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EUR/CHF

  • #5,181
  • Apr 11, 2012 2:35pm Apr 11, 2012 2:35pm
Quoting iTrader
haha another 200 bucks!! i like to repeat myself dont speculate on interventions, just trade the hell out of this thing , buy every dip!!
LOL just suck more longs in just to give them margin call soon.

many hope for 1.2500 just to get out but dont worry, this is just what ONE person thinks who hasn't made a single good call the past 2 years or so. NONE!.
  • #5,182
  • Apr 11, 2012 2:37pm Apr 11, 2012 2:37pm
hogy a rosseb egye meg
  • #5,183
  • Apr 11, 2012 2:38pm Apr 11, 2012 2:38pm
Quoting rcrist
No post from the bears now?
?? sry i dont understand what u mean, pls tell me more
  • #5,184
  • Apr 11, 2012 2:38pm Apr 11, 2012 2:38pm
they will drift it lower again most likeley on very low volume and when close enough and enough money to the 1.20 BAM! they take out all the bids by hitting the SL from many just below last low. want to see some history? Check what and how they've played out USDJPY in 2010.
  • #5,185
  • Apr 11, 2012 2:42pm Apr 11, 2012 2:42pm
waiting to jump in again at 2015 for another 10-15 pips ! talking about moneymaker there it is right in front of you.
consistency wins
  • #5,186
  • Apr 11, 2012 2:43pm Apr 11, 2012 2:43pm
kb. hány magyar van itten ?

na...szép kimagyar fejeztem magam...
  • #5,187
  • Apr 11, 2012 2:45pm Apr 11, 2012 2:45pm
Quoting iTrader
waiting to jump in again at 2015 for another 10-15 pips ! talking about moneymaker there it is right in front of you.
Lol yeh. exactly until they hit the SL's.
1.2035 needs to close above for about 2 days before things would change.
If the SNB was smart then they would buy trough the BIS to keep price up and trough FX broker platforms to stay in anonymity.
But ehhh SNB isn't the smartest in class as far as I can remember.
  • #5,188
  • Apr 11, 2012 2:46pm Apr 11, 2012 2:46pm
Quoting iTrader
waiting to jump in again at 2015 for another 10-15 pips ! talking about moneymaker there it is right in front of you.


I'm gonna wait for 1.2010 and start doing it, to many rumors going on and I highly doubt its gonna go anywhere for awhile.
  • #5,189
  • Apr 11, 2012 2:47pm Apr 11, 2012 2:47pm
Quoting daka
kb. hány magyar van itten ?

na...szép kimagyar fejeztem magam...
csak egy par :-)
  • #5,190
  • Apr 11, 2012 2:49pm Apr 11, 2012 2:49pm
Quoting kelkaposzta
It was up to 1.2034 on my chart and backed down to 1.2021.
(now slowly going up again)

What do you think at what level the bears start panicking and closing their positions?
1.2050?
For SNB, the rate will be comfortable to be around 1.205-1.206, maximum 1.21, cause there everybody will trade with caution now, not like two weeks ago with so much confidence:
- bulls - cause they saw the peg tested and they will not enter so easy longs as before (they don't want to risk with so much money due SNB lack of actions that we all saw, till 1.20)
- bears afraid that the trend can go higher if SNB decide by surprise to inject few bucks

At those levels with less money, SNB can maintain it...In this moment, 1.202, even 1.203 is very close to the peg and it's perfect habitat for scalping defending always 1.20...we will see...
Speculation converts one man's capital into another man's income
  • #5,191
  • Apr 11, 2012 2:54pm Apr 11, 2012 2:54pm
Alright how to trade this?
As close as 1.20.
Turn on volume.
If you see very low volume compared to the past few. ( must stand out that it is very low volume! ) and candle stick closes near the high like a hammer. Go long, action coming keep stops tight. It's all there really is.
  • #5,192
  • Apr 11, 2012 2:57pm Apr 11, 2012 2:57pm
for scalpers i think is better to hold for 1,2060

still in downtrend channel but if it breaks it upside triangle shows 1,2060.

so i keep my tp there as it was wallstreet that pushed the pair, and that is good news.
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There shall be no QE3
  • #5,193
  • Apr 11, 2012 2:58pm Apr 11, 2012 2:58pm
like this.
They test the peg with that low volume.
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  • #5,194
  • Apr 11, 2012 3:13pm Apr 11, 2012 3:13pm
underwater jet launch

Inserted Video
  • #5,195
  • Apr 11, 2012 3:18pm Apr 11, 2012 3:18pm
Quoting hutrader
Alright how to trade this?
As close as 1.20.
Turn on volume.
If you see very low volume compared to the past few. ( must stand out that it is very low volume! ) and candle stick closes near the high like a hammer. Go long, action coming keep stops tight. It's all there really is.
Is there any way that you can see the volume (of the market not the broker's)?
  • #5,196
  • Apr 11, 2012 3:25pm Apr 11, 2012 3:25pm
Quoting pipxster
Is there any way that you can see the volume (of the market not the broker's)?
There is no public volume data available in spot forex because there is no official marketplace for it. Interbank trade data usually is kept secret by the banks. So this volume chart above is worth nothing.
  • #5,197
  • Apr 11, 2012 3:31pm Apr 11, 2012 3:31pm
Quoting TraderJF
There is no public volume data available in spot forex because there is no official marketplace for it. Interbank trade data usually is kept secret by the banks. So this volume chart above is worth nothing.
lol.
Partly agree but you can use a signal provider that collects data from different brokers so more accurate feed you'll have. Esignal seems to be a good one.
  • #5,198
  • Apr 11, 2012 3:38pm Apr 11, 2012 3:38pm
o'neill is more credible than Jordan


3:39 (Dow Jones) In normally thin US afternoon trading Wednesday, the euro quickly gained on the Swiss franc. The move appeared to be the result of market participants paying closer attention to a Dow Jones interview with Goldman Sachs' Jim O'Neill in which he says the SNB could raise its euro-franc exchange rate floor to CHF1.25 from CHF1.20. The euro, which had been hovering just above the CHF1.2000 SNB-imposed floor earlier in the session, jumped to CHF1.2035 before settling back to trade most recently at CHF1.2026, according to EBS via CQG. The Swiss National Bank has stepped into the market to hold the CHF1.20 level, but thus far hasn't necessarily made a push to drive it much above that floor. ([email protected])
  • #5,199
  • Apr 11, 2012 3:45pm Apr 11, 2012 3:45pm
Quoting pipxster
o'neill is more credible than Jordan


3:39 (Dow Jones) In...
quite funny maybe he is a secret built-in man of snb
  • #5,200
  • Apr 11, 2012 3:52pm Apr 11, 2012 3:52pm
Quoting pipxster
o'neill is more credible than Jordan


but thus far hasn't necessarily made a push to drive it much above that floor.
Exactly, that's why everybody by now now that the SNB is a failure in it self.
They've failed every time so far except in the 70's or so.
I don't see them raising the peg any time soon because of geopolitical pressure.
and if they would raise the peg then the SNB will have to pay more in the future to buy Euro's. Then there is the market what is overly short the CHF. So big market participants want only one thing in this zero sum game. Causing you a margin call. Especially now that they now that the SNB doesn't act properly.
it's just a ticking timebomb just like USDJPY last year.
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