I have set - TP: 43.85 fingers crossed
- #248
- Nov 27, 2014 12:14pm Nov 27, 2014 12:14pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
I have to remember not to take my eye off this pair. I get distracted with other trades and then miss the good movement. 
It appears to be ripping in thin U.S. holiday markets; now just short of 49.00 (bid side).
It appears to be ripping in thin U.S. holiday markets; now just short of 49.00 (bid side).
Fireworks are fun ... as long as you don't blow your fingers off.
- #249
- Nov 27, 2014 2:41pm Nov 27, 2014 2:41pm
I have to remember not to take my eye off this pair. I get distracted with other trades and then miss the good movement.
Did you want to get long this pair? Would've obviously been great to.
Now's a perfect time to start adding shorts though. I got completely out earlier on the dip and started adding again last couple days, average price now 47.35. Not the best price, but I'm happy I dumped all previous shorts under 45, so I don't mind my re-entry.
- #250
- Nov 27, 2014 3:56pm Nov 27, 2014 3:56pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
Fireworks are fun ... as long as you don't blow your fingers off.
- #256
- Nov 28, 2014 12:18am Nov 28, 2014 12:18am
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
{quote} I would wait until the high 49.9 or 50 handle before you short. As Zebra has said, this pair is a huge margin eater but the swap is amazing if you can hold the margin. With oil dropping like it is we may well hit the 51 handle, I thought we were going to see a bit more of a drop but it is playing out nicely. Long @ 47.17870 tp set loose at 51 but watching in case manual intervention. I would expect (hunch only) the RCB (Russian Central Bank) to play a small hand on Monday to drive back around the 47 handle, but they are much smarter than...
I didn't expect oil to break 70/bbl. It's now at 68.50 for WTI. That may rebound slightly now that we know what OPEC is up to.
With no more predetermined "trading bands" for the Ruble, it's kind of anyone's guess as to when the RCB might intervene, but it is likely they wanted to see what OPEC did with oil, see how the Ruble reacted to that, and will now intervene somewhat decisively should USD/RUB and EUR/RUB slide further. http://www.bloomberg.com/news/2014-1...s-economy.html (talks of RCB intervention should USD/RUB reach 50).
Also, keep expectations for the extent of downward movement low; the interest rate hike and previous interventions have led to some dipping, but it has not been huge or permanent. I would proceed to peel off parts of any position should you find yourself in positive territory and then tighten the stop up (although I use the term "tight" in relative terms; spreads frequently widens to 100 pips during low liquidity hours (basically from New York close to London open)) or just close the whole position while you're able and reload.
Fireworks are fun ... as long as you don't blow your fingers off.
Got in long yesterday at 47.0141 and SL is placed at 47.6 so happy with that, I suspect a nice gap on the open today as there is no US holiday based on the OPEC decision yesterday, however I shall wait and see what the market does on the open!
A genius is born every minute, me I am lucky if my socks match.
- #258
- Nov 28, 2014 12:25am Nov 28, 2014 12:25am
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
{quote} Nice play Ned..
Fireworks are fun ... as long as you don't blow your fingers off.
{quote} I would agree with that assessment if you want to go short.
Depending on market open of course but I am seeing on ichi another small bull run in 3 hours, so a potential drop to 49.02 around 13:30 and then bounce to 49.2 around 14:15
Sorry, based on the M15 chart and slightly re-enforced on the M30.
A genius is born every minute, me I am lucky if my socks match.