EUR/CHF | Page 454 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/CHF

Similar Threads

GBP/CHF and USD/CHF 955 replies

Correlation EUR/USD, USD/CHF, EUR/CHF (Humour me please... Thx) 8 replies

EUR/CHF, USD/CHF turning up? 1 reply

Using usd/chf - eur/usd correlation to see moves in EUR/USD 46 replies

Ranging pairs? EUR/CHF, EUR/GBP, AUD/CAD? 0 replies

Attachments: EUR/CHF
Exit Attachments

EUR/CHF

  • #9,061
  • Aug 12, 2012 2:44pm Aug 12, 2012 2:44pm
Have you got the price yet?
  • #9,062
  • Aug 12, 2012 9:22pm Aug 12, 2012 9:22pm
Quoting tonynulty
I think we should have a chat and an asessment on different brokers as they all differ in certain aspects, give your thoughts or experiances and problems you have had, lol
I trade long EURCHF on (standard, non-ECN):
AVA - The best broker for swap. Getting €1.52 per lot. The best swap in the market so far! Good pending orders & TP/SL execution. Max 400:1 leverage. Not so spikey, but recently got 2-3pips slippage. Spread is 4pips on EURCHF, so not so good for scalping.

HotForex - Low dynamic spread usually 2 pips. Sometimes even 1.5pips. Swap is very low (but still +ve) - abt €0.3 per lot. Quite spikey towards low liquidity times, nearing floor. More spikey than AVA. Leverage 1000:1.

Finexo - Almost the same as AVA on execution & spread 4 pips. But swap very low - I'm lazy to check as I got only a little amount there since Sept'11. Not spikey.

Instaforex - The most stable broker - no spikes down at all even during low liquidity times! 3 pips spread. But -ve swap -0.3. They have an option of choosing swap-free accounts regardless u r Muslim or not. Execution is slow, but only 4 decimals on MT4. Leverage 1000:1. So I don't mind buying at 1.2010 with full leverage 1000:1 as it hasn't drop to 1.2000 since Apr 4th.

Exness - I've given up on this one - although the spread is good. Very spikey below 1.2000 - see my previous posts. Also on Fri, they automatically lower leverage to 200:1.
  • #9,063
  • Aug 13, 2012 1:49am Aug 13, 2012 1:49am
Quoting alaneth
I trade long EURCHF on (standard, non-ECN):
AVA - The best broker for swap. Getting €1.52 per lot. The best swap in the market so far! Good pending orders & TP/SL execution. Max 400:1 leverage. Not so spikey, but recently got 2-3pips slippage. Spread is 4pips on EURCHF, so not so good for scalping.

HotForex - Low dynamic spread usually 2 pips. Sometimes even 1.5pips. Swap is very low (but still +ve) - abt €0.3 per lot. Quite spikey towards low liquidity times, nearing floor. More spikey than AVA. Leverage 1000:1.

Finexo -...
Thanks for the info alaneth. I might give AVA a look.
  • #9,064
  • Aug 13, 2012 2:37am Aug 13, 2012 2:37am
Last week only 1(!) Bln has been printed !
  • #9,065
  • Aug 13, 2012 3:46am Aug 13, 2012 3:46am
SNB can keep its EUR/CHF floor in place for years if necessary

Written by Gerry Davies
August 13, 2012 at 08:44 GMT

Head of the government Labour office tells Tages Anzeiger.
  • #9,066
  • Aug 13, 2012 4:15am Aug 13, 2012 4:15am
traders who short eur/chf...perhaps give up the fight..

i believe eur/chf will be 1.25 or 1.3 in this year...
  • #9,067
  • Aug 13, 2012 4:30am Aug 13, 2012 4:30am
Quoting daka
traders who short eur/chf...perhaps give up the fight..

i believe eur/chf will be 1.25 or 1.3 in this year...
I wish what your target will come true. If there is a sudden rise (or peg adjustment), yes we will be rich.

