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EUR/CHF

  • #481
  • Apr 13, 2010 2:10pm Apr 13, 2010 2:10pm
you are correct, but there are still plenty of traders short this pair.
i wonder why. How can they cope with imminent possibility of intervention? Last week we saw a pretty aggressive one. it must've caught many off guard, especially those holding long-term positions.
  • #482
  • Apr 13, 2010 6:58pm Apr 13, 2010 6:58pm
Quoting jackdan
Wonder where we go with this Pair.

SNB is talking about raising the rates, to get ready etc etc. I would think that SNB would wait for ECB to do it first, but, will ECB do it soon? Not in my ideas. And Switzerland is suffering a start of house bubble.

SNB also speaks so often about beeing determined to avoid a strong currency.


But on the other side, can the swiss industry (mostly exporters) afford such an expensive chf? also, wouldn't it raise the risk of deflation a more expensive chf?

Because raising the rates would shoot up the chf...
One of the main questions seems to be whether ECB will raise interest rates faster and bigger than what the SNB will do.
  • #483
  • Apr 13, 2010 10:13pm Apr 13, 2010 10:13pm
Analysts are predicting SNB to raise rates in September
  • #484
  • Apr 21, 2010 11:29am Apr 21, 2010 11:29am
this pair is bonkers

u don't see such sudden spikes almost anywhere else
how can this drop 40 pips, shoot up 40, drop 40, and come back and all of this in just 10-15 seconds??
there's no glitch in my platform, it happened on all platforms
3.51 PM London Time 21/4/2010

can somebody explain?
  • #485
  • Apr 21, 2010 11:49am Apr 21, 2010 11:49am
I think of 2 possibilities:

or 1 option ending at 16.00 (london time - euro close) ,

or the new rules for big banks in switzerland issued by snb.

http://www.snb.ch/en/mmr/reference/p...0100421.en.pdf

out of these , 2, a black swan passing by...

I have with this pair same relation than with my computer... a hate and love one....

Happy pipping
  • #486
  • Apr 21, 2010 7:40pm Apr 21, 2010 7:40pm
Quoting Lars Ulrich
this pair is bonkers

u don't see such sudden spikes almost anywhere else
how can this drop 40 pips, shoot up 40, drop 40, and come back and all of this in just 10-15 seconds??
there's no glitch in my platform, it happened on all platforms
3.51 PM London Time 21/4/2010

can somebody explain?
Perhaps due to the market makers chasing the stops (I'm sure a lot of sell stops placed near 1.4320 technical support level for this chart); or SNB played a little trick to punish the short sellers.

You may see similar moves in other pairs from time to time.
  • #487
  • May 4, 2010 7:12am May 4, 2010 7:12am
This pair has the highest long short bias on Oanda's books, it is amazing. 81% of ppl are long and almost no one has positions below the current price... Most trades are losing too, far more than the normal.

Even the shape of the chart looks odd, I wonder if a central bank is holding the price.
  • #488
  • May 6, 2010 7:13am May 6, 2010 7:13am
Quoting Marrethiel
This pair has the highest long short bias on Oanda's books, it is amazing. 81% of ppl are long and almost no one has positions below the current price... Most trades are losing too, far more than the normal.

Even the shape of the chart looks odd, I wonder if a central bank is holding the price.
Bingo... TP hit for half my position, 100 pip trailing stop capturing profits for the rest
  • #489
  • May 6, 2010 7:15am May 6, 2010 7:15am
Went long at 1.4145. Will add more at 1.40.
  • #490
  • May 6, 2010 8:40am May 6, 2010 8:40am
Quoting Xaron
Went long at 1.4145. Will add more at 1.40.
Why long?
  • #491
  • May 10, 2010 11:22am May 10, 2010 11:22am
Added short now at 1,4235....waiting for the gap closing 130 pips lower...Will add more as we go up
COT: The precious data ignored
  • #492
  • May 13, 2010 5:31pm May 13, 2010 5:31pm
I gave up all my long-term long positions. I just can't bear with this pair anymore
Back to scalping, yeah
  • #493
  • May 14, 2010 3:06am May 14, 2010 3:06am
1.3998

A long position entered above the line means a lottery ticket. Lottery price is intervention.
  • #494
  • May 18, 2010 6:52am May 18, 2010 6:52am
Quoting chaos_forex
1.3998

A long position entered above the line means a lottery ticket. Lottery price is intervention.
Any chances for SNB intervention at these levels? The 4H chart is about to break out (either way). Any thoughts?

Regards
Nectarios
  • #495
  • May 19, 2010 8:16am May 19, 2010 8:16am
was that the swiss central bank? at this time they must have thrown in heaps
  • #496
  • May 19, 2010 10:02am May 19, 2010 10:02am
yes it is, finally the intervention comes!! As I reminded earlier, buying above 1.3998 has a very good risk-reward ratio.
  • #497
  • May 19, 2010 10:22am May 19, 2010 10:22am
Quoting boz
was that the swiss central bank? at this time they must have thrown in heaps
The liquidity vacuum above 1.4100 is cited behind the pop to the 1.4208 intraday top, but normal service is attempting to resume and EUR/CHF straddles 1.4150 as the dust settles. The intraday pop highlights the nervy state of the market but Swiss officials will be happy with the rise away from the 1.3995 latest all-time lows. [email protected]



Could just be a stop hunt. Shorting on spike.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #498
  • May 19, 2010 4:19pm May 19, 2010 4:19pm
I wouldn't never expect the Swiss central bank to act with that timing and magnitude. May be the guys in Switzerland don't want to look weaker then Angela Merkel in showing off against markets?
1.4295 now, anyone shorting?
  • #499
  • May 21, 2010 5:24am May 21, 2010 5:24am
any expectations for today? i was thinking about shorting to 1.4250? any advice please.
  • #500
  • May 22, 2010 5:08am May 22, 2010 5:08am
I have a little short I entered around 1.447 with target 1.432. No particular technical reason or timeframe but I think the chances to go above 1.45 are scarse and it is a bit betting on a weak eur/usd or weak sharemarkets on monday. stop loss above 1.45.
I'll consider entering long if 1.40 is retested.
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