USD/TRY

Yeah, it's hilarious these prices, sometimes. Like MXN was 17.7666 for the longest time. 1776, har har.

daily, 4h and 1h charts looks very bullish..we may test 4.70 and above..we haven't seen any significant pullback after inflation data, despite Usd index drop today..Usd index can cause some directioanl confusion in following days..

yearly inflation is 15.39% now and it was 12.15% last month..Central Bank main interest rate is 17.75% now..

so, real interest rate is 2.36% now comparing to 5.60% before data (according to last month inflation)..

real interest rate of 2.36% is still quite high comparing to other countries (icluding both developed and emerging) but due to fundamental problems and political risks, probably there will be rate increase expectations...next Central Bank meeting is at 24 July..but the problem is interset rate has been increased already too much, there will be growth problem in the second half of the year..so, another increase may worsen growth issue..with worsening growth expectations, foreign and local investors may exit from Stock Market...looks very gloomy and doomy..

on the other side, Usd index has dropped today and weekly chart suggests some more drop possible..as i shared before, i expect some correction in Usd index in summer season and resuming up trend again near september..so, if Usd index continue to its correction in coming weeks, it will limit usd/try up movements to some extent and may cause some range trading..and when Usd index will resume its uptrend strongly, Usd/try may go to the sky..

usd/try long at 4.6707 now..see how

sorry guys and gals was movig house from horsham victoria to ballarat victoria yesterday , congrates to the people who had beutifull longs

This really has nothing to do with anything but I can’t trade this pair because the big TRY makes me feel like a loser.

”Try you big failure.”

Europe on ALERT: Turkish lira falls bringing inflation to .. - 11hr Daily Express

Not expecting much today. After London..... nada with US Banks closed for Independence Day.

Maybe Erdogan might say something.

Erdogan's Sweeping Election Victory has Limited Effect on Turkish Lira - 25Jun Turkish Minute

It is intimidating to all of us. I only scalp 150 - 350 pips at a time. They add up as long as i don't fool around outside the trade setup time. You can watch for high probability bull run scalps at just before or at the London Open. That's when I mostly play. Almost every morning, but not always. I could set an EA to it if I new how.

If it unsettles you, there's no shame. I absolutely abhor NZDUSD. ha

bloomberg on twitter: 32 mins ago - Japanese investors are piling into the South African rand while shunning the Turkish lira

bought 4.6780 Very Risky Today

https://www.bloomberg.com/news/artic...ntent=business

yes i feel same

Cut at -70. Not worth it.

closed with some profit..usd index restricting up movement

i have only gbp/jpy long and us500 longs now..see how..

bought 4.6847 We'll see.

good job

dxy 30 min stochastic kicking in the bulls

Breakeven achieve and risk parameters removed. Let's see how much further she'll go.

edit: added photo

That's more like it

edit: Took profit. Be back for GBP push

lol..what a missed opportunity next time hopefully