'cause fishing by using a fishing rod is too mainstream
- #4,464
- Apr 5, 2012 9:46am Apr 5, 2012 9:46am
- | Joined Feb 2012 | Status: "May the odds be ever against you" | 457 Posts
guys whats gonna happen to EURCHF if NFP figure is good/bad tomorrow? NFP good - US econ is improving - signals continuation of fragile global recovery- EURCHF goes up?
(noob here trying 2 learn...)
Lately you have see so much good news last few weeks.. and EUR/USD climbed But this pair dropped/still..
Bad it can go UP...
Not the case.. problem is pair is too heavy to move own its own.. It requires heavy CHF selling from big guys or SNB which is not happening so CHF's liquidity is drying Up which is causing it go down
EUR (LTRO) and USD (QE) available in abundance and Big guys have taken a lot at zero interest and playing with it.
So if market decides to take 20 billion stops up 1.1800 they will go there and it will up in minutes to 1.2000 again.. SNB will have the last
But speculating longs will suffer..
- #4,471
- Apr 5, 2012 10:26am Apr 5, 2012 10:26am
- Joined Sep 2008 | Status: Trader | 2,275 Posts
Fidza said:
Absolutely correct. There's no excuse for penetrating that level for more than a second !!
How the hell can these mess stay MORE THAN A MINUTE (do they sleep in Switzerland ???) under 1.20 EVEN if they have 10000 LOts got hit through by hedge or whatever ??
IF they REALLY would support that crap they would defend it in a second by breaking down. they did not. Nothing more to say.
be prepared: If level get broken the market will slump at least to 1.1850 in worst case may be 1.17... in minutes !
Lots of retailers support that crappy statements from the SNB... guess what...
there will be blood on the streets I promise.
Last chance: TODAY they have to intervene to at least 1.23. If not...help god. No activity tomorrow and on monday by SNB...guess what... be really careful I only can say.
greets Jack
When in doubt stay without . I can see rivers of blood in the making here. I am out and keeping distance from this pair until/if it gets to 1.189x then load small longs at 50 pip intervals to the downside.
The SNB has lost their credibility already , the floor has been broken.
Absolutely correct. There's no excuse for penetrating that level for more than a second !!
How the hell can these mess stay MORE THAN A MINUTE (do they sleep in Switzerland ???) under 1.20 EVEN if they have 10000 LOts got hit through by hedge or whatever ??
IF they REALLY would support that crap they would defend it in a second by breaking down. they did not. Nothing more to say.
be prepared: If level get broken the market will slump at least to 1.1850 in worst case may be 1.17... in minutes !
Lots of retailers support that crappy statements from the SNB... guess what...
there will be blood on the streets I promise.Last chance: TODAY they have to intervene to at least 1.23. If not...help god. No activity tomorrow and on monday by SNB...guess what... be really careful I only can say.
greets Jack
Yeah that's why we've seen 1.20 being re-tested time and again. Oh right, we haven't... As I've said earlier, there is no way SNB will let Switzerland down, that goes for all the companies and that goes for their government. You have no idea what hell it'll release if SNB let it go. If you care to read a bit, you'd see it was due to technical hindrance that it penetrated 1.2 and not because they just let it do so. For SNB to lose credibility it should have closed below 1.2, it didn't and it wont, not before SNB releases the peg in an official statement....
Google translate or a Dane in the UK? (Thanks
none of them, i've been to cph once and i fell in love with danes, so i learned some sentences and expressions. fortunately, most of u understands and speaks english very well, so i needn't use them