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EUR/CHF

  • #2,801
  • Feb 2, 2012 2:53am Feb 2, 2012 2:53am
Hi! I found this yesterday.
Interesting, but if SNB holds 1.20, I can't beleive in this scenario.
http://www.fxstreet.com/news/forex-n...5-b6b9d72cb675
  • #2,802
  • Feb 2, 2012 2:56am Feb 2, 2012 2:56am
Quoting infinity76
Hi! I found this yesterday.
Interesting, but if SNB holds 1.20, I can't beleive in this scenario.
http://www.fxstreet.com/news/forex-n...5-b6b9d72cb675
they like to make surprise..hehehe
Bismillah
  • #2,803
  • Feb 2, 2012 3:47am Feb 2, 2012 3:47am
closed long tonight! Gain $0 Too much rumor too many entries, there is a basic technique in this pair, it is pure gambling. I place a limit order!
There is only one right price.... what the customer is willing to pay !
  • #2,804
  • Feb 2, 2012 3:50am Feb 2, 2012 3:50am
Quoting Rich80
closed long tonight! Gain $0 Too much rumor too many entries, there is a basic technique in this pair, it is pure gambling. I place a limit order!
Let's place a limit order at 1.2012....

Limit order : 1.2012

Intervention : 1.2008
  • #2,805
  • Feb 2, 2012 4:21am Feb 2, 2012 4:21am
Quoting Forexgain
Let's place a limit order at 1.2012....

Limit order : 1.2012

Intervention : 1.2008
I am in in the mean time i am considering selling rallies with 20 pip stop loss or stop loss is triggered 100 above in case of intervention?
  • #2,806
  • Edited 6:34am Feb 2, 2012 6:32am | Edited 6:34am
Let's place a limit order at 1.2012....

Limit order : 1.2012

Intervention : 1.2008

Sl 1.10?
" you can't consume more than you produce "
  • #2,807
  • Feb 2, 2012 7:10am Feb 2, 2012 7:10am
Quoting Memnonxxi
Let's place a limit order at 1.2012....

Limit order : 1.2012

Intervention : 1.2008

Sl 1.10?
SL 1.1992 bcz i am 100% sure SNB will not let the peg break.... else if peg breaks then u will be survived by putting such close SL bcz peg break means it can fall further 100-300 quick pips...
  • #2,808
  • Feb 2, 2012 7:14am Feb 2, 2012 7:14am
Quoting Forexgain
SL 1.1992 bcz i am 100% sure SNB will not let the peg break.... else if peg breaks then u will be survived by putting such close SL bcz peg break means it can fall further 100-300 quick pips...
this pair no longer worth for the time , after 3 days i have closed my trade @ +1 pip today waste of time
Mohan
  • #2,809
  • Feb 2, 2012 7:30am Feb 2, 2012 7:30am
Quoting mohan76
this pair no longer worth for the time , after 3 days i have closed my trade @ +1 pip today waste of time
Your choice. I have different opinion on that - as someone somewhere said - "trading is waiting" ))
  • #2,810
  • Feb 2, 2012 7:42am Feb 2, 2012 7:42am
Quoting mohan76
this pair no longer worth for the time , after 3 days i have closed my trade @ +1 pip today waste of time

