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EUR/CHF

  • #4,641
  • Apr 6, 2012 3:18pm Apr 6, 2012 3:18pm
as far as i can remember, snb declared they defend the peg during asian open hours. right?
  • #4,642
  • Apr 6, 2012 3:20pm Apr 6, 2012 3:20pm
yes, at any time, but look at the chart, looks like no matter who defend this peg, it is going to be destroyed soon.
it's just a big joke, good weekend
  • #4,643
  • Apr 6, 2012 3:21pm Apr 6, 2012 3:21pm
I´m surprised. It's incredible. it's at 1,2008. Where is Thomas Jordan?. What is this?? I thought the SNB was more profesional and serious.
  • #4,644
  • Apr 6, 2012 3:22pm Apr 6, 2012 3:22pm
Quoting worsttrader
as far as i can remember, snb declared they defend the peg during asian open hours. right?
No kidding. On the weekly and monthly it looks like it can retest even the bottom without much issue. We will see soon.
  • #4,645
  • Apr 6, 2012 3:23pm Apr 6, 2012 3:23pm
Quoting trader_dscha
lol. are you serious?
yes, no offence, but if Sunday starts with heavy sell orders and pair goes under 1,20 SNB might not be able to act because of "technical reasons" until Sydney opens, then 20bl of stop loss orders will make a slaughter. A stop loss will hit next one.
Then SNB will have clear road to act when Sidney or Tokyo opens.

Because I was mistaken over-leveraged I had to close position (if I wasn't I would stay)
There shall be no QE3
  • #4,646
  • Apr 6, 2012 3:28pm Apr 6, 2012 3:28pm
"We remain firmly committed to defending the minimum exchange rate of CHF 1.20 per Euro."This commitment applies at any time, from the moment the market opens in Sydney on Monday to when it closes in New York on Friday.
"We will not tolerate any trading below the minimum rate in the relevant interbank market."
"To enforce this policy, we are prepared to buy foreign currency in unlimited quantities if necessary."



  • #4,647
  • Apr 6, 2012 3:32pm Apr 6, 2012 3:32pm
they have to announce something that moves up the cross....even before market open
  • #4,648
  • Apr 6, 2012 3:33pm Apr 6, 2012 3:33pm
Quoting alesss
I´m surprised. It's incredible. it's at 1,2008. Where is Thomas Jordan?. What is this?? I thought the SNB was more profesional and serious.
LOOOL
  • #4,649
  • Apr 6, 2012 3:35pm Apr 6, 2012 3:35pm
Quoting daka
they have to announce something that moves up the cross....even before market open
Why don't they act now?. this situaction is not normal
  • #4,650
  • Apr 6, 2012 3:36pm Apr 6, 2012 3:36pm
Quoting Helloguys
yes, no offence, but if Sunday starts with heavy sell orders and pair goes under 1,20 SNB might not be able to act because of "technical reasons" until Sydney opens, then 20bl of stop loss orders will make a slaughter. A stop loss will hit next one.
Then SNB will have clear road to act when Sidney or Tokyo opens.

Because I was mistaken over-leveraged I had to close position (if I wasn't I would stay)

I prefer loosing my account then close positions now and then watch their intervention. I've already prepared my plan in case my account is gone.
But I don't have a plan for the other scenario.
Anyway, SNB has the weekend to get prepared...
Hell knows what they want to do....
  • #4,651
  • Apr 6, 2012 3:39pm Apr 6, 2012 3:39pm
this shit will be trading at 1.15 next week, i'm sorry to write this but that's what probably will happen.
If the snb is just an incompetent organization (i doubt) or they deliberately plan all this is still a question, but at this point the answer isn't really all that important.
Retail traders are just being ripped, big promises and big talkings about the swiss overvalued floors etc., and then here we come, in the ass.
This is personally my first and last time that i base a trading decision on a foundamental event, it's simply pure bullshit.
  • #4,652
  • Apr 6, 2012 3:44pm Apr 6, 2012 3:44pm
okay guys, thank u for ur answers. hope the best.
  • #4,653
  • Apr 6, 2012 3:48pm Apr 6, 2012 3:48pm
Quoting worsttrader
okay guys, thank u for ur answers. hope the best.
Sorry for the pessimism, i'm just upset because my broker decided to lower my account leverage and close some positions at this level is not the best way to start the weekend
  • #4,654
  • Apr 6, 2012 3:51pm Apr 6, 2012 3:51pm
Quoting tunera
this shit will be trading at 1.15 next week, i'm sorry to write this but that's what probably will happen.
If the snb is just an incompetent organization (i doubt) or they deliberately plan all this is still a question, but at this point the answer isn't really all that important.
Retail traders are just being ripped, big promises and big talkings about the swiss overvalued floors etc., and then here we come, in the ass.
This is personally my first and last time that i base a trading decision on a foundamental event, it's simply pure bullshit....
And how did you get your 6 V's huh?.

