USD/RUB | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/RUB

Similar Threads

USD/RUB 6 replies

Rub's accountability 184 replies

Which brokers pay big swap for USD/RUB short position? 8 replies

Shorting Eur/Rub 3 replies

Reliable broker for USD/RUB 26 replies

Attachments: USD/RUB
Exit Attachments

USD/RUB

  • #441
  • Dec 16, 2014 5:26pm Dec 16, 2014 5:26pm
I've had my best ever trades thanks to the insanity of USD/RUB but given the action today and the fall from 80 to 67, i will definitely just be watching from the side before deciding if i go back in. May be time to play the FTSE instead lol
Volatility makes me feel alive!
  • #442
  • Dec 16, 2014 5:32pm Dec 16, 2014 5:32pm
I naturally hope that those folks who were in the Ruble got out if their broker proceeded to shut trades in the currency down.

I had been waiting for a good short set-up for literally months ... . Guess I'll just have to move on for ... oh ... a couple of years it looks like.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #443
  • Dec 16, 2014 5:42pm Dec 16, 2014 5:42pm
Quoting thadakman
{quote} The email from Forex.com about this just came in; this takes effect 8am ET on December 17th.
Heh. I was starting to fear the trade desk changed their mind and I'll be looking foolish.

Tonight will be interesting especially once we learn just how much $$$ the CBR blew through today. Oh the fun of anticipation! Nothing like it.
  • #444
  • Dec 16, 2014 11:20pm Dec 16, 2014 11:20pm
Quoting RusCheese
On a humorous note, the spreads offered by Forex.com are now 52,897 pips (with no open trades available however). You have to admit, that's pretty funny. {image}
This is exactly why you can never make a million dollars overnight (figuratively speaking) trading currency with a broker. These brokers already have all the safeguards in place to prevent you from really sticking it to them. Any large movements in your favor are mitigated by safeguards. The more it moves in your favor the more these protective measures increase. This recent ruble action shines a bright light on what I'm saying. It's a great example. Spread increase, margin requirement increase, slippage increase, size limits, etc. It gets to the point where you have to be an insane person to attempt trading it. And if you really hit them hard they may even allege you broke some rule and withhold or cancel profits. Or probably just ask you to leave. I mean think about it... how many very smart and incredibly brilliant people are there in the world? Do you think these brokers would go into business and invest millions knowing one of these geniuses could take them down? Without major safeguards it only takes a few or small group of incredibly savvy folks to bankrupt them. But again, the math is in their favor and it's absolute and unconquerable. It's all been calculated and it's THE reason why they open up shop to begin with.

With that said, I still trade foreign currency because I find it is still more profitable on a per annum basis then most other passive income options. I have realized that the relationship between the broker and trader is symbiotic. One can increase the value of their investment in a gradual manner without facing debilitating restrictions. I imagine this will continue to be the case as long as the great majority are losing their shirts. And if the ones who are making steady profits compound to the point where it starts to hurt, they will do what they have to do to make it all right again. I don't take it personal. I understand. It's simply business. I'm just getting what I can while it's there to be gotten.
  • #445
  • Dec 16, 2014 11:58pm Dec 16, 2014 11:58pm
USDRUB rising again.

so fellas any bets as to how high this pair gets again before being slapped down with more precious Russian reserves?

I am thinking 90 will be the new intervention point
  • #446
  • Dec 17, 2014 12:12am Dec 17, 2014 12:12am
All open trades closed by broker. -34k today!!

Anybody else seeing this?

From the Broker..

"In the wake of the recent currency crisis occurring in Russia, our banks and liquidity providers have ceased to provide liquidity on any Ruble (RUB) based pairs – that is, many banks are currently unwilling to buy or sell Ruble in any quantity and we can no longer provide a source of liquidity through which to direct trades. This has affected all major brokers, and unfortunately pricing for RUB based currency pairs may not return until the Russian crisis is resolved, positively or negatively.

