{quote} Sorry, was conclusionI thought you mean that's impossible at all
{quote} Its a classic bubble in my opinion, most fundamental structure in any market. Go read here: Post #9190
except that there is a massive gas/oil lobby in Russia, that don't care about central bank! I mean central bank did, does, and will always do what they will order it to do USD/RUB was 30, oil was 100$ for barrel. It means 1 barrel of oil was 30000 RUB. Now oil is 50$ for barrel, but still cost 30000 RUB they just do hedging😄😄😄
Errāre hūmānum est; in errōre persevērāre belluīnum
- #9,345
- Mar 26, 2015 8:44am Mar 26, 2015 8:44am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
what is the deal with these pop up ads on FF driving me crazy and I know how to fix that crap
Fix up, trade sharp ...
- #9,346
- Mar 26, 2015 8:45am Mar 26, 2015 8:45am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
{quote} Because you said "as low as 40 in 2017-2018 years", if that becomes true and you buy put options with expiry in 2017-2018, could be a nice payoff. If you never traded options I recommend you to stay away from them
Ok! I must say Options can be very useful for hedging, if used properly.
Best,
D.P.
Hunting High and Low
- #9,347
- Mar 26, 2015 8:47am Mar 26, 2015 8:47am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
{quote} Banks was selling rubles from summer, Crimea story
. There is no direct correlation between RUB and OIL as many have been thinking of it.D.P.
Hunting High and Low
- #9,349
- Mar 26, 2015 8:52am Mar 26, 2015 8:52am
- Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
{quote}
Errāre hūmānum est; in errōre persevērāre belluīnum
- #9,352
- Mar 26, 2015 9:01am Mar 26, 2015 9:01am
- Joined Nov 2007 | Status: CHART HACKER | 2,454 Posts
GBP/USD has a target down there at 4740....had to jump it out of a need for more action....now I'm happy.....
Hey FX-Ray....good job steering us through that....last night.....amazing system.....
Hey FX-Ray....good job steering us through that....last night.....amazing system.....
- #9,353
- Mar 26, 2015 9:01am Mar 26, 2015 9:01am
- Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
Few scenarios for G/J: (1) Current rejection if 1/2 177.35/25 leads to test of 1/4 176.575/475 (2) 1/4 176.575/475 able to stay support, next 1/2 177.35/25 (3) Break of 1/4 176.575/475, next is DP 175.80/70 then.
But I m skeptical of hitting 175.70 for now....I guess I'll just take partials and lock in profits for my shorts, maybe load a few more if we go higher again.
By the way, keep up the good work, Ray! Your DPs are the closest thing we have to the gospel (or more aptly, the holy grail) for forex.
- #9,354
- Mar 26, 2015 9:02am Mar 26, 2015 9:02am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
GBP/USD has a target down there at 4740....had to jump it out of a need for more action....now I'm happy..... Hey FX-Ray....good job steering us through that....last night.....amazing system.....
- #9,355
- Mar 26, 2015 9:03am Mar 26, 2015 9:03am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} Based on the penetration degree, it's either 2) or 3). But I m skeptical of hitting 175.70 for now....I guess I'll just take partials in lock in profits for my shorts, maybe load a few more if we go higher again. By the way, keep up the good work, Ray! Your DPs are the closest thing we have to the gospel (or more aptly, the holy grail) for forex.
Never forget, your ego is your biggest enemy(maybe the only one). Always.
- #9,356
- Mar 26, 2015 9:05am Mar 26, 2015 9:05am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote} Thanks buddy, thats why Im here
Fix up, trade sharp ...
- #9,358
- Mar 26, 2015 9:07am Mar 26, 2015 9:07am
- Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
- #9,359
- Mar 26, 2015 9:09am Mar 26, 2015 9:09am
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
- #9,360
- Mar 26, 2015 9:09am Mar 26, 2015 9:09am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
Wow...it took us 20min. to go from 177.30 to 176.50.... That's one fast drop to a support. I'm going to hold onto all shorts for now. No partials, but locked in about 30 pips in profit.
Add: take partials, dont be greedy, nobody knows what is going to happen next.