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EUR/CHF

  • #4,301
  • Apr 5, 2012 5:09am Apr 5, 2012 5:09am
first attempt failed. it's time to move up
  • #4,302
  • Apr 5, 2012 5:10am Apr 5, 2012 5:10am
Not much of a sub 1.20 spike - looks like it is worth covering if it drops below 1.2010 again
  • #4,303
  • Apr 5, 2012 5:10am Apr 5, 2012 5:10am
I'm talking about closing price not the lowest price. If you look at lowest price yes the peg was broken, but we are talking in closing/opening price of a bar.

Do you have a bar with the closing price below 1.20004? This is the lowest closing price on my 1 Min chart.
Speculation converts one man's capital into another man's income
  • #4,304
  • Apr 5, 2012 5:10am Apr 5, 2012 5:10am
Why should I open a buy position in EUR / CHF?
There is a nice strategy to win back a large amount of open long positions on the parity, who?
If that swap is negative for the long position, you can expect 10 months to reach that target of 1.25 or 1.30.
Swap had a negative may be worth profit on that transaction.
For 22 days with 10 lots buy, you have a loss of 2,000., For 10,000 lots by 10,000 customers innocents are losing 20.000.0000E miss the SWAP.

Quoting GDR3k
Buy order
was hit @ 1.20050, 9 lots, SL at break even as of now.
" you can't consume more than you produce "
  • #4,305
  • Apr 5, 2012 5:11am Apr 5, 2012 5:11am
Quoting worsttrader


sry but hope not
so, ur friends are from India!!!)))

another country with large population!)))

That's why the second attempt has failed. Aha-ha))))
  • #4,306
  • Apr 5, 2012 5:12am Apr 5, 2012 5:12am
OK, a lot of SL has been hit, I see 2 broker and 1,9955 was the lowest (even I got some sl triggered, bought back).
So avalanche has been done, lets go north!
  • #4,307
  • Apr 5, 2012 5:12am Apr 5, 2012 5:12am
Quoting cipid2012
GFT Forex - http://www.gftforex.com/
I checked it and the low is 1.1997!!!!
DealBook360
  • #4,308
  • Apr 5, 2012 5:13am Apr 5, 2012 5:13am
Everyone and there dog is long EUR/CHF which is why it won't go up that much (simple supply & demand) like some people are expecting.

If it were to spike down below 1.9980 and take out some big stops then I would feel more comfortable with this going up to around 1.21.

Either way it's very risky and those people over-leveraging themselves and risking huge amounts could find themselves in a lot of hurt or could be really lucky!
  • #4,309
  • Apr 5, 2012 5:14am Apr 5, 2012 5:14am
Quoting slovforex
so, ur friends are from India!!!)))

another country with large population!)))

That's why the second attempt has failed. Aha-ha))))
in fact i only texted to soros
  • #4,310
  • Apr 5, 2012 5:14am Apr 5, 2012 5:14am
what happens when the US wakes up?
  • #4,311
  • Apr 5, 2012 5:15am Apr 5, 2012 5:15am
SNB should lift to 1.205 or 1.21 at least before NY session. Otherwise, we will see again aggressive attempts to break the peg.
Speculation converts one man's capital into another man's income
  • #4,312
  • Apr 5, 2012 5:18am Apr 5, 2012 5:18am
Quoting zpiders
Everyone and there dog is long EUR/CHF which is why it won't go up that much (simple supply & demand) like some people are expecting.

If it were to spike down below 1.9980 and take out some big stops then I would feel more comfortable with this going up to around 1.21.

Either way it's very risky and those people over-leveraging themselves and risking huge amounts could find themselves in a lot of hurt or could be really lucky!
The old saying when somethings is too good to be true . I will stand on the side lines and enter a small position if it breaks the 1.19 level, should that fail, I will continue trading other pairs as I have been. when a pair is covered at a ratio of almost 100 to 0 by non retail commercials, it only stands to guarantee there will be a lot of attention drawn to it by commercials to hedge the pair, and commercials usually tend to have deeper pockets than the small Tom, Dick and Harry.
Officer ... I swear to drunk I am not God
  • #4,313
  • Apr 5, 2012 5:18am Apr 5, 2012 5:18am
Quoting worsttrader
in fact i only texted to soros
OMG, 1 Soros vs China he's real force!
  • #4,314
  • Apr 5, 2012 5:18am Apr 5, 2012 5:18am
Quoting cipid2012
SNB should lift to 1.205 or 1.21 at least before NY session. Otherwise, we will see again aggressive attempts to break the peg.
Hopefully, 1.3+ would be just lovely.
  • #4,315
  • Apr 5, 2012 5:18am Apr 5, 2012 5:18am
Quoting cipid2012
SNB should lift to 1.205 or 1.21 at least before NY session. Otherwise, we will see again aggressive attempts to break the peg.
true. i dont understand, why is that delay.
  • #4,316
  • Apr 5, 2012 5:20am Apr 5, 2012 5:20am
Quoting slovforex
I checked it and the low is 1.1997!!!!
DealBook360
Yes, the low was 1.1997, higher : 1.20229, open price: 1.20229, close price: 1.20004 on that bar. In my opinion, if the closing price (not the lowest) will be under 1.20 than you can consider break of a peg.
Speculation converts one man's capital into another man's income
  • #4,317
  • Apr 5, 2012 5:22am Apr 5, 2012 5:22am
Quoting cipid2012
I'm talking about closing price not the lowest price. If you look at lowest price yes the peg was broken, but we are talking in closing/opening price of a bar.

Do you have a bar with the closing price below 1.20004? This is the lowest closing price on my 1 Min chart.
Come on! the lowest point is important and it triggered some of my s/l.
Yes, even in my broker the closing price is exactly 1.200000000000 but it doesn't worth at all. Who one will compensate all my losses? SNB?
  • #4,318
  • Apr 5, 2012 5:23am Apr 5, 2012 5:23am
IMO, banks have the most money and can influence the price the most, if SNB want it to rise 500 pips today to keep it away from the 'breadline' 1.2, by god it will.

I think at the very minimum we will see 1.2050 again today somepoint
  • #4,319
  • Apr 5, 2012 5:24am Apr 5, 2012 5:24am
okay, only now SNB is buying euro...
  • #4,320
  • Apr 5, 2012 5:25am Apr 5, 2012 5:25am
Quoting GDR3k
Hopefully, 1.3+ would be just lovely.
Sometimes dreams come true...on Christmas)))))
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