Killy_Mel
Short

FX CHART OF THE DAY: USDRUB MEAN REVERTION DOWN PROBABILITY

FX_IDC:USDRUB   US DOLLAR / RUSSIAN RUBLE
USDRUB             is tagging upper 1st st             deviation from weekly (120-hour) mean after several legs of uptrend.

The price has a probability of mean revertion downwards to recharge volatility before going further

Traders can pick up shorts at the 1st standard deviation (62.64) with stops above the relevant peaks (64.55) and target at the weekly mean (60.65)
Peckswood
a year ago
Rather than looking short you could consider looking for a long when the pair corrects the current cycle from ~55 (looking for 50/63 fibs)
Buy and hold for a target of 100 (equal legs extension of the move to 85 in Dec 14)
+1 Reply
Killy_Mel Peckswood
a year ago
sorry frnd, I am not using fibs - static indicators are a thing of the past...

the pair did correct but did not tag the mean I was targeting, although the stop is not reached yet.

100 is unrealistic unless WTI oil falls to 30
Reply
nbn007 PRO Killy_Mel
a year ago
well obviously... this short idea isn't good one. Trend is my friend!
Reply
Killy_Mel nbn007
a year ago
trade was not stopped out tho yet)

trend is there on larger scale, this is a micro pullback idea - which is overdue I think
Reply
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