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TomProTrader
Dec 25, 2015 1:02 PM

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

U.S. DOLLAR / TURKISH LIRAICE

Description

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

NOTE: I have discounts on personalized online and video tuition, and signals packages over Christmas! Message me here on Trading view or email me with email address provided on my Trading view page for more details.

Thank you.
Comments
ilyascubukcu
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.
TomProTrader
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
ilyascubukcu
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.
IvanLabrie
Great work Tom, I'll give it a shot.

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

Cheers.
ishstar
2.95 to 2.75 is still free money
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