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247trader

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247trader last won the day on June 16

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About 247trader

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  1. 247trader

    Bitcoin Pump and Dump

    Crazy if true. Oh to be one of those bitcoin whales and to make 5% on their multi million pound trades. Sigh.
  2. Basically if you tried to do a limit order to sell at 180 you would immediately get filled at the current levels and your position would close. You’re saying “I want to sell down to a price of 180” but because the market is at 212 you’re going to sell at these levels.
  3. 247trader

    Turkish lira really having a hard time

    I shouldn't laugh but this just came through from Bloomberg on my email.... That title
  4. 247trader

    IG Community - check out our new video below

    Great video! Hopefully will increase sign ups as you can use it to promote the forum in a number of places.
  5. 247trader

    gold market discussion

    interesting take really - especially at these1200 levels you can't help but look back at the chart and see the support and a number of good bounces and think we're going to be looking at a reversal. I put in a little in an ETF when we hit 1205 but now I'm not so sure...
  6. 247trader

    Will Uber IPO in 2019?

    Saw this interesting chart on Statista which I thought could be a discussion topic. https://www.statista.com/chart/15001/valuation-of-the-most-valuable-private-companies/ The fact that uber is nearly $70bn strong and hasn't floated is quite remarkable really. Apparently there is a bit of news to back this happening in 2019 as Investopedia reported: "According to a CNBC report, the company passed a resolution to this effect at its board meeting to discuss investment from Japan-based venture capital firm Softbank Group Corp. (SFTBF). At an all-hands meeting earlier this month, Uber CEODara Khosrowshahi had indicated that the company would go public within the next 18 to 36 months. The San Francisco-based startup is valued at $69 billion in the private markets and has raised over $13 billion in funding."
  7. 247trader

    Setting up a PLC to trade?

    Yeh reiterate the above. Careful. Given them the crypto option “if this goes to zero don’t blame me”....
  8. 247trader

    Gold and Silver - Turning Bearish?

    I haven’t had a good look into the Revolut offering but I do think on the surface it’s not too bad. For example if there are no holding costs then you mitigate wallet risk. You pay a premium on the spread probably (you can get commission free, 1cent spreads in the market) but if that ain’t too bad then go for it. Mid you want any more opinions or want to know more about the underlying just let me know. Cheers.
  9. This is it. We’re looking at a near 80% odd expectation of a rate rise despite many thinking that it may not be the best course of action in the long run. What are people’s expectations of the August rate hike? Likely to happen for good reason, or really for the BoE MPC to save face? Continued slow rate rises are needed I’m sure... but doesthe data support it? Second rate rise in 10 odd years. One thing’s for sure the banks are going to make bank (pun intended) if this comes through. Could be worth getting on the sector ETFs and short term stock swings. Steeper futures curve, better profitability on consumer debt / mortgages etc, whilst not as much of a pay out on banking interest, and latency in clients switching to bigger and better bank accounts. So where do we think things are heading? Good ida for a rate rise? GBPUSD and EURGBP estimates?
  10. This was the article btw - skewed for a supportive argument of the MPC meeting but anyway, worth a read for anyone I think as it gives a great summery http://www.cityam.com/289920/bank-england-economists-split-monetary-policymakers-set-out
  11. Interesting regarding Thursday rate rise if I’m honest. I don’t get how we’re looking at this 80% odd likelihood of a rate rise coming whilst economists are split on the effect it’ll have. The effect is surely the reason for the action... saw this is city am “While most City observers now think rates will rise, economists are split as to whether hiking borrowing costs amid a weak economy – and shortly before the biggest political upheaval in 40 years – is the right course to take.” if it isn’t the right course then why have such a solid expectation or a rate rise? The figures which have been coming out recently haven’t really supported this in all honesty? All the figures last week aswell... I thought we’d be more split.
  12. 247trader

    ECB - European Central Bank

    market looking relatively range bound going into the meeting.
  13. ...wrong again. GBP was very uneventful on the open. 😂
  14. GBP will be interesting on the open...
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