IvanLabrie
Short

USDRUB: Potential long term downtrend continuation

FX_IDC:USDRUB   US DOLLAR / RUSSIAN RUBLE
Interesting setup in the Ruble             here. You may short at market, or on retracement. Stop above 64 is reasonable, you can alternatively use a stop above 66.

Good luck!

Ivan Labrie.

PS: The swap from holding this offsets part of the nasty swap you get charged with for holding USOIL             longs.
Comment:
snapshot
Trade closed manually: Deutsche Bank dropping made equities drop hard, so the dollar is making volatile moves now. Better exit for now.
Comment: I'm getting back in on this one, same stop. Risk small for now.
Trade active
Comment: Let's look at a couple things here:

#1 bi-Weekly Time at Mode uptrend signal confirming by October 7th
snapshot


#2 Swap for Ruble longs: The carry is roughly 7.94% of the position, per day! Sign me up for that yield, please...add to it a 26% upside potential, and I'm sold.

Just so you keep these in mind. Good luck if you go long Russia here with me.
Comment: Great progress, the chart here isn't reflecting mine properly, the stop wasn't hit in my platform, and it dropped significantly.
This cancels the your previous forecast four months ago on a long?
Reply
Hi, possibly yes.

Still, the Deutsche Bank situation is weighing heavily on dollar liquidity, so FX is seeing volatile movement. I'd reccomend trading with very small risk for now.
My main focus is the metals, oil, Euro Stoxx 50/Dax, and equities for now, but not so much FX.
Also we're at the start of a new quarter, so we are bound to see new trends start.

Stay tuned for updates.
Thanks for the comments.
Reply
you are an optimist
Reply
IvanLabrie PRO Fulcanelli
Hi, haha. Just the target generated by the system here. Let's see how it goes.
Reply
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