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EUR/CHF

  • #4,601
  • Apr 6, 2012 8:52am Apr 6, 2012 8:52am
Quoting tunera
Well the interesting thing of this trade was exactly the involvement of huge leverage as the risk would had be limited, otherwise i really don't know why somebody should focus on this pair.
But all realize soon.. no free lunches..
  • #4,602
  • Apr 6, 2012 8:52am Apr 6, 2012 8:52am
Quoting rcrist
I never thought it was going to stay for hours around 1.201 with SNB giving no shit.
As it was stated several times earlier they only said they are defending the PEG. There were no talks about intervention to new higher levels.

Although if I were them I would intervene right now (it would be cheaper in this low liquidity market). If nothing happens then more likely they are not planning to intervene anytime sooner...so we should be on the guard when they announce they lower the PEG
  • #4,603
  • Apr 6, 2012 8:52am Apr 6, 2012 8:52am
Quoting coolkaps4u
But all realize soon.. no free lunches..
yeah, that's ok
  • #4,604
  • Apr 6, 2012 8:57am Apr 6, 2012 8:57am
Quoting coolkaps4u
SNB never said they will defend retailers.. They will defend the peg.. and I think they mean on close basis.. so small 100-200 pips they will be OK and rest of us should also be OK with that if we are playing with 2:5 risk reward ratio..small leverage..

High leverage and become rich.. SNB , I don't think so will allow that to happen soon..

They said they won't allow any trade under 1.20 during the regular hours.
  • #4,605
  • Apr 6, 2012 9:08am Apr 6, 2012 9:08am
market calmed down. i hope we close not below 2013-4.
  • #4,606
  • Apr 6, 2012 9:10am Apr 6, 2012 9:10am
Quoting worsttrader
agree. two reasons:
1. they cant say again, it was a technical problem.
2. im sure they bought when we went under 2010. not so much, just a few to be again on 2010.
Not only that. Bears yesterday had the stop loss orders with their side pushing down and it was an easy reward for them. Now space 1.2030-1.20 is empty. They might try to test SNB but they will need to find more money to do it.
As long we are under 1.2030 we are in big trouble, but we can hope to a pullback after some unsuccesful possible retest of SNB floor.

Over 1.2030 we might want to reconsider our plan.
There shall be no QE3
  • #4,607
  • Apr 6, 2012 9:12am Apr 6, 2012 9:12am
Quoting worsttrader
market calmed down. i hope we close not below 2013-4.
2013 is ridiculously close. I just hope these guys have a plan.
  • #4,608
  • Apr 6, 2012 9:14am Apr 6, 2012 9:14am
Anybody wants Jordan as the new president?
I would prefer somebody else....
  • #4,609
  • Apr 6, 2012 9:14am Apr 6, 2012 9:14am
Quoting Helloguys
Not only that. Bears yesterday had the stop loss orders with their side pushing down and it was an easy...
true.
  • #4,610
  • Apr 6, 2012 9:17am Apr 6, 2012 9:17am
Quoting rcrist
2013 is ridiculously close. I just hope these guys have a plan.
im afraid we have seen all their plans :S

Quote
Anybody wants Jordan as the new president?
I would prefer somebody else....

his wife? or u want to be a candidate?
  • #4,611
  • Apr 6, 2012 9:30am Apr 6, 2012 9:30am
wonder where could be SL for shorts?
  • #4,612
  • Apr 6, 2012 9:32am Apr 6, 2012 9:32am
I think what is happening now is in absolutely in the favor of SNB

- from last September they encouraged tha market to hover the price above the peg with intervention hints
- they waited until the swiss econ adjusts (and that happened)
- now they wait until the market sentiment calms down (yesterday was pefect example: fewer longs, more short orders and SLs, territory 1.19-1.18 filled up with orders)
- besides they put a big sitting buy order at 1,2
- they also know that there will be trades below 1,2 as banks and brokers are even bigger b@stards than they are (I think SNB isn't responsible for what your broker does with you)
- until short/long will be more balanced they wont do anything, just they scare (spikes) and bore the hell out of everyone
- after that - depending on the swiss economy needs - they will act

this could be days weeks, months...
  • #4,613
  • Apr 6, 2012 9:35am Apr 6, 2012 9:35am
Markets will now open fully on tuesday..

All luck till than..!!

1.2080 needs to be broken for any momentum to upside.

1.2030(no significance).. all .. this is all we are making resistance.. lower and lower...

1.2056 --> 1st to upside momentum

Downward momentum.. we are already IN so need to break any levels ..
  • #4,614
  • Apr 6, 2012 10:29am Apr 6, 2012 10:29am
we're probably going to close the week at 1.2001
  • #4,615
  • Apr 6, 2012 10:43am Apr 6, 2012 10:43am
Quoting worsttrader
im afraid we have seen all their plans :S



his wife? or u want to be a candidate?


I would prefer hildebrand back (or whatever his name was).
Anyway, I just hope it will stay above 1.2 for 3-4 months so I can get my swaps and close all the trades with minimum or no loss.

In the meanwhile I'll just open another account and trade EURUSD.
  • #4,616
  • Apr 6, 2012 11:11am Apr 6, 2012 11:11am
hiberland (as someone call him here before ) had to construct such a startegy
that even Kayisha could understaind very well.

BUY LOT OF EUR-> SELL LOT OF CHF

I agree I also want him back!

  • #4,617
  • Apr 6, 2012 11:20am Apr 6, 2012 11:20am
Quoting pipxster
hiberland (as someone call him here before ) had to construct such a startegy
that even Kayisha could understaind very well.

BUY LOT OF EUR-> SELL LOT OF CHF

I agree I also want him back!

if not for that b*tch we might be at 1.3000 already.
  • #4,618
  • Apr 6, 2012 11:25am Apr 6, 2012 11:25am
I prefer Hildebrand, and I hate Jordan.
Hildebrand has shown his capability during these years. Even I don't believe his wife did sth wrong. She just made $25000 profit of her trade which is nothing for sb who knew sht would happen in near future. If she knew sht was cooking she could earn millions.
Hildebrand is my hero.
  • #4,619
  • Apr 6, 2012 11:40am Apr 6, 2012 11:40am
FXDD is hunting SLs under 1.20 ... they went under to 1.19969 six minutes ago.
  • #4,620
  • Apr 6, 2012 11:40am Apr 6, 2012 11:40am
Quoting Blue.Trader
Even I don't believe his wife did sth wrong. She just made $25000 profit of her trade which is nothing for sb who knew sht would happen in near future. If she knew sht was cooking she could earn millions.
u kidding me?
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