YaKa
Short

USDRUB - Wait - Short 69.50

3163 21 12
Too vertical so it will recede at some point.

69.50 could be good target for this. Target could be reached in a day or 2.

This is a rather dangerous trade in money management so small size.

Trade
Short 5% 69.50 stop 75 + reconvene if stopped.
From 16 December 2014 the Bank of Russia Board of Directors decided to raise the Bank of Russia key rate to 17.00 percent per annum (10.5% previously). Not sure if it would change something or not.
Reply
Surely - It should make the short prohibitive. now unless you can make 1.5% per month shorting it, it does not make sense... Given the velocity, it still does make sense but it may stop climbing for other reasons.. RUB lost 2/3 of its value already.. and the move seems to be in 5 wave.
Reply
Calling a top in USDRUB... who ever can manage to that, I reckon would make a ton of money. Besides that, for the average trader, shorting USDRUB would be simply suicide. Going by their 1AM rate hike... its better to stay on the sidelines of this game of chess!
Reply
crazy market !!!!! ))))
Reply
December 18 will be the president of Russia - Putin December 18 will hold its annual big press conference for journalists. We can see a good appreciation of the ruble
Reply
YaKa PRO Romanyse
Interesting - thx
Reply
Agree, any parabolic move like this cannot be sustained, and will at least correct if not collapse.
+1 Reply
Romanyse CosmicDust
Yes, I agree. I can see looking to the chart - bubble.
Reply
Better off trying to find value in their stock market. Too risky to play a top in the Ruble.
Reply
YaKa PRO Lanmar
Very wise.
Reply
you must be brave (or fool) to enter short after that HUGE upward move :)
Reply
Lanmar PRO LorenzoDecaria
I'd bet it goes closer to 100 than 55 in the near term.
+1 Reply
isn't the USDRUB pair being removed?
Reply
TheBlanco951 TheBlanco951
*DISCONTINUED?
Reply
My broker closed the USDRUB pair... I'm stopped out on my short too :)
Reply
UrbiGT kitnik
I have 500 pips of spread . HAhahha
Reply
Romanyse kitnik
many brokers trading is carried in closing mode only
Reply
YaKa PRO Romanyse
Is there any active ETF?
Reply
no, CFD
Reply
Same strategy failed on $jpy a few weeks back :/
Reply
LorenzoDecaria PRO Trading_Accuracy
that's the risk when operating counter trend
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out