I will be buying the Ruble with Euros since I think we have tremendous downside potential as well as excellent yields as a carry trade.
The setup is to determine size on each leg of the pair using 1 month ATR, or 3 times the daily ATR value, and then proceed to short the EURUSD and short the USDRUB pairs to profit from this juncture.
You could look for a technical setup, but in this case, it's a bit tricky to find a stop loss location for it, so I prefer to deal with no stops, and no leverage, and just trade it as a pair.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
Short EURUSD/Long USDRUB, volatility adjusted, downside potential: 34.48, upside risk: 93.69
The setup is to determine size on each leg of the pair using 1 month ATR, or 3 times the daily ATR value, and then proceed to short the EURUSD and short the USDRUB pairs to profit from this juncture.
You could look for a technical setup, but in this case, it's a bit tricky to find a stop loss location for it, so I prefer to deal with no stops, and no leverage, and just trade it as a pair.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
Short EURUSD/Long USDRUB, volatility adjusted, downside potential: 34.48, upside risk: 93.69
Trade active:
Great progress!
Comment:
I'll start adding to this position soon.
Comment:
Steep retrace, OPEC induced, caution is advised.
Comment:
Hang in there!
Trade active:
Short is valid again!
Comment:
Holding this is a profitable exercise...interest is great, and it's falling, overall. Good for you if you're in!
Trade closed: target reached
Trade closed manually
