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- phil3526 replied Sep 11, 2012
That's exactly what I was thinking. I am wondering how much I can make out of this pair
- phil3526 replied Sep 7, 2012
Think about this for a second. 6/9/2011 - The SNB intervene and set a floor for the EURCHF. This was a very big decision. The floor as we are all aware is 1.2000. Now there were rumors that businesses wanted 1.3000 level as a floor, yet the SNB ...
- phil3526 replied Sep 7, 2012
I agree and I hate myself for closing a total of 19 standard contracts at about the 1.2013 price!
- phil3526 replied Sep 7, 2012
In my opinion, this is a pair that I am uncomfortable going long in at this price as it is too far away from the floor. Obviously I can't take a large leveraged position as should the price return to near the floor I would be wiped out. I am still ...
- phil3526 replied Sep 6, 2012
I think that we have all seen this false dawn before with the supposed 'solution' to Europe's problems. They seem to keep stringing countries like Greece, Spain, Portugal along even though there are huge structural adjustments that must be made. ...
- phil3526 replied Sep 6, 2012
Is this just a rumor? What I can't figure out why would the SNB be bidding at 1.2012? Why not let traders take these positions so they don't have to expand their balance sheet with euros anymore than they already have done? Why not just defend the ...
- phil3526 replied Sep 6, 2012
1.2038 now, are we heading back to 1.2011? I guess we will see soon when the ECB interest rate decision and then the press conference....
- phil3526 replied Sep 6, 2012
That's right, I almost forgot. Hey, who wants to buy a cake with the number 1 on it? lol. I should sing happy birthday! (At this point I have begun to sing like an idiot, "happy birthday to eurchf 1.2000 currency floor, happy birthday to eurchf ...
- phil3526 replied Sep 6, 2012
Hi Bluedolphin, I'm glad I am not the only one who made a silly decision! At one point I had 20 standard lots long eurchf, I was doing the sums and I almost want to cry! lol, I live in a home and it only has one level (fortunately) I too, pray I ...
- phil3526 replied Sep 6, 2012
It could happen, and I have seen some info that says businesses wanted 1.3000 level as a floor, yet the SNB picked 1.2000. If that does happen, hopefully I get a chance to reload first back at the 1.2011 mark
- phil3526 replied Sep 6, 2012
Firstly, I am the biggest idiot in the world. I will explain: I had 6.50 standard lots open for the past 4 weeks that I stupidly decided to close about 2 days ago before this huge upmove! And the funny part is that I opened that account solely for ...
- phil3526 replied Sep 5, 2012
In my opinion, this will only be a relatively short move up. Even though it has been rather sustained (for the moment) I think that we will be back to the usual 1.2011 level after this euphoria ends. Given the state the global economy, especially ...
- phil3526 replied Sep 5, 2012
What a nice move in the EURCHF! However, lets all remember the last few times it went up like this. Take a look at a daily chart people. I seem to think that in my opinion it will be one of those temporary rises for 1 or two days then by the time ...
- phil3526 replied Sep 4, 2012
About the big players buying francs waiting for the floors removal, what kind of time frame do you think we would we be talking about? 1 year, 2 years, 3 years + ? At what point do the SNB let the eurchf fall through the floor I think is the ...
- phil3526 replied Sep 4, 2012
In my opinion, I think that the euro is here to stay. 1. However, in what form is debatable. 2. What countries (if any) will leave the euro currency and go back to their original currency? 3. Is the euro ready for a large bounce (capping yields on ...
- phil3526 replied Sep 3, 2012
Exactly. It never made sense to me that they would take such a radical step of establishing a floor and then remove within a year later, especially with all that is going on with the eurzone countries.
- phil3526 replied Sep 3, 2012
Maybe, if the cap is removed (i bet that it wont happen for a long time yet) then if clients are very highly leveraged they could have negative account balances. GoMarkets doesn't have negative balance protection for clients, so I think they didn't ...
- phil3526 replied Sep 3, 2012
Just got an email from GoMarkets: "Dear Client. Please be advised that our liquidity providers have increased the risk profile of EURCHF. The reason for this is if SNB removes the cap on the EURCHF currency pair it may possibly gap through the ...
- phil3526 replied Aug 30, 2012
I heard Lehman had a true leverage of even higher than 50:1, but I digress. My ECN broker has very very tight spreads, and my overall total leverage can withstand a fairly large fall in the EURCHF below the 1.2000 level. I know what my worse case ...
- phil3526 replied Aug 30, 2012
I am using rather substantial leverage, though I know what my worse case scenarios are and they will not ruin me. I was under the impression that given the very very small probability of the price not only falling below but staying substantially ...