Was not being serious. Like everyone else, waiting for this pair to pop and when it's stuck in this tiny range each small move looks huge. However, it probably would cost a lot to trigger the many TPs and move on up given so many are long this pair.
Read a weekly forecast of Armada Markets 3 weeks ago. In it they said that short EURCHF is the trade of this year for FX traders. I was an idiot that I didn't pull the trigger.
Read a weekly forecast of Armada Markets 3 weeks ago. In it they said that short EURCHF is the trade of this year for FX traders. I was an idiot that I didn't pull the trigger.
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Go ahead and short...it seems less and less people believe in this trade.
Remember, Jordan said if the economy further deteriorates, they will act, and it does deteriorate. Besides, SNB does not care about the retail traders at all. So come on bears go ahead and short it please.
I also wonder how would it be possible that there are so many longs for TP...equal amount of shorts there for a squeeze (the pair is falling so the market is more bearish biased).
We will see very soon, one thing is sure: the Swiss econ is deteriorating, just see the data...
Hi,It would be a blunder mistake to sell EUR/CHF near 1.20 Floor..Beware of SNB intervention.Watch Sep 6,2011 daily candle and you will get the answer what happens when a Central Bank interveins.I clearly,warned in Aug that intervention is near.
Very interesting if the price will close at this level!!!
Isn't it?
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I think this is a good RR to buy this level. So, I think there will be some short covering/buying long before close. May be this is the last time to buy these levels (next week econ data/Jordan speek, and after cpi, SNB meeting)
Hi,It would be a blunder mistake to sell EUR/CHF near 1.20 Floor..Beware of SNB intervention.Watch Sep 6,2011 daily candle and you will get the answer what happens when a Central Bank interveins.I clearly,warned in Aug that intervention is near.
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Too many retail hands are holding the bag. If I were the one holding the SNB intervention button then I would let this bastard fall to 1.15, take down all the suckers and then intervene until 1.30 is reached. Basically the same play book as last time.
Too many retail hands are holding the bag. If I were the one holding the SNB intervention button then I would let this bastard fall to 1.15, take down all the suckers and then intervene until 1.30 is reached. Basically the same play book as last time.
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I expect same...
Market gap down on monday?
I want it to go to 1.21 once than down....
Let's C
SNB isn't going to let this pair fall below their PEG of 1.2000 Anything less and SNB can say goodbye to the respect they now have. Many times they have stated that under no circumstances will they let eur/chf fall below 1.2000, said they'd be there at "anytime" during the week to sell "unlimited" quantites of Swiss Frank in order to keep PEG of 1.2000 in tact. They might not intervene until 1.2000 but anything, anything less and they will.
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Joined Feb 2012
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Status: "May the odds be ever against you"
|457 Posts
One question to make profit if I have lot of Euros.
If I live in Europe and have 100K euro real money and I convert it in CHF, I will be in profit as I know if I buy francs..
It will be more Euro in 1 year at least 1.20 will be 1.30
In short term if it goes 1.15, 1.10 doesn't matter
I wouldn't buy CHF now if you expect the rate to go to 1.3. Wait till it hits your target then convert. But that assumes you need CHF eventually. If not, go spend your EUR on something else!
One question to make profit if I have lot of Euros.
If I live in Europe and have 100K euro real money and I convert it in CHF, I will be in profit as I know if I buy francs..
It will be more Euro in 1 year at least 1.20 will be 1.30
In short term if it goes 1.15, 1.10 doesn't matter
So may be Europeans are doing this ?
Free money for them
Is there any flaw in this ?
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It looks like you are confusing something here. If you buy francs with 100k euro, you'll lose if EUR/CHF goes to 1.30.
ECN brokers use real deal on market. They use EBS and Reuters Xtra platform.
The min. lot is 500000 X/X, 5 normal lot. Spread near 0.
Retail brokers not always deal on the real market! SO there are lot of uncorrect broker company.
4 years ago I had an account at a retail broker and I bought GBP/USD before news and the normal 3-5 pips spread widen to 30pips. Another I was long EUR/HUF and at the night spread widen to 200pips and knocked out my stoploss order. And I checked the prices on Reuters dealextra 3000 and the prices never been there. This is the one of these retail brokers weapon to take the people money.
They see who is a loser trader and they trade against these loosers and they can manipulate their dealing software.
If retail traders are on the right side of the market, can make money!!!!
Hi,It would be a blunder mistake to sell EUR/CHF near 1.20 Floor..Beware of SNB intervention.Watch Sep 6,2011 daily candle and you will get the answer what happens when a Central Bank interveins.I clearly,warned in Aug that intervention is near.
SNB isn't going to let this pair fall below their PEG of 1.2000 Anything less and SNB can say goodbye to the respect they now have. Many times they have stated that under no circumstances will they let eur/chf fall below 1.2000, said they'd be there at "anytime" during the week to sell "unlimited" quantites of Swiss Frank in order to keep PEG of 1.2000 in tact. They might not intervene until 1.2000 but anything, anything less and they will.
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yes agree with u.... lets see how they act if the price near or touch 1.2
The time is against the SNB.
It will cost more if they wait.
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Less. For them to buy Euros or USD will cotst them less now than 1 month ago. I think they'll do the move against USD not the Euro, and that will be a very small one, they'll just raise the floor to 1,24~1,25. But the market will give up and let the CHF breath for a long period of time not getting near the new floor.
