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User Time Action Performed
  • 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

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  • Comment #1
  • Quote
  • Aug 6, 2012 4:29pm Aug 6, 2012 4:29pm
  •  Guest
  • | IP XXX.XXX.52.132
nice SL hit....
 
 
  • Comment #2
  • Quote
  • Aug 6, 2012 4:29pm Aug 6, 2012 4:29pm
  •  Sergii27
  • | Joined Jul 2011 | Status: Member | 37 Comments
what it was? stop lose hunting?
 
 
  • Comment #3
  • Quote
  • Aug 6, 2012 4:31pm Aug 6, 2012 4:31pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 227 Comments | Online Now
wow, 1min spike! shame, my order didn't open
 
 
  • Comment #4
  • Quote
  • Edited 4:53pm Aug 6, 2012 4:34pm | Edited 4:53pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 227 Comments | Online Now
imagine this spike down - like sweepping the floor
 
 
  • Comment #5
  • Quote
  • Aug 6, 2012 4:37pm Aug 6, 2012 4:37pm
  •  Guest
  • | IP XXX.XXX.60.207
it indicates that the pair now is ready for bullish
 
 
  • Comment #6
  • Quote
  • Aug 6, 2012 4:44pm Aug 6, 2012 4:44pm
  •  Guest
  • | IP XXX.XX.171.142
yeah, last days were iinteresting ones in eurchf
 
 
  • Comment #7
  • Quote
  • Aug 6, 2012 4:44pm Aug 6, 2012 4:44pm
  •  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
 
 
  • Comment #8
  • Quote
  • Aug 6, 2012 4:49pm Aug 6, 2012 4:49pm
  •  puledo
  • | Joined Aug 2012 | Status: Member | 6 Comments
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.
 
 
  • Comment #9
  • Quote
  • Aug 6, 2012 4:49pm Aug 6, 2012 4:49pm
  •  puledo
  • | Joined Aug 2012 | Status: Member | 6 Comments
It really indicates a Bull
 
 
  • Comment #10
  • Quote
  • Aug 6, 2012 4:51pm Aug 6, 2012 4:51pm
  •  ledobedo
  • | Joined Sep 2009 | Status: trade the chart, not FF opinions:P | 6 Comments
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
 
 
  • Comment #11
  • Quote
  • Aug 6, 2012 4:54pm Aug 6, 2012 4:54pm
  •  Guest
  • | IP XX.XX.94.6
Quoting puledo
Disliked
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.
Ignored
To bad if you had no take profit
 
 
  • Comment #12
  • Quote
  • Aug 6, 2012 5:03pm Aug 6, 2012 5:03pm
  •  oneightwenty
  • | Joined Feb 2012 | Status: Member | 527 Comments
Prepare for the break of 1.2.
 
 
  • Comment #13
  • Quote
  • Aug 6, 2012 5:03pm Aug 6, 2012 5:03pm
  •  cipid2012
  • | Joined Mar 2012 | Status: Member | 6 Comments
fat fingers I'm wondering who is paying the bill
Speculation converts one man's capital into another man's income
 
 
  • Comment #14
  • Quote
  • Aug 6, 2012 5:05pm Aug 6, 2012 5:05pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 227 Comments | Online Now
[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?
 
 
  • Comment #15
  • Quote
  • Aug 6, 2012 5:07pm Aug 6, 2012 5:07pm
  •  puledo
  • | Joined Aug 2012 | Status: Member | 6 Comments
Another 10 Pip spike to bear.
 
 
  • Comment #16
  • Quote
  • Aug 6, 2012 5:10pm Aug 6, 2012 5:10pm
  •  oneightwenty
  • | Joined Feb 2012 | Status: Member | 527 Comments
[quote=Jolita;5907599]
Quoting ledobedo
Disliked
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?
Ignored
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.
 
 
  • Comment #17
  • Quote
  • Aug 6, 2012 5:15pm Aug 6, 2012 5:15pm
  •  Guest
  • | IP XX.XX.94.6
[quote=oneightwenty;5907609]
Quoting Jolita
Disliked
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.
Ignored
don't be feed with that illusion, no investors no safety can do that, Snb doing it all dude
 
 
  • Comment #18
  • Quote
  • Aug 6, 2012 5:16pm Aug 6, 2012 5:16pm
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 227 Comments | Online Now
[quote=oneightwenty;5907609]
Quoting Jolita
Disliked
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.
Ignored
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...
 
 
  • Comment #19
  • Quote
  • Aug 6, 2012 5:40pm Aug 6, 2012 5:40pm
  •  DrForex
  • | Joined Mar 2009 | Status: Member | 27 Comments
nice move
 
 
  • Comment #20
  • Quote
  • Aug 6, 2012 6:13pm Aug 6, 2012 6:13pm
  •  ledobedo
  • | Joined Sep 2009 | Status: trade the chart, not FF opinions:P | 6 Comments
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...
 
 
  • Comment #21
  • Quote
  • Aug 6, 2012 6:47pm Aug 6, 2012 6:47pm
  •  Iro
  • | Joined Apr 2012 | Status: Member | 343 Comments
[quote=Jolita;5907615]
Quoting oneightwenty
Disliked

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...
Ignored
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.
 
 
  • Comment #22
  • Quote
  • Aug 6, 2012 8:16pm Aug 6, 2012 8:16pm
  •  Robot Trader
  • Joined Jun 2012 | Status: Member | 138 Comments
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?
Some people say I'm lucky, but the more I practice the luckier I get
 
 
  • Comment #23
  • Quote
  • Aug 6, 2012 8:25pm Aug 6, 2012 8:25pm
  •  Guest
  • | IP XX.XXX.95.188
More CHF in circulation will lower its value.
 
 
  • Comment #24
  • Quote
  • Aug 6, 2012 10:14pm Aug 6, 2012 10:14pm
  •  Wein_sonic
  • | Joined Aug 2012 | Status: Member | 201 Comments
Quoting puledo
Disliked
It really indicates a Bull
Ignored
euro bull? you gotta be kidding me.
IT will destroy in second. Don't be ridiculous

Quoting oneightwenty
Disliked
Prepare for the break of 1.2.
Ignored
Prepare to break 1,00 if many countries exit euro
 
 
  • Comment #25
  • Quote
  • Aug 6, 2012 10:42pm Aug 6, 2012 10:42pm
  •  patatepowa
  • | Joined Apr 2012 | Status: Junior Member | 1 Comment
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.
 
 
  • Comment #26
  • Quote
  • Aug 7, 2012 2:59am Aug 7, 2012 2:59am
  •  Guest
  • | IP XXX.XX.80.254
bye bye Seller you've got Stop Loss
 
 
  • Comment #27
  • Quote
  • Aug 7, 2012 9:30am Aug 7, 2012 9:30am
  •  moaf
  • | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments
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
 
 
  • Comment #28
  • Quote
  • Aug 7, 2012 1:36pm Aug 7, 2012 1:36pm
  •  d3cimus
  • | Joined Sep 2011 | Status: Member | 22 Comments
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.
 
 
  • Comment #29
  • Quote
  • Aug 7, 2012 2:12pm Aug 7, 2012 2:12pm
  •  Nacho
  • | Joined Jun 2011 | Status: Member | 4 Comments
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
 
 
  • Comment #30
  • Quote
  • Aug 7, 2012 4:13pm Aug 7, 2012 4:13pm
  •  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.
 
 
  • New Comment
  •  Guest
  • | IP X.XXX.70.233
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  • Story Stats
  • Posted: Aug 6, 2012 4:18pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 30  /  Views: 5,706
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