds of 100/1 or more,
And it started appearing in the 'business' and 'city' and 'finance' sections of papers and related forums. Raised a few eyebrows.
Quite a few traders took note and made a killing on that.
If you earn £100k a year, what's a petty £1k punt with a risk/reward ratio like that?

Illusionz
Illusionz

@Spamalot
/biz/thread/1333190#p1333333

Nude_Bikergirl
Nude_Bikergirl

@Raving_Cute
Enjoy waiting 10-20 years.

You are too late to abuse the exchange rate shitstorm.

Sir_Gallonhead
Sir_Gallonhead

@Carnalpleasure
The Netherland perhaps.
France is very unlikely. Holland announced he would help france try to take leadership and help reform the EU just a couple hours ago. Only way for it to leave is populist winning the 2017 presidential election, which isn't that likely.

Flameblow
Flameblow

@lostmypassword
Forgot to sell everything yesterday, guess i'm a life holder now

FastChef
FastChef

@Nude_Bikergirl
It will be a few weeks at most, the EU is famous for refusing to let their captives escape.
Brexit will not actually go though, this drop in GBP will spook people into voting remain in the second referendum.

happy_sad
happy_sad

@Burnblaze
Not to mention bet winnings aren't taxed

VisualMaster
VisualMaster

@Flameblow

Don't know what your holdings are, but if you have any serious investment in general international funds, you're probably up 5% this morning.

WebTool
WebTool

BUY YOU MEMELORDS
BUY BUY BUY

AwesomeTucker
AwesomeTucker

@WebTool
OH SHIT SELL YOU GLORIOUS BASTARDS

SELLL SELL SELL

Need_TLC
Need_TLC

@massdebater
Dont think scotland will leave since they get more concessions and money per capita than the rest of the UK

Why is united Ireland bad again? Their divide is older and more religious than economic, they have closer ties to the USA than EU

Corbyn was doomed from the start, elected by lib dem defectors, hated by blairite elite, blasted as a old communist by the media and being remain when he does not believe the EU could be reformed

Crazy_Nice
Crazy_Nice

@WebTool
@AwesomeTucker

I feel people like this are one trade away from going bankrupt.

Fuzzy_Logic
Fuzzy_Logic

@Crazy_Nice
Yup

Lunatick
Lunatick

it's going back up
shit I slept through it

farquit
farquit

mfw i was right at calling an ES bottom
could have sat on a contract with a 40 point gain. a 2k gain.

them's the breaks though. chart really slows down at 2050. supports are 2040 and 2030. it is doubtful we go higher sustained above 2050.

now i get to go to work and brag about my 21 dollars lmao.

Sir_Gallonhead
Sir_Gallonhead

@Fuzzy_Logic
submit and earn yourself a 4chanpass

5mileys
5mileys

up or down guys up or down, i think down

Inmate
Inmate

mfw I'm holding until the second referendum is announced and then cash in

BunnyJinx
BunnyJinx

@haveahappyday
I still can't believe DOGECOIN is worth something

LuckyDusty
LuckyDusty

@BunnyJinx
But you believe that paper crap in your pocket does, or the numbers on a screen ?

Skullbone
Skullbone

@LuckyDusty
I know it's all a meme (in the sense of their value is solely due to the next person also counting on other people to value it)

But you gotta agree that it feels weird having people valuing a literal joke

Deadlyinx
Deadlyinx

@Need_TLC
Dont think scotland will leave since they get more concessions and money per capita than the rest of the UK
With the prospect of the new PM reducing that because of the waekend state of the national finances, and with 45% of the country already willing to go?

Why is united Ireland bad again?
Northern Ireland bleeds money. Tying it to Ireland would drag Ireland down with it.

ZeroReborn
ZeroReborn

@Skullbone
I agree, but dollars have pyramids on them, quite the meme money too, if you think about it.

Methnerd
Methnerd

@BunnyJinx
1000 doge = 23 cents
it's nothing.

thank god i never put any money into it, just abused faucets on the off-chance reddit caught it and sent it TO THE MOON.

Emberfire
Emberfire

well guys, any gap forecasts ? is gold and bitcoin gonna pop ?

askme
askme

guys how do i read the graphs that people are posting here. What is the USD/JAP thing?
How do I capitalize on this falling of the british pound?
I have 2k USD in my chequing account, can I do something to increase it? Help?

Garbage Can Lid
Garbage Can Lid

@lostmypassword
Should I buy the dip?

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