But given the scenario of trading psychology, if there is a gradual rise over say 3 months (SNB printing less CHF now), most traders will TP & exit their longs still near the floor, say in less than 1.2100, hoping it will drop again to 1.2010. But unfortunately it does not & rise again. For a slow gradual uptrend, trailing stops are not good. Who will do a 40pip trailing stop when the price reaches say 1.2080? We will use tighter trails. Then when the stops gets hit, the price goes higher, but we cannot buy much more lots at the higher price. We hope it will drop again close to floor, but it doesn't go so low. Eventually it goes gradually higher till 1.2500. We are full of frustration for letting go our positions at 1.2100......

Yes, SNB can maintain the floor for years, but we traders cannot do much when the price reaches abt 1.2200. Then when reach 1.2500 or 1.3, SNB need not print any more CHF - SNB is the ultimate winner then. The peg can remain in place indefinitely.

If say we got 10 lots now. A gradual rise to 1.30 happens in heavy fluctuations of +/-100pips. How many lots will you think we will have when the price touches 1.3?
  • #9,068
  • Aug 13, 2012 4:40am Aug 13, 2012 4:40am
Quoting alaneth
I wish what your target will come true. If there is a sudden rise (or peg adjustment), yes we will be rich.

But given the scenario of trading psychology, if there is a gradual rise over say 3 months (SNB printing less CHF now), most traders will TP & exit their longs still near the floor, say in less than 1.2100, hoping it will drop again to 1.2010. But unfortunately it does not & rise again. For a slow gradual uptrend, trailing stops are not good. Who will do a 40pip trailing stop when the price reaches say 1.2080? We will use tighter trails....
If you dont want to risk trailing stops incase you get stopped out before a further move up and you really think it will get to 1.25 then you gotta say to yourself i wont touch those positions until we reach 1.25
  • #9,069
  • Aug 13, 2012 5:58am Aug 13, 2012 5:58am
Quoting brinks
If you dont want to risk trailing stops incase you get stopped out before a further move up and you really think it will get to 1.25 then you gotta say to yourself i wont touch those positions until we reach 1.25
Need a really strong psychological willpower & determination to do that...
'Utmost determination' not to close until 1.25.

But I think it will not even touch 1.2100 by year's end given the prolonged EU crisis.
  • #9,070
  • Aug 13, 2012 6:00am Aug 13, 2012 6:00am
Quoting alaneth
Need a really strong psychological willpower & determination to do that...
'Utmost determination' not to close until 1.25.
Hahaha yes I'm not saying that I could do that by the way
  • #9,071
  • Aug 13, 2012 6:30am Aug 13, 2012 6:30am
Quoting alaneth
I trade long EURCHF on (standard, non-ECN):
AVA - The best broker for swap. Getting €1.52 per lot. The best swap in the market so far! Good pending orders & TP/SL execution. Max 400:1 leverage. Not so spikey, but recently got 2-3pips slippage. Spread is 4pips on EURCHF, so not so good for scalping.

HotForex - Low dynamic spread usually 2 pips. Sometimes even 1.5pips. Swap is very low (but still +ve) - abt €0.3 per lot. Quite spikey towards low liquidity times, nearing floor. More spikey than AVA. Leverage 1000:1.

