Free market CHF chart? | Forex Factory

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Free market CHF chart?

  • #1
  • First Post: Aug 15, 2012 11:50am Aug 15, 2012 11:50am
what the f? is this a free market chart? i have never ever seen in my life such a chart. have you? did you by any chance made a profit in it in the last months?
if all the charts begin to resemble this i would seriosly reconsider my trading aproach.
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  • #2
  • Aug 15, 2012 12:04pm Aug 15, 2012 12:04pm
Quoting deltatrade
if all the charts begin to resemble this i would seriosly reconsider my trading aproach.
Same stuff really; buy low, sell high and watch out for the manipulations.

If the range was wider on that pair it would be a beauty to trade.
  • #3
  • Aug 15, 2012 2:30pm Aug 15, 2012 2:30pm
Yeah, that is grotesque. Like a cardiograph, of a heart attack.
The USD/CNY looks the same, just bigger swings.
I wouldn't touch it with a barge pole. The SNB has this fetish, buying euros and watering down their own good francs. But they already have massive euro reserves.
Quoting deltatrade
what the f? is this a free market chart? i have never ever seen in my life such a chart. have you? did you by any chance made a profit in it in the last months?
if all the charts begin to resemble this i would seriosly reconsider my trading aproach.
forget about tomorrow, just steal away into the night
  • #4
  • Aug 15, 2012 10:42pm Aug 15, 2012 10:42pm
Didn't you know? The SNB pegged the Chf to the euro in a band a while back. Can't remember when, but less than a year ago.



Quoting deltatrade
what the f? is this a free market chart? i have never ever seen in my life such a chart. have you? did you by any chance made a profit in it in the last months?
if all the charts begin to resemble this i would seriosly reconsider my trading aproach.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #5
  • Aug 16, 2012 1:38am Aug 16, 2012 1:38am
i always thought that interventions were a part of the game but this is way too much.
  • #6
  • Last Post: Aug 16, 2012 3:35am Aug 16, 2012 3:35am
Not to worry, you're only a year late on the news about Eur/Chf.
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