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EUR/CHF

  • #7,881
  • Jun 14, 2012 8:17am Jun 14, 2012 8:17am
did we have a press conference today? really? my chart looks calm
  • #7,882
  • Jun 14, 2012 8:18am Jun 14, 2012 8:18am
Quoting ForexMGames
The central banks work on a ultra long time frames than many of us traders. They work on monthly, quarterly and yearly time frames. They cannot make new policies based on the 10min or hourly charts. Each new policy that is recommended must go through the proper channels before it is passed.

Keep this in mind when we trade with or against the central banks.
Yap your right, but now we are all betting on how long can SNB print at 7mil/min......It is an emergency, dont think they can wait for "months"
  • #7,883
  • Jun 14, 2012 8:24am Jun 14, 2012 8:24am
Quoting kayla2011
did we have a press conference today? really? my chart looks calm
We need to wait for the betrayed long warriors to exit in these few days. Besides, this pair has grown from a giant elephant to a giant whale, its very heavy
  • #7,884
  • Jun 14, 2012 8:32am Jun 14, 2012 8:32am
Misko I have on my account 2 SL types: guaranteed and non-guaranteed. So, what is in your opinion the difference between these two SL types? My broker already explained me the 2 possibilities : or you open a position with guaranteed SL (spread is 4 pips difference - cost more) but it's safed or you increase your margin from 1% to 2.5%. So, I choose guaranteed SL. They have these two options since April 2008 where it was that huge gap with Lehman Brothers... By the way on Oanda you can do transactions during the weekend but with 100 pips spread....so it's possible trust me if the price is going in the weekend to guaranteed SL will be closed. FX market is not closed - it's 24 hours.
(I apologize for quotting in color. I dont know how to quote properly)

I would run from your broker in a split second. They are definetely not buying/selling anything on the open market in your behalf (like Deutche Bank, TD Ameritrade, Citiforex etc). They are trading against you (Like forex.com, fxcm, oanda, and many others). How on Earth they can guarantee your SL if they have to go on the open market and buy/sell your position to close it, if there is no price on the market that will match your SL at the time of the trade.
  • #7,885
  • Jun 14, 2012 8:48am Jun 14, 2012 8:48am
FxPrimus ECN is the best broker IMO.
  • #7,886
  • Jun 14, 2012 8:52am Jun 14, 2012 8:52am
hallo, in the past i get every night 3 $ for 1 Lot for the eur/chf swaps, yesterday i get still 0.20$ for 1Lot. Is it possible that the broker can change the sawap from one day to the other.
And do have anybody the same problem?
My broker is youtradefx
  • #7,887
  • Jun 14, 2012 9:00am Jun 14, 2012 9:00am
Swiss FM Widmer reiterates looking at emergency measures, cap controls
  • #7,888
  • Jun 14, 2012 9:33am Jun 14, 2012 9:33am
Quoting tim10167
Swiss FM Widmer reiterates looking at emergency measures, cap controls
Means another short squeeze coming
  • #7,889
  • Jun 14, 2012 9:38am Jun 14, 2012 9:38am
Quoting tomplank
FxPrimus ECN is the best broker IMO.

what is the spread/swap on EURCHF?
  • #7,890
  • Jun 14, 2012 9:49am Jun 14, 2012 9:49am
"SWISS FIN. MIN.: Capital controls would be "ultima ratio""

