EUR/CHF

Yeah it spiked in the USD/CHF too.

Let's go baby!

SNB fast action maybe to close stops from shorts..to scary them . Maybe tomorrow, we will see some movement up.

lol dont blink you might miss it

I have alarms and all triggered messages in cascade on my mobile ...
EUR/CHF spiked 60 pips to the upside to 1.2076


http://www.forexfactory.com/images/misc/news_quote.gif EUR/CHF spiked 60 pips to the upside to 1.2076, nothing fundamental behind the move, market liquidity remains thin, move was quickly pared

EURUSD, M1, 2012 August 06
every month...?...the same procedure as last month and the month before

what was that, a big buy and then snb sell i guess.

be careful. they can do the same, but below the 1,20. It's very dificult to earn money with this pair

wow. i shit my pants as well when i checked it.

do you all are execute your tp?my tp was 1,2072 but my broker was just 1,20617. every other broker was below 15 pips higher. what can i do to get my tp from my broker?

Anybody have any sell orders triggered?

sorry to say bro but nothing. for example, my highest peak was 1.20800

I think a nice little storm is brewing. Could it be the SNB's "utmost determination" is not enough? Or will they adjust the peg lower? 1.2 is just another number, if the economy would be better with 1.1 why would they not change it. The swiss are a bit "different" but they are not stupid.

Fact: CHF is moving hand in hand with the Yuro ever since the peg was announced. CHF is not a safe haven but more like "risk" these days. EUR/USD and CHF/JPY look quite the same. Last weeks nasty (and painful) spike on U/CHF (and E/U, and C/J ...) ... price ran hundreds of pips in no time, like a hot knife through butter ... today again, 60 pips in a flash ...

Maybe it's just summer volatility .. maybe I'm just seeing things ... anyway you can't blow your account being cautious ... I think I'll give the franc a little miss.

If this 70pip spike happen 2 the downside in just 1min (considering abt say 30 ticks); do u think SNB can intervene in time to save 1.2000??

Hey there, i saw the same quick spike on both my brokers charts (exness and go markets). I had some order to sell some lots at 1.2020, and they executed.

Wish I had some orders for 1.2070!

I love it when markets do stuff like this. These are some of the inefficiencies traders create amongst themselves and can be taken advantage of. If you're quick! haha

Lesson learnt set take profits haha

and when everyone set TP to 1.2060, they move the peg to 1.30 ...

who is making this huge spike? any news ?

I dont know if it was just a fat finger.

Anyone think the shorts were stopped out for a move higher?