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USD/TRY

  • #861
  • Jun 21, 2018 4:59am Jun 21, 2018 4:59am
Quoting 2dollardog
Erdgon Threatens Central Bank Independence - New Europe Published 10:52 June 21, 2018
thanks mate seems Erdgon is digging his own grave
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  • #862
  • Jun 21, 2018 5:42am Jun 21, 2018 5:42am
Quoting 2dollardog
Erdgon Threatens Central Bank Independence - New Europe Published 10:52 June 21, 2018
yeah.. that is the challenge for TRY.. we will see
  • #863
  • Jun 21, 2018 6:53pm Jun 21, 2018 6:53pm
and up she goes have a first sell about here
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  • #864
  • Jun 21, 2018 8:56pm Jun 21, 2018 8:56pm
on euro/try if you look at the 30min chart you will see how many times it got up here then fell
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  • #865
  • Jun 21, 2018 9:16pm Jun 21, 2018 9:16pm
Quoting Aussi
on euro/try if you look at the 30min chart you will see how many times it got up here then fell
That's a good range.
  • #866
  • Jun 21, 2018 9:17pm Jun 21, 2018 9:17pm
I think there was an implicit intervention to usd/try this week around 4.77.. i guess, they (cb or gov. related banks) sold usdt/try to defend currency before election..i suggest to be careful with usd/try sellings..even there is market-favourited election results, the positive effect can be temporary and can be good opportunity for usd/try longs..
make your own analysis and decisions..just giving some perspective..
  • #867
  • Jun 21, 2018 10:00pm Jun 21, 2018 10:00pm
[quote=Aussi;11183883]{quote} good mate seems we and a few others will make more money , just now have some more sells and have put more sell limits higher up and thanks for your pattern i will add more limit sells kindest regards from dave[/quote

Depending on election results we can see pulback to around 4.55-4.65 levels (optimistic scenario), but then probably we will go higher to 5.00 + in months.. Economic and political sitaution in Turkey will not be bright in coming months even if strong election win happen..

On the other hand, election results also may bring us to higher levels very fast if there is not a certain win by one side..there are 2 election: president election and parliament election.. if presdent and parliament are won by different political parties, situation will be more complicated...usd/try may be opened quite higher next week..
make your own analysis and decisions..just giving some perspective..
  • #868
  • Jun 22, 2018 12:04am Jun 22, 2018 12:04am
Quoting blackwinter
Quoting Aussi
{quote} good mate seems we and a few others will make more money , just now have some more sells and have put more sell limits higher up and thanks for your pattern i will add more limit sells kindest regards from dave[/quote Depending on election results we can see pulback to around 4.55-4.65 levels (optimistic scenario), but then probably we will go higher to 5.00 + in months.. Economic and political sitaution in Turkey will not be bright in coming months even if strong election win happen.. On the other hand, election
...
your imput on try is well worth the read and sound advice
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  • #869
  • Jun 22, 2018 4:15am Jun 22, 2018 4:15am
again up then down i wounder will it do it again
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  • #870
  • Jun 22, 2018 5:39am Jun 22, 2018 5:39am
well again the try does what i want it to do hope friends here also made money we now wait and see what it wants to do , i have enough sells down here to wait with some very good swaps adding every day and if it goes up i have limit sells in place
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  • #871
  • Jun 22, 2018 8:04am Jun 22, 2018 8:04am
Quoting blackwinter
I think there was an implicit intervention to usd/try this week around 4.77.. i guess, they (cb or gov. related banks) sold usdt/try to defend currency before election.
USD is weak across the board, this week.
  • #872
  • Jun 24, 2018 3:03am Jun 24, 2018 3:03am
Okay, I had to:

Inserted Video
  • #873
  • Jun 24, 2018 2:55pm Jun 24, 2018 2:55pm
Quoting MisterWhite
Okay, I had to: https://www.youtube.com/watch?v=iQxaadl44UQ

Thanks for the laugh! As a freedom-lover, he re-election angers me. The comedy is welcome.

At least I know better what to expect with market movement! ha
  • #874
  • Jun 24, 2018 3:49pm Jun 24, 2018 3:49pm
Quoting blackwinter
Quoting Aussi
{quote} good mate seems we and a few others will make more money , just now have some more sells and have put more sell limits higher up and thanks for your pattern i will add more limit sells kindest regards from dave[/quote Depending on election results we can see pulback to around 4.55-4.65 levels (optimistic scenario), but then probably we will go higher to 5.00 + in months.. Economic and political sitaution in Turkey will not be bright in coming months even if strong election win happen.. On the other hand, election
...

presidency and parliament are won by same political bloc (akp+mhp)..now prices at 4.639(https://www.bulliondesk.com/fx-prices-charts/ )..
usd/try may drop more today and this week.. in medium (1-6 mnths) and long term (6months to years) i am bullish.. by the way, i m day trader, i dont hold positions more than a day..i dont recommend usd/try swing buy position due to high swaps...for swaps shorts looks attractive but in medium-long term dangerous i think, because of political and economical reasons..inflation seems to increase fast in near future..
make your own analysis and decisions..just giving some perspective..
  • #875
  • Jun 24, 2018 4:02pm Jun 24, 2018 4:02pm
TRY pairs gapped down. USD/TRY down over 1%.
  • #876
  • Jun 24, 2018 4:30pm Jun 24, 2018 4:30pm
it is a bit early i know but couldnt resist , i bought some from 4.6020..see how
make your own analysis and decisions..just giving some perspective..
  • #877
  • Jun 24, 2018 4:37pm Jun 24, 2018 4:37pm
Quoting blackwinter
it is a bit early i know but couldnt resist , i bought some from 4.6020..see how
why you do this if u see this huge gap ?
  • #878
  • Edited 8:30pm Jun 24, 2018 4:45pm | Edited 8:30pm
Quoting LukaszH
{quote} why you do this if u see this huge gap ?
it has dropped a lot, so there can be some correction to 4.63-4.65

edit: ok..i closed at ard 4.6120 with some profit..no more risk even there is potential for correction

edit: i m following hourly chart and will be waiting for good places for long (usd/try) again..so far no follow through under 4.60..but see what happen at frankfurt&london open..
make your own analysis and decisions..just giving some perspective..
  • #879
  • Jun 24, 2018 5:01pm Jun 24, 2018 5:01pm
Market sentiment about election results..

https://www.bloomberg.com/news/artic...idential-votes

Quoting blackwinter
Market sentiment about election results.. https://www.bloomberg.com/news/artic...idential-votes
Another good read..

https://www.zerohedge.com/news/2018-...ay-be-fleeting
make your own analysis and decisions..just giving some perspective..
  • #880
  • Edited 9:10pm Jun 24, 2018 8:50pm | Edited 9:10pm
Quoting blackwinter
{quote} it has dropped a lot, so there can be some correction to 4.63-4.65 edit: ok..i closed at ard 4.6120 with some profit..no more risk even there is potential for correction edit: i m following hourly chart and will be waiting for good places for long (usd/try) again..so far no follow through under 4.60..but see what happen at frankfurt&london open..

hourly chart is bullish, it seems gap filling..long again at 4.64..see how

edit: closed at 4.653, will be waiting for good entry places again for long..
make your own analysis and decisions..just giving some perspective..
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