USD/TRY, powerful move is comingYou will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
USDTRY
DXY Apex for Market Opening 6/28Coming into the Asian session, I will be focused on 97.74 to break, which i highly suspect won't. Mostly likely this will range and reject 97.5 (key-level) at least until the first bit of price-actioon comes into the market for the U.S. dollar. Once this 4-hr descending trend-line is broken, I expect 98 to be met soon, with 100 & 103.5 as upside targets (weekly timeframe)
Will the Elliot Triangle Wave Pattern Work for "$CIMSA" Again?What to-look for ?
Follow up the trend and seek for possible position entries.
Set that yellow triangle as your safety stop.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
#XU030 #BIST30 #VIOP - #ErayErgunBasitlik en iyi ve kararlı analiz şeklidir.
Grafikte de görüldüğü gibi düzeltme beklentisindeyim.
Pandemiden dolayı oluşan düşüşün yukarı yönlü düzeltmesi tamamlandı diyebiliriz, sırada bu soluksuz yukarı çıkışın hafif bir düzeltme yapması.
Bunda en etkili olan şeyler sırasıyla; Kar alma, yabancı yatırımcı kaçışı, MSCI'ın üstümüzde kurmaya çalıştığı baskı, 2. Dalga Tehlikesi ki bu en önemlisi diyebilirim.
#USDTRY - Kısa - Orta VadeDolarTL 1 saatlik grafiğe göre konsolidasyon yapmış durumda. Günlük ve Haftalık grafiklere bakarsanız orda da sıkışmalar yaşandığını görebilirsiniz.
Bu sıkışmanın yukarı yönlü kırılabileceğini rahatlıkla söyleyebilirim. Bunda etken olan olarak Türkiye piyasasından kaçan yabancı yatırımcıların yüksek etkisi var.
Önümüzdeki 10 günü(25.06.2020 - 04.07.2020) dikkatle takip edilmesi ve ona göre pozisyon almamız oldukça önemli
USDTRY waiting for our trigger to sellUSDTRY is sitting around a strong supply zone in blue so we will be looking for objective sell setups.
this one formed an objective channel in red and broke its lower red trendline downward, but we didn't sell yet, as we are waiting for a momentum candle close below its last swing for more confirmation.
we also have a regular bearish divergence adding more confluence to our sell setup.
USDZAR Short Trade Setup! Welcome to Profitlio Trading!
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Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
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ridethepig | TRY Market Commentary 2020.06.15📍 The panic leg here is because we are reaching the endgame in the economic cycle. There is a risk of Turkish banks defaulting on this leg so watch-out for any exposure to specific sectors. If the operation demonstrated is a successful attack, then we have the final ✅ for those trading the macro move called last year:
EM FX looks extremely vulnerable for any overshoots on the risk front, local banks have been attempting to protect the 6.80x, if we can hold for today then we will start to see momentum kicking in. Turkey looks awful on the fundamental front and political too, a complete disaster mismanagement of the crisis.
The main thing is that 7.80x should be restrained via Fed => the attack on the final base can be brutal .. let's see if it plays out.
USDTRY potential bearish reversalon DAILY: USDTRY is still trading around its all-time-high so we will be looking for objective sell setups on lower timeframes.
on H1: USDTRY formed an objective channel in red and it is approaching a minor supply zone in blue so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell.
meanwhile, until our sell setup is activated, USDTRY would be overall bullish and can still test the upper green round number 7.00 before going downward.
Did The Stock Market Correction Vanish or Is It About To Happen?Did The Turkish Stock Market Correction Vanish or Is It About To Happen?
