well said

The Really Useless Thread

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The Really Useless Thread

Stocks will fall

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Well the financial district of London, and London as a whole for that matter, as the greatest beneficiary of the advantages of being in the European Union, voted to stay in but lost. On top of that, they will be the first ones to suffer in different ...

The Really Useless Thread

I agree with you. Also long silver from 17.75. The risk/reward ratio is great at these levels.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

There are rumors that UK based banks, disgruntled with the whole Brexit momentum (faster than slower Brexit) are putting the GBP and Gold under pressure. I dont know how much credit this rumor has but I wouldnt be surprised. If this is true it will ...

The Really Useless Thread

I think this is a case that one needs to see things a bit fundamentally to add to the TA. If the FED raises by 0.50 by the end of the year we could easily see 110 again. So yes the trend could be broken but I also agree with Earleone that there are ...

The Club!

I think in the currencies slippage and spreads impact was minimal because there were a lot of traders around so the liquidity was there. The impact was tremendous in the equities with gaps of about 10%. I trade actively the DAX and I was really ...

The Really Useless Thread

Thank you Earleone for your good words I have been trading, and we have discussed in the past, MXN and ZAR but my general observation after years of trading is that to trade these "emerging" or exotic currencies one needs to have a good ...

USD/RUB

I hear you, please see what I wrote to sisse. Following the principles that I learned from years in the markets served me well especially because of the totally unpredictable nature of the event. I believe what we are doing is not speculating on the ...

The Really Useless Thread

I stand corrected, I hadnt see those posts. I had cleared all positions that day in the afternoon because I was smelling something and did not look at the board at all to make sure I will not be tempted to reenter so I did not see any of that.

The Really Useless Thread

Good morning sisse, Thank you for the note. I honestly wouldnt hire any traders for my fund who traded it on the short side from 1.50xx or 1.41xx... This was pure gamble as these levels were seen before the Brexit vote, which means that anyone ...

The Really Useless Thread

As an update: My short position has been closed at 62.50 for a very healthy 3.06 ruble gain. The reason behind this as explained earlier is that first I saw oil stalling at current levels and secondly USD is gaining momentum. At this moment it is ...

USD/RUB

Absolutely agree with you. Principles are more important that one trade, because principles will make you profitable in the long term. As I said my trade also reached my targets but due to the signs I see I have decided to let it run. I will also ...

USD/RUB

I would normally agree with you and the initial plan as posted was to close at 62.80 and wait for retracement. But at the moment I see nice momentum in oil which is a very positive sign for USD/RUB short and additionally on a weekly basis USD/RUB ...

USD/RUB

Thanks Earleone! It seems at the moment that any retracement will be shallow if oil continues to be so strong. Except of course if Russian CB intervenes to weaken the ruble...I dont see at the moment why they would do that, but who knows what is ...

USD/RUB

Agreed.

USD/RUB

My support as mentioned earlier was 62.80. I would have closed there and waited for another opportunity to reenter short but due to the force of the move and the fact that the oil is charging ahead I dont see a reason to close the position at the ...

USD/RUB

I did say it

Igrok Method. Q's & A's. Comments, thoughts and ideas