Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

pastthepost

Shorting the Turkish Lire

Recommended Posts

Obviously, post coup and recent S&P downgrade, the Turkish lire will fall at least for the next few weeks.

 

So, taking a leaf out of Soros' book, could I short the lira?

 

I'm assuming there are controls against this sort of thing forbidding amateur investors from engaging in this sort of behaviour but I'm curious to hear about currency speculation.

Share this post


Link to post
Share on other sites
Obviously, post coup and recent S&P downgrade, the Turkish lire will fall at least for the next few weeks.

 

So, taking a leaf out of Soros' book, could I short the lira?

 

I'm assuming there are controls against this sort of thing forbidding amateur investors from engaging in this sort of behaviour but I'm curious to hear about currency speculation.

 

Yeah you can considering gloomy outlook on world growth and speculations that recession will soon hit Europe and maybe UK as well. You can start will small positions building them gradually as it moves in your favor. It is my strategy I use with Hotforex.

Share this post


Link to post
Share on other sites

The Turkish lire fell short term but didn't really go below its low against the dollar of Sept 2015.

 

After the news of the coup in Turkey, the TRL crashed but found support not long after. The 'dead cat bounce' will run for a short time and so perhaps a 'sure trade' til the market returns to just before the coup. From then on, who knows?

Share this post


Link to post
Share on other sites
The Turkish lire fell short term but didn't really go below its low against the dollar of Sept 2015.

 

After the news of the coup in Turkey, the TRL crashed but found support not long after. The 'dead cat bounce' will run for a short time and so perhaps a 'sure trade' til the market returns to just before the coup. From then on, who knows?

 

Think this might be a nice chance to buy on the deep? Or is it going even lower?

Share this post


Link to post
Share on other sites
Think this might be a nice chance to buy on the deep? Or is it going even lower?

 

Start buying on bottom and gradually build position as it moves against you cuz the bottom has to be somewhere near current levels. Coup was supressed so I think nothing threatens stability of turkish economy.

Opened another two 0.03 lot bids on lira with Hotforex lets see how it goes.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • @sxiqxx, Well done on making your first post a promising strategy. @everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...
    • Please allow me to retort (in jest): RESPONSE 1 : Get a job supervising others where you're in control of performance reports and ride those others 100%. This makes your performance 100% with little to no effort.   RESPONSE 2: Feel free to piss off your boss but stay nonviolent. When the side effects of his viagra and testosterone boosters cause him to physically assault you, you have the legal upper hand. This can result in a boatload of trading capital.   RESPONSE 3: Feel free to have intimate relations with your boss if she finds you attractive. Rest assured that mum's the word because once again, you have the legal upper hand. This can also result in a boatload of trading capital.   RESPONSE 4: Don't be fake friends with any enemies... unless you need information from them. Being fake friends with everyone will cause you to become an empty shell of a person with no direction in life.   REPONSE 5: Get your boss to become reliant on your performance (really, just the performance of your subordinates), and then plan an "overheard" conversation wherein you fake an interview with another potential employer. You'll probably get a pay increase or a promotion.   RESPONSE 6: If you can give your 75% percent to a project, give 50% and rely on your legal upper hand(s). Learn to write trading algo's during your other 50%.   RESPONSE 7: Take all of the office boys out to nightclub where you merely sip soft drinks on a weeknight. Upon your return to the office in the morning, inform the security guards that all of the office boys are intoxicated. Your boss will love you for it.   RESPONSE 8: Never try to prove your client wrong or find faults in their processes, but do secretly collect their information in case you jump ship or "someone you know" decides to start his own company.   RESPONSE 9: Never stay in a firm for too long. Instead, use your ill-gotten capital to exit the rat-race and start trading.   RESPONSE 10: Trading pays more than your career. Interpersonal skills are now irrelevant. Use your technical skills for trading. Never stop learning and keep updating your technical skills.😁
    • There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
    • Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.  
    • In my opinion these candlestick charts are more easier to understand as compared with the other charts.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.