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EUR/CHF

  • #5,001
  • Apr 10, 2012 8:07am Apr 10, 2012 8:07am
Quoting iTrader
all i want to say to all, stay wise and dont overleverage bulls and bears! dont overleverage always use your head in any direction.

Well said !!!!
  • #5,002
  • Apr 10, 2012 8:09am Apr 10, 2012 8:09am
Quoting Helloguys
read and the rest below pal
i did and agreed
  • #5,003
  • Apr 10, 2012 8:22am Apr 10, 2012 8:22am
Quoting coolkaps4u

But I believe floor is here to stay for now.. so if you are with good broker.. you should be good
Ok - so what's a good broker. Do you know which one has an agreement relating to limits with the SNB? Normally these brokers shouldn't have shown a price below 1,20...So for me this would be the most interesting to know now. Which broker respects the bid offer of the SNB because of an agreement... Would take a lot of risk out of this trade...
  • #5,004
  • Apr 10, 2012 8:33am Apr 10, 2012 8:33am
Quoting profitoffx
Ok - so what's a good broker. Do you know which one has an agreement relating to limits with the SNB? Normally these brokers shouldn't have shown a price below 1,20...So for me this would be the most interesting to know now. Which broker respects the bid offer of the SNB because of an agreement... Would take a lot of risk out of this trade...
Yes... go with banks.. which says we give the best price out of 10 bids in place.
There are many Dukecopy,citibanks etc
Don't go with market makers

When the price will touch the floor 1.2000 this time.. look for orders filled up to 1.1900 for sure..

I am expecting heavy selling/buying in EURUSD just for this purpose.. it will come sooner than we all expected.. before April 27th.
  • #5,005
  • Apr 10, 2012 8:57am Apr 10, 2012 8:57am
Yes, but as far as I know even Dukascopy had a dip (even if it was really a minor one compared to other brokers...) below 1,20...so...do you know where an agreement with SNB is existing for sure (this means no price below 1,20 as long as SNB is on the bid side on 1,20)...
  • #5,006
  • Apr 10, 2012 9:07am Apr 10, 2012 9:07am
i asked fxpro they have.... at least they say so,

i closed one long on 1.19984 but we could say this is a spread thing
  • #5,007
  • Apr 10, 2012 9:11am Apr 10, 2012 9:11am
Oh really? That would be great! I have an account with them...What do you mean by "spread thing"? The low at fxpro was around 1,1997...so the bid price clearly went below 1,20...So, did they say something about this? Would be quite interesting...
  • #5,008
  • Apr 10, 2012 9:12am Apr 10, 2012 9:12am
Quoting zoran22
i asked fxpro they have.... at least they say so,

i closed one long on 1.19984 but we could say this is a spread thing
What they said.. They have?

I checked with oanda.. They don't disclose..


We get rate from multiple banks, and we use the most reasonable ones to determine what the rate would be, that means if there are outliers we exclude them.
I can't confirm which banks exactly we use, sorry about that

We get quote from several of our partner banks, which ones exactly, I don't have the name, and can't release them either, sorry about that
  • #5,009
  • Apr 10, 2012 9:14am Apr 10, 2012 9:14am
If fxpro has they would be able to win a lot of customers now :-). So we should check this and also why they had nevertheless quotes below 1,20. I just checked there website one more time. They also have a negative balance protection... So would be really interesting then...
  • #5,010
  • Apr 10, 2012 9:16am Apr 10, 2012 9:16am
Quoting tunera
But still, i see all this uncertainy as a simple deterrent for those who want to become rich overnight by entering long with huge leverage, the message is something like "you that are buying with 400x leverage, you just know that you are going to be stopped out in a way or another".
Somebody is against the freelunch thing
Of course it is Market Makers. And I think it is because they are in for a massive loss,,, they are the ones creating as much unceranty as possible by commenting every SNB breath trying to turn it into a dreadfull event to discourage longs. So give your stop loss room for the Market Makers to keep losing money and do not over leverage to a point where you become vulnerable or anxious... longs are in for a historic a fantastic win-win against Market Makers and the SNB has nothing to lose: hang in there.
  • #5,011
  • Apr 10, 2012 9:18am Apr 10, 2012 9:18am
well spread at the time on Thursday was like 5-6 pips

