Well, maybe not China. But there's serious money to be made considering what these CBs behind the peg have on the line. I can't even imagine how much money must've been pumped in for a move like that. For all we know they could've dumped their ...

Yeah, I know it's highly unlikely. But you know how the market likes to move in the direction that hurts the most. The SNB and ECB aren't the only big boys on the block and the market is a vicious place. Maybe China feels like fucking with them for ...

This is forex, never trust what you read. I'm sure there are plenty out there who think the SNB is bluffing and can't/won't hold the line.

I'm guessing EC is going to hold above 1.20 for a while, huh?

lol?

Holy shit. ....what?

Damn spreads, my unrealized P&L was just cut in half. Then again, I'm long AUDUSD on the bottom of the dip and short USDCAD at the peak so this could pay off in multiples if the USD tanks at open.

Meh, closed.

Somebody kick a bull or a bear, I don't care which.

Only signal I'm seeing at the moment is long 61 support line.

Whoops, meant 4405 not 4450.

I'm off for the day, 05 shorts set at BE limit buy placed at 4450 tight SL.

Added another short 05, let's see how this goes.

You may have a wedge but I have a down channel which it seems to be following quite nicely if the bounce off 4500 pans out.

Long closed and short 4500. Looking for 44.

You never know, what if a story suddenly breaks that Trichet wipes his ass with euros?

Could be on the right shoulder of a 15M h&s right now if anyone feels like shorting for some reason.

OANDA is starting to irritate me, 3 limit orders in a row hit but not triggered.

Probably going to buy at 69 with a tight SL, chart says it's the next stop. I'm not too fond of catching falling knives, though.

From my experience the more a S/R line gets bounced off of the stronger it is. An example is my 4389 support on the 1min that's been tested quite a few times now.