DislikedNational bank will never intervene when everyone expect it. Now more and more traders are giving up, saying nothing will move this pair anymore.
From technical point of view, daily and weekly shows that it should start to reverse anytime now - this is what the SNB really wanted to happen - let market move the pair up without need for major intervention.
I have some long positions open for many months now. Soon I will be at the point that these trades are risk free - due to positive swaps. If the peg is gone and I hit SL - 0 loss. If the market...Ignored
- Post #3,663
- Quote
- Mar 16, 2012 12:29pm Mar 16, 2012 12:29pm
- | Joined Mar 2012 | Status: Member | 499 Posts
- Post #3,665
- Quote
- Mar 16, 2012 12:40pm Mar 16, 2012 12:40pm
- | Joined Mar 2012 | Status: Member | 499 Posts
- Post #3,667
- Quote
- Mar 16, 2012 1:44pm Mar 16, 2012 1:44pm
- | Joined Mar 2012 | Status: Member | 499 Posts
- Post #3,670
- Quote
- Mar 16, 2012 2:53pm Mar 16, 2012 2:53pm
- | Joined Mar 2012 | Status: Member | 499 Posts
- Post #3,672
- Quote
- Mar 16, 2012 2:58pm Mar 16, 2012 2:58pm
- | Joined Mar 2012 | Status: Member | 499 Posts
- Post #3,677
- Quote
- Mar 17, 2012 5:48am Mar 17, 2012 5:48am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- Post #3,679
- Quote
- Mar 17, 2012 7:27am Mar 17, 2012 7:27am
- | Commercial Member | Joined Mar 2012 | 47 Posts
- Post #3,680
- Quote
- Mar 17, 2012 8:09am Mar 17, 2012 8:09am
- | Joined Mar 2012 | Status: Member | 499 Posts