How to See the Markets?

Sugar is a good example of the strongly trending asset type mentioned above. It has been trending lower since early October of 2016. Not ever correcting in the technical sense. It did move in a range from June 2017 to January 2018 only to continue its steady decline. This is the type of trade one enters in such turbulent times. It is strong, persistent and reliable. We set out profit exit points today at between 11.91 and 11.58 with stop losses between 12.51 and 12.88. This trade is good for the near to long term.

Another strong, reliable and very persistent trade the USDTRY long position is good for the hour, day, week and month. The chart is truly a beautiful sight to these traders’ eyes because it is indeed very steep and has been in train for well over 9 years. It is a simple idea to grasp too because the causes are clear and understandable. Turkey has become dominated by a semi dictator. Paranoid, brutal, ruthless and manipulative of his own people. He has fueled a larger proportion  of the nation’s growth with what has up until recently, cheap foreign debt which is in the process of turning more expensive as US interest rates rise. The currency and the nation are exposed to the merciless judgement of the capital markets. We to take advantage of this exposure to continue to trade the pair up and in so doing profit from the folly that is Turkey today.