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  • #401
  • Jun 17, 2014 1:39am Jun 17, 2014 1:39am
Quoting Islander
GM - new high for this move in the Australasian session at 2.1468, so pulling a fib down to yesterday's low gives some potential retraces with some interesting synchronicity....I sold a partial at the LH at 2.1450 ~FO.....
what i love in this pair is the swap rate....

holding my sort... my target remains intact... 2,13...

lets see what the futures hide

venceremos
The good thing with the future is that it is progressively approaching...
  • #402
  • Jun 17, 2014 2:08am Jun 17, 2014 2:08am
Quoting Islander
GM - new high for this move in the Australasian session at 2.1468, so pulling a fib down to yesterday's low gives some potential retraces with some interesting synchronicity....I sold at the LH at 2.1450 ~FO..... Edit: took partials of 50 pips ~ the close level and closed some more at the 38% level / S&R level.....next target is the 50% at 2.1335....
I think you'll get that (2.1335) and more. I patiently await 2.1305 to be exact. If the market breaks below that look for stop volatility then pin. TWT.
  • #403
  • Jun 17, 2014 2:13am Jun 17, 2014 2:13am
Just wanted to add that the intermediate target will be 2.1570. Once we clear that hurdle we'll see 2.18 in short order. This wave (2.18) will likely come after Basci lowers rates. We are getting close.
  • #404
  • Jun 17, 2014 2:27am Jun 17, 2014 2:27am
Quoting Scotty B
{quote} I think you'll get that (2.1335) and more. I patiently await 2.1305 to be exact. If the market breaks below that look for stop volatility then pin. TWT.
I think the 50% at 2.1335 will be difficult to break......TWT. However, right now price has bounced up off today's DP, so I have a nice 5m flag forming which will let me sell again - at that close level would be nice.....

Edit: looking at my two day Market Profile, that's suggesting a test of the 2.1305 area too.....
Trading Levels with WRBs
  • #405
  • Jun 17, 2014 2:35am Jun 17, 2014 2:35am
Quoting Islander
GM - new high for this move in the Australasian session at 2.1468, so pulling a fib down to yesterday's low gives some potential retraces with some interesting synchronicity....I sold at the LH at 2.1450 ~FO..... Edit: took partials of 50 pips ~ the close level and closed some more at the 38% level / S&R level.....next target is the 50% at 2.1335....
Always good to see you taking these. These are the ones I look at and just think it's just not quite perfect, frequently to regret later but safety first and patience is nothing to be ashamed of. The speed of the drop and the volumes suggest Scotty's target level at around 2.13 looks plausible. I have a bunch of fibs on mine with confluences as potential watch areas. I will wait.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #406
  • Edited 4:01am Jun 17, 2014 3:14am | Edited 4:01am
Dear Scotty,

I have not received your personal email, the mail address of juniotrader last week.

Gentlemen, I am once more amazed by all your sophisticated technical analysis of Lira movements. I can only but somewhat follow course with your guidance. Just for support, It is worth noting that the Turkish stock market opened 1,5 straight up this supporting a mild reevaluation of the lira Also worth noting that the Ukraine underground gas reserves accumulated will allow Ukraine to function until November at least!
  • #407
  • Edited 5:48am Jun 17, 2014 3:29am | Edited 5:48am
Quoting joyfultrader
Dear Scotty, I have not received your personal email , the mail address of juniotrader. Gentlemen, I am once more amazed by all your sophisticated technical analysis of Lira movements. I can only but somewhat follow course with your guidance. Just for support, It is worth noting that the Turkish stock market opened 1,5 straight up this supporting a mild reevaluation of the lira Also worth noting that the Ukraine underground gas reserves accumulated will allow Ukraine to function until November...
Hi Joyfultrader.....as Scotty lives in the mid-west USA, he has probably gone back to bed until the start of the US session. If you leave your email address here in open forum, you WILL get loads of SPAM, so might I suggest that you remove it and sent to him via the PM system - just click on his name to access his PM via the "message" icon.
Regards
Islander
Trading Levels with WRBs
  • #408
  • Edited 3:59am Jun 17, 2014 3:37am | Edited 3:59am
Quoting revoli
{quote} Always good to see you taking these. These are the ones I look at and just think it's just not quite perfect, frequently to regret later but safety first and patience is nothing to be ashamed of. The speed of the drop and the volumes suggest Scotty's target level at around 2.13 looks plausible. I have a bunch of fibs on mine with confluences as potential watch areas. I will wait. {image}

Thanks - and understood, but you can always try a couple of "not perfect" entries with reduced size.....

