EUR/CHF

What do you mean another selloff? It hasn't done anything else except selloff.

IMO we need a break of the 1.2030 in bid for anything to happen. Until then the SNB will not be confronted with a new low since the beginning of Feb 2012.

If you're long just try not to look at the pair, you'll go nuts. Go eat a good steak and drink a cold beer, maybe when you get back the world has changed for the better.

Well big players are drying up francs.
EUR and USD are available in abundance by central banks in form of QE and LTRO.

there is a point up to which market can buy EUR to keep EUR/CHF in place.
No one wants to buy EUR at this point
No one is selling is CHF at this point for US

The Big guys knows the trick.
As SNB said they are maintaining very high liquidity of CHF in the market But it doesn't look like that as market is absorbing CHF quite good.

Only way know CHF can move know if unwinding happens by big players OR SNB bring expand balance sheet and bring CHF's to market.

No one care about retail,they have enough to worry about if floor is broken as they have already lost some reputation in transactions.

Hold tight.. This weekend, I am expecting liquidity dry up and breaking the floor and than big market players themselves bring francs and it will rise.. Yes all the stops will be taken out.

SNB will be happy too as the rate will be 1.25-1.29 and it will be free pair thereafter.

They haven't come out with verbal rhetoric so it seems like a plan.. so far..

u think they f***g care about the interest of retail traders? money talks.
apart from this, i still trust them.

Bought @ 1.2035 target a whopping 10 pips 1.2045

Ususally I don't pick my targets so huge but EC is an exception

I'm following this on the 10 second chart because I want to miss nothing from this thrilling ride

I have pending 0.3 market lot at 1.2031..Lets see, will it go there or not??

1). Why is the Swiss economy doing better now than when the rate was parity? Because the rate is now at 1.2050'ish.

2). How many politictions and business leaders have mentioned or requested a higher floor in the last 3 months? Lots.

3). The Euro is not collapsing into oblivion against any currency in the world.

4). Why would the SNB let the floor break and let all the long stops be triggered, when they could just intervene above the floor, and use the triggered short stops to assist in their efforts to raise the rate. You have to bet that anyone who is short this pair has a trailing stop, just in case the SNB does hammer this thing.

If the BIG Francs are waiting for a better rate, what will happen when the SNB does intervene? They'll have to jump in before the Franc weakens anymore against the EUR. This will help the SNB's cause.

It still makes much more sense from my standpoint to defend the floor preemptively, as to try to pick it up from 1.1850 or so.

SO THIS IS THE TIME WHEN I SING THAT POPULAR SONG TO SNB

" WHAT THE HELL ARE YOU WAITING FOoooooR?"""

more and more traders viewing this thread in every second as we r going downer and downer
will we see an intervention today?

a) yes
b) no

i say...hmm...not sure but maybe yes, a)

a 1000 pip move north would be lovely. But rarely when we all expect something to happen, rarely does it.

Absolutely no, but tomorrow we may see the new president elected

long

......

are y sure ?
source ?

http://picturgram.com/wp-content/upl.../blast-off.jpg

at this point i think the 1.2030 level will be taken out, what will happen next is to be discovered

If somebody wants this thing under 1.2000, they'er going to have to push it at least under the 1.2030. I myself am hoping for a spike down to 1.2020.

PA right now is saying bounce. Slow Stocastics could be confirming over all time frames.

we have 2 statements :
1)SNB says that they will defend the floor with utmost determination
2) SNB says that they will not let the pair slip bellow 1,20 even for a second so for me is simple: if we trust the first statement i think that we should trust both of them. why would they be right about the first and lie about the second?nobody forced them to say that. the reputation is too important in this business and is not a smart thing to say something if you don't mean it. as long as they will keep the floor i don't think that we will go below it. if we touch 1,2020 we will see some movement