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GBP/CHF and USD/CHF

  • #781
  • Aug 9, 2011 11:03pm Aug 9, 2011 11:03pm
Quoting Jazznos
but sure would love to make that back! GL
Go short again
  • #782
  • Aug 9, 2011 11:06pm Aug 9, 2011 11:06pm
Quoting the-game
Go short again
LOL.. maybe id be safe with a 120pip SL??!
  • #783
  • Aug 9, 2011 11:07pm Aug 9, 2011 11:07pm
IF CHF is overvalued, and SNB intervenes, then value is CHF should go down...which shud make GBPCHF and USDCHF to rise right?

Why are we shorting then?
  • #784
  • Aug 9, 2011 11:13pm Aug 9, 2011 11:13pm
Quoting reachjj
IF CHF is overvalued, and SNB intervenes, then value is CHF should go down...which shud make GBPCHF and USDCHF to rise right?

Why are we shorting then?
THe last intervention we saw a 350 pip sudden surge, i dont think weve seen an invervention yet, it would be all over the news. But yes, it rises on this pair when that happens...
  • #785
  • Aug 9, 2011 11:18pm Aug 9, 2011 11:18pm
There she goes... looks like you missed it
  • #786
  • Aug 9, 2011 11:20pm Aug 9, 2011 11:20pm
Quoting reachjj
IF CHF is overvalued, and SNB intervenes, then value is CHF should go down...which shud make GBPCHF and USDCHF to rise right?

Why are we shorting then?
SNB intervention caused these two pairs to rise in a short amount of time.

If you knew how these pairs reacted to SNB interventions, you'd be shorting right after the intervention like I did.

Jazz: I'm just playing off the recent experiences with these pairs and the SNB interventions - and the fact that the money has been flowing into the CHF for a while.
  • #787
  • Aug 9, 2011 11:22pm Aug 9, 2011 11:22pm
Quoting the-game
SNB intervention caused these two pairs to rise in a short amount of time.

If you knew how these pairs reacted to SNB interventions, you'd be shorting right after the intervention like I did.

Jazz: I'm just playing off the recent experiences with these pairs and the SNB interventions.
Cool, well i got in a little late, 1848 region, but f*ck me i hope it drops like a stone now....!
  • #788
  • Aug 9, 2011 11:23pm Aug 9, 2011 11:23pm
Quoting Jazznos
Cool, well i got in a little late, 1848 region, but f*ck me i hope it drops like a stone now....!
Trail that profit like a mofo!!

EDIT: A quick 40 pips profit locked in ... SL at 1.1816
  • #789
  • Aug 9, 2011 11:30pm Aug 9, 2011 11:30pm
Jazz: you may be right that it wasn't an SNB intervention... wasn't that huge. Big Player Stop hunt maybe?
  • #790
  • Aug 9, 2011 11:32pm Aug 9, 2011 11:32pm
Quoting the-game
Jazz: you may be right that it wasn't an SNB intervention... wasn't that huge. Big Player Stop hunt maybe?
Thats what it felt like to me. Motherfuckers!
  • #791
  • Aug 9, 2011 11:35pm Aug 9, 2011 11:35pm
Just trail the reaction of whatever that was and get your money back Happy Days

Here's another surge Yippee!
EDIT: Whoa, look at it go! Early rush of orders coming in!!!
  • #792
  • Aug 9, 2011 11:41pm Aug 9, 2011 11:41pm
Quoting the-game
Just trail the reaction of whatever that was and get your money back Happy Days

Here's another surge Yippee!
EDIT: Whoa, look at it go! Early rush of orders coming in!!!
Go baby go! Down to 1138 or 0930 would be just lovely...
  • #793
  • Aug 9, 2011 11:43pm Aug 9, 2011 11:43pm
I'd be closing my trade just before London open, and might re-enter if it looks to go down further.

EDIT: I've closed my trade for ~120 pips
  • #794
  • Aug 9, 2011 11:58pm Aug 9, 2011 11:58pm
Quoting the-game
I'd be closing my trade just before London open, and might re-enter if it looks to go down further.

EDIT: I've closed my trade for ~120 pips
Good move. Im greedily holding on watching my profits evaporate hoping it will keep going down. Wish me luck!!
  • #795
  • Aug 10, 2011 12:01am Aug 10, 2011 12:01am
NOW it looks like intervention!!! got out just in time...! lol
EDIT: um WTF is going on here with this whipsawing?? NFP noone told anyone about?? LOL
  • #796
  • Aug 10, 2011 12:02am Aug 10, 2011 12:02am
You should have got out
  • #797
  • Aug 10, 2011 12:03am Aug 10, 2011 12:03am
Now wait for the right time to get in short again.
  • #798
  • Aug 10, 2011 12:04am Aug 10, 2011 12:04am
Quoting the-game
Now wait for the right time to get in short again.
Yup, intervention:
http://www.forexfactory.com/news.php?do=news&id=308917
  • #799
  • Aug 10, 2011 12:15am Aug 10, 2011 12:15am
I'm gonna give these pairs a rest for today... Hope you make your profit target today Jazz
  • #800
  • Aug 10, 2011 12:19am Aug 10, 2011 12:19am
Quoting the-game
I'm gonna give these pairs a rest for today... Hope you make your profit target today Jazz
Thanks bro... no profit but at least cut my loss down to something less depressing on that last one. Bailed out seconds before that intervention hit!!! Catch ya soon...
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