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USD/TRY

  • #1,501
  • Aug 4, 2018 10:39am Aug 4, 2018 10:39am
Quoting DJsignals
{quote} Im very happy to see trend following trader here
Thanks i am new in usdzar trading..but it looks attractive to me..i m planning to it..it has nice volatility and looks more predictable compared to usdtry..less political risks..
make your own analysis and decisions..just giving some perspective..
  • #1,502
  • Aug 4, 2018 11:32am Aug 4, 2018 11:32am
Quoting blackwinter
{quote} Thanks i am new in usdzar trading..but it looks attractive to me..i m planning to it..it has nice volatility and looks more predictable compared to usdtry..less political risks..
I hope to see more chart from you
  • #1,503
  • Aug 4, 2018 1:08pm Aug 4, 2018 1:08pm
Someone is using the 40 moving average on the one hour chart.
Magenta is the 50 moving average.
Red is the 200 moving average.
Attached Image (click to enlarge)
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  • #1,504
  • Aug 4, 2018 1:26pm Aug 4, 2018 1:26pm
Quoting 2dollardog
Someone is using the 40 moving average on the one hour chart. Magenta is the 50 moving average. Red is the 200 moving average. {image}
your spread too tiny ,should bless your broker
  • #1,505
  • Aug 4, 2018 2:01pm Aug 4, 2018 2:01pm
I just opened my own thread about exotics..everybody is welcome..i will be there..

https://www.forexfactory.com/showthr...5#post11333895
make your own analysis and decisions..just giving some perspective..
  • #1,506
  • Aug 4, 2018 2:03pm Aug 4, 2018 2:03pm
Quoting DJsignals
{quote} I hope to see more chart from you
My UsdZar charts will be here..cya there

https://www.forexfactory.com/showthr...5#post11333895
make your own analysis and decisions..just giving some perspective..
  • #1,507
  • Aug 4, 2018 3:06pm Aug 4, 2018 3:06pm
Quoting samet
{quote} your spread too tiny ,should bless your broker

It's dynamic and this is wide. forex.com cheats to make up the difference. lol
  • #1,508
  • Aug 4, 2018 6:05pm Aug 4, 2018 6:05pm
Venezuelan president Nicolas Maduro 'survives drone assassination attempt'
people leave, but this thread will go on for ever
  • #1,509
  • Aug 4, 2018 7:34pm Aug 4, 2018 7:34pm
Quoting Aussi
Venezuelan president Nicolas Maduro 'survives drone assassination attempt'

Can I be sad about this? Cuz I wanna be sad, but not mean.
  • #1,510
  • Aug 6, 2018 12:41am Aug 6, 2018 12:41am
Quoting shebalik
As you see in the chart, previous RSI top was 81.3. We are now close to 70. I am expecting at least to hit RSI 80. That is approximately equal to 5.25. Edit: I won't wait for 5.25. When Daily RSI hit 80 I will take profit. {image}
No need to pay attention to any news. We are rising smoothly. 5.25 is still the target. RSI 70 now and price is 5.11.
Position Trader
  • #1,511
  • Aug 6, 2018 2:28am Aug 6, 2018 2:28am
Quoting shebalik
{quote} No need to pay attention to any news. We are rising smoothly. 5.25 is still the target. RSI 70 now and price is 5.11.
I am leaving now till evening. For the ones interested, price is 5.17 and RSI is in 73.5. We can expect one more bullish day tomorrow and then a correction. With this pace I think we can pass 5.25 slightly in this run. Will still stick with strategy of waiting RSI 80, if not 79 to close the longs.
Position Trader
  • #1,512
  • Aug 6, 2018 7:41am Aug 6, 2018 7:41am
Reduced EUR/TRY exposure to 0.5 lot. Took a big hit, but profits on USD partially made up for it. -4% day. I think I'm done.
  • #1,513
  • Aug 6, 2018 9:23am Aug 6, 2018 9:23am
I dont have access to my charts but I see that 5.25 target hit. 3200 pips in 1 week.
Position Trader
  • #1,514
  • Aug 6, 2018 10:43am Aug 6, 2018 10:43am
Quoting shebalik
As you see in the chart, previous RSI top was 81.3. We are now close to 70. I am expecting at least to hit RSI 80. That is approximately equal to 5.25. Edit: I won't wait for 5.25. When Daily RSI hit 80 I will take profit. {image}

Hi All,

Above plan was mentioned with below graphic when the pair was 5.05. 2000 pips from there so far.

5.25 target achieved but RSI is still 76, few points below my 80 target. It can go more, but I don't wanna risk anymore. Since USDTRY futures are closed till 11.30 am CET, first thing tomorrow morning I will close my longs. Will wait for retracement and then see if I can trade this anymore. Usually after getting the profit I don't trade this pair at least for a month.

Good luck all.
Attached Image (click to enlarge)
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Position Trader
  • #1,515
  • Aug 6, 2018 10:51am Aug 6, 2018 10:51am
Just a few additions. I suggested to not short this from 5.05. Why? Never short a pair when RSI makes a new daily high. That is a strong proof of a solid trend. I even don't trust divergences when there is a trend, but without divergence its a clear no.
Position Trader
  • #1,516
  • Aug 6, 2018 12:28pm Aug 6, 2018 12:28pm
I am following Turkish news as close as I can because I have two shorts open in EUR/TRY and I still have no idea what is going on. I opened a double hedge long EURTRY today just when the move started and honestly, I have no idea what to do next. Seriously, what the f*** is going on.
  • #1,517
  • Aug 6, 2018 1:40pm Aug 6, 2018 1:40pm
Hi All,

This is getting insane now. Price is 5.41. RSI finally hit 79.95. Definitely time to sell. Though as I said, I need to wait for tomorrow for take profit as I have future contract and the future market is closed.

Cheers.
Position Trader
  • #1,518
  • Aug 6, 2018 1:45pm Aug 6, 2018 1:45pm
ı was expecting this end of year but happened now
  • #1,519
  • Aug 6, 2018 1:55pm Aug 6, 2018 1:55pm
Quoting samet
ı was expecting this end of year but happened now
To be honest this was already overbought in 30 mins, 1 hour, 4 hours charts. Now finally overbought in daily as well after hitting RSI 80. Tomorrow we will see an action from someone which will cause a huge retracement. I just hope the action happens after 9.31 am.

Note: If we watch weekly chart then we can see that we have still lot more to go up but we need a break. As per current price action, I would wait 5.07 to buy this pair again.
Position Trader
  • #1,520
  • Aug 6, 2018 1:59pm Aug 6, 2018 1:59pm
Quoting shebalik
{quote} To be honest this was already overbought in 30 mins, 1 hour, 4 hours charts. Now finally overbought in daily as well after hitting RSI 80. Tomorrow we will see an action from someone which will cause a huge retracement. I just hope the action happens after 9.31 am. Note: If we watch weekly chart then we can see that we have still lot more to go up but we need a break. As per current price action, I would wait 5.07 to buy this pair again.
after at this point wait to drop sharply probably central bank will take any precaution like ( interest rate,, ) wait more deeps to buy like 4.9
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