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USD/TRY

  • #701
  • May 6, 2016 3:21pm May 6, 2016 3:21pm
Quoting asgcorp
no spikes in exotics. is that right? USDTRY 2000+ points move in here when the mofo in glasses resigned. {image}
Yes asgcorp but you're assuming that this particular spike would have made me exit. From what I've seen, the spikes on exotics look very manageable for me. Obviously everyone has their own methods and some pairs will work better for others, etc.
  • #702
  • May 6, 2016 3:24pm May 6, 2016 3:24pm
I'm not assuming anything just saying that exotics can wipe you out just as fast as regular fx majors.

having said that exotics do produce very clean price action setups and generally ta-friendly, that's for sure. Very underrated also.
  • #703
  • May 6, 2016 3:25pm May 6, 2016 3:25pm
Quoting raiders
{quote} I was looking at the peso this morning too lol I want to drop the mother of all shorts on that thing but the damn spread is a killer if youre in it though im looking at 17 easy. maybe monday will give me something better to work with spread wise but as of right now...ouch
raiders, I'm looking to sell if prices gets around 17.9057 or so.
Attached Image (click to enlarge)
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  • #704
  • May 6, 2016 3:27pm May 6, 2016 3:27pm
Quoting asgcorp
I'm not assuming anything just saying that exotics can wipe you out just as fast as regular fx majors. having said that exotics do produce very clean price action setups and generally ta-friendly, that's for sure. Very underrated also.
They're underrated, and I don't know if that's a good thing or a bad thing. I mean, would its 'personality' change if it were to become popular? I have no idea...
  • #705
  • May 6, 2016 3:28pm May 6, 2016 3:28pm
USD MXN is a definite short already, it gave a pretty solid setup on H4.
  • #706
  • May 6, 2016 3:29pm May 6, 2016 3:29pm
Quoting ohyeah
{quote} They're underrated, and I don't know if that's a good thing or a bad thing. I mean, would its 'personality' change if it were to become popular? I have no idea...
look at EUR USD. The most crowded fx market in here. And I won't touch that one at any rate.
  • #707
  • May 6, 2016 3:31pm May 6, 2016 3:31pm
Quoting raiders
The only thing im holding right now is a eurgbp short that i think is good for a quick 60 or so pips. but im thinking of cutting bait on it and just waiting to see how sunday/monday goes
On M15, if I were in a sell, I'd be looking to exit that short around 0.7890. It's looking like a buy setup for me but I'm not sure yet. I will wait and see how it looks next week.
  • #708
  • May 6, 2016 3:32pm May 6, 2016 3:32pm
done. thanks for a heads up. ))

Only doing a small lot in here since I don't trade UMXN overall.
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  • #709
  • May 6, 2016 3:34pm May 6, 2016 3:34pm
Quoting asgcorp
USD MXN is a definite short already, it gave a pretty solid setup on H4.
Hmm, on my end, things still look bullish on the higher time frames but then, I don't trade the higher time frames. On M15 though, it looks like a sell setup on my end but only if I can get a good value which I think 17.9057-ish should do.
  • #710
  • May 6, 2016 3:36pm May 6, 2016 3:36pm
Quoting asgcorp
done. thanks for a heads up. )) Only doing a small lot in here since I don't trade UMXN overall. {image}
Cool
  • #711
  • May 6, 2016 3:36pm May 6, 2016 3:36pm
raiders thanks for a heads up on UMXN I'll prepare arrangements if this goes smooth.
Attached Image
  • #712
  • May 6, 2016 10:42pm May 6, 2016 10:42pm
Quoting asgcorp
raiders thanks for a heads up on UMXN I'll prepare arrangements if this goes smooth. {image}
HAHAHA I think its a great trade. Im hoping to get in monday. My spreads on fxcm were litteraly bouncing between 20-70 points around closing time. NFW was i gonna even bother. But I have 17.3ish as a good target and if its impulsive then 17 is easy after the pullback
  • #713
  • May 6, 2016 10:45pm May 6, 2016 10:45pm
Quoting ohyeah
{quote} Hmm, on my end, things still look bullish on the higher time frames but then, I don't trade the higher time frames. On M15 though, it looks like a sell setup on my end but only if I can get a good value which I think 17.9057-ish should do.
on both the 4h and the 1hr i have them completing a wave. so even if its just a correction I think 17.4-17.3 should be ok. Which I think is right around where your rising trendline is
  • #714
  • May 6, 2016 11:12pm May 6, 2016 11:12pm
Quoting raiders
{quote} on both the 4h and the 1hr i have them completing a wave. so even if its just a correction I think 17.4-17.3 should be ok. Which I think is right around where your rising trendline is
Okay I'm confused, are you buying or selling?
  • #715
  • May 6, 2016 11:34pm May 6, 2016 11:34pm
Quoting ohyeah
{quote} Okay I'm confused, are you buying or selling?
selling...if the spread is reasonable
  • #716
  • May 6, 2016 11:42pm May 6, 2016 11:42pm
Quoting raiders
{quote} selling...if the spread is reasonable
Oh okay, yeah that's what I'm doing too. The spread really isn't bad. If I simultaneously look at USDMXN and GBPNZD, the visual distance between bid and ask is the same.
  • #717
  • May 6, 2016 11:46pm May 6, 2016 11:46pm
Quoting raiders
{quote} selling...if the spread is reasonable
The chart on the left definitely looks better to me.
Attached Image (click to enlarge)
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  • #718
  • May 6, 2016 11:53pm May 6, 2016 11:53pm
Quoting ohyeah
{quote} The chart on the left definitely looks better to me. {image}
crazy how much smoother pa is in that USMEX pair...so easy to see the moves
  • #719
  • May 7, 2016 12:07am May 7, 2016 12:07am
Quoting raiders
{quote} crazy how much smoother pa is in that USMEX pair...so easy to see the moves
Yeah, the PA definitely looks much easier to trade. I've been weeding through the Exotics since I just spotted this pair and I found a few other good exotic pairs that I posted in some other previous post.
  • #720
  • May 7, 2016 12:11am May 7, 2016 12:11am
the nok and sgd are really nice too. plus the fundamentals are very easy to decipher. news on them is a bit tougher to get though
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