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EUR/CHF

  • #8,321
  • Jun 29, 2012 6:17am Jun 29, 2012 6:17am
tbh the way i see it is the SNB is just waiting for the correct moment to raise the floor.. the correct moment being when the eurozone is relatively stable.

So if German parliament approves the recent initiatives made at the EUR summit /more steps to stabilise the eurozone are established- I would expect them to raise the floor in the very near future.

The reason why it hasn't done it to date despite all the talk and bad economic data is due to market uncertainty. Its already having to actively intervene at 1.2 thus if it raised to 1.25 now/before eurozone stability, it would lose a fortune trying to defend 1.25...

opinions, counterarguments and flaws in my argument welcome!
  • #8,322
  • Jun 29, 2012 6:17am Jun 29, 2012 6:17am
CRAP..... No nothing on EURCHF and it's moving up and up.... and breaking new highs!!!
  • #8,323
  • Jun 29, 2012 6:22am Jun 29, 2012 6:22am
There is market talk of big US companies on the bid of EUR/CHF around the 1.2020/25 mark.
  • #8,324
  • Jun 29, 2012 6:31am Jun 29, 2012 6:31am
Any more news about what is happening?
  • #8,325
  • Jun 29, 2012 6:32am Jun 29, 2012 6:32am
Shame I have close all my longs on 1.2011 , too early
Quoting Long EUR-CHF
Any more news about what is happening?
  • #8,326
  • Jun 29, 2012 6:44am Jun 29, 2012 6:44am
Quoting Long EUR-CHF
Any more news about what is happening?
1.2023... what is so exciting about that no move?
  • #8,327
  • Jun 29, 2012 6:47am Jun 29, 2012 6:47am
Quoting pyb1314
Shame I have close all my longs on 1.2011 , too early
how can you close your position @1.2011? 1.20 is the floor... How much profit did you guys make by scalping this pair between 1.2009 and 1.2011? Or are here some guys with other scalping-tactics?
  • #8,328
  • Jun 29, 2012 7:00am Jun 29, 2012 7:00am
Quoting Swissie
how can you close your position @1.2011? 1.20 is the floor... How much profit did you guys make by scalping this pair between 1.2009 and 1.2011? Or are here some guys with other scalping-tactics?
I had been scalping this pair exactly like this until recently. But my terrible-terrible broker has these unreasonable spikes south, way below the peg, so it kicked me out several times with unpleasant losses. Since then I'm done scalping it. The only remaining position has a relatively safe S/L distance and the T/P to cover the losses.

As soon as I can pull my funds out, I'm done with this broker.
  • #8,329
  • Jun 29, 2012 7:02am Jun 29, 2012 7:02am
Quoting Fradix
I had been scalping this pair exactly like this until recently. But my terrible-terrible broker has these unreasonable spikes south, way below the peg, so it kicked me out several times with unpleasant losses. Since then I'm done scalping it. The only remaining position has a relatively safe S/L distance and the T/P to cover the losses.

As soon as I can pull my funds out, I'm done with this broker.
Almost forgot: without those spikes, scalping EUR/CHF was quite profitable.
  • #8,330
  • Jun 29, 2012 7:07am Jun 29, 2012 7:07am
Quoting lonis7
Be carefull playing with fire.... your stops are ??
Already dead - Stops @ 1.2025...

Luckily small amount - I still have many long positions.... The shorts are for 'hedging'.
  • #8,331
  • Jun 29, 2012 7:08am Jun 29, 2012 7:08am
It seems that nothing has happened just " the SNB doesn't sell EUR anymore"
  • #8,332
  • Jun 29, 2012 7:13am Jun 29, 2012 7:13am
1.2030 !!!- Does anybody know what is happening now???
  • #8,333
  • Jun 29, 2012 7:14am Jun 29, 2012 7:14am
FXstreet.com (Córdoba) - The euro rose to a 1-month high against the franc as the shared currency strengthened following the EU summit, where leaders agreed to move towards stabilizing the bonds market.

EUR/CHF rose toward a high of 1.2030, last seen May 28, but the 100-day SMA acted as dynamic resistance. At time of writing the pair is quoting at the 1.2025 zone, recording a 0.1% gain on the day.

In terms of technical levels, next resistances are seen at the 1.2030 area, daily highs/100-day SMA, and the 1.2075 zone. On the other hand, supports could be found at 1.2010 and 1.2000 ahead of 1.1990.
  • #8,334
  • Jun 29, 2012 7:17am Jun 29, 2012 7:17am
Found the reason :
http://www.fxstreet.com/news/forex-n...6-8c8e51b50615

EU summit, - leaders agreed to move towards stabilizing the bonds market.
  • #8,335
  • Jun 29, 2012 7:18am Jun 29, 2012 7:18am
Yes , I regret now Oanda is a lot of time 1.5 spread these days - easy for scalp.I expected the eu summit to fail, and e/c can down to 1.2008 - place to buy.

Quoting Swissie
how can you close your position @1.2011? 1.20 is the floor... How much profit did you guys make by scalping this pair between 1.2009 and 1.2011? Or are here some guys with other scalping-tactics?
  • #8,336
  • Jun 29, 2012 7:29am Jun 29, 2012 7:29am
Quoting holmes
It seems that nothing has happened just " the SNB doesn't sell EUR anymore"

If SNB is behind this and purposely stopped selling EURO, then I think SNB knows the outflows and return to EUR will begin (if not already beginned) and welling to let EUR/CHF drift higher before unloading its EURO, and make a nice profit out of it.
  • #8,337
  • Jun 29, 2012 7:32am Jun 29, 2012 7:32am
Quoting pyb1314
Yes , I regret now Oanda is a lot of time 1.5 spread these days - easy for scalp.I expected the eu summit to fail, and e/c can down to 1.2008 - place to buy.
i think that eu summit not fail
  • #8,338
  • Jun 29, 2012 7:33am Jun 29, 2012 7:33am
Up up up mr bull!!!! Swisswarrior will drive u to higher and higher!
  • #8,339
  • Jun 29, 2012 7:35am Jun 29, 2012 7:35am
Surely its not fail . I mean , I lost
Quoting night_angel
i think that eu summit not fail
  • #8,340
  • Jun 29, 2012 7:48am Jun 29, 2012 7:48am
Does anybody dare to buy/short at current price?
Do u think we will see 1.2010 again?
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