Attachments: Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)

Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)

#1,621
Jan 20, 2019 7:43pm Jan 20, 2019 7:43pm

GazFx
| Joined Aug 2018 | Status: Trader | 106 Posts

USDMXN looking like a good long-term buy.

Daily Stochastic has turned up, and weekly Stochastic looks set to follow soon. Monthly Stochastic is drifting sideways, but the buy signal on 1 Sep 2017 remains intact. The monthly trendline has survived three major tests, each rebounding significantly to the upside. It's about to be tested again.

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Would like to see the Commercials (Red Line) move up and peak for extra comfort. Maybe it's already there, but no way to know while the US Government remains in shutdown.

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#1,622
Jan 21, 2019 8:02pm Jan 21, 2019 8:02pm

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

usdMXN
Time Listed is UCT -6

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#1,623
Jan 22, 2019 12:39pm Jan 22, 2019 12:39pm

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

The world bank warns that the South African energy supplier, Eskom, will bring down the entire economy when it inevitably fails. The poorly managed, corruption ridden & cash strapped SOE is an estimated R420Billion in debt & thanks to the ANC government "creating jobs," the crumbling giant is also 66% over staffed.

World Bank says ... to big to fail.
\

#1,624
Jan 22, 2019 2:36pm Jan 22, 2019 2:36pm

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting 2dollardog

Disliked

The world bank warns that the South African energy supplier, Eskom, will bring down the entire economy when it inevitably fails. The poorly managed, corruption ridden & cash strapped SOE is an estimated R420Billion in debt & thanks to the ANC government "creating jobs," the crumbling giant is also 66% over staffed. World Bank says ... to big to fail. \

Ignored

Well, there's a surprise, lol

#1,625
Jan 22, 2019 5:16pm Jan 22, 2019 5:16pm

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

Quoting lemercenaire

Disliked

{quote} Well, there's a surprise, lol

Ignored

#1,626
Jan 22, 2019 5:18pm Jan 22, 2019 5:18pm

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

ZAAAAAAAAAAAAAAAR .. and the euro

Time listed is UTC -6

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#1,627
Jan 22, 2019 5:36pm Jan 22, 2019 5:36pm

Aussi
Joined Sep 2013 | Status: Trader | 25,137 Posts

Quoting lemercenaire

Disliked

{quote} Well, there's a surprise, lol

Ignored

and the domino,s will fail and fall its only time and its ticking

people leave, but this thread will go on for ever

#1,628
Jan 23, 2019 2:56am Jan 23, 2019 2:56am

dweb
Joined May 2015 | Status: Observer | 1,981 Posts

Quoting GazFx

Disliked

USDMXN looking like a good long-term buy. Daily Stochastic has turned up, and weekly Stochastic looks set to follow soon. Monthly Stochastic is drifting sideways, but the buy signal on 1 Sep 2017 remains intact. The monthly trendline has survived three major tests, each rebounding significantly to the upside. It's about to be tested again. {image} {image} {image} Would like to see the Commercials (Red Line) move up and peak for extra comfort. Maybe it's already there, but no way to know while the US Government remains in shutdown. {image}

Ignored

USDMXN ,Daily

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USDMXN , H4

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We err, and err, and err again, but less.

#1,629
Jan 23, 2019 7:21am Jan 23, 2019 7:21am

fxmz
| Joined May 2017 | Status: Trader | 3 Posts

a word of warning reg exotics in general:
in the forex market the odds are already stacked against you in majors.
in exotics it's even worse... see the spreads and see the swap rates.
you really need to do greatly successful trades to end in the positive while
your broker the real winner in most cases.

#1,630
Jan 23, 2019 7:46am Jan 23, 2019 7:46am

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

Everyone is talking the pound, but what I see is the eur and the dxy duking it out. Correct me if I'm wrong.

#1,631
Jan 23, 2019 9:01am Jan 23, 2019 9:01am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting 2dollardog

Disliked

Everyone is talking the pound, but what I see is the eur and the dxy duking it out. Correct me if I'm wrong.

Ignored

Nope you're not wrong. Been playing the EUR up and down all day, with one eye on the DAX on another screen. Great fun.

#1,632
Jan 23, 2019 9:05am Jan 23, 2019 9:05am

lemercenaire
Joined Oct 2015 | Status: Trader | 18,269 Posts

Quoting fxmz

Disliked

a word of warning reg exotics in general: in the forex market the odds are already stacked against you in majors. in exotics it's even worse... see the spreads and see the swap rates. you really need to do greatly successful trades to end in the positive while your broker the real winner in most cases.

Ignored

Thanks for that.

I think everyone here is well aware of the challenges involved in trading exotics. You don't really get many (any?) newbies dropping by and sticking around.

#1,633
Jan 24, 2019 12:48am Jan 24, 2019 12:48am

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

usdMXN I put in a buy when the H4 crossed back through the opening. At present gold is dropping giving rise to dxy. Excuse enough for me. lolz

#1,634
Jan 24, 2019 1:09am Jan 24, 2019 1:09am

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

usdMXN
Busy today with euro.
Time listed is UTC -6

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#1,635
Jan 24, 2019 2:53am Jan 24, 2019 2:53am

2dollardog
Joined Nov 2017 | Status: Rebarkable | 1,428 Posts

Quoting 2dollardog

Disliked

usdMXN I put in a buy when the H4 crossed back through the opening. At present gold is dropping giving rise to dxy. Excuse enough for me. lolz

Ignored

I was able to tp before the euro snapped back. Crazy volatility. keh

#1,636
Jan 24, 2019 4:46am Jan 24, 2019 4:46am

CassandraK
| Joined Mar 2018 | Status: Trader | 93 Posts

I love to trade USDMXN, it's not exotic for me, but quite a familiar pair. Still sometimes I trade USDRUB. Swaps are large, but movements are often predictable. Especially when Putin announced the sanctions.

#1,637
Jan 24, 2019 5:03am Jan 24, 2019 5:03am