EUR/CHF

Man, I don't do this often, but I will use the internet meme- DAFAQ did I just read? There are so many things, what to start with…


1) Funny fact: Did you know, that defending a floor doesn't mean, that the price can't go under it. OF COURSE it can!! And when it happens, SNB will take step, and move it back up. What is the problem , you got stopped at 1.199999?!


2) This is a free market, and something like this peg, shouldn’t even existed. You are blaming him for what directly? That your long isn’t working? That he hasn’t said “Man, traders are cool, let’s set EUR/CHF at 1.40, let them have some nice money, fuck the Swiss Economy!”. He just said that minimum exchange rate at 1.2 is effective way to protect Swiss Economy; SNB took EUR/CHF form under 1.00000 and is keeping it still above 1.2. Where is a lie here? Of course it is CHF is overvaulted but it is market role to discount it price, not central bank, unless you are from some post soviet country with centrally managed economy, than sorry, I understand why You would like the government to do the whole thing :>

Btw I am from post soviet country also, not to ofend anyone

I think the SNB is fine with EUR/CHF stable around 1.2010. They market is higher then the peg, they have a security spread of 10 pips and the destroyed any volatility in the market. Good for the Swiss companies: they don't have to get crazy about the F/X market.

The SNB cannot release the peg at this F/X level.
Everybody knows that the EUR/CHF price drop to hell! It would be only reasonable at a market price between 1.28-1.35. And even then why should they do that? The market is so far away from the peg that there is no need to intervene.

And now at 1.2010 there is also no need to release the peg. The market is trading on it's own stable at this level. So they don't have to do anything.

The market will go on like this. And one time the market will go up and the reason will be fundamental and not a speculation for another peg rise. Then SNB is happy and can lay back.... "We have done a good work!!!"

Pls AttEntion!..

No need to get excited...nothing is going to happen. It will be the same 3-5pips movement even though it breaks the triangle or what ever shape.

Suggest we just wait till June 15th & see the what the next monetary decision of SNB looks like. I bet just hours before the announcement, the pair will jump up like crazy (say 50-100pips) & then dive down again just like what it did on March 15th. So just be patient till then.

But June 17th is the Greek elections..... So have to be extra extra careful here.

I like the colors on your Metatrader, like a Christmas tree ... on this pair you can't do any technical analyze and you can try all methods, plugins as you want... you sit, wait and hope...

Now that Tunera closed his positions the pair can explode, as he predicted

I bet they will vote pro-bail out after all signals from Europe.
EURUSD will go back to 1.30 - 1.34 interval... so less pressure on EUrCHF as well

I will go on to HOPE in the Name of Christ...

I've reloaded manually @ 1.2011
Targeting 2 pips profit

FXstreet.com (Barcelona) - With the floor “officially” at 1.20, the EUR was most sold through the EUR/CHF as hedge funds hit record selling volumes. The average volume has been far below last year’s levels and the pair tested the waters last week, standing still at 1.2010.

So, despite some market hesitation regarding the SNB’s defended floor at 1.20, the risk of a break below exists: “However, the wider circumstances for EURCHF have changed and a Greek exit from the Eurozone would prove a stern test for the SNB”, wrote UBS analysts.