---How do you guys translate this into?
  • #7,891
  • Jun 14, 2012 9:58am Jun 14, 2012 9:58am
Quoting Mishko212
[color=seagreen]Misko I have on my account 2 SL types: guaranteed and non-guaranteed. So, what is in your opinion the difference between these two SL types? My broker already explained me the 2 possibilities : or you open a position with guaranteed SL (spread is 4 pips difference - cost more) but it's safed or you increase your margin from 1% to 2.5%. So, I choose guaranteed SL. They have these two options since April 2008 where it was that huge gap with Lehman Brothers... By the way on Oanda you can do transactions during the weekend but with 100...
I guess guarantee SL is covered by somehow of insurance..that's why it costs more than a normal SL. Speaking with my broker, he said the position is executed on Monday morning at first hour when markets are opening and not during the weekend..even if it's a gap, I don't care if they are covering the lost..this is my risk. My guaranteed SL is far away from the peg. So, you can look like as an insurance during this weekend. For me as a trader is fine as they are fair with me. To tell you they have never let me down in the last year not even on EUR/CHF - I don't see unwanted spikes (like in FXCM platform) or what other are complaining...the lowest value on EUR/CHF during since Oct 2011 was at 1.19969 (when peg was broken for few seconds) and in rest the lowest value was : 1.20053.... I don't want to be put in the situation for my SL to be hit and I prefer not to think about it... I fully trust my broker till they will prove me I'm wrong or do scams. Till this moment, he was completely fair and I understand even his concerns about this. Even so, my previous non-guaranteed SL was even closer to the peg than my actual guaranteed one and was never hit.I hope it will never been hit and hope this for all you all, only TP ... I wish you a good trade to all...and btw my broker is supporting alarms and I'm receiving messages on my phone every time one alarm is hit..Be sure I have plenty alarms put in place to watch what they are doing ....
Speculation converts one man's capital into another man's income
  • #7,892
  • Jun 14, 2012 2:13pm Jun 14, 2012 2:13pm
Quoting cipid2012
I guess guarantee SL is covered by somehow of insurance..that's why it costs more than a normal SL. Speaking with my broker, he said the position is executed on Monday morning at first hour when markets are opening and not during the weekend..even if it's a gap, I don't care if they are covering the lost..this is my risk. My guaranteed SL is far away from the peg. So, you can look like as an insurance during this weekend. For me as a trader is fine as they are fair with me. To tell you they have never let me down in the last year not even on EUR/CHF...
What's your broker?
  • #7,893
  • Jun 14, 2012 2:40pm Jun 14, 2012 2:40pm
Quoting Kfp
What's your broker?
My concern is that SLs with more than 20-25 pips below the peg have little chances to actually be executed.
Very few people will buy EURCHF during those death minutes when the pair will break the peg...
Of course, it is unlikely for the peg to be broken , but if it is...
  • #7,894
  • Jun 14, 2012 3:32pm Jun 14, 2012 3:32pm
EUR/CHF wants to rise up, heavy fight the last hour with high volume...
I wonder who is selling at 1,2011.

The whole thing is more a psychologic thing...the hedge fonds (probably american) who may work against the SNB won't accept that also an other institution rules the market (peg 1.20), cause hedgies are very arrogant, so they want to break the peg.
Just my opinion.
  • #7,895
  • Jun 14, 2012 3:55pm Jun 14, 2012 3:55pm
Quoting rcrist
My concern is that SLs with more than 20-25 pips below the peg have little chances to actually be executed.
Very few people will buy EURCHF during those death minutes when the pair will break the peg...
Of course, it is unlikely for the peg to be broken , but if it is...
Guys,it's about market opening price on Monday morning due greek elections...if that opening price will be way under peg overpassing your SL ...most traders does't have a guaranteed one...suppose an opening with 200-300 pips down it will be a catastrophic situation on market and I am not talking only for Eur/chf,but for all pairs...it is consider a huge risk for this weekend,nobody could anticipate the consequences...look even Oanda suspended the trading during Sunday this week :

http://www.forexfactory.com/news.php?do=news&id=368360
Speculation converts one man's capital into another man's income
  • #7,896
  • Jun 14, 2012 3:58pm Jun 14, 2012 3:58pm
Quoting Kfp
What's your broker?
GFT forex
Speculation converts one man's capital into another man's income
  • #7,897
  • Jun 14, 2012 9:22pm Jun 14, 2012 9:22pm
Quoting cipid2001
Guys,it's about market opening price on Monday morning due greek elections...if that opening price will be way under peg overpassing your SL ...most traders does't have a guaranteed one...suppose an opening with 200-300 pips down it will be a catastrophic situation on market and I am not talking only for Eur/chf,but for all pairs...it is consider a huge risk for this weekend,nobody could anticipate the consequences...look even Oanda suspended the trading during Sunday this week :

http://www.forexfactory.com/news.php?do=news&id=368360...
How is it going to gap down?
  • #7,898
  • Jun 14, 2012 11:37pm Jun 14, 2012 11:37pm
Quoting brinks
How is it going to gap down?
I don't think it's going to gap down below 1.2000.
SNB works 24/7, so no chance except for broker slippage.

Remember the Spanish bank bailout Mon? EURUSD shot up with a 120pips or so, but nothing much on EURCHF. It's easier for EURCHF to go up than to drop following any news on EUR.

I'm prepared for 15pips slippage below.
  • #7,899
  • Jun 14, 2012 11:40pm Jun 14, 2012 11:40pm
Do you know any brokers with low spread?
say 1-1.5 pips on eurchf?

I'm now into scalping after Monday Greece results.
  • #7,900
  • Jun 14, 2012 11:49pm Jun 14, 2012 11:49pm
looks like the market is pricing in no matter who wins the Greek election, they wont leave. is it good or bad for our longs???
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