Bet on the Russian Ruble - short USDRUB

FOREXCOM:USDRUB   U.S. Dollar / Russian Ruble
2005 9 7
The Russian authorities are concerned with the current level of the Ruble             . That means they will use measures that can add value to the Ruble             . So you have the Russian central bank with you on this trade.

The Russian Ruble             is highly correlated with the Russian stock market, that means an inverse correlation with USDRUB             . I believe that the Russian stock market is looking bullish (I have published a chart months ago) and that would mean USDRUB             will go down. So you have the capital inflows to the stock market with you on this trade.

The USDRUB             is highly correlated with the Dollar Index             , which at the moment doesn't look good at all. It actually looks like the strong move has ended and at least a correction is coming, if not a total retracement. However, I would go with correction. So you have the weak dollar with you on this trade.

The interest rate in Russia is 8%. That is absolutely huge. The carry you earn by keeping a short will probably add up to more than the profit coming from the trade itself. So you have the excellent carry with you on this trade.

How can you not buy some Rubles, when you have all these factors working with you??
Comment removed.
Ha Ha you are not a trader ! A trader would have never posted such a comment. A trader would know that there had to be some kind of money management (it is actually written in the comment section but your mind can't comprehend that) in this trade. A trader would know that a trade is just a brick in the wall, and a single brick that falls does not mean anything. A trader would never mock another trader's idea. A trader would try and learn something from a losing trade, even if it was taken by another trader.

And for your information, Mr Trader, USDRUB has been my best trade ever.
And I will spam your comment because it is so immature, and I don't want that on my charts.
The oil just dropped $2 today. Analysts predict it could go as low as $43 per barrel and it means the Russian oil-oriented economy will crash.
There are no indications that USDRUB will stabilize anytime soon.
Ruble is going down with flames. If you buy rubles now, you will be going in flames too.
vlad.adrian CustomerService
The chart was posted over a month ago. I have a very profitable long USDRUB position, a very profitable USDNOK, EURNOK position and an oil position. Thank you for your input
CustomerService vlad.adrian
Vlad, since it was a months ago when you suggested to buy Russian rubles, your bet was wrong - you'd have lost since the rubles went from 40.9 to 53.80 as of 08-DEC-2014. Buying rubles while there is no stabilization on the horizon is foolish.
vlad.adrian CustomerService
There is a comment above, on the 22nd of October when I said I closed my position. A trend has a beginning and an end. I assure you I have done very well on this pair.
22.10.2014 closed out
Could you put up what's your target for a short trade taken at today's price?
vlad.adrian justindanethan
37 would be a good target
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