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EUR/CHF

  • #1,741
  • Nov 29, 2011 10:15am Nov 29, 2011 10:15am
Quoting SIgurs
Hey FX, hope you're doing well ! You know me, I like those rumor plays ;-)

Another low of day .... looks like lot's of SNB fear. And still people actually believe that SNB will raise floor to 1.35 .... LOL
Yeah - Quite fine - eyes problem due watching market moves to much lately
So any position on Eurchf and USDJPY
If there was easy money lying around,no one would be forcing it into your
  • #1,742
  • Nov 29, 2011 10:18am Nov 29, 2011 10:18am
Quoting FXMindset
Yeah - Quite fine - eyes problem due watching market moves to much lately
So any position on Eurchf and USDJPY
No positions in FX these days, only trading DAX.
  • #1,743
  • Nov 29, 2011 11:35am Nov 29, 2011 11:35am
Quoting ThisPip
in hind sight i may look like a fool, but if i would have to bet i d say
1.23 minimum floor, then 1.25, then 1.30.
May I raise the bet to 1.65 ? LOL

Keep on dreaming guys !
  • #1,744
  • Nov 29, 2011 1:36pm Nov 29, 2011 1:36pm
Quoting SIgurs
May I raise the bet to 1.65 ? LOL

Keep on dreaming guys !
One of the reasons that make me sure there would be an intervention is that u are saying there would be no intervention!
As u remember, before BOJ intervention, u repeatedly said the Azzumi doesn't have any power, and we wont see any boj intervention. But after a while BOJ entered into the market. In that time u said u had some short positions, and I think u experienced good time after BOJ intervention!!! It seems u wanna experience those memorable stories with short positions in this pair again! OK good luck
  • #1,745
  • Nov 29, 2011 1:50pm Nov 29, 2011 1:50pm
i dont have any orders in this pair...but it seems to be targeting downwards....and mostly TP3 seems to be more logical...
Attached Image (click to enlarge)
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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #1,746
  • Nov 29, 2011 3:56pm Nov 29, 2011 3:56pm
Added this line to ensure Members understand that I am speaking philosphically

Tongue in Cheek:
SNB Are ROOKIES @ this Financial Stufff...WTF do They Know about Creating Strength in a Currency?
That's why they Tell/Told us what they intend to do & I am jumping ALL Over the latest News Releases & Buying EURCHF. ( not true )

Seriously:
If you play this one, you are playing with The Big Boys & you better know how to hold your own.
Pump & Dump, Lipstick on a Pig, Salted Mines... Or Inverse...

Just a thought;
What if SNB is about to announce a Switzerland Based Swiss Bond Sale, Would that make you stop and think?

I, for one, will stand Aside until my windscreen wipers can clear the fog. (windshield wipers for the Brits/Europeans)

There are Lots of other toys in the playpen. Perhaps I wont touch EURCHF for another year or so but when I do, I will have more of a reason than...
"They Told Me So."

Just saying.


btw.
If Any Rookie here takes a Posted Opinion as a Signal Call, You have three paths ahead of you.
Pray & Pray again
OR
Lose & Learn
OR
Observe & Learn. Not only Trading but Global Economics as well.

'mac
  • #1,747
  • Nov 29, 2011 10:43pm Nov 29, 2011 10:43pm
Quoting Blue.Trader
One of the reasons that make me sure there would be an intervention is that u are saying there would be no intervention!
As u remember, before BOJ intervention, u repeatedly said the Azzumi doesn't have any power, and we wont see any boj intervention. But after a while BOJ entered into the market. In that time u said u had some short positions, and I think u experienced good time after BOJ intervention!!! It seems u wanna experience those memorable stories with short positions in this pair again! OK good luck
Please get your facts right !

- I had a short position of which 2/3rd was sold with nice profit, 1/3rd was sold at break even before leaving on a trip to Rome
- I shorted the initial bounce, as said many times before. It sold off 300 pips !
- I indeed said the BOJ was probably not up to the task. Perhaps I was wrong, perhaps not, time will tell. Do you see a break of the downtrend ?
I don't !

Now, please try again ;-)
  • #1,748
  • Nov 29, 2011 11:28pm Nov 29, 2011 11:28pm
Quoting Bemac
If Any Rookie here takes a Posted Opinion as a Signal Call, You have three paths ahead of you.
Pray & Pray again
OR
Lose & Learn
OR
Observe & Learn. Not only Trading but Global Economics as well.

'mac

You said it right!

IMO
Global Economics is much more important in a bigger picture. A bunch of speculators made franc so overvalueted as it is now. And swiss economy just can't survive in a conditions like this. Then we'll have a paradox of economy collapse cause of overvalued currency based on what? Currency strenght and nothing more? Currency strengt based on daily traders? Yes, it can go for a while, but not forever...
First cap was all about that. Imagine situation where swiss handle with EURCHF at 0.80 or less, surrounded with EU countries. In 6 months there would be no jobs in CH.
SNB is waiting for EUR issue to be resolved so they can make next decision, that's all, and only way 1.20 can stay 1.20 is in CHFDEM.

