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EURUSD

  • #507,681
  • Aug 3, 2011 2:27am Aug 3, 2011 2:27am
Quoting Jazznos
Ive been selling EURCHF and mainly GBPCHF for last week+... have been selling rallies and was all going swimmingly until 5 minutes ago... Can you tell me then if my just selling more was completely stupid and its likely to go up more based on those fundies or...??
reports from SNB coming in and heres the contexts... im good at fundy soo beware... the last few lines are important... this suggests possibly MORE intervention... and their way of intervention is not buying EURO, USD or GBP like the Japs do... but rather SHEDDING THEIR CHF to buy GOLD

Considers swiss franc to be massively overvalued at present
Current strength of swiss franc is threatening development of the economy
Current strength of swiss franc increasing the downside risks to price stability in Switzerland
Narrowing target range for 3-month libor from 0.00-0.75% to 0.00-0.25%
Aiming for a 3-month libor as close to zero as possible
Will very significantly increase the supply of liquidity to the swiss franc money market over the next few days
Intends to expand banks’ sight deposits at the SNB from currently around CHF 30 bln to CHF 80 bln
Will no longer renew repos and SNB bills that fall due and will repurchase outstanding SNB bills
Since SNB’s last quarterly monetary policy assessment, the global economic outlook has worsened
At the same time the appreciation of the swiss franc has accelerated sharply during last few weeks
Consequently, the outlook for the swiss economy has deteriorated substantially
Keeping a close watch on developments on the foreign exchange market
Will take further measures against the strength of the swiss franc if necessary
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #507,682
  • Aug 3, 2011 2:27am Aug 3, 2011 2:27am
Quoting cloggie
4280
did get on free train ?
Mohan
  • #507,683
  • Aug 3, 2011 2:27am Aug 3, 2011 2:27am
Quoting cloggie
4280
morning bastard, this place is up for grabs today...
Look Sharp/Trade Tight
  • #507,684
  • Aug 3, 2011 2:27am Aug 3, 2011 2:27am
Quoting cloggie
4280
you get any of that down at the 62 cloggie? or you just gettin ur day started?
  • #507,685
  • Aug 3, 2011 2:28am Aug 3, 2011 2:28am
Quoting fxjawn
if i had an "im awesome" flag right now id give it to ya
Quoting Wulfgar
I concur

2+2 wins the "Im awesome" award of the day
Thanks fellas. You guys are awesome.
  • #507,686
  • Aug 3, 2011 2:28am Aug 3, 2011 2:28am
Actualy i posted before your post. Nice you are not hitted.
now where is your sl.

Quoting gatorinla
go back and read.
Trade what you see, Not what you think.
  • #507,687
  • Aug 3, 2011 2:28am Aug 3, 2011 2:28am
Quoting cloggie
4280
Ok I'll take it and sell it )
  • #507,688
  • Aug 3, 2011 2:28am Aug 3, 2011 2:28am
Quoting Monroe
did they intervene or was it just verbal...
they are doing it a little bit and they throw the balls to currency markets that CHF is over valued and the rest traders will do,
what a politics..
Don't compare your Trades with Others
  • #507,689
  • Aug 3, 2011 2:28am Aug 3, 2011 2:28am
Quoting bguguen
i explained clearly they did intervene.... SNB Dumped their CHF to buy GOLD... thats why you saw all UCHF, GBPCHF and EURCHF flying hard and GOld Flying Hard too....
SNB is not buying the Dollar, the Euro or the Pound.. but rather Shedding their Francs....
didnt see that, got you....
  • #507,690
  • Aug 3, 2011 2:29am Aug 3, 2011 2:29am
Quoting Monroe
did they intervene or was it just verbal...
Was verbal first but the move in Eur/CHF is without a doubt CB intervention

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #507,691
  • Aug 3, 2011 2:29am Aug 3, 2011 2:29am
2nd round going on ?
Mohan
  • #507,692
  • Aug 3, 2011 2:29am Aug 3, 2011 2:29am
Quoting Monroe
did they intervene or was it just verbal...
Just verbal, I guess. Large short positions, so easy to spook 'em to trigger some profit taking. Now some bulls (on UC/EC) also dare to sell CHF again.
  • #507,693
  • Aug 3, 2011 2:30am Aug 3, 2011 2:30am
Quoting Mr. Aldi
Easy kid.

Gold actually dropped 3 dollars when EC spiked. Check your facts.
thats the reaction to the SNB intervention... people who were holding longs and shorts of Gold Closed their positions or entering positions thats why it dropped....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #507,694
  • Aug 3, 2011 2:31am Aug 3, 2011 2:31am
Quoting sisse
Was verbal first but the move in Eur/CHF is without a doubt CB intervention

sisse

just looked at a chart, all that and we are up just two centimes, lol...
Look Sharp/Trade Tight
  • #507,695
  • Aug 3, 2011 2:31am Aug 3, 2011 2:31am
Quoting bguguen
reports from SNB coming in and heres the contexts... im good at fundy soo beware... the last few lines are important... this suggests possibly MORE intervention... and their way of intervention is not buying EURO, USD or GBP like the Japs do... but rather SHEDDING THEIR CHF to buy GOLD

Considers swiss franc to be massively overvalued at present
Current strength of swiss franc is threatening development of the economy
Current strength of swiss franc increasing the downside risks to price stability in Switzerland
Narrowing target range for 3-month...
How do you know they bought gold?
  • #507,696
  • Aug 3, 2011 2:32am Aug 3, 2011 2:32am
imagine what will happen if BOJ join the party ? how many account will blow ?
last time BOJ kill 800 pip
Mohan
  • #507,697
  • Aug 3, 2011 2:32am Aug 3, 2011 2:32am
Quoting Wulfgar
bro there is no way of playing agaisnt intervention.... never know when it gonna happen .... I think you were extremely smart to trade with the trend and sell rallies

just got hosed this time brother....
Well it was working well for the last 1000 pips! I moved a stop on one of my entries before and its about to be taken out, so that sucks. Yup there it goes. And i think the next one will too. FUCK! Hosed is right, ass is killing me right now. Just fucking doing my head in that one minute i was up like +500, now smacked right back to earth. Partly my own fault, thinking the rally had ended, thats over 200 pips in last than half an hour... you think you got problems on EUR/USD!!!!
  • #507,698
  • Aug 3, 2011 2:33am Aug 3, 2011 2:33am
ptl may i ask whats in your cards?
thinking about shorting it from 4282.2 - 4297.5 ish .
  • #507,699
  • Aug 3, 2011 2:33am Aug 3, 2011 2:33am
Quote
4280

Call me nuts but 4350 even possible today may be higher (4383).
Play no shorts...believe me or you burn your ass.

I close my book for today, too freaking roulette.

Jack
  • #507,700
  • Aug 3, 2011 2:33am Aug 3, 2011 2:33am
Quoting bguguen
Omfg whats happening to EURO and UCHF?? is there an intervention going on im not aware of?? lol i did say SNB is famous for silent but deadly interventions.

UPDATE: there goes your intervention confirmation... gosh i love myself...
This is what happened to EUR/CHF
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