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Help with Exotics 15 replies
Anyone trading the ZAR, PLN, HUF or TRY? 3 replies
Crosses and exotics (gbp/aud...) 11 replies
Trading Exotics 2 replies
trading exotics 0 replies
Disliked{quote} Dear Ced74 and 2dollardog, A nice way to see is to play with the settings on a standard zigzag indicator. You can then visually see what it takes for each of the points to paint. For example what type of market moves/ replacements are required for the next leg to register or lock-in. You can even try or use the settings from the 3 or 4 step semafor indicator found on here which was made to differentiate between the different legs. I noticed your gap trade example, not sure if the GBP/USD gap was formed on all brokers which is strange. And...Ignored
DislikedUSDTRY During inflation data time (London open) price has reached to 6.72 then drop a bit 6.65 with a lower than expectation inflation..and then CB announced that "...The Central Bank will take the necessary actions to support price stability. Accordingly, in line with the previous communication, monetary stance will be adjusted at the September Monetary Policy Committee Meeting in view of the latest developments....".. with CB announcement price has dropped to 6.51 and climbed back to 6.62 (as of now).. http://www.tcmb.gov.tr/wps/wcm/conne...018/ano2018-37...Ignored
DislikedusdZAR Sitting on a long @ 14.9036 because I'm long the dollar and think Rand is weak at the moment. Waiting to see if DXY closes above the 200 moving average via h4. I might have gotten in too early. editedIgnored
Disliked{quote} USDZAR i m waiting on long too from yesterday at 14.927..expecting to test 15.00 today.. all timeframes (weekly, daily, 4h, 1h) looks bullish to me for now in UsdZar..i dont see yet any weakness..Ignored