As such, and to prevent further losses to clients, we have closed out any Ruble trades that remained open today – effective immediately - after preventing further trades from being opened yesterday. While this is understandably an inconvenience for those who wish to trade the currency, the lack of liquidity in the market means that spreads are too wide to trade successfully, volatility is high and increasing and it is not possible for us to pass on trades to any banks."
A genius is born every minute, me I am lucky if my socks match.
  • #447
  • Dec 17, 2014 12:19am Dec 17, 2014 12:19am
Quoting whackdiddy
All open trades closed by broker. -34k today!! Anybody else seeing this? From the Broker.. "In the wake of the recent currency crisis occurring in Russia, our banks and liquidity providers have ceased to provide liquidity on any Ruble (RUB) based pairs – that is, many banks are currently unwilling to buy or sell Ruble in any quantity and we can no longer provide a source of liquidity through which to direct trades. This has affected all major brokers, and unfortunately pricing for RUB based currency pairs may not return until the Russian crisis...
which broker?
  • #448
  • Dec 17, 2014 12:26am Dec 17, 2014 12:26am
Quoting RusCheese
{quote} which broker?
Pepperstone, but they are saying it is affecting most brokers. Also a news item on forexfactory..
A genius is born every minute, me I am lucky if my socks match.
  • #449
  • Dec 17, 2014 12:39am Dec 17, 2014 12:39am
Quoting whackdiddy
{quote} Pepperstone, but they are saying it is affecting most brokers. Also a news item on forexfactory..
Frankly it's still a bit insane to me they are closing out positions due to "illiquidity." Why not increase margin requirements like Forex.com or increase spreads? Craziness. That to me destroys the reputation of retail market makers.
  • #450
  • Dec 17, 2014 12:48am Dec 17, 2014 12:48am
FXCM is not offering RUB anymore.
  • #451
  • Edited 1:02am Dec 17, 2014 12:50am | Edited 1:02am
Quoting RusCheese
{quote} Frankly it's still a bit insane to me they are closing out positions due to "illiquidity." Why not increase margin requirements like Forex.com or increase spreads? Craziness. That to me destroys the reputation of retail market makers.
I agree, we play the game for the risk and reward.. more hopefully for the latter and most of us have been around long enough to play the money management game. I was covered and making some great coin. Then BAM!! no warning from broker, yes it was a high risk currency considering the last few days I know but we are sorry, that Lamborghini you thought you owned dos not actually exist anymore, sorry for any inconvenience..
A genius is born every minute, me I am lucky if my socks match.
  • #452
  • Dec 17, 2014 1:39am Dec 17, 2014 1:39am
CBR just published numbers. Apparently they only intervened with 1.93 billion USD yesterday. Very very surprising given the massive movements to be honest. I predicted 5 billion+.
  • #453
  • Dec 17, 2014 1:51am Dec 17, 2014 1:51am
Here is a tip... Silver and Gold...

The US market is going to open and people are going to freak.. safe haven, safe haven.
I have two long positions in with the 2cents left that I have in my account... ha ha
A genius is born every minute, me I am lucky if my socks match.
  • #454
  • Dec 17, 2014 2:02am Dec 17, 2014 2:02am
Quoting whackdiddy
Here is a tip... Silver and Gold... The US market is going to open and people are going to freak.. safe haven, safe haven. I have two long positions in with the 2cents left that I have in my account... ha ha
Funny, was just going to respond and saw Bloomberg is already running a story on it.
http://mobile.bloomberg.com/news/201...sell-gold.html
  • #455
  • Dec 17, 2014 4:42am Dec 17, 2014 4:42am
RusCheese & others:

I'm amateur trader doing some SIM/LIVE daytrading with commodities for couple of last years with no great success yet. However, I have some savings (5K Euro) aside which I'm thinking to invest. In my town we have a bank where I can buy RUB today for EUR (and place it for 5.5% p.a. for three months).

However, having the yesterday maximum at 97RUB per EURO and today's bank exchange rate 88,699 RUB for EURO. I'm thinking to invest 5K Euro and buy RUB for the 3 - 6 months. I know it's my decision, my money and my responsibility. I know the usual price until now was 45 RUB for EURO. So we are on 50% of nominal currency price atm. We also can see CBR intervening yesterday at 97RUB for EURO. Therefore I may think anything above 100RUB per EURO is not acceptable for CBR. This led me to conclusion, RUB can stay on this value and possibly get to original 45-48RUB/EUR in 6-12months.

My question is what do you think about buying real RUB in bank and place it onto account. With Bank I have advantage that in case of volatile exchange rate, I can use current day bank's exchange rate if things go nasty, before they switch to actual exchange rate next day.

In 2013 I was thinking buing bitCOIN for similar amount, which I didn't so I just don't want to miss another opportunity. Comparing to bitCOIN here I have CBR and weight of whole RF which is in stake. Also it can take longer, but RUB is now psychologically too damn low against where it should be really. In any answers from yourself, please be nice and don't throw stones at me if I'm bit out of picture. I'm looking forward for your views. Thanks!
  • #456
  • Dec 17, 2014 4:50am Dec 17, 2014 4:50am
hmmm

http://rt.com/business/214927-ruble-...trols-nuclear/
  • #457
  • Dec 17, 2014 5:17am Dec 17, 2014 5:17am
Bid & Ask 68.2300 & 68.2800
  • #458
  • Dec 17, 2014 9:31am Dec 17, 2014 9:31am
Huge RUB gain today after Central Bank measures... back down to 60. I wonder how low this can go, can't see much lower than 55.
  • #459
  • Dec 17, 2014 10:46am Dec 17, 2014 10:46am
Quoting Zollino
RusCheese & others: I'm amateur trader doing some SIM/LIVE daytrading with commodities for couple of last years with no great success yet. However, I have some savings (5K Euro) aside which I'm thinking to invest. In my town we have a bank where I can buy RUB today for EUR (and place it for 5.5% p.a. for three months). However, having the yesterday maximum at 97RUB per EURO and today's bank exchange rate 88,699 RUB for EURO. I'm thinking to invest 5K Euro and buy RUB for the 3 - 6 months. I know it's my decision, my money and my responsibility....
One major advantage of Forex is the leverage possibilities, which is not possible with physical currency trading. I'm not sure i understand why you want to do that.
  • #460
  • Dec 17, 2014 3:37pm Dec 17, 2014 3:37pm
we will see tomorrow how many billions of dollars CBR has spent to strenthen Ruble today. I can imaginge that decisions which were made today regarding change of accounting for Russian banks can help Ruble a bit but i don't think that it will take away a pression on ruble.
2 traders viewing now