Tom_Killick
Short

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

FX_IDC:USDTRY   US DOLLAR / TURKISH LIRA
523 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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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.
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Tom_Killick PRO IlyasBusraCabuk
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
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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Great work Tom, I'll give it a shot.

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

Cheers.
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ddp922 Ordusesi
2.95 to 2.75 is still free money
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