+$40 in rollover everyday | Forex Factory

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+$40 in rollover everyday

  • #1
  • First Post: Sep 29, 2007 5:32pm Sep 29, 2007 5:32pm
taking a long position for TRY/JPY will get you $40 a day in interest. That is 1200 USD per month.

Does anyone have any idea about another per which can be hedged against the TRY/JPY so that one does not lose if TRY/JPY went down?

Regards
Yanni
Trading for a living!
  • #2
  • Sep 29, 2007 5:35pm Sep 29, 2007 5:35pm
hey there...

Funny you should ask that, I was only talking about it a few hours ago. Hedging with NZD/JPY works very well, it may even protect you fairly well in a major carry trade unwind. It would essentially create a NZD/TRY position if the correct position sizes were used. You could hedge with EUR/JPY but you would be unlikely to get the same level of protection for a major unwinding.. Hope this helps..

Pete
  • #3
  • Sep 29, 2007 6:26pm Sep 29, 2007 6:26pm
Hey I saw your post

What broker for you guys use to et the TRY/JPY?

Thanks
  • #4
  • Sep 29, 2007 6:32pm Sep 29, 2007 6:32pm
I've only tried it on demo with saxobank. Be careful if you open an account though.. The customer support guys are very annoying.. Constant phone calls.. I did hear someone mention oanda offers TRY pairs, I haven't looked myself though.
  • #5
  • Sep 29, 2007 7:17pm Sep 29, 2007 7:17pm
Oanda has EUR/TRY, and USD/TRY.....
Same Whore .... Different Dress
  • #6
  • Sep 30, 2007 5:19am Sep 30, 2007 5:19am
Quoting johnedoe
Oanda has EUR/TRY, and USD/TRY.....
What are the spreads for these pairs during normal market conditions johnedoe?
  • #7
  • Sep 30, 2007 6:04am Sep 30, 2007 6:04am
Quoting peterM
What are the spreads for these pairs during normal market conditions johnedoe?
currently i'm demo this pairs in OANDA,
below is the spread i get in OANDA

EUR/JPY-----2pip
EUR/TRY-----40 pips (I though in the website only 17PIPS ??)

USD/JPY----3pip
USD/TRY-----40pips (again, i though 13 pips as in the website??)



Quote
I've only tried it on demo with saxobank. Be careful if you open an account though.. The customer support guys are very annoying.. Constant phone calls.. I did hear someone mention oanda offers TRY pairs, I haven't looked myself though.

yes, SAXO bank . the night i have them my contact,
the next day the customer service agent called my cell-phones,
not bad, i'm a malaysian, the caller were malaysians too working in singapore for SAXO
  • #8
  • Sep 30, 2007 7:21am Sep 30, 2007 7:21am
Ouch those spreads are steep... Could it be that they are the weekend spreads as there is low volatility.. Maybe they will be less tommorow.
  • #9
  • Sep 30, 2007 10:23am Sep 30, 2007 10:23am
Quoting peterM
Ouch those spreads are steep... Could it be that they are the weekend spreads as there is low volatility.. Maybe they will be less tommorow.

those spread was on weekday , i think was tuesday if i remmebered correctly..
  • #10
  • Sep 30, 2007 1:38pm Sep 30, 2007 1:38pm
ahh.. damn that is rather high.. I have seen other brokers offer it at 20.
  • #11
  • Oct 7, 2007 12:02pm Oct 7, 2007 12:02pm
Quoting paogeh
currently i'm demo this pairs in OANDA,
below is the spread i get in OANDA

EUR/JPY-----2pip
EUR/TRY-----40 pips (I though in the website only 17PIPS ??)

USD/JPY----3pip
USD/TRY-----40pips (again, i though 13 pips as in the website??)
On OANDA, USD/TRY:
03:00 - 12:00 EST - 13 pips
12:00 - 16:00 EST - 40 pips
16:00 - 17:00 EST - 100 pips
17:00 - 03:00 EST - 120 pips

Change from EST to your timezone to get a good idea of times to get in.

TRY pairs usually have their lowest spreads during the London session. Get in early and avoid volatility because prices spike tremendously on OANDA.
  • #12
  • Oct 7, 2007 1:04pm Oct 7, 2007 1:04pm
Quoting youalreadykn
On OANDA, USD/TRY:
03:00 - 12:00 EST - 13 pips
12:00 - 16:00 EST - 40 pips
16:00 - 17:00 EST - 100 pips
17:00 - 03:00 EST - 120 pips

Change from EST to your timezone to get a good idea of times to get in.

TRY pairs usually have their lowest spreads during the London session. Get in early and avoid volatility because prices spike tremendously on OANDA.
thanks for the input.. I guess there is more volume on those time frames.
  • #13
  • Oct 7, 2007 3:27pm Oct 7, 2007 3:27pm
Quoting peterM
thanks for the input.. I guess there is more volume on those time frames.
Yes oanda offers USD/TRY. One can sell USD/TRY and buy USD / JPY.

Make sure to get in when spread is low.

I though of hedging CHF/JPY with it? What do you say?
Trading for a living!
  • #14
  • Oct 7, 2007 4:02pm Oct 7, 2007 4:02pm
I think it would work quite well until a big carry unwind, this is what has happend in the past.. essentially you would be trading TRY/CHF
  • #15
  • Oct 8, 2007 12:32pm Oct 8, 2007 12:32pm
Quoting youalreadykn
On OANDA, USD/TRY:
03:00 - 12:00 EST - 13 pips
12:00 - 16:00 EST - 40 pips
16:00 - 17:00 EST - 100 pips
17:00 - 03:00 EST - 120 pips

Change from EST to your timezone to get a good idea of times to get in.

TRY pairs usually have their lowest spreads during the London session. Get in early and avoid volatility because prices spike tremendously on OANDA.

wow ! thanks alot for the input.
so the best time:

03:00 - 12:00 EST - 13 pips
which is ?? in GMT?


by the way,
do u guys think that anyway for the USD or EUR to rise against the TRY ?
and the swing is BIG too...
  • #16
  • Oct 8, 2007 1:00pm Oct 8, 2007 1:00pm
I wouldn't even TRY something this silly.
  • #17
  • Feb 6, 2008 9:33am Feb 6, 2008 9:33am
hi,
Currently USD/TRY or EUR/TRY pairs get spreads of 9 pips during the peak sessions I guess the London Sessions of the day...

With a fall in the USD intrest this is really good for USD/TRY itself..
  • #18
  • Jun 19, 2008 12:14am Jun 19, 2008 12:14am
Hi,

Another broker for ?TRY/JPY is ODL. Their spread on market watch is 5 pips.

Happy Pipping
  • #19
  • Jun 19, 2008 1:02am Jun 19, 2008 1:02am
how many lots does someone need to have in each pair if they want $40 in interest/day?
  • #20
  • Jun 16, 2010 9:18am Jun 16, 2010 9:18am
Has anyone tried that ? I'd like to open a sub-account for doing some carry-trade with USDTRY or AUDJPY but I don't know if it's really that easy
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