80% percent of you sound like some whining teenagers in puberty.
Show some bloody balls, open some longs and in your mind you kiss the money goodbye. This will not get any much lower, and not for long anyway.
So have a good bit of margin left to take some heat, and sit back.
Next week 75% of all of you will be sorry they didnt take a long today.

I know it is more like a bet aka gambling and not trading, but your odds are
pretty good. Now show some balls and play like a Boss! Or buy a different CHF pair, like AUD/CHF or whatever, just please, stop whining.
  • #4,655
  • Apr 6, 2012 3:52pm Apr 6, 2012 3:52pm
Quoting rcrist
I prefer loosing my account then close positions now and then watch their intervention. I've already prepared my plan in case my account is gone.
But I don't have a plan for the other scenario.
Anyway, SNB has the weekend to get prepared...
Hell knows what they want to do....
First of all many are OVERLEVERAGED in the longs! ( Greed )
They 100% believe that the SNB is stronger than all the market participants ( Includes China, ECB, FED, Russia etc the big players on FX ) ---> HOPE
Those who are long EURCHF have absolutely no idea about market overall and probably one of their last hope to gain $$ from FX after they've probably burned by trying to trade other currencies.

I admit I am short EURCHF but I can handle even a 4000 pip move against me in case my stop won't hit in case the SNB would be so fool to raise the peg or intervene ridiculously. I expect the 1.2000 to be taken out like USDJPY had the crash last year. If the SNB is smart enough they let the markets do what it has to do. USDJPY recovered nicely to.
Intervention only provokes attention from real big players. BAD IDEA!
  • #4,656
  • Apr 6, 2012 3:56pm Apr 6, 2012 3:56pm
Quoting tunera
Sorry for the pessimism, i'm just upset because my broker decided to lower my account leverage and close some positions at this level is not the best way to start the weekend
okay no problem, u r realist
  • #4,657
  • Apr 6, 2012 4:01pm Apr 6, 2012 4:01pm
It's strange that we like to think that this is about as.. traders

no, we are to poor and have no influence to be so interesting

SNB said at least 50 times till now officialy to defend the floor,
they have monetary instruments...

if they lied all the time mercy on their souls
  • #4,658
  • Apr 6, 2012 4:04pm Apr 6, 2012 4:04pm
Quoting hutrader
First of all many are OVERLEVERAGED in the longs! ( Greed )

I admit I am short EURCHF but I can handle even a 4000 pip move against me in case my stop won't hit in case the SNB would be so fool to raise the peg or intervene ridiculously.
Just when i was thinking i seen it all you come along...
  • #4,659
  • Apr 6, 2012 4:15pm Apr 6, 2012 4:15pm
Quoting rcrist
I prefer loosing my account then close positions now and then watch their intervention. I've already prepared my plan in case my account is gone.
But I don't have a plan for the other scenario.
Anyway, SNB has the weekend to get prepared...
Hell knows what they want to do....
I understand what you mean, but really I will be also glad if they make intervetion or anything and do not burn you people. That pair was a trap especially for people like me who did not have lived a peg situation and how it works.

But -if I leave emotion out- I just dont trust they will support you. It seems that they dont give a penny
There shall be no QE3
  • #4,660
  • Apr 6, 2012 4:19pm Apr 6, 2012 4:19pm
Quoting ThisPip
And how did you get your 6 V's huh?.

80% percent of you sound like some whining teenagers in puberty.
Show some bloody balls, open some longs and in your mind you kiss the money goodbye. This will not get any much lower, and not for long anyway.
So have a good bit of margin left to take some heat, and sit back.
Next week 75% of all of you will be sorry they didnt take a long today.

I know it is more like a bet aka gambling and not trading, but your odds are
pretty good. Now show some balls and play like a Boss! Or buy a different...
ThisPip,
i don't really know how i got my 6v and don't care about v's, i just like to have some conversation about trading as outside of forexfactory i don't talk or know any trader.
However, true most of us here in this thread sound like teenagers, but you must understand many of us are following this pair from months, and is somehow emotionally draining how the whole condition has evolved.
Then, some traders use to trade a micro lot, some use to trade 10000x more, probably some is betting his/her entire savings in this deal, so there are many factors that may let people emotionally attached to the developement of the situation and as result we see teenagers style posts here on FF, but that's ok it's a part of the game.
I am a buyer and have devoted a part of my capital to this deal, if it work that may be a good income, if it don't work that's ok too.

One thing is sure, more and more people are now looking to close their buy positions in loss or in b/e, the intervention is starting to be seen as a fantasy, and the fear of a floor break is just in the air.
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