EUR/CHF

Please read:
http://www.forexlive.com/blog/2012/0...g-asian-trade/

They are talking about that 1.2000 isn't meant to be a "never pass the line" and SNB may let the stops run in case of too much pressure and will reestablish the peg later (they are citing this from a Swiss bank source).

Maybe we are all wrong and SNB really don't care about credibility.
A few more of these headlines and the whole world goes short

I have bought this pair since 3 weeks ago at 1.2049 ( Fortunatly )

I want someone to tell me what is the probatility to reach this price again

Is there an opportunity to up to 1.2050 again ?

Look this spike FinFX

lol.. Now everyone is saying which I am expressing from long time.. read my views on EURCHF
The spikes are coming and it obvious.. I am not going to type again.. read previous posts...

touched the price 1.1995

cheaters

It has not went that down.. check from two brokers above..

No, no chance!!
Now please sell you position to me for 1.2005 as I am buying there!
http://i40.tinypic.com/2jcd2s.jpg

FinFX are the real cheaters!!!

Were these price levels executed? Does mean some guys had a great buy-price as well? Or is it a non action missprint on the chart only?

Don't be shocked, it was only a hilarious image, Mr. "you are gambling vs me i'm a pro investor".
Next time i will choose a more calm image..

It is not me VS you.
I just recognised that you seem to be caught up in a SNB action excitement from reading your posts of the last days and I wonder if that helps to execute a trade (being pro or not).
From my perspective it does not help to find reasons to prove or spice up a trade after entering it, just execute.

Feel free to ignore my posts if you feel attacked, be sure my words are worth nothing as you alone are responsible for your actions...

Nevermind, peace

It seems like market knows no action today and so SNB new president next week..
Let 's C if my buy order will fill this week. or not..

I said with evidence: in his statement, Jordan said the eur can be broken 1.20 again.
If it is broken to 1.17- 1.18, and it pull back to 1.20, Mr. Jordan is not wrong because it happens exactly in his statement. But many people will be burned in this case.
He says he can not control the market, who can control the market, you and me???
The head of SNB don’t believe himself, why we must believe in

I would like to point out the reasons behind the excitement involved in the trading of the current eurchf market, as candeloro pointed out before.

First, understand that my looking on the market is from a big prespective, isn't the price moving of 0,0001% what make me feel "thrilled".

What i'm writing now are some conclusions i've made that are based on my interpretation of the current reality.

An important aspect to consider, is actually the long-term picture of this market:
regardless of the famous peg and the speculations about what may the snb do in the near future (let's forget about snb and peg for 5 minutes), the eurchf is an highly oversold market (the eur in general is oversold), in a downtrend from late 1995, and after finding a major resistances on 1997 and late 2007, it went down on a bearish spiral.
The interesting in this, is that we've soon yet not a major rebound, and the eurchf is really actually far below it's equilibrium point.
However, the dynamics of the markets and of the trends in general are clear, price trend fueled by it's own trending itself, untill a point where market partecipants inevitably realize that the current price is no more a reflection of the real value of such good/currency, and at that point a rebound can be seen.
What i see now on eurchf is that the market (also thanks to snb) is very near that point, a shift of perceptions about the "correct" (?) eurchf value may happen very soon, and considering how far we are from an equilibrium point, this could lead to a big (and strong?) movement.
This is what i meant with the image "the end is near", it was just an hilarious image, and it's meaning may be deceiving, sorry for that.
This time i would stop posting here for real, as there's nothing more of valuable that i can add to this thread.
Wish all you the best of course!

Or maybe the market just got bored.

New Bloomberg Article:

http://bloom.bg/HPvZaQ

The Swiss government may appoint Thomas Jordan as president of the central bank as soon as today, filling the post left vacant by Philipp Hildebrand and taking up his role as the franc’s defender-in-chief, lawmakers said.
The government plans to discuss the appointment at its weekly meeting, which begins at 9:00 a.m. in Bern. Jordan will be named as head of the Swiss National Bank at the meeting, NZZ am Sonntag reported on April 15. Swiss President Eveline Widmer- Schlumpf said last month that Jordan is “clearly a leading candidate” for the SNB’s top job.
“It’s all but certain that Jordan is going to be the next president,” Christophe Darbellay, head of the Christian Democratic Party, a member of the country’s ruling coalition, said by telephone. “He is a renowned academic, he knows the central bank through and through and is globally well connected.”
The central bank imposed a cap of 1.20 francs per euro on Sept. 6, the first ceiling in more than three decades, in a bid to force a “substantial and sustained weakening” of the currency. The SNB indicated it would defend the franc by buying foreign currency in “unlimited quantities.”
Traders recently began for the first time in seven months to test the SNB’s determination to defend the limit as the euro area’s resurgent debt crisis drove up demand for safer assets. The franc breached the cap on April 5 and April 9, and options show investors are predicting even more appreciation.
Swiss Assets

Demand for Swiss assets is so strong that investors accepted negative yields at an auction of six-month government bills last week as Spain’s borrowing costs rose toward levels that prompted bailouts for Greece, Ireland and Portugal.
Jordan, 49, became interim chairman on Jan. 9, the day Hildebrand stepped down under a cloud created by his wife’s purchase of $504,000 in August, weeks before the cap was introduced. His two-year term was the shortest in the bank’s history.
The government will publish its decision today, a Swiss official said on condition of anonymity.
The two remaining spots on the board will be filled by Jean-Pierre Danthine, currently a governing board member, and Fritz Zurbruegg, head of the Federal Finance Administration, NZZ am Sonntag said.
Jordan was born in 1963 in Biel, Switzerland, and studied economics and business at the University of Bern. The father of two joined the SNB in 1997 and became head of its research unit in 2002. In 2004, he was appointed a deputy member of the SNB’s six-person enlarged governing board before joining the three- member directorate in 2007. When Hildebrand became president in 2010, Jordan was elected vice chairman.
To contact the reporter on this story: Klaus Wille in Zurich at [email protected]
To contact the editor responsible for this story: Craig Stirling at [email protected]

So maybe will see some fireworks today

Link? He said as far as I know that the SNB will not allow any trades under 1.20 from official involved banks or markets!