DislikedI will add if we can get an hourly close above 2.11, Still holding longs from 2.0945. holding USDZAR from 10.4450 ECB Dissapointment + NFP Beat= Massive losses for fragile 5 EM (ZAR, TRY,BRL,INR)Ignored
USD/TRY and EUR/TRY 12 replies
Exotics (USD/TRY, USD/ZAR, USD/MXN, and others) 2,321 replies
Lets try something new CUT OFF DATE 5 replies
USD/TRY fundamental analysis 1 reply
Anyone try using XAU/USD - XAU/EUR as proxy for EUR/USD? 4 replies
DislikedI will add if we can get an hourly close above 2.11, Still holding longs from 2.0945. holding USDZAR from 10.4450 ECB Dissapointment + NFP Beat= Massive losses for fragile 5 EM (ZAR, TRY,BRL,INR)Ignored
DislikedI'm in long again today. I'm hoping this thing will stand up on it's hind legs and really reach. This hour's low may be the low of the day, good place for stop loss but next hour could reach below that as the odds favor next hour a bit more. My target today is an obvious one, 2.13. Once we get back up to 2.15 we'll range for a while and make a bull flag on the higher TF's. Okay, the clock just chimed in the new hour as I type. Beware of a stop sweep, look for a pin bar if the bulls are running the show. I won't trade against the fundamentals, but...Ignored
Disliked{quote} Added at 2.1119. avg now 2.10. If we hold above the congestion zone around 2.1070 as the next 4hr candle closes, breakout of triangle should be good to goIgnored
DislikedCan't go to bed quite yet..Looks like they may take this back down today. Why do I get the sense this will be back at 2.11 when I awaken from my slumber? Okay, crawling into cave now an shutting door so bears don't eat me.Ignored
DislikedNot too bad of a day. I think we'll see a pull back to 2.1075, look for bear flags to form on the hourly. I will look to get long from there. There will be a fella from the FED speaking on interest rates on the 5th here in the US. This could make Friday an extremely interesting day. We may well see 2.15 that day depending on what he says. Either way though, the US in on a path to increase rates while Turkey is on one to lower them. This sets the Lira up to fall. We are still tracking on our daily slope of appreciation. I'll check back in closer...Ignored
Disliked{quote} Just taken an initial buy on the spike under yesterday's low to the 50% retrace on my 15m chart....the 61% is a pip from your 2.1075 level......Ignored
Disliked{quote} I'm long also. I'm scaling in today as the market has been choppy recently. I'm hoping for a touch of 2.11 or below turned pin bar. Hopefully we will touch 2.13 today. US news could be helpful or harmful, if it pulls this back it will only open up really nice pricing to the buyers.Ignored
DislikedThe speech we got today out of the FED didn't necessarily help the trade but it didn't hurt it either. USDTRY has made it down to the main daily TL, I've stopped adding to my longs at 2.0980. This has been so choppy lately it's difficult to know what it will do intraday. Being that we are at the lower ascending TL I am hopeful we'll see buying Friday. If this lower TL breaks, beware, the bears might try pushing this down, I doubt strongly that this will be the case however. The fundies are still on the side of the bulls. Not even going to...Ignored