image Why not...

USD/TRY

Christmas Eve. image Merry Christmas to traders all over the board!

USD/TRY

Thursday, Dec. 23. I already mentioned how I was focusing on long DIBS trades on this chart. However, since the peak price of 252.35 on Dec. 7, there have been at least two textbook examples of short DIBS entries on the chart. This could indicate a ...

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Thurs. Dec. 23/2021. What a difference a policy decision makes! image Of course, there may be other decisions going on behind the scenes, and those may be strengthening the lira's overall position.

USD/TRY

Wed. Dec. 22/2021 image

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Wednesday, Dec. 22. image

USD/TRY

Tuesday, Dec. 21... image

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Tuesday Dec. 21. image The pullback for the USD/TRY continues...

USD/TRY

Monday, Dec. 20. It appears we have breached the support level created by one of the previous (long) DIBS entries: image

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Monday, Dec. 20. Erdogan tries to alleviate the pain of impending inflation... image

USD/TRY

Turkey's stock exchange plunged 9% on the day. image

USD/TRY

AFTER FRIDAY'S TRADING: image

USD/TRY

Have a good weekend, traders! image

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Friday, Dec. 17. image The "consolidation area" continued today. It will be interesting to see how long it takes for a serious pullback in prices here.

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Way back when I started I mentioned that (i) I was actually going to back-test the prices using the Turtle Trading method (which I was reading about at the time) and (ii) I was only going to focus on longs at first. (I am not a full-time trader, so ...

The DIBS Method... No Free Lunch continues

Thursday Dec 16: image

USD/TRY

Thursday, Dec. 16. We're all familiar with the phrase, "as much as the market will bear." That is to say-- how much higher will prices go? In this chart I've drawn two dashed blue lines on the right side to form a sort of (imagined) consolidation ...

Futures: Energy, Metals, Grains, Soft, Indices, Rates

image Source: Coffee Futures Calendar - CME Group

Futures: Energy, Metals, Grains, Soft, Indices, Rates

Wed. Dec. 15/2021 image

Futures: Energy, Metals, Grains, Soft, Indices, Rates

image Wednesday, Dec. 15 (after trading).

USD/TRY