USDRUB - Wait - Short 69.50 Short

U.S. Dollar / Russian RubleFOREX.com

Description

⋅ Dec 15, 2014 11:13 PM

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.

Comments

CosmicDust

⋅ Dec 16, 2014 9:33 PM

Agree, any parabolic move like this cannot be sustained, and will at least correct if not collapse.

Romanyse

⋅ Dec 17, 2014 4:40 AM

Yes, I agree. I can see looking to the chart - bubble.

Trading_Accuracy

⋅ Dec 19, 2014 7:58 AM

Same strategy failed on jpy a few weeks back :/

LorenzoDecaria

⋅ Dec 19, 2014 7:44 PM

that's the risk when operating counter trend

kitnik

⋅ Dec 17, 2014 5:10 AM

My broker closed the USDRUB pair... I'm stopped out on my short too :)

UrbiGT

⋅ Dec 17, 2014 5:13 AM

I have 500 pips of spread . HAhahha

Romanyse

⋅ Dec 17, 2014 10:55 AM

many brokers trading is carried in closing mode only

YaKa

⋅ Dec 17, 2014 10:58 AM

Is there any active ETF?

Romanyse

⋅ Dec 17, 2014 8:37 PM

no, CFD

TheBlanco951

⋅ Dec 17, 2014 5:04 AM

isn't the USDRUB pair being removed?