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Probable Further Move DownRSI Divergence is observed and RSI Value is below 50 and may decrease to even lower
Colored Directional Movement Indicator
-shows that trend already reversed few bars before
-but the strength of the trend slows down and does not really give any idea of the direction of the trend for the moment (even if negative direction index > positive direction index for time being)
Price Action is in between Bollinger Band Clouds, price may touch upper bb cloud and is most likely will aim to touch BB Cloud. Trends weeks is a sign for such a movement
Momentum is in a Squeeze phase
This not necessarily mean an overall trend reversal but could be observed as trend correction is not finalized yet
Please do your own research, analysis given herein does not constitute a financial advise
You've Been Played This Whole Time by YOUR I.B.I'll explain it from every detail-- the full circle from start to finish. The times have changed for the retail trader, and in essence scalping and day, trading has, in essence, become a complete waste of time for the average person looking to make even a small gain in the FX market. In the last 6 years, day trading and scalping have become worthless strategies, only done by those who are ignorant to the situation behind the scenes that makes of a huge negative feedback loop full of conflicts of interest with one goal; to take the retail trades money. As swing traders, we are the only type of trader that is left. We let the market tell us what to do, not the other way around. It is obvious that a market that is stuck in a range, is impossible to trade for a profit. The biggest mistake one can make, is only trading one asset class, and only 1 timeframe. This is the most obvious mistake that most new traders make. Learning to trade the timeframes that are significant to volatility in the market and by diversifying to multiple asset classes.
Volatility is a traders lifeblood of a trader. Since 09', volatility has been absolutely crushed. Without volatility , there is no risk and opportunity (sides of the same coin). This means returns peter to 0. The question is, why has volatility been crushed? There are a few reasons: quantitative easing, the advancement of algos, and expanded participation.
The monetary policy introduced by the FED after the 08' recession was quantitative easing QE ). Essentially, QE means that central banks increase the supply of money by buying government bonds and other securities. What does this mean? It means a guaranteed buyer of bonds, which suppresses yields permanently, feeding over into other asset classes since the market begins to look for other opportunities (chasing yields) which ironically only suppresses yields further.
Technology: Volatility has been suppressed by the advancement of algos and automated trading stations. An increase in algos over the last 8 years has dramatically increased the number of market participants. How does this affect volatility? It's simple: more willing buyers and sellers mean that the equilibrium in price is considerably more stable, thus decreasing the natural fluctuation in the price of an asset at every single price.
Dec 08
Comment : Now how exactly is the market rigged against the retail trades? I'll explain every dynamic. I'm going to assume you understand what a CFD is and how a margin call is determined through an over-leveraged exposure to the market with your accounts equity ( google these if you are new).
Now how exactly is the market rigged against the retail trades? I'll explain every dynamic. I'm going to assume you understand what a CFD is and how a margin call is determined through an over-leveraged exposure to the market with your accounts equity ( google these if you are new).
Let's think about the problem that an international broker has as a business. Keep in mind, over 90% of their clients losing all of their deposited funds within 3-4 months, how does this business even grow? If you own the brokerage company, you have to spend a significant amount of money (between 30-50%), towards customer acquisition. This is the only way you can stay at the same level. Now, this is where conflicts of interest begin. What do you think happens when a broker has access (backend) to 90% of let's say 10,000 traders who always are losing money? You take the opposite side of their trade. Why? You would have a 90% win ratio. With an average balance of a few thousand dollars, most retail traders tend to blow up in just a few days when trading over 100x.
The way that the brokerage industry works, is that it is built around major conflicts of interest. This creates a scenario because all players are aware and build the infrastructure for their benefit not yours. A retail trader has one simple objective, to make money through profitable trades in the market. Wallstreet's intentions are to take retail traders money.
There are 4 main conflicts of interest I will discuss.
Spread. What is spread? The spread comes from the guaranteed purchase or repurchase (short) of an asset, through a profit in the difference of market value and the price. The cost of guaranteed liquidity is through the broker being offered a price that they can make a profit on. If a broker has two clients, the client a is relieved of their position at $1, and client b is then sold that position at $2, making a profit of 1$ by providing the liquidity. This is called "taking a turn".
Commission: A percentage of a trades price to enter in and out.
The two most obvious conflicts of interest here is that the amount of volume is dependent on the amount of profit for the brokerage. Brokers want the retail trader to trade in the biggest position possible as much as possible. Now the answer to the question as to why a brokerage would lend you 100x to trade with becomes obvious; they get paid.
The next two are not so obvious.
Over the counter contracts are unregulated. When a losing contract is provided liquidity from the broker to a losing retail trader, taking the other-side of this contract is called "OTC Gain".
"Financing Turn" is the money made from the percent difference between borrowing from creditors (banks, investors) to finance leveraged grading and the percent charged to clients. IN essence, this is the ability to charge 100X of commission for an account with X dollars.
