Exotic Pairs (EURTRY, USDRUB, MXNJPY...)

Hey all,

Have been around for a while and even started a trading journal once or twice but its not much fun always talking to yourself on these threads!

This thread is strictly for all exotic pairs (not the normal basic pairs).

I have been trading EURTRY for quite some time, have been building up my longs and recently closed out some on the recent drop but reloaded again on the supports off the 200EMA and TL.

I don't have my charts in front of me at the moment however I will start posting charts later today.

USDRUB has been on a non stop rise also. I have been looking to short this pair for a while however it has kept stopping me out wherever I have seen possible resistance. Currently running one open trade on this pair short.

I am a keen trader of Gold and Silver also however there are more established threads to discuss those pairs (not saying we cant have our views here also).

Feel free to talk about any trades and set ups you have got going on any exotic pairs.

USDDKK is another I have been keeping my eye on and was trading this pair last year.

EP

i started looking eurtry usdtry usdrub eurrub usdmxp usdsgd inrusd usdbrl.

however, my system has not signalled entry yet.

usddkk never even thought about it. one would expect that would mimick usdeur ?

me looking to short exotics ve eur as euraud showing some weakness.

Hi EatPips,

I respect you very much as a contributing member, but I am wondering why you choose to trade the exotics over the majors? Can you give us an explanation? What are the advantages? I know one clear disadvantage is the lack of liquidity, but that's about all I know.

dat beta on teh fwds yo

I've been having a lot of fun all last week with the USDTRY and USDPLN. Some great 500 pips scalps/intraday. Whats happening with EM's is really a forex goldmine. But the volatility is insane. Must be very careful. I'm hoping next week is just as fun.

English, please?

One would commonly trade exotics because of the high beta on the forwards.

I will post in more detail a little later but just one of the major reasons is the commission. EURTRY as an example I have been building longs on this pair for a bit of time and the commission is extremely impressive. I don't intend to scalp these pairs or hold a trade for a day or two. I look to enter trades to hold for a few months maybe even a year. The overnight commission on some of the pairs is just worth holding long term on its own.

Defo look into it if you haven't already. And obviously trade safely!

hi i am from Turkey so i wanted to post this thread aswell, if u followed we made a rate hike which gave lira a good drop from 2.39 to 2,16 as usd/try and eur/try from 3,28 to 2,95, these were nice moves really we were expecting a rate hike as all country and they did, prblm is after rate hike currencies didnt continue to fall they r nearl at %50 fib lvl from top to low, if u want to watch lira i advise u guys to follow our stock market Bist100, if our stock market falls from 62,000 to 57,000-55,000 area usd/try and eur/try can fastly go up.

putting my charts hope u guys can take advantage some.

important levels for usd/try is 2,3030 and for eur/try 3,10.

RUB has slowed today

I have been looking to short USDRUB since the beginning of this year being stopped out each time.

Could potentially be peaked at 35.44

I've starting to build my shorts again from 35.3 long term targets to 32.75.

3.0 is a strong level also. Looking to see this used as support should it continue to drop over due course. Floating between 23.6 + 38.2 fib at the moment with 38.2 being tested once already today.

sharp drops yesterday to usd/try 2,2300 and eur/try to 3,0150.
i expect a correction now to usd/try to 2,2500 and eur/try to 3,0500

My Harmonic Elliott Count for USD/TRY says we are just in a consolidation phase of the uptrend which started in early 2012.

Next impulsive attack may target 2.56-58 zone which may followed by a shallow correction around 14.4% or 23.8% of the movement between 1.75 to target level.

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EURTRY:

3,0300 is decesion point for eur/try

silence topic
anyways today nfp day so lira pairs will make hard moves i guess. fıor eur/try i still look at 3.0300 and 3.0500 for going long, under 3.0100 i will try shorting this pair,
for usd/try i look 2.2300 to go long and 2.2500 under 2.2150 i go short.

Lets see how the news violates the market (shortly) today.