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EUR/CHF

Quoting Vantage
Why fight the trend buying? I agree with central bank intervening its no longer the 1 way bet that it has been of late but 4hr chart still clearly on lower highs, lower lows.
And there's still the flood of money looking for a safe haven. Whilst chf have previously defended their currency for short periods they don't have the money for an extended fight?
Quoting Vantage
Why fight the trend buying? I agree with central bank intervening its no longer the 1 way bet that it has been of late but 4hr chart still clearly on lower highs, lower lows.
because these are the typical stops hunts in sequence that signal a reversal is close
Quoting fammira
because these are the typical stops hunts in sequence that signal a reversal is close
OK, I still believe theres a wall of euro zone money looking for a safer home. The trend down is in tact and I'll focus on that, good luck to us both!
Quoting fammira
because these are the typical stops hunts in sequence that signal a reversal is close
I agree. Went long at 1.0530 again after my stop below 1.07 was hit.

CHF is NOT more safe than other fiat currencies.
Quoting Vantage
OK, I still believe theres a wall of euro zone money looking for a safer home. The trend down is in tact and I'll focus on that, good luck to us both!
you may be right, but a sign from SNB will ultimately arrive, that would be the tigger and the rise will be much quicker than the drop as short squeeze do happen this way, usdchf should be trading above 1 this year end, EURCHF will move to 1.15 - 1.20 without big retracements
Quoting fammira
you may be right, but a sign from SNB will ultimately arrive, that would be the tigger and the rise will be much quicker than the drop as short squeeze do happen this way, usdchf should be trading above 1 this year end, EURCHF will move to 1.15 - 1.20 without big retracements
Are you saying this based on your sentiment (because you are long), or you are based on real facts?

To be honest I think the same way - it will rise, but SNB is needed.....
Guys, instead of SNB intervention I’d rather be watching closer for today’s FED statement where Ben Bernanke will have a tough job to do:
to calm down the whole investors’ world.

I am expecting something like: Guys, take it easy, it doesn’t look so bad, it’s ok, don’t panic, everything is ok (even if it isn’t in fact)
Traders around the world are desperately waiting for such words.
Well, then they will rush to buy stocks and bonds and currencies as they haven’t been so cheap for a long time.
And tomorrow for a day or two we can see green color on all markets around the globe, also for EURCHF going up!

For me as a trader it’s fckng boring, as I can’t apply my technical analysis into my trading.
All formations, patterns, support and resistance lines are kicked out of their regular orbit and it will take a while until they get to settle down.

So nothing new until 7.15pm GMT
Read Charts - Not Papers
Closed the trade last night for 180 pips.

Here is the most important event today

FED STATEMENT AT 2 P.M Eastern time. EVery time when the FED meeting, the USD toast! just give you guys a hint!

Happy trading
Quoting me-me
Are you saying this based on your sentiment (because you are long), or you are based on real facts?

To be honest I think the same way - it will rise, but SNB is needed.....
I am not long
not yet

I know history never repeats in the same way, but if you observe AUDUSD, USDCHF and USDJPY, they are all came to multiyear high (lows) levels
frequent stop hunts like the ones we are seeing these days USUALLY happen before a big reversal
volatility increase, before these stops, most of the traders were short CHF, now they are scared and turning short, that's when the big reversal happen

my suggestion is to slowly add to a USDCHF or EURCHF long position, don't buy at the market but keep entry levels 100 - 200 pips lower than current levels (as more down moves may happen according to the total pending positions), and slowly increase

now talks about coming parity in EURCHF are increasing, another sign that we might not be far the beginning of the bounce, and it will be quick, the trigger could be any news, I don't really know.
if you spread the risk and slowly accumulate, you will be well rewarded here
Quoting halkins
Guys, instead of SNB intervention I’d rather be watching closer for today’s FED statement where Ben Bernanke will have a tough job to do:
to calm down the whole investors’ world.

I am expecting something like: Guys, take it easy, it doesn’t look so bad, it’s ok, don’t panic, everything is ok (even if it isn’t in fact)
Traders around the world are desperately waiting for such words.
[font=Verdana]Well, then they will rush to buy stocks...
if he would be out with such a word, market would be scared to death and more losses will come
they want action, even QE3 would be better, it would lead to sell off and then recovery, because market wants real news not uncertainity


the monthly eur/chf chart

the fibb targets reached. this area will have my attention.
Might be a good buy to cover the parabolic drop on top of the SNB intervention talks...
As I analized last night, the EUR/CHF continues to decline another 300+ pips and now hovering around 1.01 level. Should stock traders continue to sell off across the board, this pair will continue take out parity and to the mid .90 level. Remember, the trend is your friend.

Happy trading!
Quoting Klforexr
As I analized last night, the EUR/CHF continues to decline another 300+ pips and now hovering around 1.01 level. Should stock traders continue to sell off across the board, this pair will continue take out parity and to the mid .90 level. Remember, the trend is your friend.

Happy trading!
Buck the trend buy the slump :P
Someone is going to look great buying the low, but then that's not what its about. Sell the rallies until this trend is done.
I'm impressed by the CHF strenght! There are no support and there are still many people who are buying this at these levels, like gold etc.
Looks like intervention again right on London open like a few days ago.
Quoting Vantage
Looks like intervention again right on London open like a few days ago.
Intervention?

I'm very disappointed with SNB moves. They have very strong weapon in their arsenal - FEAR! The worst speculators fear is to lose money! Instead of this SNB repeat "Our primary target is inflation"... If SNB continue with that politics we will see 0.5eur = 1 chf at the end of the year... and "milka" chocolaty will be 10euros

I saw yesterday in exchange office, ordinary people sell euros and buy Francs... on all TV station across eastern Europe, every night you can hear about "Swiss francs strength, stability of francs" They spreed fear "Euro is doomed"
TV station and journalist will be responsible for massive lose of live saving of most of people who buy this over valuated francs because ordinary people buy foreign currency long-term.
Quoting random8
Intervention?

I'm very disappointed with SNB moves. They have very strong weapon in their arsenal - FEAR! The worst speculators fear is to lose money! Instead of this SNB repeat "Our primary target is inflation"... If SNB continue with that politics we will see 0.5eur = 1 chf at the end of the year... and "milka" chocolaty will be 10euros

I saw yesterday in exchange office, ordinary people sell euros and buy Francs... on all TV station across eastern Europe, every night you can hear about "Swiss francs strength, stability of francs"...
And we all know when the man in the street and the general tv news is onto it that's getting to the end of the trade.
Fundamentally is Euro Zone really in the trouble, especially at Italy, Spain, and Portugal. These countries really in cash-trap and the ECB can't bail all of them out!

Technically the EUR/CHF is in 4th WAVE of Elliot WAVE. The third Wave was finished at 1.01 yesterday and now the pair is zig-zag and waiting for the 5th wave to resume. Be really to sell again guys.

Happy trading!
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