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GBP heads up for traders: What you need to know 101

  
Analysis, Forex
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GBP

GBP
Ok, let’s summarise where we are with the GBP
We are negative GBP going into today on the basis that PM Johnson is going for his ‘do or doe’ Brexit approach. Will he prorogue parliament again? Will he ignore the Benn Bill? He’ll try, probably so GBP neagtive
Saunders dumps the GBP: The BoE may jump in and cut rates even before Brexit negotiations are done. GBP negative this am and we saw a 40+ spike lower on GBPUSD. Next target is 1.2250.
The problem 
So, what’s the problem for shorts? Only this – positive Brexit news.Outlier, but possible.
What to do?
Keep a short bias until there is a reason not to. Then, most probably the obvious option will be to go with a long bias
Just remember that Brexit GBP trading is short quick swings, so don’t hold shorts into the weekend and take profits when you have them. Don’t wait for 2.5 million pips (unless we get a surprise deal announcement, of course;-)).

You Never Know When You Will Drop Dead

  
  Education
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Arnold Schwarzenegger used to always say — Schwarzenegger, love him, hate him, I don’t necessarily have a feeling one way or the other, but he used to always say that a good pump in his weight-lifting world was as good as sex. I’d say hitting a home run is right there. The point is, getting to the point where you have got it on the line, you’re making something happen, you don’t give a shit what your neighbors think of you. You don’t give a shit what your family thinks of you. You’re just gonna take on the world. That’s it. That’s the goal. You live one time, one time and it’s over. If you go through life scared, if you go through life following the plan that your father told you to do, that your mother told you to do, or some other nonsense society told you to do: you need to get a steady job, you need a college degree, then you get a steady job, yada, yada, yada. Guess what, you’ll be 60, by the time you know it you’ll be 70, maybe you’ll be dead soon.

Stop waiting for the perfect opportunity to start living the way you want to live. 

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