British Pound Trade – OCO Order

We have over $8k unrealized profit in our cable trade and expect some two-way volatility around the BREXIT vote today.

We are thus putting in an OCO (One-Cancels-The-Other) order on 5 contracts of B6H19 with a limit at 1.3050 and stop at 1.2830,  just below the 50-day.  If we get taken out, don’t mind buying higher.

Conversely, don’t want to turn a winner into a loser in the event traders get spooked.  Not sure the market would be comfortable contemplating a potential Jeremy Corbyn government over the next few weeks.

bp

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