saxobank is also secure, just talked to them they haven't gone bellow 1.2 on ask
  • #5,012
  • Apr 10, 2012 9:27am Apr 10, 2012 9:27am
Small players doesn't count.. Its the big banks how they see it..
Small unreliable brokers anyway scam.. you

But if the price get close to 1.2000 it will be for most of the banks.. and when it goes down.. than actual scenario will come in play
  • #5,013
  • Apr 10, 2012 9:30am Apr 10, 2012 9:30am
If big banks believe SNB is credible..and have enough bids to defend the floor
whenever the price will come near 1.2008-15 The big banks will buy to make the sellers bore & raise bids to let them loose money.

This is the case only when big banks..see that way.. and they are open.. not when they are close.. as they will not put there bids.. open..for billions.. they will rely on SNB when the market is thin/bank holiday..
  • #5,014
  • Apr 10, 2012 9:36am Apr 10, 2012 9:36am
http://www.snb.ch/en/mmr/speeches/id...410_tjn.en.pdf

Read it...the Message of SNB is very clear.
  • #5,015
  • Apr 10, 2012 9:39am Apr 10, 2012 9:39am
Quoting eire77
http://www.snb.ch/en/mmr/speeches/id...410_tjn.en.pdf

Read it...the Message of SNB is very clear.
the bible itself for eurchf traders.
  • #5,016
  • Apr 10, 2012 9:43am Apr 10, 2012 9:43am
Quoting zoran22
well spread at the time on Thursday was like 5-6 pips

saxobank is also secure, just talked to them they haven't gone bellow 1.2 on ask
Yeah, many brokers never had the ask below 1.2, only the bid and only of a few pips. Oh yeah some brokers have seen 15-20pips below 1.20, just scammers IMO
  • #5,017
  • Apr 10, 2012 10:30am Apr 10, 2012 10:30am
Quoting tunera
Why don't we open a skype chatroom_group to discuss about eurchf, it's soo boring and a few chatting and exchanging informations/opinions can be interesting, for anyone interested skype:?chat&blob=rdoE9U8mlUQ59eOwPXv...1GygfUMa6wlC-B write this into your browser and welcome! (or click there)
I believe the SNB has been very clear after Thursday's little episode, and I don't think that the price will significantly cross 1.20, we might have another small crossing of the peg but not enough to close my longs at least, jejeje, but I also don't believe there will be an intervention any time soon. I believe the SNB when they say that they won't let 1.20 be breached but I still believe that they are waiting for the currency to lose value over time. I do think though that if the market doesn't move their way, they will eventually have to start pushing it their way, although will have to see what happens throughout this quarter and maybe next. To me this pair has forecefully become a long term trade, and I think that eventually chf will lose value weather by market forces or intervention, so I think that opening longs with a long term strategy is safe and will be rewarded in the medium term.
  • #5,018
  • Apr 10, 2012 11:23am Apr 10, 2012 11:23am
Quoting coolkaps4u
I watched hunger game yesterday remember quote "May the odds be ever against you" I still believe house is against I.e market which is always right and I don't trust crooks black money snb
Here goes odds.. test of floor may be coming.. If holds...till April 27th.. than we will have a winner..
  • #5,019
  • Apr 10, 2012 11:32am Apr 10, 2012 11:32am
Quoting coolkaps4u
Here goes odds.. test of floor may be coming.. If holds...till April 27th.. than we will have a winner..

maybe sooner....on friday when snb name the president....
  • #5,020
  • Apr 10, 2012 11:43am Apr 10, 2012 11:43am
some minutes ago...here was something about Jordan....

did you see ?
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