Regarding thi down od the pair just relax, nothing bad will happen, if u guys have a SL or money enought to not be stoped until 1.1965 like me nothing bad will happen to u
http://sphotos.xx.fbcdn.net/hphotos-...97414862_n.jpg
http://sphotos.xx.fbcdn.net/hphotos-...97414862_n.jpg
Guys my broker was paying me 3.18$ per day out of my EUR/CHF long positions 34 lots. So i was receiving 110$ per day. i love my Broker and will continue with them for other trades but for this one i need a new Broker that pays a nice Swap Rollover around 3$ at least.
Anyone knows a good one ?
Regarding thi down od the pair just relax, nothing bad will happen, if u guys have a SL or money enought to not be stoped until 1.1965 like me nothing bad will happen to u
Did you try to withdraw your profit?
When you talk about lots do you mean a position of 100.000€ each one?
And is the net position of SNB members public? Jordan is clean (in KPMG audit), therefore it may mean that he has not dollars or euros?
- #4,187
- Apr 4, 2012 10:24am Apr 4, 2012 10:24am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #4,191
- Apr 4, 2012 10:52am Apr 4, 2012 10:52am
Just for your information:
David Rodriguez (from the dailyFX team) is preparing a special report on EUR/CHF which will posted soon. Maybe he has some interesting insights, maybe not.
Here is a pick from Joel
Technical Strategist
Joel Kruger
My Picks: Looking to Buy EUR/CHF
Expertise: Technical Analysis
Average Time Frame of Trades: Medium-Term
We don’t usually incorporate fundamentals into our trade ideas but it is hard to ignore the very well publicized SNB 1.2000 floor on the cross and ability for the market to remain so well supported ahead of the barrier. Still, the market is technically in the process of carving a major bottom on the longer-term chart, and we continue to project additional upside from here. Favorable yield differentials also don’t hurt and we look for a test of the 1.2000 barrier or break back above 1.2100 to establish a fresh long-position. Ultimately, only a daily close below 1.1900 would negate.
- #4,193
- Apr 4, 2012 10:56am Apr 4, 2012 10:56am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #4,194
- Apr 4, 2012 10:59am Apr 4, 2012 10:59am
- | Joined Feb 2012 | Status: "May the odds be ever against you" | 457 Posts
Just for your information FXCM analysts are 80% wrong
Here is a pick from Joel
Technical Strategist
Joel Kruger
My Picks: Looking to Buy EUR/CHF
Expertise: Technical Analysis
Average Time Frame of Trades: Medium-Term
We don’t usually incorporate fundamentals into our trade ideas but it is hard to ignore the very well publicized SNB 1.2000 floor on the cross and ability for the market to remain so well supported ahead of the barrier. Still, the market is technically in the process of carving a major bottom on the longer-term chart,...
I agree.. sometime they already say position taken when they tell you already 50 pips is moved.. They say now we set the stop loss at breakeven.. so if it goes in favor they say.. we are right otherwise.. we are at break even.. some traders take contararian signal.. if they say Up.. they go down..
I do say< i follow Christopher Vecchio @CVecchioFX, His trades and positions clarifications are much better.
- #4,197
- Apr 4, 2012 11:20am Apr 4, 2012 11:20am
[quote=slovforex;5542583]Just for your information FXCM analysts are 80% wrongquote]
I think you're being nice by saying just 80%. But one thing in his report is a really good warning:
Nothing is Guaranteed, Risk of EURCHF Declines Remains Real Despite SNB Floor
Financial markets are not known for their kindness, and even the threat of Swiss National Bank intervention does not guarantee that the Euro/Swiss Franc rewards speculators and remains above SFr 1.20. The fact that traders are so heavily net-long EURCHF suggests that any intervention could be quite expensive.
As the central bank would buy the EURCHF, speculators would aggressively sell long positions and book profits. Such a move could potentially offset the intervention and indeed make it quite expensive for the SNB to maintain their floor. That’s exactly what we have seen in previous failed SNB interventions, and you can be sure that central bankers are acutely aware of said risks.
