Doesn't seems like the Euro rally going to stop anytime soon.
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- Aug 4, 2011 3:41pm Aug 4, 2011 3:41pm
- Joined Apr 2007 | Status: Evil Kraut | 2,743 Posts
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DislikedGuys, if somebody likes forex rollercoaster EURCHF is a perfect pair for trading.
The pair downtrend stays intact however huge volatility is still on its way…
Honestly, SNB intervention was nothing unexpected. Very dear frank is not good for Swiss economy. Only swiss holidaymakers enjoy cheap hols.
[font=Verdana][size=2]I have experienced loads of SNB interventions in the past and they always used to do it out of the blue. It's...Ignored
DislikedI use about 1.5%, so its not horrible.. but then i went and added in more shorts while it was still going up, thinking they would be safe, but alas all taken... :-( About -5% today as a result...
Didnt stick to my rule of 2 losses and out, cos i was sure they would work out in the long run... Now im wondering if its time to go again, but fingers still burning.... and who knows WTF its gonna do...Ignored
DislikedI am so sorry for your trade, Jazznos. The old saying says “the biggest enemy of a trader is… himself.Ignored
DislikedThat wasn't intervention. What was it...?
I think we'll see real intervention when swiss economy collapse around 1.00, 5000+ pips in a dayIgnored
DislikedRemember guys, tomorrow we have very important Non-Farm Employment and it could have a huge impact on all pairs, indexes and trades.
Anything can happen.
Non-Farm will definitely set up a future trend for next week or two.
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Good news for US economy and EURCHF goes up, bad news and you guys can wave bye-bye and forget about 1,100 level.
Welcome to 1,0600 zone.
If EURCHF hits 1.0600 we can expect ECB to make us another tricky intervention.
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The strenght...Ignored
DislikedRemember guys, tomorrow we have very important Non-Farm Employment and it could have a huge impact on all pairs, indexes and trades.
Anything can happen.
Non-Farm will definitely set up a future trend for next week or two.
------------------------
Good news for US economy and EURCHF goes up, bad news and you guys can wave bye-bye and forget about 1,100 level.
Welcome to 1,0600 zone.
If EURCHF hits 1.0600 we can expect ECB to make us another tricky intervention.
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The strenght...Ignored
DislikedI dont agree. I've seen enough NFPs that had no big effect, or were already priced in.
(...)
You really think, NFP is that important in this context?
I laugh my ass off when I hear some currency experts still proclaim, the importance of america as THE BIGGEST ECONOMY of the world, blabla.... bull****.Ignored
DislikedBut ofcourse what I just said is very longterm... But from the view of a daytrader you might be right about short term effect of tommorows NFP...
but lol look at short term effect of the two interventions we had yesterday....Ignored