WFAD #10
$USDRUB & $CECO
These trading ideas were generated by #crowd DreamTeam Investments platform based on principles of #Prediction_Markets. Also, they were approved by Dorofeev Mikhail, head of the analytical department at DTI, PhD, associated professor of finance and prices department in Plekhanov Russian University of Economics.
$USDRUB
Not so far, we saw rather fast and sharp downside move in price of oil futures. As you know, usually oil dynamics has significant influence on Russian ruble. That’s why ruble started to become weaker very fast as well. When USDRUB reached 67.00, public became nervous and started to think only or mostly about our national currency.
The recommendation was to sell this pair.
Profit from this recommendation = appr. +2,59% in 8 days (+116,55% annually).
Tell you the truth, USDRUB is very difficult fin. instrument for making forecasts and for trading.This currency pair is still in trade range. And it’s still in downtrend on daily chart. What may happen next?
=> Most probable scenario is continuation of ascending, or horizontal local correction in big trade range. Will it become true, or maybe the pair will go higher and break out the big 120-days horizontal trade range? We’ll see then.
The lesson is => Don’t try to trade fantasies, which are real things from your point of view. You should always wait for confirmation or base on working patterns and use risk-management.
$CECO
Second trading idea was buying ordinary stocks of Career Education Corporation. (CECO). It was generated by one of our analysts Roman Nasonov:
Fundamental analysis of the company was on the first place for this investing idea.
Profit from this recommendation = appr. +21,35% in 50 days (+153,72% annually).
Target was not reached, but the main part of the way is done. It’s proper time to take part of the profit and/or move stop-loss higher.
The lesson is => Fundamental analysis is essential skill. It’s very useful for identifying good trading ideas.
