EURTRY $EURTRY Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: EURTRY is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
I am aware of the current geopolitical problems in the world and especially in Turkey.
Also the economy of Turkey has had a very hard time.
In 2023 there seem to be re-elections. Maybe if they get rid of Erdogan there can be a future.
Also 2023 is like the holy grail year for the Turks because they can "pump the oil out of the ground", because of a so called...
Firstly, a Perfect entry:
Secondly and most importantly:
EURTRY Long perfectly hedged the EURUSD Short from 1,23 to parity:
Not sure how impressed anyone might be but hey: professor proved the nickname with this set...
Not to mention that is also hedges EURAUD Short now (that has replaced EURUSD short):
Been killing it, couldn't have asked for more.
Been a great timing but after all that's how I try to stand out.
Much of my audience is 'Crypto only', others are 'against trading with leverage' and the worst category is ' I trade leverage but I have no idea how to do it right'...
All 3 categories have an EXPIRATION DATE:
Crypto only will lack understanding of the markets and I'm afraid to say the x100 x1000...
Allow us the Happy face and the good mood because simply, this was a PERFECT ANALYSIS and EXECUTION!
We are referring to this idea of ours back in May 9th (yes, we do trade what we post):
x20 in a classic Forex trade is something to be happy for and today we will take some profit.
It's not the first time we get EURTRY right, feel free to check our previous...
Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021
We had then calculated and prognosed with great precision the levels (rise to 15,7) :
The price has done us the favor then and normalized/consolidated around that level (15,7) :
At this stage, Central bank has kept the lira's rates unchanged (good news because...
Great trade that was again with a take profit hit at exactly 15,7 level as per our previous idea :
Turkish inflation has reached its highest level since Recep Tayyip Erdogan came to power almost two decades ago as the president’s contentious economic management sparks a surge in prices.
The country’s consumer price index rose 36 per cent year on year...
We like the Likes but sometimes they come where less expected.
Our post on the Turkish Lira volatility seemed to had hit the spot.
700+ Likes, over 40,000 views and hundreds of comments. Wow!
We hope to have even more Liked posts in 2022 (we know we will).
Thank you all and keep in touch.
the FXPROFESSOR 🦉✍️
Turkish Lira snapped a five-day rally yesterday, challenging government assurances that it’s on a more stable footing after measures were introduced a week ago to stem its collapse.
After the Epic rebound last week the worries seem to be returning.
As you can see on the chart, what used to be 3 Liras to a Euro became, 6 then 9 and now 12...after stopping first...
This has to be one of the biggest FX candlesticks of all times!
Turkish President Recep Tayyip Erdoğan on Dec. 20 announced a series of measures to encourage lira-denominated savings, easing the pressure on the Turkish currency.
In a televised speech following a Cabinet meeting, Erdoğan said the government would offer a new financial vehicle that would...