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EUR/CHF

  • #7,061
  • May 24, 2012 7:18am May 24, 2012 7:18am
Rumor on possible tax on CHF deposits that invoked the spike..... Wow - first time I hear about such an intervention.

Common Swiss interventions are Negative interest rates, floor peg, selling massive amounts of CHF & lots of rumor injection into the market.

I think this is possibly some panic button being pressed somewhere......

Let's wait & see. I'm trailing stop 5-15pips @ 1.2035 now...
  • #7,062
  • May 24, 2012 7:18am May 24, 2012 7:18am
Quoting rcrist
I think it was SNB intervention.
What do you think?
No SNB..some chicken bankers who want to get out very fast the money if they will impose tax
Speculation converts one man's capital into another man's income
  • #7,063
  • May 24, 2012 7:21am May 24, 2012 7:21am
well, i hope there r so many buy orders below 1.203 which wont let the price fall too much.
  • #7,064
  • May 24, 2012 7:23am May 24, 2012 7:23am
Few thingre so clear in the Earth: for instance, that CHF tends to 1,20000 equilibrium. Not officialspikes are useless for this pair
  • #7,065
  • May 24, 2012 7:36am May 24, 2012 7:36am
well at least the good thing that it can go up smoothly

  • #7,066
  • May 24, 2012 7:52am May 24, 2012 7:52am
Quoting cipid2012
were you doing scalping btw 1.20070-1.2017 ? Because the first spike was very consistent till 1.204 and you could have booked much more profit in 1 min.

Yeah, my profit was maybe 6000 euro. Without those TPs at 1.2017 it would probably have been 10 000 or so..
I was out of my computer for a while, when I came back I saw 1.2057 , I thought it's a mistake and quickly opened the web platforms.... and started to close trades...
Anyway, I'm happy.
  • #7,067
  • May 24, 2012 7:55am May 24, 2012 7:55am
Quoting cipid2012
were you doing scalping btw 1.20070-1.2017 ? Because the first spike was very consistent till 1.204 and you could have booked much more profit in 1 min.

One of my brokers told me that many people had TPs below 1.202...
At least I closed around 20 lots above 1.204
  • #7,068
  • May 24, 2012 7:57am May 24, 2012 7:57am
I noted the increasing warrant prices and while I was observing a warrant vt3su3 i noted that the implicit volatility stayed the same over the last few days 13.21... What was the price increase then based on? Is there anywhere a chart to look at an estimation of future volatility for eur/chf?

Thx
  • #7,069
  • May 24, 2012 7:58am May 24, 2012 7:58am
Tunera's 3 weeks ago prediction finally happened.
I'm really sorry for him that he quit too early..
  • #7,070
  • May 24, 2012 7:58am May 24, 2012 7:58am
Quoting rcrist
One of my brokers told me that many people had TPs below 1.202...
At least I closed around 20 lots above 1.204

One of my highest TP is 1.20680... Anyway, congrats to all here...our patience paid off nicely.
  • #7,071
  • May 24, 2012 8:01am May 24, 2012 8:01am
SNB probably selling eurchf now and trying to bring it back to it's 'comfy' position @ 10pips above the floor.
  • #7,072
  • May 24, 2012 8:01am May 24, 2012 8:01am
I didn't close my longs. I will wait for SNB decision and it apear 1.25 on eurchf
  • #7,073
  • May 24, 2012 8:04am May 24, 2012 8:04am
I was going to close my longs a close of play today glad that i didnt.

Tunera did you close all yours out the other day?
  • #7,074
  • May 24, 2012 8:07am May 24, 2012 8:07am
Maybe it was SNB intervention to clear positions, so now they can move the peg to 1.3
Anyway, what happened today it's like a miracle...
Now we know that the pair is not dead.
  • #7,075
  • May 24, 2012 8:08am May 24, 2012 8:08am
Quoting brinks
I was going to close my longs a close of play today glad that i didnt.

Tunera did you close all yours out the other day?

This is what he said
  • #7,076
  • May 24, 2012 8:10am May 24, 2012 8:10am
It is not g to be a problem for Tunera but for all those who has not closed positions yet. It will go under 1,2010 thanks to SNB
  • #7,077
  • May 24, 2012 8:13am May 24, 2012 8:13am
really ?

Quoting bzyqe
I didn't close my longs. I will wait for SNB decision and it apear 1.25 on eurchf
  • #7,078
  • May 24, 2012 8:16am May 24, 2012 8:16am
[quote=rcrist;5697867]This is what he said[/quot

Shame thats why i didnt want to close them as it has happend before that as soon as you do it moves
  • #7,079
  • May 24, 2012 8:17am May 24, 2012 8:17am
if today retailer closed out their earlier longs from the 1.2050 area (where lots of ppl had their average) it could build a good support for the 1.20, because I think that lots of traders will reopen their positions between 1.2010-1.2015
at least I will
  • #7,080
  • May 24, 2012 8:18am May 24, 2012 8:18am
Quoting qatar
It is not g to be a problem for Tunera but for all those who has not closed positions yet. It will go under 1,2010 thanks to SNB

Probably, but today was an incredible oportunity to get out of the trade booking profit.
I so sorry that I closed some of my positions and didn't have enough patience. But I still booked profit and also I got out of this trade that at some point was becoming a nightmare.
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