1/ I am not from soviet countries. It’s important to say where I am from? When is my birthday? How many diploma I have? I think it is important that my explanation is logic or not.
Between soviet countries and other countries like USA, England as west countries, I prefer the west ones because you can speak anything without scare to go to prison (of course don’t talk war,terrorism,etc…).
I do not agree with you that only soviet countries want to control “central managed economy”, all of countries want to do it but west countries do it better than soviet countries, they do it carefully and with “invisible hand”
Now you can ask Obama, Merkel, Hollande and 17 european countries, they want or not to control their economy
.
2/ I do not play “word or number” game
Many people said that Jordan can keep the floor of 1.2 and can sell all above this floor even he say the money is overvalued. I said he is not truly and fair with his speech.
If I were director of Bank or financial group and if I say you that the commodities as gold, oil, money… is good price and under such price like 1.2, we intervene and the actual price of 1.21 is still overvalued, what do you think and what do you do?
I am not stupid saying that you must buy this price of 1.21 or 1.2050 because I will let the evidence to you to prosecute me but in reality I do anything like word, sentences or any tools to make you wrong feeling to act.
In reality, you get loss and you know that I play very well the “word or game” game, what you choose:
a/ you ask the authorities to prosecute me/my bank/my group
b/ you quit my bank/my group
c/ you continue to stay with me/my bank
d/ you stay with me/my bank and saying that I am good leader and my bank is credible
what is the floor of 1.2? for wipi, the floor is the walking surface of a room or vehicle. It may be stone,wood,bamboo,metal or any other material that can hold a person’s weight.
And 1.2 is 1.200000000000000
If you have 1.199999999999 and that is not 1.2
So this time again, I do not play the “word or number” game. It is stupid to criticize someone who let it goes down to 1.1999 and come back 1.2 because he promised to keep 1.2
I’d like to say that Jordan don’t play the “word and number” game, he must know that he is Governor of SNB. He must do his job as interest of country truly and fairly, do not act as hedge fund manager., do not manipulate stupidly this pair!

3/ Sincerely
I trade this pair from oct 2011 and never sell it even it goes to 1.2450, and buy only because I believe what the snb or hildebrand said and done in that time. I am wrong when I believe in them?
You are right that I trade this pair and my long is not working and I have loss but I say truly, I do not hide to everyone
I said I closed this pair just in 1 week and in reality I closed it. I do not tell lie that I closed but in reality I do not close in order that everyone close and I wait until snb raise the pedg and I get profit.
I said what I done, and no game here. And in reality I can not have enough money, power to play the game. Do you think you and me can manipulate this pair?

Firstly, Soviet Union collapsed in 1991, so there are no more soviet countries :> Only post-soviet, what is more of a nickname than reality. I live in one of them, and please don’t tell me, that we don’t have democracy and freedom of speech, because we do, not lesser than western countries. Don’t behave like person who thinks that east from the Berlin there is only never ending winter and bears walking on the streets. And vodka of course!


And to you statement of centrally managed economy, now we are witnessing mixed economy or interventional economy, which implies the doctrine of liberal economy, but also allow the government to innervate when there is such a need. It is veeeeeery far form centrally managed economy.



Thirdly, current economic and financial market is a very abstract thing. Do you think, that by holding a 5 dollar bill, the paper itself is worth something more than price of printing it? The number on paper is what counts; money is now mostly virtual, so is the floor. Please don’t compare it to physical floor or something like that, it is only concept which is made to scare speculates from SNB goal. It can by passed at any time, but then official will take action, and move price back above 1.2. My sentence about 1.19999 was to show it is just stupid to believe that 1.2 became magical, impenetrable line and SNB won’t allow to past it (and placing stops just little below it, because you think it CAN’T be penetrated).
I have also a long, trailing from 1.2013, waiting patiently for the MARKET, NOT SNB to move the price. I believe that not us 2, but institutional and small traders combined are able to move this price, and only them should do it, not count on SNB to do an intervention.



SNB and Jordan may say that the CHF is overvalued, because it is but it is not they job to discount it. They made their moves, set straight border of what is in their opinion minimal rate of exchange for EUR/CHF and if the market will get bored and move the price higher, they will get their currency devaluated without having to spend money on intervention.



Anyway, no hard feelings

floor test coming up

You seemto mention that weekly.

haha yeah i know.just wishful thinking that something may actually happen with this pair

the only exciting thing that can happen with this pair is close the opened positions and forget about it

seems like you didn't forget about it

downgrade of Japan, not a good news

Maybe the SNB should bring out some of the further measures they have talked about.

The euro situation is not improving and the franc will not weaken against the euro on its own.