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  • EUR/CHF: 20b+ in stop-loss sell orders between 1.1980/99

    From forexlive.com

    If you’re long EUR/CHF, it might be worth considering a square-up before the weekend just in case those stops get smashed on Monday morning. I’m sure you’ll be able to get back in at similar levels on Monday morning? Another question worth considering, is whether the SNB have credit limits in place to handle that amount of turnover? On a Monday morning? Too risky for me this pair, best avoided, sit back and wait for trading opportunities imho.

  •  Guest
  • | IP XX.XXX.151.110
And what happens Monday morning that's so influential to this pair?
  •  Guest
  • | IP XXX.XX.254.4
Where can I find this order?
get lost forexlive.com
The Market pays you to be disciplined
I believe this.
Quoting mima
get lost forexlive.com
copy that, like a sir!
trading is my zen
The boys at Forex live really do hate the long EUR/CHF trade! I'm guessing they were caught short during the last intervention!!
nothing gonna happend on monday, so dt get worry about it, forexlive is not a part of SNB.
He is just telling you the truth - Many people is long EUR/CHF now (hoping SNB intervention). So the stop loss is naturally placed at 1.1980/99. If it gaps down during weekend (greek deal will be done by this weekend???). All stop loss will be triggered. It may miss you stop loss may drop straight to 1.1900-1.1950.
  •  Guest
  • | IP XXX.XXX.4.88
think again.. what if SNB intervene during this weekend ...
Your gap-down scenario assumes the SNB is asleep and/or unwilling to act prior to 1.20. Unlikely IMHO.
This might be other way around '' stop buy orders are in place ''''' BEWARE '

why one would risk against when its within reaches ' heeeee common don't try to fool retail traders ' you morons
finding A M S
  •  Guest
  • | IP XX.XX.176.153
there is no intervention unless market goes down in a big way, therefore, the stop loss order seems logical. they sell, and qucikly drop the market 50 pips or so and right away buy and hold for intervention and make money again.
yep definitely stop hunting is the only logical way.....I doubt whether snb will give all this lazy dudes who are conviniently long some easy money...I don't believe they are that dumb.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
Quoting Guest
there is no intervention unless market goes down in a big way, therefore, the stop loss order seems logical. they sell, and qucikly drop the market 50 pips or so and right away buy and hold for intervention and make money again.
that would be too risky if SNB steps in between ' its not like BOJ intervention to hedge it and close when market goes down ' its chf and most overvalued currency hence SNB would be keen on moving the Slab to 1.25 rather
finding A M S
The SNB has publicly stated they will defend 1.200 at any cost, so I'm not sure if they're in the market yet at 1.2055 but watch the price action if it reaches it - fun and games.
  •  Guest
  • | IP XX.XX.91.6
Quoting earlywave
He is just telling you the truth - Many people is long EUR/CHF now (hoping SNB intervention). So the stop loss is naturally placed at 1.1980/99. If it gaps down during weekend (greek deal will be done by this weekend???). All stop loss will be triggered. It may miss you stop loss may drop straight to 1.1900-1.1950.
forexlive like playstation games

in fact eurochf dropped from 2 weeks ago before market open to 1.1995 to get a spike to 1.2089, at market open was at 1.2070
Snb will not loose its credibility nor price will reach there
presuming we enter the weekend later at 1.2030-50 region, it'll be extremely difficult for price action to gap down and breach 1.2000 on monday open due to the immense amount of automatic buy orders placed by retailers, commercials and even the SNB alike between 1.2000-1.2030. With that, cool story bro to you forexlive...
first of all its not true.but if that happens than no body will trade in this pair in future so snb do not want this
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  • Story Stats
  • Posted: Feb 2, 2012 10:41pm
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 18  /  Views: 4,328