IMO only...
  • #1,749
  • Nov 29, 2011 11:34pm Nov 29, 2011 11:34pm
Quoting mccoy

You said it right!

IMO
Global Economics is much more important in a bigger picture. A bunch of speculators made franc so overvalueted as it is now. And swiss economy just can't survive in a conditions like this. Then we'll have a paradox of economy collapse cause of overvalued currency based on what? Currency strenght and nothing more? Currency strengt based on daily traders? Yes, it can go for a while, but not forever...
First cap was all about that. Imagine situation where swiss handle with EURCHF at 0.80 or less, surrounded...
Do you trade with expect on SNB intervention?
If there was easy money lying around,no one would be forcing it into your
  • #1,750
  • Nov 29, 2011 11:38pm Nov 29, 2011 11:38pm
Quoting mccoy
SNB is waiting for EUR issue to be resolved so they can make next decision, that's all
Do you expect EU problems to be solved by next week ? BTW, eur/chf new low in anticipation of EU showing some strenght in solving debt crisis ;-)

Why this fixation with SNB rasising floor ? Do you enter long positions based on the possibility of that happening ? If so, you could be waiting for a mighty long time. All imo !
  • #1,751
  • Nov 30, 2011 12:21am Nov 30, 2011 12:21am
I don't mind waiting for that. Got other things to do meanwhile
  • #1,752
  • Nov 30, 2011 2:42am Nov 30, 2011 2:42am
FXstreet.com (Barcelona) - The Swiss KOF Leading indicator decreased to 0.35 in November, from 0.75 registered the previous month, the KOF Institute reported today.

The result is lower than the expected fall to 0.63. According to the official press release: “The current KOF Economic Barometer signals that year-on-year growth of Swiss Gross Domestic Product (GDP) is likely to be minimal in the near future.”
  • #1,753
  • Nov 30, 2011 3:06am Nov 30, 2011 3:06am
I guess we'll have to wait for the next SNB's Monetary Policy Assessment on December 15 to see some significant moves in EUR/CHF.
  • #1,754
  • Nov 30, 2011 3:26am Nov 30, 2011 3:26am
KOF number was an absolute disaster - 0.35 vs 0.65 expected and 0.75 previous. And yet, the pair isn't able to move to the upside.

Is the SNB losing grip or just satisfied with a 1.20 floor ? LOL
  • #1,755
  • Nov 30, 2011 3:55am Nov 30, 2011 3:55am
Quoting SIgurs
KOF number was an absolute disaster - 0.35 vs 0.65 expected and 0.75 previous. And yet, the pair isn't able to move to the upside.

Is the SNB losing grip or just satisfied with a 1.20 floor ? LOL
Or could it be that the markets are realizing that the SNB is unable to raise the floor due to e.g. inflation issues ? Imo, the SNB is well aware of the fact that 1.20 is the maximum floor they can cope with.

Price action seems to suggest that SNB fear is slowly disappearing ;-)
  • #1,756
  • Nov 30, 2011 5:21am Nov 30, 2011 5:21am
Euro is surging against the Usd/GbP/Cad/Jpy ... but what about the Chf ? At the low of day !!!!

How much proof does one need to realize that the SNB will not raise the floor, especially when we take into account todays news: CB's agreed upon lower swap rates today.

1.20 is and will remain the line in the sand. Now, who told us that the SNB would raise the floor this week, or next week at the very latest ? LOL
  • #1,757
  • Nov 30, 2011 5:44am Nov 30, 2011 5:44am
Something to think about ... why did the SNB take part in this coordinated action, while they knew very well that it would strenghten the Chf ? What's the deal ?

Approval to raise the floor this or next week ? LOL
  • #1,758
  • Nov 30, 2011 6:04am Nov 30, 2011 6:04am
Quoting SIgurs
Something to think about ... why did the SNB take part in this coordinated action, while they knew very well that it would strenghten the Chf ? What's the deal ?

Approval to raise the floor this or next week ? LOL

How many times have SNB interfered after setting the 1.20 floor.. any clues or anything
  • #1,759
  • Edited 6:21am Nov 30, 2011 6:11am | Edited 6:21am
Quoting farhaj
How many times have SNB interfered after setting the 1.20 floor.. any clues or anything
I don't know, perhaps they only plan to intervene when price drops below 1.20 ... in that case 0 times.

Curious to see that the Euro is strenghening accross the board .. except against the Chf. Imo, perfect proof of longs chances for a floor raise are close to 0% ;-)
  • #1,760
  • Nov 30, 2011 7:41am Nov 30, 2011 7:41am
Eur/Chf at last weeks lows. Needless to say that 1.22 will be next stop if and when this level doesn't hold.

Guess it doesn't matter for those believing that SNB will raise floor next week latest ;-)
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