USDTRY - Play the carry

FX:USDTRY   U.S. Dollar / Turkish Lira
308 6 4
At an overnight rate of 8.25%, there is nothing left to say about the chart, because it doesn't really matter.

The chart is not very bearish , and it is not bullish either. We have a possible double top on the weekly and the daily broke below a support area . The less volatile this market is, the more money you will make.
closed out on 05.11.2014 at the end of the day. Overall I broke even on the trade, and that was due to a mistake I have made by closing most of my position by mistake
30.10.2014 added to short
27.10.2014 added to short
Or maybe sell EURTRY. Or just sell both. :-) Carry is extremely good in TRY, and in fact the drop in Oil prices helps Turkey a lot, as they are big importers. Now they have a better ballance. Anyway I have been holding some strategic short EURTRY for a while. A lot better short position than shtty no carry CZK, HUF and PLN.
My next tgt will be USDRUB, I sold really small just to start watching that too, but not yet a real short signal.
vlad.adrian Kumowizard
me too, I have a short in USDRUB. It's probably bigger than it should but too late now
vlad.adrian Kumowizard
shorting eur/try surely makes a lot of sense, as we'll probably stay in that range a long time from now
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