The pull back failed to reach that close / open level, so I sold again at ~ the 82 level as it broke out of the small bearish flag....

As you said, there's a load of synchronicity of fibs in the 2.130 area plus confluence with S&R levels......we might have to wait for NYO as the DP / **50 SS confluence is holding......for now.....


Edit: I closed all after the increased volume hit on the **50 SS and the start of the subsequent bounce.....
Trading Levels with WRBs
  • #409
  • Jun 17, 2014 3:45am Jun 17, 2014 3:45am
Dear Islander
I may have made a mistake but I do not know how I can Modify my message and change your quote
  • #410
  • Jun 17, 2014 3:57am Jun 17, 2014 3:57am
Quoting joyfultrader
Dear Islander I may have made a mistake but I do not know how I can Modify my message and change your quote

Use the "Edit" icon on the top right of your post......this allows to to open your post and edit it for ~ an hour.....
Trading Levels with WRBs
  • #411
  • Jun 17, 2014 4:03am Jun 17, 2014 4:03am
Dear islander, thank you! Remains to take your quote of the email adress
  • #412
  • Jun 17, 2014 4:11am Jun 17, 2014 4:11am
Hi guys,

I started recently trading USDTRY and EUTRY . However, I find it hard to follow the news releases for the turkish lyra. Can you provide me with some places that have up to date news for those pairs?
  • #413
  • Jun 17, 2014 4:19am Jun 17, 2014 4:19am
Quoting joyfultrader
Dear islander, thank you! Remains to take your quote of the email adress

You're welcome.

@ tradethefx - I think if you read through the 20 pages of this thread you will find some info on that.....of course, by the time we get the news, UT has probably already moved a couple of hundred pips....
Trading Levels with WRBs
  • #414
  • Jun 17, 2014 4:46am Jun 17, 2014 4:46am
not feeling so good with this pa...

took my swap and out...

my wishful thinking is to go up to find a new short setup

Venceremos
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The good thing with the future is that it is progressively approaching...
  • #415
  • Jun 17, 2014 5:16am Jun 17, 2014 5:16am
DEAR ISLANDER,

The email address remains in your quote! could you take it out? This was the content of my previous message. Thanks
  • #416
  • Jun 17, 2014 5:49am Jun 17, 2014 5:49am
Quoting joyfultrader
DEAR ISLANDER, The email address remains in your quote! could you take it out? This was the content of my previous message. Thanks

Apologies - I went out in a hurry - I've just removed it
Trading Levels with WRBs
  • #417
  • Edited 7:53am Jun 17, 2014 6:58am | Edited 7:53am
Buy Limit triggered for 1/3 of a position in the hit of the MS 1 / fib confluence ~2.1315.....so far its looking like a 15m graveyard doji - aka pin - with good volume......

Edit: added another 1/3 on the NYO pull back into a HL.......and another when the DP broke......
Trading Levels with WRBs
  • #418
  • Jun 17, 2014 7:04am Jun 17, 2014 7:04am
Gentlemen,
Congratulations to you all! The Tyr went as low as 2,1309 bid so far! Thus we are approaching your first target (2,1305 offered)! where will it go thereafter? The Turkish stock market went back up close to half percent.. But Tyr continued to decline
  • #419
  • Jun 17, 2014 7:56am Jun 17, 2014 7:56am
The Tyr went from 2,1325 (I bought a third of my normal position somewhat by accident) to 2,1472 just on the news of the US data which were not exactly flabbergasting???? The ZAR: from 10,72 to 10,8250??? Anybody has an explanation?
  • #420
  • Edited 9:07am Jun 17, 2014 8:06am | Edited 9:07am
Quoting Islander
Buy Limit triggered for 1/3 of a position in the hit of the MS 1 / fib confluence ~2.1315.....so far its looking like a 15m graveyard doji - aka pin - with good volume...... Edit: added another 1/3 on the NYO pull back into a HL.......and another when the DP broke......

Took partials on the break above the day's high - although the April high is now ~ = to today's ADR, I would expect a rest / pull back after +170 pips in well under an hour....

Edit: added back at the MR 1 level and now took off most at the retest of the high that has (so far) held.....time for some R&R
Trading Levels with WRBs
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