Tom_Killick
Short

USDTRY: Weakness In This Pair, Seeking Deeper Correction #Forex

FX_IDC:USDTRY   US DOLLAR / TURKISH LIRA
519 11 12
Traders

Seeing signs of a correction beginning in a bigger way. Seeking to short here, and seeking to short later on also into the intermediate, and lengthy correction. If we catch all of these, we will make great money.

Best of luck
Tom

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Twitter: TomKillick1
Ordusesi
a year ago
well its nice work but I dont expect no further then 2.75 on down.
Reply
Tom_Killick PRO Ordusesi
a year ago
Could stop here yes, if so, will TP at this stage.
Reply
Tom_Killick PRO Tom_Killick
a year ago
Will TP at this stage if people start buying positions there.
Reply
IvanLabrie PRO Ordusesi
a year ago
Even 2.75 is a super nice short with a tight stop.
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago
What matters is R multiples of the trade, not % move or duration of the trend.

Cheers.
Reply
ddp922 Ordusesi
a year ago
2.95 to 2.75 is still free money
Reply
IvanLabrie PRO ddp922
a year ago
Forget about the price, think in stop to entry compared to entry to profit target terms.
But yes, essentially...
Reply
IvanLabrie PRO
a year ago
Great work Tom, I'll give it a shot.

snapshot
Reply
It is very difficult to break the support at 2.88 Because Turkish banks waiting to buy around the levels under 2 88. I live in istanbul. I know that there is no production and export. We lost of all Russian customers. There are a lot of Isis terrorists on Turkey. Thats why tourism has been finished. Kurdish people are killed everyday East of Turkey. There is no tourist in Turkey now. There is no Dollar in Turkey now. Turkish banks waiting a big rise to 3.15 in 2 months.
Reply
Tom_Killick PRO IlyasBusraCabuk
a year ago
I think for you to know this, just by living there, would be amazing and new to me. I live in the UK, I know tourist figures, but I don't claim to know the valuation of GBP against a currency due to the country I was born in.

Tom
+1 Reply
IlyasBusraCabuk Tom_Killick
a year ago
We are the manufacturer of leather coat in Zeytinburnu, istanbul. Most of our customers are from Russia. But there is a big ambargo of Putin now. We can not sell any products to Russian customers. Not only leather coat. We have same problems with diffirent sectors. Vegetables, Fruits, textile, garments, nucleer electric central, banking systems, infrastructure, natural gas and other things. Tourism is very bad in Turkey now. Because everybody knows Turkey helps ISIS terrorists to kill Kurdish people. Turkey will be like Syria. Thats why there is no investment now.
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