Trading Idea: Carry Trading profitable with Oanda

[rhodytrader]

Originally Posted by topchess

There is no danger...

Hmmmm. How many times have traders thought that and had danger crop up?

Obviously, there's a huge carry opportunity here, but there are reasons why the Turkish rates are so high. We need to keep that in mind. There are definite political and economic risks. This is a developing economy, not one of the industrailized nations.

[CharlesLioe]

i just calculated, you need about one full day of interest every 10 pips of loss, so if it goes 100 pips against you, but no more, hold the position for 10 days and you got the money back

[topchess]

Clearly agree with you!
It is developing country, and there is always risk.

I didn't mean "No danger" that way, ofcourse there is, but not at this moment or time.

All we can do, just watch Turkey economics closely and get out If any trouble occured.


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Nice calculation, however 100 pips is not that big move for the pair. I will try to merge analysis with interest-taking but I cant find it in MT4 currencies, any suggestions how to find a MT chart for this pair?

Thanks!

[CharlesLioe]

I let it run over the weekend, not only did it gain interests, i also am 240pips (now @ 259) ahead now!!
topchess, thanks alot, without you mentioning EUR/TRY i wouldnt have gotten into this thing

but i expect it to reverse soon, it hit the 2nd bollinger band aah...too bad things can't run like this forever

[topchess]

When the profit is reasonable, take it. and sell another rally.