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EUR/CHF

  • #281
  • Feb 18, 2010 7:23pm Feb 18, 2010 7:23pm
went long.

TP at 1,48.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #282
  • Feb 19, 2010 4:00am Feb 19, 2010 4:00am
Why shut the give all the small speculators the profits? I my mind there is no need to push it back to 1,50. Actually is more interesting to see how long they to this kind of mini interventions… If the stop we are ready for 1,45-1,46.
  • #283
  • Feb 19, 2010 5:10am Feb 19, 2010 5:10am
Quoting DrForex
Why shut the give all the small speculators the profits? I my mind there is no need to push it back to 1,50. Actually is more interesting to see how long they to this kind of mini interventions… If the stop we are ready for 1,45-1,46.

Exactly...it'd be pathetic of them really. even worse, the traders that are depending on a central bank to make their month/week/year. but whatever makes money.


Personally, i wish they'd let it drop to 1.35. That should clear out weak longs.
  • #284
  • Feb 19, 2010 6:27am Feb 19, 2010 6:27am
SNB never let EURCHF fall to 1.35, you know that too.
SNB had 1.50 as ground floor earlyer, because of the week EUR caused by PIGS SNB moved the ground floor to 1.46-1,4650 when EUR is strengthen again SNB will do a big intervene to lift EURCHF up abow 1.53 again
i guess it will happen 1 or two weeks after Greece report 15.March 2010
Swiss export nearly 80% to EU alone and SNB cant accept multipple loss in export for loong time cause it ends in deflations for the swiss
The winner take it all
  • #285
  • Feb 19, 2010 7:09am Feb 19, 2010 7:09am
A safe bet is quickly selling on the interventions. Before, interventions used to last up to half an hour easily. However, now we're seeing quick 2 minute interventions. @_@.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #286
  • Feb 19, 2010 7:17am Feb 19, 2010 7:17am
Quoting Warwick
Exactly...it'd be pathetic of them really. even worse, the traders that are depending on a central bank to make their month/week/year. but whatever makes money.


Personally, i wish they'd let it drop to 1.35. That should clear out weak longs.
Hmm, so tell me how you make money in forex without movement of large entities such as banks? You buy and sell the last time I looked. And to recognize the movements when they come is just part of forex like the Greece issue with the Euro.

And by the way, the pair has never ever gone below 1.43. So, history tells us it;s a good place to buy and whether is goes to 65, 70, or 1.47 you still make money whether there is intervention or not.

Such a childish remark is typical of this forum most times though, whatever floats your boat.
  • #287
  • Feb 19, 2010 9:55am Feb 19, 2010 9:55am
watch for BIS SNB bids. I'm selling on the spikes.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #288
  • Feb 19, 2010 12:55pm Feb 19, 2010 12:55pm
long @ 46400
  • #289
  • Feb 19, 2010 1:10pm Feb 19, 2010 1:10pm
Me too
  • #290
  • Feb 20, 2010 6:59am Feb 20, 2010 6:59am
Quoting rahulkghosh
watch for BIS SNB bids. I'm selling on the spikes.

how do you know? i diddent read somthing like that

thx for the answer
  • #291
  • Feb 20, 2010 8:19am Feb 20, 2010 8:19am
Quoting kimd
Hmm, so tell me how you make money in forex without movement of large entities such as banks? You buy and sell the last time I looked. And to recognize the movements when they come is just part of forex like the Greece issue with the Euro.

And by the way, the pair has never ever gone below 1.43. So, history tells us it;s a good place to buy and whether is goes to 65, 70, or 1.47 you still make money whether there is intervention or not.

Such a childish remark is typical of this forum most times though, whatever floats your boat.

Childish? Because I gave an opinion? whose to say yours isn't derranged? ... to each their own

Your right, money is made whichever way. In any event I'm speculating there will be a long squeeze sub 140... buy orders waiting at 1.38 - I may be wrong, but I guess thats a childish premise also.

Not here to make friends or be politically correct...just to gather/offer insight and above all make money.
  • #292
  • Feb 20, 2010 4:32pm Feb 20, 2010 4:32pm
Quoting Warwick
In any event I'm speculating there will be a long squeeze sub 140... buy orders waiting at 1.38 - I may be wrong, but I guess thats a childish premise also.
It's always good to see other's opinions about this crazy market. I myself am still holding a position above 1.50, but slowly chipping away at my drawdown as I make profit on other trades (never let assumption over-rule your trading rules... especially money management :o). So for now, I don't want it to go down any more than it needs to, although my account can handle it going down to 1.38. However, I personally don't see that happening just b/c of my extensive research on the Swiss economy this past year. As I have stated numerous times on this thread, the Swiss do not like a strong franc when their economy heavily relies on their exports. Especially when a majority of their exports go to other EZ countries. I believe we'll see continued interventions until the negative news from the EZ recedes. Now, it's not to say that it would go down to 1.38 if EZ begins to unravel to the point that the euro will have to be re-evaluated. It is a possibility. Otherwise, I'm playing these interventions. Remember this: make hay while the sun shines and all is fair in love and war ;o)
  • #293
  • Feb 21, 2010 3:24am Feb 21, 2010 3:24am
Switzerland will be releasing their employment numbers and UBS Consumption Index next week. EUR/CHF http://www.fx360.com/App_Common/images/chart-icon.gif remains trapped in a tight trading range that will remain intact for the time being.
The winner take it all
  • #294
  • Feb 21, 2010 12:43pm Feb 21, 2010 12:43pm
Here's a recent article on Bloomberg: http://www.businessweek.com/news/201...-update1-.html

Seeing how eur/chf hung around 4640 for most of Friday (the level that SNB intervened at the past couple of weeks), it will be interesting to see if SNB will come out swinging this week.
  • #295
  • Feb 22, 2010 1:36am Feb 22, 2010 1:36am
Quoting dual-c
It's always good to see other's opinions about this crazy market....
I really really doubt we'll see sub-1.45 levels. EZ unraveling is a really long shot.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #296
  • Feb 22, 2010 12:42pm Feb 22, 2010 12:42pm
ec at 1.4630 again.....

Is it jaws theme i ear in the back??? dum dum dum dum dummmmm
  • #297
  • Feb 22, 2010 3:37pm Feb 22, 2010 3:37pm
SNB's Jordan said on Sunday that there was no specific level of CHF strength they were defending against, just excess strength, and that CHF strength would not stop Swiss economic growth from resuming. He said a strong CHF means rate adjustments will not need to occur as quickly as with a weaker currency.

This sounds very reasonable to me. But I gotta wonder if this could be another decoy for SNB to catch traders off guard for their next round of intervention? Just as they did last week of January. Will be interesting to see if they throw out a few more bones to make the public think they will let CHF gain more strength only to intervene again.
  • #298
  • Feb 22, 2010 11:34pm Feb 22, 2010 11:34pm
was a tiny bite from jawsie, the sun of.....



from 4625 to 4675 ..... the sun in learning from Dad...Till he bites as an adult...
  • #299
  • Feb 22, 2010 11:38pm Feb 22, 2010 11:38pm
darnit... I missed this one... i was on the road tonight and just got home. i saw from my iPhone that the price was hovering around 4625-30. Was thinking when I get home I would buy at 4630, and sure enough I missed another bite
  • #300
  • Feb 22, 2010 11:53pm Feb 22, 2010 11:53pm
sorry to read that Dual-c. But there will be other.

Personally, i am tempted to place after the spike some small sell for 5/10 pips tp, but even so, i think it is very dangerous.

Next time, Dual.... you know there will be one....


rgds,
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