- #7,843
- Jun 14, 2012 1:06am Jun 14, 2012 1:06am
At least I closed my positions in gain today before my broker will change tomorrow the margin from 1% to 2.5%. They are very caution for the weekend (Greece's election), even if I told them the SNB will protect 24/7 the floor and it will not by a huge gap on opening Monday.
They are saying they can't take the risk and advice me to close and re-open the position with "guaranteed SL" (they have this option) and not with a simple waiting SL order. The fact is "guaranteed SL" is costing : spread + 3 pips. So "guaranteed SL" spread will be in total around 4-5 pips and this is not acceptable for me in the way I'm doing EUR/CHF transaction (scalping). It's not fitting me to have this huge spread due low volatility on EUR/CHF.
So, they are proposing me two options only for EUR/CHF:
1) the account to be with 2.5% margin
or
2) the new opening positions to be with 1% margin, but it's mandatory to be with "guaranteed SL".
They are analyzing this situation if they will keep the options only for this weekend. For them it's a big risk that they don't want to takeand to avoid the situation for the clients to come with unexpected money from their pockets
In rest, they keep the positive swap : 0.8 EUR/lot. So, for now, I will be out from this pair and come back after the weekend.
They are saying they can't take the risk and advice me to close and re-open the position with "guaranteed SL" (they have this option) and not with a simple waiting SL order. The fact is "guaranteed SL" is costing : spread + 3 pips. So "guaranteed SL" spread will be in total around 4-5 pips and this is not acceptable for me in the way I'm doing EUR/CHF transaction (scalping). It's not fitting me to have this huge spread due low volatility on EUR/CHF.
So, they are proposing me two options only for EUR/CHF:
1) the account to be with 2.5% margin
or
2) the new opening positions to be with 1% margin, but it's mandatory to be with "guaranteed SL".
They are analyzing this situation if they will keep the options only for this weekend. For them it's a big risk that they don't want to takeand to avoid the situation for the clients to come with unexpected money from their pockets
In rest, they keep the positive swap : 0.8 EUR/lot. So, for now, I will be out from this pair and come back after the weekend.
Speculation converts one man's capital into another man's income
- #7,852
- Edited 1:48am Jun 14, 2012 1:29am | Edited 1:48am
No, I can't, tell me...
Jordan wants to drive the longs away by saying swiss economy is strong (the facts are lots of main leading indicators are turning south since April),not doing anything, and tell us the cap is not gonna rise.....Time is a very very powerful tool central bank can use. And it certainly worked, just look around, there are soooo many longs got dissapointed today. So, when SNB really do something in the near future, it will be less costly for them.
But this time....SNB is running out of time fast......SNB, have you check the latest Italian and Spanish yield?
Did you see Jordan's research paper 20 years ago?, he is an expert on the problems of imposing a cap....
Iam playing with you Mr. Jordan.......
- #7,857
- Jun 14, 2012 1:59am Jun 14, 2012 1:59am
Jordan wants to invite more shorts to fall into his little trapby saying swiss economy is strong (the facts are lots of main leading indicators are turning south since April) and drive the longs away by not doing anything, tell us the cap is not gonna rise.....Time is a very very powerful tool central bank can use. And it certainly worked, just look around, there are soooo many longs got dissapointed today. So, when SNB really do something in the near future, it will be less costly for them.
But this time....SNB is running out of time...
even if nothing is happening after official announcements. We are always dreaming for something better...we will see how much SNB can keep doing "nothing" to push the pair from the floor and print CHF at this rate....
Speculation converts one man's capital into another man's income
- #7,858
- Jun 14, 2012 2:05am Jun 14, 2012 2:05am
Hahahaha...you are funny...always expecting something big to happen
Paitence, lots of paitence.....
- #7,859
- Edited 2:55am Jun 14, 2012 2:39am | Edited 2:55am
Yap, the only way SNB can stop printing 7mil/min is to do something BIG, No other ways. Just look at how scared all the brokers are? We are at a very critical point now, a very serious crisis.
Paitence, lots of paitence.....
)..Before it was 1%. So, I can almost double my position. At least I have guaranteed SL and if something will happen during the weekend my position will be closed at the guaranteed price, even if the gap will be way below.
Speculation converts one man's capital into another man's income
- #7,860
- Jun 14, 2012 2:43am Jun 14, 2012 2:43am
My broker is funny...now, I've entered in a position with guaranteed SL and surprise : my margin is 0.5% less then before