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USD/CHF

  • #2,101
  • Jun 16, 2011 11:33am Jun 16, 2011 11:33am
Quoting Venice
Not always true. I am definitely bearish on this pair, but that isn't going to stop me from playing retraces.
definately, i was just hoping those too stop fighting for what the other people his position or opinions are.

i love hedging for instance.
  • #2,102
  • Jun 16, 2011 11:40am Jun 16, 2011 11:40am
I expect a decline in 0.8400-20 area before increase to 0.87.... Who has any thoughts on this??? thanks in advance....
  • #2,103
  • Jun 16, 2011 11:42am Jun 16, 2011 11:42am
Quoting Praga
i love hedging for instance.
Good point!

I hedge too, and not even only for speculative reasons... but also some positions because I have EUR/CHF exposure thru my customers.... I live in switzerland and some german customers pay me in EUR... so you can imagine how I hedge the last 2 years. ;-)

Just saying... many players in forex... and not everyone is even having the same motivation.
this pig cannot be slaughtered for ever... or can it?
  • #2,104
  • Jun 16, 2011 11:48am Jun 16, 2011 11:48am
Quoting Praga
definately, i was just hoping those too stop fighting for what the other people his position or opinions are.

i love hedging for instance.
Stopped a long time ago as I don't want to waste time on pointless arguments, but for easy reading, I have listed the posts in chronological order -

I posted this simple response to someone else -

Quoting bbakker
Nice

Ditto!
Then this guy response to me with the following -

Quoting Astroman
For a while.

I for one am calling a bottom and we have seen it.
So my simple response was as follows -

Quoting bbakker
The market will determine when it is a bottom, not you! The higher timeframe charts do not show any signs of a bottom. Bottoms may take weeks if not months to form!

If you want to get burned, be my guest!
Then he comes jumping down my throat with this tosh that had absolutely nothing to do with me. He obviously had an axe to grind and decided to pick on me as I have 10v.

Quoting Astroman
Now that I have fully digested bbakker post there is some observations that I have made and I am not surprised by most of his post.

1. People with 10 vouchers seem to have one thing in common.

A. If your opinion disagrees with theirs then it it only takes a matter
minutes before they inform how much of a dumbass that you are for actually having an independent opinion.

B. They never tell another why they are correct and you are sooooo
wrong.

C. Do you ever get the feeling these people are hoping, wishing, looking
for another to have a...

I know forums are public places, but I don't like being attacked with complete and utter tosh, so I am prepared to defend myself.

It is incidents like these, and they happen to frequently on FF, that really bring this site to a low level. In future I will refrain from posting in other threads and stick to threads where I am made more welcome, that is for sure!

Over and out... it is the last you will hear from me in here!
  • #2,105
  • Jun 16, 2011 3:10pm Jun 16, 2011 3:10pm
Quoting bbakker
Stopped a long time ago as I don't want to waste time on pointless arguments, but for easy reading, I have listed the posts in chronological order -

I posted this simple response to someone else -



Then this guy response to me with the following -



So my simple response was as follows -



Then he comes jumping down my throat with this tosh that had absolutely nothing to do with me. He obviously had an axe to grind and decided to pick on me as I have 10v.




I know forums are public places, but I don't like being...
I see it over and over again, the internet has people like this guy who are kind enough to give their time to help complete strangers FOR FREE, because it is in their nature to feel good about helping others. And then people with personal issues just get all emotional and want to make them feel their keyboard wrath.

If someone more experienced than me tells me I'm doing something wrong, I don't care about their choice of language because I appreciate that they are doing me a FAVOUR and helping me progress (and on this site would be saving me money too).

This is the internet, nobody knows your real identity so why try and prove yourself by winning arguments? We come here to learn off each other, and if people like bbakker here who post useful information all get fed up of the keyboard warriors and stop posting then we will no longer have a reason to come here.
  • #2,106
  • Jun 16, 2011 3:19pm Jun 16, 2011 3:19pm
Don't trade much CHF, but all the strong CHF crosspairs are looking tempting, anyone have 'expertise' in the swiss? are we still under the yearly range average or still have room to grow, I am trying to decide what to do for medium trades for the summer.
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #2,107
  • Jun 16, 2011 3:47pm Jun 16, 2011 3:47pm
Quoting bbakker
It is incidents like these, and they happen to frequently on FF, that really bring this site to a low level.
It's the money, really it is... emotions run so high with people, and as most of us know that is not the way to trade.

Sometimes people have a bad day... week etc... it can be reflected in their personality quite often.

I know for me, trading has passed a certain point where I am kind of numb to it... win or lose. It's just another trade in the basket.

I know I try to help when I can... and while, without touting my own horn to much here, I do manage to get by quite well. Most of it is done through swing trading. I go scalping crazy every so often as well... But, I wish more people on this site spend there time helping others with what they have learned, and as well learn. No one has any right to say they know it all until they have been in the markets for at least 10 years, and I'm sure there is still plenty to learn then as well.

Oh well. Some people are just jackasses. lol

Cheers, hope everyone has a good night.
  • #2,108
  • Jun 16, 2011 4:32pm Jun 16, 2011 4:32pm
You've been helpful to me Venice, I may even make the 10% one day!

If anyone is feeling stressed out can I suggest going and doing some Thai boxing. Best workout ever, you feel so good afterwards. Seriously, after a session of that you will have no energy to be pissed off.
  • #2,109
  • Jun 16, 2011 4:43pm Jun 16, 2011 4:43pm
Quoting Rk33333
You've been helpful to me Venice, I may even make the 10% one day!