Could we potentially see the EURCHF dip below SFr 1.20? Absolutely. The Swiss National Bank could stick to its word and defend the floor, but that doesn’t rule out an intraday spike below to take a lot of speculators out of their positions. A “run on stops” and momentary dip below 1.20 seems entirely plausible when one considers that the SNB does not want to have speculators sell into major interventions.
Others here have said pretty much the same thing, believe and position yourself as you see fit.
quote]I think you're being nice by saying just 80%. But one thing in his report is a really good warning:
Nothing is Guaranteed, Risk of EURCHF Declines Remains Real Despite SNB Floor
Financial markets are not known for their kindness, and even the threat of Swiss National Bank intervention does not guarantee that the Euro/Swiss Franc rewards speculators and remains above SFr 1.20. The fact that traders are so heavily net-long EURCHF suggests that any intervention could be quite expensive.
As the central bank would buy the EURCHF, speculators would aggressively sell long positions and book profits. Such a move could potentially offset the intervention and indeed make it quite expensive for the SNB to maintain their floor. That’s exactly what we have seen in previous failed SNB interventions, and you can be sure that central bankers are acutely aware of said risks.
Could we potentially see the EURCHF dip below SFr 1.20? Absolutely. The Swiss National Bank could stick to its word and defend the floor, but that doesn’t rule out an intraday spike below to take a lot of speculators out of their positions. A “run on stops” and momentary dip below 1.20 seems entirely plausible when one considers that the SNB does not want to have speculators sell into major interventions.
Others here have said pretty much the same thing, believe and position yourself as you see fit.
- #4,198
- Apr 4, 2012 11:41am Apr 4, 2012 11:41am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
[quote=Cuso;5542679]
Just a consideration about the long/short ratios, 98% of traders are long and this would cost $$$ to the snb as those long traders would take the profits at one point or another, such consideration however work in the same way if we think about long traders that get stopped out.
In a way or another, in profit or in loss, such long positions will be closed in the future, and this mean that they will sell eurchf (for a profit or for a loss, the thing is exactly the same).
On an hypotetical upmove, the profit-takings would somehow work as a brake to the bullish momentum, on an hypotetical downmove the loss-takings would work as an accelerator to such move, in a way or another there are soo much long positions in the market now and their exit will (probably) have an impact to the market.
Said this, we have to consider the bigger picture, and here it is:
Retail traders are buying heavily since mid-december 2011, when the price started to go down.
All those buys didn't have any impact to the market (the market didn't go up, instead it went down).
This mean:
1) those buy positions are not big enough to move the market in their favour.
2) their exit will not be such a problematic event.
The volume from retail trading is soo little (some say 5% of the whole market), i doubt that snb care about what retail traders do.
(yeah i thought about not post anymore but here we are again )
Just for your information FXCM analysts are 80% wrong
I think you're being nice by saying just 80%. But one thing in his report is a really good warning:
Nothing is Guaranteed, Risk of EURCHF Declines Remains Real Despite SNB Floor
[i]Financial markets are not known for their kindness, and even the threat of Swiss National Bank intervention does not guarantee that the Euro/Swiss Franc rewards speculators and remains above SFr 1.20. The fact that traders are so heavily...
In a way or another, in profit or in loss, such long positions will be closed in the future, and this mean that they will sell eurchf (for a profit or for a loss, the thing is exactly the same).
On an hypotetical upmove, the profit-takings would somehow work as a brake to the bullish momentum, on an hypotetical downmove the loss-takings would work as an accelerator to such move, in a way or another there are soo much long positions in the market now and their exit will (probably) have an impact to the market.
Said this, we have to consider the bigger picture, and here it is:
Retail traders are buying heavily since mid-december 2011, when the price started to go down.
All those buys didn't have any impact to the market (the market didn't go up, instead it went down).
This mean:
1) those buy positions are not big enough to move the market in their favour.
2) their exit will not be such a problematic event.
The volume from retail trading is soo little (some say 5% of the whole market), i doubt that snb care about what retail traders do.
(yeah i thought about not post anymore but here we are again
)