Who finances a brokers ability to lend money, comes from an investment bank. Through collateralized debt, a revolving credit facility can be formed and thus farmed for credit from retail traders. The only reason this makes sense is through the deposited funds from retail traders themselves. These funds are again collateralized and used by the investment bank. IN essence, retail trades deposit money, which sponsors the broker to be lent money by their investment bank at a % higher. Retail traders essentially finance their own financial demise. With over 90% of traders losing money, a brokerage is incentivized to borrow as much money as possible to profit from the financing turn of their clients. This is where the introducing broker ( IB ) comes into play.
A brokerages revenues come from the addition of spread, commission, financing turn, and the OTC gain.
Retail brokers are incentives to create a narrative that increases you changes of losing money. They are heavily invested to make retail traders believe in scalping and high volume trading strategies, so that you can get rich quick.
Let's break down the chart.
-Investment Bank: Provides credit and clearing to the brokers. Order-flow is created here.
-Broker: Providing access to platform and software, access to credit, and fulfilling liquidity (that you wouldn't get as a retail trader anywhere else). This means that a retail traders has to use a broker; necessary evil .
-Educator (introducing broker): Educators are paid by a broker commission on every trade you take. They will glamorize the lifestyle of quick and easy money, becoming a millionaire from a $600 account. Providing a simple strategy using 4 indicators, with a simple buy and sell execution plan around it.
-Retail Trader: Dumb money. They believe everything that their educator and broker tell them. They pay spread and commission, and provide the demand for financing/leverage, losing trades, and for a false narrative.
-Smart Money: Believe none of the participants in the entire market who have conflict of interest.
Who are the biggest clients of exchanges? Investment banks.
Smart Money (professional traders)
-understand how the market works
-understand that conflicts of interest exists
-avoid trading in the way that anyone with conflicts of interest want them to trade
do everything in the opposite way to the how retail traders do things.
Dumb Money (retail traders)
-believe everything they are told and rely on the infrastructure provided to them by market participants with conflicts of interest.
-believe the infrastructure has been built and designed to benefit THEM.
-they do everything in the opposite way to professional traders.
Smart money requires dumb money to exist. Smart money predicts the future (whisper numbers). Dumb money reactions to the present and wealth is thus transferred. The biggest payers of feeds to exchanges are investment banks, hedge funds and pension funds.
Pre-FOMC: Dollar to Rally on Second Wave Scare?The highlight of the week for liquidity will be the FOMC rate decision in 4 hours.
5 things to watch in today's press conf:
1) Optimistic or pessimistic forecasts?
2) Support for the economy
3) Negative rates
4) Bubble trouble?
5) Urging fiscal stimulus
Conclusion
The next big moves in markets depend on the Fed. Optimism and commitment to act would boost stocks and weigh on the safe-haven dollar while pouring cold water —in various ways— would send stocks tumbling and would cause the DXY to make a bullish comeback.
14:10:55 (UTC)
Wed Jun 10, 2020
USD/TRY in a Rising wedge.Hey, I am back with another Forex idea as I said, that I will deliver a one Forex Idea every working day.
Let's get into chart.
Basically USD/TRY has printed a rising wedge which is considered as bearish pattern and is expecting the price to see a spike down.
RSI has also printed a bear flag, overall this seems like a good trade.
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The Turkish lira eases against the US dollarThe Turkish lira eases against the US dollar in the recent sessions following its persistent attempt to recovery. The USDTRY exchange rate is currently seen gradually moving up today but it’s widely expected to turn bearish once again in the coming sessions as the buck buckles. It was recently reported that Turkey will now continue to back investments in the country that will reduce the number of imports and increase exports. This was according to Turkish Treasury and Finance Minister Berat Albayrak, citing the latest announcement of the Turkish Central Bank to start reallocating its Turkish lira rediscount credits for local firms. According to Albayrak, around 400 million Turkish liras or 59 million US dollars would be given to businesses with a maximum maturity of about 10 years. Meanwhile, the US dollar’s strength continues to deteriorate as the risk sentiment continues to prosper, raising talks about how long its dominance will last.