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The Swamp

  • #4,761
  • May 5, 2016 3:55am May 5, 2016 3:55am
Sold USD/TRY in my bank account at 2.86 at noon time yesterday and it jumped to 2.98 yesterday night. I was very angry with myself yesterday
(2.92 now)
  • #4,762
  • May 5, 2016 4:04am May 5, 2016 4:04am
Quoting Fxwina
Sold USD/TRY in my bank account at 2.86 at noon time yesterday and it jumped to 2.98 yesterday night. I was very angry with myself yesterday (2.92 now)
Exactly why I closed my charts ​
  • #4,763
  • May 5, 2016 5:09am May 5, 2016 5:09am
EU on Daily S2 support, 1.1429
  • #4,764
  • May 5, 2016 5:16am May 5, 2016 5:16am
might try some sneaky longs in GBPJPY at 154.75, risk 15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 65 KB
Look Sharp/Trade Tight
  • #4,765
  • May 5, 2016 6:25am May 5, 2016 6:25am
eur usd 30m chart.
weekly pp, monthly pp and todays s3 on same level which was previous resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 266 KB
  • #4,766
  • May 5, 2016 6:36am May 5, 2016 6:36am
Weekly Pviot is not 1.1394.

Quoting longshot_nl
eur usd 30m chart. weekly pp, monthly pp and todays s3 on same level which was previous resistance. {image}
  • #4,767
  • May 5, 2016 7:19am May 5, 2016 7:19am
Quoting Forexcube
EU short at 1.1510 seems an investment worth for me. If monthly will break out then maybe > 1.1772 Let's see! FXcube
#4'569

market price has touched EMA55/H4, ...maybe it shaping out a hammer.
1.1438 seems okay for me.
Exit +72
1.1365 seems also possible.
...the bird in the hand is worth two in the bush.
FXcube
  • #4,768
  • May 5, 2016 7:45am May 5, 2016 7:45am
Quoting gatorinla
{quote} a eu long may be in scope 1388/141x.... eu 1388 may be a support to consider. later
probably no less than 1415. another support 1347.. but the month did close above 1388.. so after 1415 is hit. closes above 1451 are probably bullish comfirmation.. atm low just above 1415 at 1417..
those who can, do. those who cant, talk about those who can
  • #4,769
  • May 5, 2016 7:55am May 5, 2016 7:55am
pay 121.99 on some EY, risk 15, try for 122.41
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 59 KB
Look Sharp/Trade Tight
  • #4,770
  • May 5, 2016 7:57am May 5, 2016 7:57am
Quoting PayTheLimit
pay 121.99 on some EY, risk 15, try for 122.41 {image}
I'm waiting on longs around 121.80, got a small bear level there and now strong support, Edy watching 119.x I think, might break today? (121.7x
  • #4,771
  • May 5, 2016 8:02am May 5, 2016 8:02am
Quoting Fxwina
Sold USD/TRY in my bank account at 2.86 at noon time yesterday and it jumped to 2.98 yesterday night. I was very angry with myself yesterday (2.92 now)
Ahmet resigned - good thing for TRY?

Quoting Don96
{quote} :0 why, looks set for me, I'm not in atm, ill add some small positions if we get lower... ready for at least 124
You have the answer now

EU was at the top range
UJ was unknown
  • #4,772
  • May 5, 2016 8:08am May 5, 2016 8:08am
Quoting Ken A
{quote} Ahmet resigned - good thing for TRY? {quote} You have the answer now EU was at the top range UJ was unknown
​yeah I'm looking to get in soon. I'm in EU short atm
  • #4,773
  • May 5, 2016 8:11am May 5, 2016 8:11am
[quote=Ken A;8910988]{quote} Ahmet resigned - good thing for TRY? {quote}
There is a congress this month. So, he will stand for 3 weeks more.
He was not ruling Turkey actually, therefore, his absence personally does not mean much.
The problem is that president Erdogan is deciding on the minister which he has no right in terms of laws.
  • #4,774
  • May 5, 2016 8:11am May 5, 2016 8:11am
Quoting Ken A
{quote} Ahmet resigned - good thing for TRY? {quote} You have the answer now EU was at the top range UJ was unknown
Does the market favor a hardliner.... uncontrolled ??
don't get in love with pairs ... up or down is the same pip value
  • #4,775
  • May 5, 2016 8:17am May 5, 2016 8:17am
Economic values in Turkey is not good.
There are big problems with the neighbors which affects goods exports, imports and tourism.
4 Million Russian were coming to Turkey each year for Tourism. The expectation this year is about 500.000.
Terrorism attacks are happening everywhere in the last months.
Turkey imports both gas and oil from neighbours. Lower costs helped the economy but it will not last forever.
In addition to these, FED's rate increase can harm the economy considerably.
Shortly, once usd/try falls it is a good opportunity to buy.
  • #4,776
  • May 5, 2016 8:31am May 5, 2016 8:31am
Quoting Don96
{quote} ​yeah I'm looking to get in soon. I'm in EU short atm
I'm in EJ, only half stops are above b.e now. not expecting much
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 7 KB
  • #4,777
  • May 5, 2016 8:33am May 5, 2016 8:33am
Quoting Hollyforex
{quote} Does the market favor a hardliner.... uncontrolled ??
The market favours stability over short-term instability and uncertainty created by a power struggle.
  • #4,778
  • Edited 9:30am May 5, 2016 9:15am | Edited 9:30am
Eu 1H close below 1406 would make me want to hold my short. Might regret it. Watching 1414 and 1388. NFP tomorrow is the wild card.
Curious. Do you guys try to position way ahead for event like NFP? Or get flat before and enter during/after event? Or play by ear each time warrants a different plan for entry/exit/sideline?
  • #4,779
  • May 5, 2016 9:46am May 5, 2016 9:46am
its at 1388.. this is where the rubber meets the road, one way or the other. april closed above. it should separate the men from the boys.
those who can, do. those who cant, talk about those who can
  • #4,780
  • May 5, 2016 9:50am May 5, 2016 9:50am
Quoting gatorinla
its at 1388.. this is where the rubber meets the road, one way or the other. april closed above. it should separate the men from the boys.
1.1388-1.1380
don't predict direction, but dance with flow of water
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