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USD/TRY and EUR/TRY

  • #1
  • First Post: Apr 14, 2015 11:19am Apr 14, 2015 11:19am
hello,

I'd like to start a new thread to learn your impressions on Turkish Lira. there seems no resistance left daily on usd/Try and TRy is being affected by eur/usd volatility.

has any one been on long or short on TRY lately? chances for TRY long might be very soon considering swap benefits in middle term.
money ain't shit,i'm the shit..
  • #2
  • Apr 14, 2015 11:46am Apr 14, 2015 11:46am
usd/try: 2,6896 all time high..
money ain't shit,i'm the shit..
  • #3
  • Apr 14, 2015 4:01pm Apr 14, 2015 4:01pm
I was long on USD/TRY from monday night Australian Eastern time, bought after 2.65x breakout.

Held overnight to just 20 minutes ago where I closed just under psych level 2.7x.

Wanted to get out before NY close. Didn't want to pay another swap. Swaps were about 4% of my profit.
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Follow me on twitter @FxLester
  • #4
  • Apr 14, 2015 4:03pm Apr 14, 2015 4:03pm
Quoting roadtogo
all time high..
I love trading ATH's.

Everyone is looking at the same breakout levels. The orderflow is easy to predict.

Good for quick scalps!

Safe trading,
Lester
Follow me on twitter @FxLester
  • #5
  • Apr 14, 2015 4:15pm Apr 14, 2015 4:15pm
Quoting FxLester
{quote} I love trading ATH's. Everyone is looking at the same breakout levels. The orderflow is easy to predict. Good for quick scalps! Safe trading, Lester
hello,

if it passes 2.7 syc level, where would be the next target for you? 2,735? would u go for short from any level?
money ain't shit,i'm the shit..
  • #6
  • Apr 15, 2015 4:00am Apr 15, 2015 4:00am
Quoting roadtogo
{quote} hello, if it passes 2.7 syc level, where would be the next target for you? 2,735? would u go for short from any level?
No way am I going to short this bull market.

I'll wait for pullbacks to demand zones and reload with the bulls.

Good luck to anyone shorting though.

Hopefully someone reading this has also read Reminiscences of a Stock Operator by J. Livermore. One of my favourite passages goes like this:
Inserted Code
"Time and again I heard him say, Well, this is a bull market, you know! as though he were giving to you a priceless talisman wrapped up in a million-dollar accident insurance policy. And of course I did not get his meaning."
Follow me on twitter @FxLester
  • #7
  • Jan 24, 2017 5:09am Jan 24, 2017 5:09am
Turkey's central bank leaves benchmark repo rate at 8%, raises o/n lending rate

usdtry 3.80
eurtry 4.070
  • #8
  • Jan 24, 2017 5:13am Jan 24, 2017 5:13am

  1. FX movement increased risks on inflation
  2. may take liquidity measures on unhealthy pricings
  3. moderate economic pick-up seen to continue

Lira weakens on the news with many looking/hoping for further tightening.
USDTRY up past 3.8200 from 3.7400 prior but capping atm.
http://az705044.vo.msecnd.net/20170124/usdtry.png

  • #9
  • Feb 21, 2017 4:14pm Feb 21, 2017 4:14pm
Quoting roadtogo
hello, I'd like to start a new thread to learn your impressions on Turkish Lira. there seems no resistance left daily on usd/Try and TRy is being affected by eur/usd volatility. has any one been on long or short on TRY lately? chances for TRY long might be very soon considering swap benefits in middle term.
I'd really like to trade the lira, but WHERE?? With which broker?? The spreads with all brokers on the lira are CRAZY!!!!!!!

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  • #10
  • Sep 27, 2018 6:09am Sep 27, 2018 6:09am
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done for the night
people leave, but this thread will go on for ever
  • #11
  • Sep 27, 2018 6:11am Sep 27, 2018 6:11am
Quoting meyoik
{quote} I'd really like to trade the lira, but WHERE?? With which broker?? The spreads with all brokers on the lira are CRAZY!!!!!!! {image}

go to brokers at the top of this page
people leave, but this thread will go on for ever
  • #12
  • Nov 23, 2018 12:51pm Nov 23, 2018 12:51pm
Quoting meyoik
{quote} I'd really like to trade the lira, but WHERE?? With which broker?? The spreads with all brokers on the lira are CRAZY!!!!!!! {image}
xm, hotforex, windsor, fxpro ....
  • #13
  • Last Post: Dec 24, 2022 1:40pm Dec 24, 2022 1:40pm
Hi,

Does anyone have new idea on this considering government may or may have to change the currency policy they have been following lately after the elections in May/June?

What level should it top and do you think fibonacci extension give good results on this?

What level can be used as short right before/after the elections?

Thanks
money ain't shit,i'm the shit..
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