Agree...trading this pair these days is just a sheer waste of time... the best alternative would be to buy this pair as closest to 1.2000 with SL maximum of 10 pips below the peg.... and wait for the intervention to happen soon...
  • #2,811
  • Feb 2, 2012 8:04am Feb 2, 2012 8:04am
Quoting mohan76
this pair no longer worth for the time , after 3 days i have closed my trade @ +1 pip today waste of time
hahahaha.....snb have their trick..... they need to use verbal before the cpi or their meeting in feb... to slow the movement before hit 1.2
Bismillah
  • #2,812
  • Feb 2, 2012 9:02am Feb 2, 2012 9:02am
Quoting Forexgain
Agree...trading this pair these days is just a sheer waste of time... the best alternative would be to buy this pair as closest to 1.2000 with SL maximum of 10 pips below the peg.... and wait for the intervention to happen soon...
It depends on the style of trading. Sometimes on some pairs I prefer to entry and earn only a few pips with higher leverage than getting many pips with lower lev
  • #2,813
  • Feb 2, 2012 12:54pm Feb 2, 2012 12:54pm
soo many monkey's..
  • #2,814
  • Feb 2, 2012 1:06pm Feb 2, 2012 1:06pm
Quoting Forexgain
Agree...trading this pair these days is just a sheer waste of time... the best alternative would be to buy this pair as closest to 1.2000 with SL maximum of 10 pips below the peg.... and wait for the intervention to happen soon...
As I had previously mentioned, I think on the U/J thread, I find it very unlikely that any CB will make a move that gives people free lunches. Previous interventions came at times where the balance of longs to shorts (as per COT charts)were more evenly balanced out and in all cases I can see (except the earthquake yen intervention) , the roles were reversed, more people stood to lose from an intervention than gain. It defies logic to me for the SNB or BoJ to hand out vast amounts of money to speculators , who will most certainly use their new found fortunes to go against the SNB as soon as the intervention peak has been achieved.I would give intervention a lot more thought when the longs to short ratios were more balanced out if not reversed from current highs.
Officer ... I swear to drunk I am not God
  • #2,815
  • Feb 2, 2012 1:08pm Feb 2, 2012 1:08pm
Quoting Fidza
As I had previously mentioned, I think on the U/J thread, I find it very unlikely that any CB will make a move that gives people free lunches. Previous interventions came at times where the balance of longs to shorts (as per COT charts)were more evenly balanced out and in all cases I can see (except the earthquake yen intervention) , the roles were reversed, more people stood to lose from an intervention than gain. It defies logic to me for the SNB or BoJ to hand out vast amounts of money to speculators , who will most certainly use their new found...
NOW SOMEONE GETS IT! right on.
  • #2,816
  • Feb 2, 2012 1:11pm Feb 2, 2012 1:11pm
Quoting Forexgain
SL 1.1992 bcz i am 100% sure SNB will not let the peg break.... else if peg breaks then u will be survived by putting such close SL bcz peg break means it can fall further 100-300 quick pips...

SL's are not gauranteed
  • #2,817
  • Feb 2, 2012 1:17pm Feb 2, 2012 1:17pm
Quoting sidhujag
SL's are not gauranteed
I would still trade this pair for an easy 10-15 pips each time buying on dips close to the 120.20 region, but my SL would be at 120.01 and not anywhere lower, because if 120 is breached , even by 1 pip , who knows where the next move will be to with all the 120.00 SLs being triggered. Quite easily 100-200 pips spike down triggering those 119.90's SLs way below that.Then the SNB intervenes
Officer ... I swear to drunk I am not God
  • #2,818
  • Feb 2, 2012 1:30pm Feb 2, 2012 1:30pm
Quoting Fidza
I would still trade this pair for an easy 10-15 pips each time buying on dips close to the 120.20 region, but my SL would be at 120.01 and not anywhere lower, because if 120 is breached , even by 1 pip , who knows where the next move will be to with all the 120.00 SLs being triggered. Quite easily 100-200 pips spike down triggering those 119.90's SLs way below that.Then the SNB intervenes
yea maybe, but that is under assumption that they will intervene above their peg level... might be worth a try aslong as you are using small risk.
  • #2,819
  • Feb 2, 2012 1:44pm Feb 2, 2012 1:44pm
Quoting Fidza
I would give intervention a lot more thought when the longs to short ratios were more balanced out if not reversed from current highs.
I don't think an intervention will happen anytime soon, and I am happy to read something other than the usual: 'hey the price is 10 pips up/down, SNB will act soon' posts that have been flooding this thread.

I nevertheless don't agree with your fundamental logic, because somebody is indeed selling this pair. If the stated statistics presented the true picture of money in the bet, we would actually be at a higher price by now. A bunch of retailers (and I have to confess, I'm among them) think the peg will hold, but the sad fact seems to be: a lot of money has another opinion and drives price ever closer to the 1.20.

We'll see. It could very well happen that nothing happens for the next days or even weeks... game of patience.
Fail better.
  • #2,820
  • Feb 2, 2012 1:50pm Feb 2, 2012 1:50pm
the snb is shaky right now and at the mercy of swiss government scrutiny which is pressuring them leaving them less independent than they were in the P.H. days. right now they are probably not very independent and have their hands tied. they would intervene but they aren't in the position they were in before, because they as an institution are not where they need to be to act independently. sucks for everyone.
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