Steemit closed for hardfork. US markets closed for holidays. UK markets push ahead on Brexit news. Hitting the exits in Italy and Europe/UK food with small profits
Portfolio News
Market Flip Flop
European markets edge higher despite the new US-China tariffs coming into force.
US markets are closed for Labor Day holiday.
Britain Bumbles
Brexit story gets a new round of complication as leading Conservative Party members threaten to break away.
If No Deal is blocked by MPs it looks like an election is coming - both events means that Jeremy Corbyn starts to look like the next Prime Minister - yikes. I am thinking that Boris Johnson thinks parliament will not back whatever deal he can negotiate - so he has to keep open the "no deal" window rather than face another postponement.
Bought
Post NL (PNL.AS): Dutch Postal Service. Reinvested dividend for stock
Sold
DB X-Trackers FTSE MIB (DBXI.DE): Italy Index. Certainty about new government drives an uptick in price. Chose to bank the small profit and stay away from Italy - never really going to fix their problems. 1.4% profit since May 2014.
Compass Group PLC (CPG.L): Europe Food Services. 11% profit since June 2019 with 1.8% of that profit given away with the drop in the British Pound compared with Australian Dollar
Cryptocurency
Bitcoin (BTCUSD): Price range for the day was $718 (7.4% of the low). Price pushed through resistance at $9954 after coiling up below for 4 days. Need to see the previous high taken out at $10,650 to feel any confidence about a new run higher.
One trade closed for $603.60 (6.2%) per contract profit. This covers CFD financing costs for a few weeks.
Ethereum (ETHUSD): Price range for the day was $11 (6.5% of the low). Price also pushes through resistance at $177 though with not quite the same conviction as Bitcoin price.
Ripple (XRPUSD): Price range for the day was $0.01133 (4.5% of the low). Price keeps working away from support into the middle of "no mans land" and confirms a higher low reversal.
CryptoBots
Profit Trailer Bot No closed trades
New Trading Bot Trading out using Crypto Prophecy. No closed trades
Currency Trades
Outsourced MAM account Actions to Wealth closed out one trade on AUDNZD for 0.15% profits for the day. Trades open on USDJPY and USDCHF short (1.33% negative) still waiting for risk on day.
Cautions: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas
Images: I own the rights to use and edit the Buy Sell image. News headlines come from Google Search. All other images are created using my various trading and charting platforms. They are all my own work
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Charts: http://mymark.mx/TradingView - this is a free charting package. I have a Pro subscription to get access to real time forex prices
September 2, 2019
Surprised to see the GBP held $1.20 with everything happening but not sure how long that will last!
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Market seems to have that as the floor for no deal Brexit.
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