You take your chances on that?The last time they intervened it fell below,and took out my stops.But that could have been my platform.Creepy stuff.
I am really nervous.I have a lot of funds in these trades.
i can imagine folks at SNB laughing at all the drama surrounding the 1.20 floor. only they can tell when its goin down. who ever thought we would smell 1.2013. just a few pips to execute my buylimit at 1.2015
Once again, broken.
These are just talks, one of the last things SNB wants is to facilitate speculation on the long side especially from retail accounts. That is done by not anticipating moves and letting stop loss bust out who doesn't belong to the club.
Apparently they had much less problem with continued selling by large institutions.
I think that there is only one number that is equal to 1.2, and that is 1.2. Any difference to downside for SNB are pennies for which they shouldn't and won't care. Any difference to the upside is a gift that they won't make.