Went long EUR/CHF around 1.08, target 1.40

Demo account ?!?

i thk this is LIVE acct... so good luck for u!

i think he is out by now...USD/CHF is 0.75370....not much margin left

It's not my account but someone's I know. Yeah looking bad. 2 OUT, 2 Strikes

swaps will kill this account

if he went short--he would be 250k in profit

yet another bottom picking thread on yen and franc crosses with an outrageous target!

this makes me more confident in shorting those buggers

This is clear example of not cutting losses short and letting profits run. if you guys see the profit taking in this account, you guys probably fall off from your chairs.

Enjoy UCHF's gap today...

Stocks still going down.
Eur-Chf won't turn till stocks pullback up.

I haven't looked at a EUR/CHF chart in a while, but this thread made me take a gander at the weekly and monthly chart.

Holy crap, that is an intimidating picture. It's just a parabolic drop with no signs of slowing. Don't catch a falling knife, the market can stay irrational longer than you can stay solvent, etc. etc.

hows that long working out?

keep selling this thing till it hits parity, then snb will burn some money again

Probable step for SNB is pegging chf to euro
A probable pullback is when Dow hit 10350 or 9500
That would be my bet to long eur-chf if the is a good PA set up

how are they going to stem this problem, they cant cut interest rates as they're already near 0 for most majors and central bank intervention just works for a few hours!!

Are you stopped out or are you still holding that loss??

You are crazy trading that!! I hope you account can hold such idea.

I would close on any profit on SNB intervention, look what happened with JPY is on its preintervention level again.

If SNB does not intervene this week there is no way out, Trade will sure made a pullback on oversold condition but any debt worry on EUR will blow you away. With USD downgrade and JPY intervention all safe haven flows are going to CHF

Was about 10400 and pulled back up 400 pips/points.
Eur-Chf pulled back almost 200 pips/points

Unfortunately it happened during sleeping hours here.

Bern opts against measures for franc


The Swiss federal government is opposed to intervening to curb the high value of the franc.
The seven-person cabinet decided at a special meeting on Monday that it won’t push further measures against the high-flying currency as it moved closer to parity with the euro.
The euro was trading at just under 1.07 francs, another historic low, in foreign exchange markets on Tuesday.
Swiss National Bank Chairman Philipp Hildebrand briefed the federal council before the meeting, following the central bank’s move to lower interest rates and increase market liquidity.
The cabinet said it approved of the bank’s action.
But it will review the currency situation again at a meeting on August 17
Meanwhile, a slide on the Swiss stock exchange was arrested on Tuesday morning after the major index of Switzerlanad’s largest companies, the SMI, fell below 5,000 points for the first time since April 2009, a loss of almost four percent.
The index recovered by more than one percent in early morning trading.
On Monday, shares in financial stocks such as Credit Suisse, Julius Bär and UBS all tumbled around five percent. Other big names like Logitech and Clariant lost more than eight percent.
Market uncertainty globally was fed by news that rating agency Standard and Poor’s expanded its credit downgrade of U.S. government debt to mortgage buyers Freddie Mac and Fannie Mae.

Great post. thanks for that precious info!!

I hope you were at BE when it went 100 pips or so up..
otherwise your SL is gone way too early .
I told you those times there is no pull back...
A heavy USD sell everywere...
It might go to 0.9 before see any reversal...
No signs of buying to stop the accelerating drop..
No balance point..
No rejection of lows for a few days..Nothing..

You tried to catch a falling knife my friend, but it was a samurai one...

Any voucher anyone?

what happened with the position?

Whether its demo or live account, you will now know for sure never ever to add to a loosing position. Never !!