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  • #101
  • May 15, 2014 7:26am May 15, 2014 7:26am
gnarly set up IMO, USDCAD,USDZAR,USDTRY all have these flag type set ups

highlighted zone was my buy zone
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  • #102
  • May 15, 2014 7:39am May 15, 2014 7:39am
Quoting Citiboy
gnarly set up IMO, USDCAD,USDZAR,USDTRY all have these flag type set ups highlighted zone was my buy zone {image}
Yeah after it stalled after breaking 2.0680 i mentioned in an earlier post, there was no conviction. The decrease in SWAP is huge imo, so a lot of stops will be lowered imo because of that, a break of 2.10 could trip retail stops.

Nice call on CPI, quitte the beat!
  • #103
  • May 15, 2014 7:40am May 15, 2014 7:40am
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  • #104
  • May 15, 2014 7:40am May 15, 2014 7:40am
Quoting Citiboy
gnarly set up IMO, USDCAD,USDZAR,USDTRY all have these flag type set ups highlighted zone was my buy zone {image}

  • #105
  • May 15, 2014 7:47am May 15, 2014 7:47am
Quoting Islander
{quote} and closed for a wash as the bounce failed and price pulled back to ~the 61% retrace, actually turning back up off the daily 50% level aof 2.0680. I bought again after this morning's drop towards the 2.07 level with yesterday's high as my initial target and then the 10 ADR ~2.0860......TWT @Scotty - thanks for your update, much appreciated by this ID trader {image}
Took partials above the BRN, bought the pull back and just closed all in that spike above the 10 ADR and that's my day finished
Trading Levels with WRBs
  • #106
  • May 15, 2014 7:48am May 15, 2014 7:48am
Anyone wondering current situation in Turkey regarding the recent incident, I expect huge demonstrations will be held this weekend. After receiving positive unemployment data from US, I've added new long positions on both usdtry and eurtry.
  • #107
  • May 15, 2014 7:52am May 15, 2014 7:52am
Quoting jeffmichaels
{quote} Yeah after it stalled after breaking 2.0680 i mentioned in an earlier post, there was no conviction. The decrease in SWAP is huge imo, so a lot of stops will be lowered imo because of that, a break of 2.10 could trip retail stops. Nice call on CPI, quitte the beat!
Already out for a few pips, didnt like that rejection USDZAR had on 10.37, jumped out of TRY too 2.0870 former support & 3 time resistance. Gonna wait for more clear signal, or good pullback.
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  • #108
  • May 15, 2014 7:56am May 15, 2014 7:56am
FINANCIAL TIMES- http://www.ft.com/intl/cms/s/0/fe590...#axzz31bREuvCi

May 15, 2014 12:31 pm
Tear gas fired at Turkish protesters after mine disaster

Turkish police on Thursday used tear gas and water cannon to disperse thousands of protesters in Istanbul angry with the government over an explosion at a coal mine in the southwest of the country that killed at least 282.

Demonstrations were reported across the country as unions staged a one-day nationwide strike over the government’s perceived disregard for miners’ safety as it pushes privatisation in the sector. Recep Tayyip Erdogan, the prime minister, on Wednesday provoked anger when he said the incident at Soma the day before was an accident and that it was not unusual in the industry.


300 people dying is normal? WTF
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  • #109
  • May 15, 2014 8:10am May 15, 2014 8:10am
Quoting Citiboy
FINANCIAL TIMES- http://www.ft.com/intl/cms/s/0/fe590...#axzz31bREuvCi May 15, 2014 12:31 pm Tear gas fired at Turkish protesters after mine disaster Turkish police on Thursday used tear gas and water cannon to disperse thousands of protesters in Istanbul angry with the government over an explosion at a coal mine in the southwest of the country that killed at least 282. Demonstrations...
And they're up for EU membership
  • #110
  • May 15, 2014 8:17am May 15, 2014 8:17am
Who cares EU? It is obvious that they will never accept Turkey because of religion. It is an Christian Club and will be like that. I can understand EU for their thought but don't understand why Turkey insist on to join somewhere that doesn't desired.
  • #111
  • May 15, 2014 9:07am May 15, 2014 9:07am
Quoting Citiboy
establishing longs here at 2.0760 in size. I think a sweep out of EM vs USD is on the way.



TP'ed 1/5th of longs at 2.0950 targeting 2.15 area. will buy dips

EM looks like the spot for Dollar bulls for now, EUR bear move looks a bit tired
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  • #112
  • May 15, 2014 9:28am May 15, 2014 9:28am
Quoting Citiboy
{quote} TP'ed 1/5th of longs at 2.0950 targeting 2.15 area. will buy dips EM looks like the spot for Dollar bulls for now, EUR bear move looks a bit tired
Well done bro. I took +330 pips profit on eurtry. Will buy more if I see pullback today, otherwise I plan to buy usdtry tomorrow morning. (GMT +2)
  • #113
  • May 15, 2014 10:20am May 15, 2014 10:20am
Quoting Citiboy
{quote} TP'ed 1/5th of longs at 2.0950 targeting 2.15 area. will buy dips EM looks like the spot for Dollar bulls for now, EUR bear move looks a bit tired
whats your time frame on this target?
  • #114
  • May 15, 2014 10:23am May 15, 2014 10:23am
Quoting weti
{quote} whats your time frame on this target?
well the turkey CB meeting is may 22. so at least by then
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  • #115
  • May 15, 2014 10:39am May 15, 2014 10:39am
from what I understand the usd/try is a hard pair to get a technical read on. What sort of entry prices would you suggest? 2,095?
  • #116
  • May 15, 2014 11:33am May 15, 2014 11:33am
EM and Periphery Take Hits- http://trendersgame.com/2014/05/15/e...ery-take-hits/
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  • #117
  • May 15, 2014 11:35am May 15, 2014 11:35am
Quoting weti
from what I understand the usd/try is a hard pair to get a technical read on. What sort of entry prices would you suggest? 2,095?

i dont think its a hard read, just dont trade during turkish central bank announcement lol.

Im looking for 2.0850 to add, the green line.
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  • #118
  • May 15, 2014 11:48am May 15, 2014 11:48am
Wow, can anyone say stop cascade? This will go down as a move I'll remember. I'm out for now. I did not see 2.10 on the radar, though I saw it as a price that made sense 2 weeks ago. After moves like this things can get really squirrely. I've been surprised at the markets willingness to continue selling all the way up to such an important news date. I'm going to remain on the sidelines for now. More to come later. Good work on bagging those pips everyone.

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  • #119
  • May 15, 2014 12:04pm May 15, 2014 12:04pm
Im gonna see if I can get a small long position around that 2,08-9 price targeting 2,15
  • #120
  • May 15, 2014 7:04pm May 15, 2014 7:04pm
Just wanted to point out that until the interest rate meeting next week I see the market being magnetized to the 2.10 level. Any moves that pull strongly from this level will turn into pin bars. We should see a nice range play for all of you ID traders. To see sustained buying or selling from this point would not make sense to me, we really need to hear from the CBRT next week to determine where this ship will sale. Either way there will be a nice trade. Remember, news events like we are expecting don't affect value in an instant, they contribute to the sentiment of a market--and it's primarily sentiment that drives order flow over longer time horizons.
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