Finexo -...
I would advice you, when you are choosing broker for EUR/CHF 1.2000 situation, look at detailed agreement with broker, because major part of brokers have their rule, that if your margin goes to minus you will have to pay them back .. (i mean if you will hold for example 50 lots with SL 1.1985 and they will not have enought liquidity to close your position and they close it at 1.1935 (gap) your account will be -50 pips against your plan, which is more than 25 000$ more, so be carefull .. Do you remember situation at USD/JPY from last year? when moved about 300 pips in 15 minutes thanks to bad liquidity?)
  • #9,072
  • Aug 13, 2012 6:54am Aug 13, 2012 6:54am
Quoting price trader
I would advice you, when you are choosing broker for EUR/CHF 1.2000 situation, look at detailed agreement with broker, because major part of brokers have their rule, that if your margin goes to minus you will have to pay them back .. (i mean if you will hold for example 50 lots with SL 1.1985 and they will not have enought liquidity to close your position and they close it at 1.1935 (gap) your account will be -50 pips against your plan, which is more than 25 000$ more, so be carefull .. Do you remember situation at USD/JPY from last year? when moved...
Very good point. I think you are referring to whether or not you have negative account balance protection. Exness do have it, and I think that GoMarkets have it also. I am not sure about the others.
  • #9,073
  • Aug 13, 2012 8:04am Aug 13, 2012 8:04am
Quoting alaneth
I trade long EURCHF on (standard, non-ECN):
AVA - The best broker for swap. Getting €1.52 per lot. The best swap in the market so far! Good pending orders & TP/SL execution. Max 400:1 leverage. Not so spikey, but recently got 2-3pips slippage. Spread is 4pips on EURCHF, so not so good for scalping.

HotForex - Low dynamic spread usually 2 pips. Sometimes even 1.5pips. Swap is very low (but still +ve) - abt €0.3 per lot. Quite spikey towards low liquidity times, nearing floor. More spikey than AVA. Leverage 1000:1.

Finexo -...
Thanks for this analysis.
I would like to know also if someone of these brokers has guaranteed stop loss.
My broker is not good because I pay to be long but it offers guaranteed stop loss paying few pips.
  • #9,074
  • Aug 13, 2012 10:09am Aug 13, 2012 10:09am
http://in.reuters.com/article/2012/0...8JD3MQ20120813
  • #9,075
  • Aug 13, 2012 10:12am Aug 13, 2012 10:12am
http://www.bloomberg.com/news/2012-0...mortgages.html
  • #9,076
  • Aug 13, 2012 10:24am Aug 13, 2012 10:24am
I think there is more posibility that the euro collapses that the SNB rises the floor to 1,30
  • #9,077
  • Aug 13, 2012 10:48am Aug 13, 2012 10:48am
Quoting alesss
I think there is more posibility that the euro collapses that the SNB rises the floor to 1,30
Definately no floor rise,
so I don't see any reason for this pair to go up at all.

The week before it looked technically it may go up.
but last weeks close smashed that one.
  • #9,078
  • Aug 13, 2012 11:11am Aug 13, 2012 11:11am
Quoting alesss
http://in.reuters.com/article/2012/0...8JD3MQ20120813
Nothing new.
  • #9,079
  • Aug 13, 2012 11:37am Aug 13, 2012 11:37am
Quoting price trader
I would advice you, when you are choosing broker for EUR/CHF 1.2000 situation, look at detailed agreement with broker, because major part of brokers have their rule, that if your margin goes to minus you will have to pay them back .. (i mean if you will hold for example 50 lots with SL 1.1985 and they will not have enought liquidity to close your position and they close it at 1.1935 (gap) your account will be -50 pips against your plan, which is more than 25 000$ more, so be carefull .. Do you remember situation at USD/JPY from last year? when moved...
Thanks for the advice - I heard of this, but forgot to think about it.

I asked AVA & Hotforex. They have negative balance protection

Haven't checked with Finexo & Instaforex though.
  • #9,080
  • Aug 13, 2012 11:45am Aug 13, 2012 11:45am
Quoting brinks
Definately no floor rise,
so I don't see any reason for this pair to go up at all.

The week before it looked technically it may go up.
but last weeks close smashed that one.
Yes, definately no floor rise.

But SNB is buying less EUR last week - only 1.2B compared to 3-4B per week previously. Perhaps we will see a modest rise in EURCHF in the coming weeks if SNB is relaxing its defence on the floor. Also Swiss & Greek govt just signed an agreement on tax evasions by Greeks transferring funds into Swiss. This may extend to other EU countries.

But I just see this pair following EURUSD pattern. Draghi has more influence on this pair recently than Jordan - maybe because Jordan has no new surprises (too predictable), but Draghi has lots of unscheduled speeches & surprises.
9 traders viewing now