Speaking of boredom ... . I've been looking at EUR/TRY for quite a long time. Its positive swap on the short side is almost too much to resist, but the oddball pip cost (.05 per pip) and the onerous margin required to carry the pair (more than 2x most major pairs) has led me to hesitate entering a position. That being said, taking comparatively modest positions (.5 x equity) at price extremes might prove productive, so I'm going to set up some GTC entry orders to sell the pair should it strike extreme price points (as indicated by the ZigZag), like so:
I would note that, in light of Thursday's price movement in the Euro, EUR/TRY's price is quite distant from the first possible sell point, so an entry might take some time to develop ... .
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I would note that, in light of Thursday's price movement in the Euro, EUR/TRY's price is quite distant from the first possible sell point, so an entry might take some time to develop ... .
Fireworks are fun ... as long as you don't blow your fingers off.