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USD/TRY

  • #181
  • May 22, 2014 4:06am May 22, 2014 4:06am
Quoting Islander
{quote} Thanks Jeff - that's a strange time to release the info. Do you know what time they start their meeting?
No it doesnt say, I've PM'ed you the link where i got it from. Not sure on rules regarding posting links to external sites. Anyone else wants it PM me.
  • #182
  • Edited 4:55am May 22, 2014 4:25am | Edited 4:55am
Quoting jeffmichaels
{quote} No it doesnt say, I've PM'ed you the link where i got it from. Not sure on rules regarding posting links to external sites. Anyone else wants it PM me.

Thanks - they must be night-owls although it may be they like to announce when the main markets are closed....they got a 500 pip gap down on my charts when they increased rates in January and then a 1500 pip rally once Europe opened...........which confirms that I will be flat well before dark.

Edit: well before noon
Trading Levels with WRBs
  • #183
  • May 22, 2014 4:31am May 22, 2014 4:31am
Quoting Islander
{quote} Thanks - they must be night-owls although it may be they like to announce when the main markets are closed....they got a 500 pip gap down on my charts when they increased rates in January and a 1500 pip rally once Europe opened....
Get the feeling you think it is midnight, so if you are 12 PM is noon.
  • #184
  • May 22, 2014 4:43am May 22, 2014 4:43am
Quoting jeffmichaels
{quote} Get the feeling you think it is midnight, so if you are 12 PM is noon.

Thanks - that's why I prefer the 24 hour clock!.....perhaps it was just the January one that was at 10pm / 22:00 gmt....
Trading Levels with WRBs
  • #185
  • May 22, 2014 5:16am May 22, 2014 5:16am
Quoting Islander
{quote} Thanks - that's why I prefer the 24 hour clock!.....perhaps it was just the January one that was at 10pm / 22:00 gmt....
Your welcome! You gonna hold over the decision or did you bank some already ?

My USDZAR shorts all still red within the H1/H4 bearflag. Appearantly it needed another runup, and now im thinking this may go higher to at least for now, my conviction overall is still short.
Attached Image (click to enlarge)
Click to Enlarge Name: 140522 USDZAR.png Size: 122 KB
  • #186
  • May 22, 2014 5:53am May 22, 2014 5:53am
Quoting jeffmichaels
{quote} Your welcome! You gonna hold over the decision or did you bank some already ? My USDZAR shorts all still red within the H1/H4 bearflag. Appearantly it needed another runup, and now im thinking this may go higher to at least for now, my conviction overall is still short. {image}

I banked 2/3 ~the **50 level......hedged the remainder as an experiment...
Trading Levels with WRBs
  • #187
  • May 22, 2014 6:03am May 22, 2014 6:03am
Doubled my long at 2.0920 ....



*TURKEY'S CENTRAL BANK CUTS BENCHMARK REPO RATE TO 9.50%
Twitter: @TrendersGame
  • #188
  • May 22, 2014 6:17am May 22, 2014 6:17am
Quoting Citiboy
Doubled my long at 2.0920 .... *TURKEY'S CENTRAL BANK CUTS BENCHMARK REPO RATE TO 9.50%
Yes interesting, next up USDZAR south african rate decision
Attached Image (click to enlarge)
Click to Enlarge Name: 140522 ZAR Rate decision.png Size: 4 KB
  • #189
  • May 22, 2014 6:27am May 22, 2014 6:27am
Quoting jeffmichaels
{quote} Yes interesting, next up USDZAR south african rate decision {image}
It's 2:00 PM GMT, good for asking website was displaying UTC+1....

Pretty muted reaction dont you guys think.
Attached Image (click to enlarge)
Click to Enlarge Name: 140522 ZAR Rate decision.png Size: 15 KB
  • #190
  • May 22, 2014 6:34am May 22, 2014 6:34am
Quoting Islander
{quote} I banked 2/3 ~the **50 level......hedged the remainder as an experiment...
Nice! Expirimented with that too didnt work out for me, just seems to add to losses for me/
  • #191
  • Edited 7:20am May 22, 2014 6:48am | Edited 7:20am
Quoting jeffmichaels
{quote} Nice! Expirimented with that too didnt work out for me, just seems to add to losses for me/

Its a bit like putting on a butterfly spread in options.......here, as there was some initial confusion over the Repo rate, there was a good swing both ways, so I was able to exit both positions in profit .....now I am long waiting to see what NYO brings....

Edit Such a nice swing each way is the best for this strategy....
Trading Levels with WRBs
  • #192
  • May 22, 2014 6:51am May 22, 2014 6:51am
Quoting Islander
{quote} Its a bit like putting on a butterfly call spread in options.......here, as there was some initial confusion over the Repo rate, there was a good swing both ways, so I was able to exit both positions in profit .....now I am long waiting to see what NYO brings....
Thats pretty sweet i can see how on the spike
  • #193
  • May 22, 2014 7:17am May 22, 2014 7:17am
The Monetary Policy Committee (the Committee) has decided to set the short term
interest rates as follows:
a) Overnight Interest Rates: Marginal Funding Rate has been kept at 12 percent, the
interest rate on borrowing facilities provided for primary dealers via repo transactions
has been kept at 11.5 percent, and borrowing rate has been kept at 8 percent.
b) One-week repo rate has been reduced from 10 percent to 9.5 percent.
c) Late Liquidity Window Interest Rates (between 4:00 p.m. – 5:00 p.m.): Borrowing
rate has been kept at 0 percent, and lending rate has been kept at 13.5 percent.


so 2.15 should be much nearby?
no other killers to me but emotion
  • #194
  • May 22, 2014 7:53am May 22, 2014 7:53am
Put my stop at 2.0830, looks like we are headed there in hurry lol
Twitter: @TrendersGame
  • #195
  • May 22, 2014 7:56am May 22, 2014 7:56am
Quoting Citiboy
Put my stop at 2.0830, looks like we are headed there in hurry lol
Yeah, I switched again already, thats what I like bout these pairs. you can chase em ...
  • #196
  • May 22, 2014 8:08am May 22, 2014 8:08am
Quoting Citiboy
Put my stop at 2.0830, looks like we are headed there in hurry lol
So far it has held at a minor S&R level and I closed a short and have an initial long. The closed 15m was a high volumed hammer and I hope that signaled the low which I think may be a reation to the initial claims data......TWT
Trading Levels with WRBs
  • #197
  • May 22, 2014 8:10am May 22, 2014 8:10am
Quoting jeffmichaels
{quote} It's 2:00 PM GMT, good for asking website was displaying UTC+1.... Pretty muted reaction dont you guys think. {image}
Any word on this did you see?
Thanks
  • #198
  • May 22, 2014 8:12am May 22, 2014 8:12am
Quoting gjgjg
{quote} Any word on this did you see? Thanks
Another 45 mins
  • #199
  • May 22, 2014 8:36am May 22, 2014 8:36am
Quoting jeffmichaels
{quote} Another 45 mins
Ah sorry, thought it was 15:00 CET ignore me pls
Thanks

PS EZAR and UZAR dropping, leaked data?
  • #200
  • May 22, 2014 8:39am May 22, 2014 8:39am
Quoting jeffmichaels
{quote} Yeah, I switched again already, thats what I like bout these pairs. you can chase em ...
And out again, nice profit before USD data & ZAR later. USDTRY closed at that 2.0830 SL level Citiboy spoke off as it started to stall and with this data coming out better to pocket some profits.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 140522 USDZAR Trades.png Size: 19 KB
Click to Enlarge Name: 140522 USDTRY Trades.png Size: 18 KB
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