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USD/CHF

SNB says Peg against Euro would be legal (Bloomberg)
anyone see a possible trend reversal?
Quoting MarcPeanut
SNB says Peg against Euro would be legal (Bloomberg)
at what rate?
Stopped out of my short form 300 pips
They are going to peg EUR/CHF to 1.5
Two good long trades for me as i said earlier, counter trend - trend trading- that means trading what may appear to be a corrective swing on a higher timeframe, but understanding the market, means that the corrective swing may have a trend.

Reached my target on the first one and the second entry was on the break of .74012 for 34 pips , two trades 2 winners around 80 pips.


pipfarm
Follow The Markets Structure - Patience and Discipline
Entered short at 0.7495, tight sl at 0.7535
Quoting TrendTraders
Attached
Hello Guys

If you were follow my trade earlier you are already in gain 100 pips over



Cheers
SNB intervention about 20 mins ago?

Anyone wiser than me able to shed any light?
Quoting thatguynz
SNB intervention about 20 mins ago?

Anyone wiser than me able to shed any light?

SNB considers pegging to Euro
http://www.sfgate.com/cgi-bin/articl...JE5ADD169J.DTL
Quoting Joey Zazza
SNB considers pegging to Euro
http://www.sfgate.com/cgi-bin/articl...JE5ADD169J.DTL

Aha, that explains it - thanks for your help mate
Nice trade trend trader,

On another note, Why are people so desperate to get this intevention thing, i couldnt give a monkeys about the snb or intervention, look at your charts,price is all you need. You think because the word interventions is being banded around that your gonna get a quick fix of a few hundred pips thats if your lucky enough to get the entry right and it would just be luck.


pipfarm
Follow The Markets Structure - Patience and Discipline
Quoting pipfarm
Nice trade trend trader,

On another note, Why are people so desperate to get this intevention thing, i couldnt give a monkeys about the snb or intervention, look at your charts,price is all you need. You think because the word interventions is being banded around that your gonna get a quick fix of a few hundred pips thats if your lucky enough to get the entry right and it would just be luck.


pipfarm
Because it's the surest way to earn a quick buck in a short time.

You just need rumors to spark the panic and the market will self fulfill.

And it's also a good thing to know when it might possibly come in, lest you get caught on the wrong side or burn your profits..
Quoting pipfarm
Nice trade trend trader,

On another note, Why are people so desperate to get this intevention thing, i couldnt give a monkeys about the snb or intervention, look at your charts,price is all you need. You think because the word interventions is being banded around that your gonna get a quick fix of a few hundred pips thats if your lucky enough to get the entry right and it would just be luck.


pipfarm

Thanks Mate

These "Intervention" Words nowdays become popular,I think there'r a lot new traders looking for it to catch easy money,Its better for them to carefully Study,analyse and keep learning their chart or you will be trapped in your favourite "intervention zone"

Just be patient and patient,dont need hurry to enter the trade once you see the price quickly up or down and always protecting yourself with value stoploss even how confirm/confidence you are with your analyse later

Sometimes I think Forex its not just a big business but its a Mind Game
Quoting pipfarm
Nice trade trend trader,

On another note, Why are people so desperate to get this intevention thing, i couldnt give a monkeys about the snb or intervention, look at your charts,price is all you need. You think because the word interventions is being banded around that your gonna get a quick fix of a few hundred pips thats if your lucky enough to get the entry right and it would just be luck.


pipfarm
Sigh, perhaps you (or I) don't understand the purpose of a forum...

Let me preempt this by saying I don't give a rats arse about intervention - it has no bearing on my trading "in the moment as it were" whatsoever. I trade what I see, when I see it and act accordingly.

Now, on to my forum view. To my thinking a forum is a place where a group of people with ostensibly similarly minded views express their opinions. Mine was a very simple question asking whether anyone else had a view as to whether the SNB had intervened in their currency - primarily as a means to potentially give reason to the rapid bullish move in the E/C pair.

Now if you want to take umbrage with what was a largely innocuous question and judge my trading on that basis, that is your prerogative but it probably says more about you than it does about me...
Quoting thatguynz

Now if you want to take umbrage with what was a largely innocuous question and judge my trading on that basis, that is your prerogative but it probably says more about you than it does about me...
Majority of forumers here are just downright obnoxious. They put you down with the sort of snobbery that would make the queen herself think twice.

Looking at key levels to short anyone?
Quoting TrendTraders
Thanks Mate

These "Intervention" Words nowdays become popular,I think there'r a lot new traders looking for it to catch easy money,Its better for them to carefully Study,analyse and keep learning their chart otherwise you will be trapped in your favourite "intervention zone"

If i may intervene during the intervention zone, easy money session, looks like we are right up to resistance at 7605 the old 4 hour down trend swing low.

pip
Follow The Markets Structure - Patience and Discipline
Quoting pipfarm
If i may intervene during the intervention zone, easy money session, looks like we are right up to resistance at 7605 the old 4 hour down trend swing low.

pip
Out of steam is it now? Short is itching...
Close In Profit 180 pips
Today resistance 0.7645 would be expire tomorrow
Quoting Unknownpips
Out of steam is it now? Short is itching...

It could be , i will not go short chasing the tops of retracements, thats not for me.

Who know it might follow through the old support becomes new resistance level i quoted earlier then we are in another ball game all together, still im sure there will be plenty of trading opportunities either way.


pip
Follow The Markets Structure - Patience and Discipline
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