If anyone is feeling stressed out can I suggest going and doing some Thai boxing. Best workout ever, you feel so good afterwards. Seriously, after a session of that you will have no energy to be pissed off.
LOL... I take Krav Maga myself. I barely can drive home, let alone be upset about anything.
  • #2,110
  • Edited 10:49pm Jun 16, 2011 8:44pm | Edited 10:49pm
still have the short position ,s/l @ 8525.
A chart helps those who can read it.
  • #2,111
  • Jun 16, 2011 9:23pm Jun 16, 2011 9:23pm
8470 big went long with stop at 8440 looking for 8680 r/r 1:7
Attached Image (click to enlarge)
Click to Enlarge Name: 16jun11uchf.jpg Size: 203 KB
Don't have an ego. Always question yourself and your ability.
  • #2,112
  • Jun 16, 2011 9:47pm Jun 16, 2011 9:47pm
Quoting geniusztc
still have the short position ,s/l @ 8225.
What pair are you talking about!
What was your entry?
  • #2,113
  • Jun 16, 2011 10:50pm Jun 16, 2011 10:50pm
Quoting Abouelzelouf
What pair are you talking about!
What was your entry?
i am so sorry .s/l 8525. ang short @ 8535.
A chart helps those who can read it.
  • #2,114
  • Jun 17, 2011 12:46am Jun 17, 2011 12:46am
Quoting bbakker
Hildebrand didn’t make any remarks on whether the SNB is considering intervening in currency markets again.
I'am not sure where you got your assumption from. Attached is the link for anyone interested to put a puzzle together.
http://www.snb.ch/en/ifor/media/webtv/id/webtv_archive

Quote
Why can't the historic low be at 0.7000 or even 0.5000? Until world economic growth picks up I cannot see a change in direction for this currency and this could be another few years!
That would be deadly for the export and the hospitality sectors which in turns would dent tremendously the banks because of credit exposure in real estate and industrial investments.
Seriously to be at 0.50 level something really has gone wrong with the US and if that will be the case then there is really not much hope for the rest of the world.

Cheers
  • #2,115
  • Jun 17, 2011 1:27am Jun 17, 2011 1:27am
This is the most relevant speech: http://www.snb.ch/en/mmr/speeches/id...616_jpd.en.pdf

From page 3: This means, in particular, that selling our foreign exchange reserves (and buying Swiss francs) is not an option at the moment.
  • #2,116
  • Jun 17, 2011 2:36am Jun 17, 2011 2:36am
Quoting knitter
This is the most relevant speech: http://www.snb.ch/en/mmr/speeches/id...616_jpd.en.pdf

From page 3: This means, in particular, that selling our foreign exchange reserves (and buying Swiss francs) is not an option at the moment.
Ok, of course they wouldnt do that, since it would strengthen the CHF against other currencies even more.

So in effect they leave it open: They maybe MIGHT SELL CHF at the appropriate moment (when nobody is watching, everybody is sleeping, lol)
this pig cannot be slaughtered for ever... or can it?
  • #2,117
  • Jun 17, 2011 3:30am Jun 17, 2011 3:30am
I remember good when usdchf start to fall down after Swiss big boys declare that Swiss can live with a strong CHF ... what they don't want to believe that the crisis is a paper money crisis ... more then its a traditional market competition between paper currencies ... this is why i think it's only a matter of time where chf will collapse under its own mass
Forex
  • #2,118
  • Jun 17, 2011 4:09am Jun 17, 2011 4:09am
I agree. Switzerland is just too small.
  • #2,119
  • Jun 17, 2011 4:38am Jun 17, 2011 4:38am
Quoting Prochartist
I remember good when usdchf start to fall down after Swiss big boys declare that Swiss can live with a strong CHF ... what they don't want to believe that the crisis is a paper money crisis ... more then its a traditional market competition between paper currencies ... this is why i think it's only a matter of time where chf will collapse under its own mass
Ok, and when this collapsing occurs... you expect a sudden CHF weakening? Or further strengthening?

Maybe a collapse of CHF IS desirable at this time?

EUR and USD are in free-fall. They have jumped out of the plane... they are like parachutists without parachute... Thats why one should not compare the strength of EUR with the strength of USD directly... because like said parachutists the difference is mearly a little variance in the falling speed... (comparing with CHF or silver/gold is much more meaningful)

So maybe if CHF joins this suicidal race to the bottom (meaning jumping out of the plane without parachute)... then at least we will have more normal currency rates in the future... Then we will see USD/CHF of 1.0 and EUR/CHF of >1.4 again.... Quite fallacious I know... but CHF needs some more "bad news"
this pig cannot be slaughtered for ever... or can it?
  • #2,120
  • Jun 17, 2011 4:52am Jun 17, 2011 4:52am
Quoting Praga
Yeah i don't know if it is yet the bottom. The bottom is only known after REAL signs. And this what is happening is no real signs.

I'm still bearish for the USD/CHF. 0.78 is still very probable. Sometimes traders are BIAS becoz of the open trades they have. So if someone now tells me he is bullish in this market. I know it's becoz he has longs

Right now I think he will go at least a little 50 pips down. And i'm definatelly going to take it. So we'll see.

Reason.
1) losing strength and entering the kumo
2) elasticity towars SMA 100
3)...


Closed my positions with nice profit.

Have fun all
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