I think a lot of retail longs will close their position if nothing happens this week. But this is not my point, Iam welling to wait for another six months if I have to, my point is letting that fat cat out of the bag to scare the reatil longs away is costing SNB $7 million/minute, how long can SNB afford before they risk Swiss economy into trouble? Act quicker will actually cost the Swiss economy lesser damage. I see they act in these few weeks unless SNB is insane, if SNB is insane and just print print and print..... you know what the inflation...
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I'm with you buddy. I'm going to be very patient on this trade. I'm targeting about 1.2500 level. And If the swiss economy get into trouble, CHF would become weak too, so we also win. If somehow the floor breaks during my wait. I'll take my loss and move on. No risk, No Reward!
Management of the Swiss industry association SGV is urging the Swiss central bank to give up the franc ceiling of 1.20 versus the euro, NZZ am Sonntag reported, citing the association’s internal paper from this month
Management of the Swiss industry association SGV is urging the Swiss central bank to give up the franc ceiling of 1.20 versus the euro, NZZ am Sonntag reported, citing the association’s internal paper from this month
Personally, I want a peg test before Thursday..because in this manner SNB will be forced to act or to introduce some measures (like capital control / negative interest) and then you will see how many hedge funds will give up to this pair.
Speculation converts one man's capital into another man's income
Personally, I want a peg test before Thursday..because in this manner SNB will be forced to act or to introduce some measures (like capital control / negative interest) and then you will see how many hedge funds will give up to this pair.
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The 1.20 floor is constantly under attack which is why the SNB have been spending billions in the last month holding price above it.
Management of the Swiss industry association SGV is urging the Swiss central bank to give up the franc ceiling of 1.20 versus the euro, NZZ am Sonntag reported, citing the association’s internal paper from this month
As long as it takes to hit 1.2500....Look at your USDJPY daily chart see how USDJPY jumped from 76.20 on 1st February to a high of 84.17 on 14th March...Almost 800 pips in exactly One month and 13 days. Don't close your long EURCHF guys. It's pathetic how traders would hold long positions and try to write articles that will make other people close their own long position trades.
As long as it takes to hit 1.2500....Look at your USDJPY daily chart see how USDJPY jumped from 76.20 on 1st February to a high of 84.17 on 14th March...Almost 800 pips in exactly One month and 13 days. Don't close your long EURCHF guys. It's pathetic how traders would hold long positions and try to write articles that will make other people close their own long position trades.
Ignored
I agree with you holding our longs as long as possible. We can carry trade in the meantime as there are some few good brokers left for +ve swap.
Then, take all opportunity to profit & exit from 'nervous' spikes here & there, then reload again. If we put all our effort & our "utmost determination" into this long game, we will have all to gain. EURCHF long is now the safest forex pair to play.
I dunno if u know but around around 2 weeks ago FxPro was paying 3$ per day per lot in EUR/CHF pair if u go long, which was prett good. Right now they moved it to 0,00.
1- Any of you know any Broker paying more than 1$ per lot in EUR CHF ?
2- As u know on day 3 months ago SNB Menetary Policy Minutes was on day day 15 MArch, and as u can see in your MT4 on day 13 March at 18h00 London time EUR CHF was in 1.2050 and suddetnly started its grinding up until 1.2140, which was on day 14 March at 17h00 London Time.
Well this month SNB Mminutes are on day 14 June. So any of you belive that tomorrow ( 12 June) this move will start ? Can it be 90 pips like it wwas 3 months ago ?
I dunno if u know but around around 2 weeks ago FxPro was paying 3$ per day per lot in EUR/CHF pair if u go long, which was prett good. Right now they moved it to 0,00.
1- Any of you know any Broker paying more than 1$ per lot in EUR CHF ?
2- As u know on day 3 months ago SNB Menetary Policy Minutes was on day day 15 MArch, and as u can see in your MT4 on day 13 March at 18h00 London time EUR CHF was in 1.2050 and suddetnly started its grinding up until 1.2140, which was on day 14 March at 17h00 London Time.
Well this month SNB Mminutes...
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The problem is last time the SNB had not said that they wouldnt be raising the floor but this time they have.
they have mentioned capital controls and negative rates but will that be enough for shorts to cover?
