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  • EUR/CHF spiked 60 pips to the upside to 1.2076

    From talking-forex.com

    EUR/CHF spiked 60 pips to the upside to 1.2076, nothing fundamental behind the move, market liquidity remains thin, move was quickly pared

  •  Guest
  • | IP XXX.XXX.52.132
nice SL hit....
what it was? stop lose hunting?
wow, 1min spike! shame, my order didn't open
  • Post #4
  • Quote
  • Edited at 4:53pm Aug 6, 2012 4:34pm | Edited at 4:53pm
imagine this spike down - like sweepping the floor
  •  Guest
  • | IP XXX.XXX.60.207
it indicates that the pair now is ready for bullish
  •  Guest
  • | IP XXX.XX.171.142
yeah, last days were iinteresting ones in eurchf
  •  Guest
  • | IP XX.XX.94.6
ready for nothing. Snb bought and sold, had been doing so from long ago
no hedge fund or any billionaire can do that, snb playing it lonely
This looks like this pair likes to hunt. There are too many spikes for the past days. Too bad if you caught on the bad side.
It really indicates a Bull
that is beatyful short squeeze snb sticks a finger up its bulls a.ses just to remind them they can....
long till 25, then i do stop loss

till then they can do the same to us who are long eurchf long term and big, but they said 1.2 will not be broken
  •  Guest
  • | IP XX.XX.94.6
Quoting puledo
This looks like this pair likes to hunt. There are too many spikes for the past days. Too bad if you caught on the bad side.
To bad if you had no take profit
Prepare for the break of 1.2.
fat fingers I'm wondering who is paying the bill
[quote=ledobedo;5907581]that is beatyful short squeeze snb sticks a finger up its bulls a.ses just to remind them they can....
long till 25, then i do stop loss

till then they can do the same to us who are long eurchf long term and big, but they said 1.2 will not be broken[/quote

you reckon they going to move floor to 1.3 or even more? any thoughts?
Another 10 Pip spike to bear.
[quote=Jolita;5907599]
Quoting ledobedo
that is beatyful short squeeze snb sticks a finger up its bulls a.ses just to remind them they can....
long till 25, then i do stop loss

till then they can do the same to us who are long eurchf long term and big, but they said 1.2 will not be broken[/quote

you reckon they going to move floor to 1.3 or even more? any thoughts?
They can't move the floor, they can hardly hold it. The SNB will finally will be overwhelmed by the investors flight to safety - just in case you don't know: the world (read: europe) is neck-deep in trouble.
  •  Guest
  • | IP XX.XX.94.6
[quote=oneightwenty;5907609]
Quoting Jolita
They can't move the floor, they can hardly hold it. The SNB will finally will be overwhelmed by the investors flight to safety - just in case you don't know: the world (read: europe) is neck-deep in trouble.
don't be feed with that illusion, no investors no safety can do that, Snb doing it all dude
[quote=oneightwenty;5907609]
Quoting Jolita
They can't move the floor, they can hardly hold it. The SNB will finally will be overwhelmed by the investors flight to safety - just in case you don't know: the world (read: europe) is neck-deep in trouble.
that's what I think too, getting heavy to hold it and is 50/50 that Euro will survive much longer. what will happen if Euro will be withdrawned from Forex? will go to zero level? don't mean to scare anyone, just curious...
nice move
those of us who know why and who is moving, its very simple..anyone who does not have a printer in the backyard cant do sheit...i bet u snb even made profit out of this spike when some stops turned nasty

its the new guy...much more action..dont short, why would you go against central bank?? not talking stocks and bonds this is forex..its not 1990s, so a single guy can outran a finance super power government and its piggy bag...
[quote=Jolita;5907615]
Quoting oneightwenty

that's what I think too, getting heavy to hold it and is 50/50 that Euro will survive much longer. what will happen if Euro will be withdrawned from Forex? will go to zero level? don't mean to scare anyone, just curious...
Brother they can hold it indefinately. Its futile trying to short it, unlike the bank of england they don't have to sell their fx reserves to prop it up, they can print as many chf as they want. And they will, because if they don't their credibility is shot. But likewise I don't think they'll raise the floor either, they'll most likely will just remove the floor and let it float (up) when the euro crisis is over.
Can someone please tell me how printing CHF helps maintain the peg, they are not printing EUR, so what do they do with the CHF they have printed to help their position against the EUR, how do they know how many CHF they need to print to keep it at 1.2. If they print a load of CHF and buy AUD with them, they would hold more reserves of a foreign currency which may even go up in value. So how does it all work, by having more CHF in circulation will this automatically lower its appeal and value?
  •  Guest
  • | IP XX.XXX.95.188
More CHF in circulation will lower its value.
Quoting puledo
It really indicates a Bull
euro bull? you gotta be kidding me.
IT will destroy in second. Don't be ridiculous

Quoting oneightwenty
Prepare for the break of 1.2.
Prepare to break 1,00 if many countries exit euro
theres nothing easier than keeping a currency devalued for a country, unless you start hearing of protest against a rempant inflation, they have the green light to print as much as they want.
  •  Guest
  • | IP XXX.XX.80.254
bye bye Seller you've got Stop Loss
don't know who is selling EURCHF, negative swaps, cap ...
It's just stupid. SNB will keep 1.2 be sure, what is more interesting that they are buying EUR, and they buy too much for sure, so they have to convert it in another currency (law) which is USD, so just wait some days to see SNB shorting on EURUSD
I guess this move opened some orders. Orders wich are now with minus 40-50 pips.
And yes, they did this move in such a short time to test some bull resistance of the pair. If they want to get the peg to 1.3, they have to start the move, the rest is done by the market.
isnt long eurchf a surefire trade? you open long around 2010 and leave the trade alone forever, someday its gonna spike up and get your tp
  •  Guest
  • | IP XX.XXX.111.216
This occured at the same time over the 3 major CHF pairs, it does not show on the line graphs but look at USDCHf in candlestick. Nobody, apart from a major National Bank, could put that much money into the market in one hit over those three currencies. I think it was actually a fat finger.
  •  Guest
  • | IP X.XXX.71.23
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  • Story Stats
  • Posted: Aug 6, 2012 4:18pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 30  /  Views: 4,306