USD/RUB reached the first level where one could sell, at the H1 100 MA, namely 62.68. I would wait as we should see minimum 62.80, ideally 63.10 or even better 63.55. But if you are afraid of losing the train, then open some part of your position ...

USD/RUB

Pharm0r in the US the tax on trading would be 40% with an LLC? It sounds like a lot. I invest in real estate through LLC and the tax there for investment properties (not so different from trading) is max 20%. A bit surprised.

The Really Useless Thread

True, but I didnt comment on the specific call, rather on his frequency of changing opinion and direction. In my mind with this strategy, factoring the in and out costs, it is impossible to make money.

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

Whoever was still short USD/RUB well done, this is definitely a level that I would have closed the position as Oil reached a critical level at 51.51 today and we might see some pull back.

USD/RUB

Good strategy. If are already short you did the right thing so hold on to it and add if the opportunity arises. For someone like me with no position I need to see some retracement before I enter.

The Really Useless Thread

On the MXN right now I would probably wait for it to close the gap at 19.20 or so and then go heavily short with longer term horizon.

The Really Useless Thread

Very true, that is why I was also asking for the specific strategy.

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

I am with you there. Totally agree. It is an interesting trade that might pay off big next year

The Really Useless Thread

Oh I dont worry at all about you, I worry for the people that might be taking your "signals" for real... all the best with your trading

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

Do you ever make money? You have to have patience and a serious view in your trading, you cannot just change views every couple of hours. Except if you have an extremely specific trading style in which case I am curious to know.

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

Thanks Earleone for the table. It is interesting that at the moment USD/MXN seems to be correlated with USDX more than anything else, as we see the high correlation to UJ and GU.

The Really Useless Thread

what is the rational between correlating peso and the DAX?

The Really Useless Thread

Peso should be a nice carry trade and a good bet for higher oil prices like USD/RUB is but unfortunately as it is entangled in US politics and with Trump's rhetoric being so negative for Mexico it remains under pressure. If Trump drops out or he ...

The Really Useless Thread

One hurdle is 17.79. Once this is crossed there will be no turning back. Unfortunately the level has been 3 times rejected on the hourly which means that the moment there is not strong momentum. Lets see how it plays in the next few hours

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

Update on USD/RUB: No position at the moment, looking actively to reenter short but we need to see a min retracement to 62.80 ideally to 63.65. There are 2 ways this good happen: Either through USDX gains or oil weakness. I am not seeing too much ...

USD/RUB

Silver will be over 18 by the end of the day

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

good to have you back buddy. I think we are ready for another wave up in gold and silver, get ready. I am also long GU at these levels and short the market. Let's see For sure it will be a very interesting last quarter for the year

The Club!

I agree with you. We know anyway that physical demand for both silver and gold paints a vastly different picture compared to paper demand. If paper silver and gold reflected the real physical demand both of them would be more than 40% higher from ...

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

Totally agree with you. I bought more silver at 17.17

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