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.


This entry was posted in Currency, Uncategorized and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.