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EUR/CHF

  • #9,441
  • Sep 5, 2012 8:33am Sep 5, 2012 8:33am
Quoting rcrist
so why eurusd did't move that much?
are we looking at the same pair?
  • #9,442
  • Sep 5, 2012 8:34am Sep 5, 2012 8:34am
I suppose it's because the immediate impact on eurchf could be higher when there are less problems in the eurozone. Most of you said that eurchf is overvalued because it's a safe haven. If risk is reduced there could be massive outflows if eurchf IMO. And EURUSD moved 100 pips...So...
  • #9,443
  • Sep 5, 2012 8:39am Sep 5, 2012 8:39am
Quoting profitoffx
I suppose it's because the immediate impact on eurchf could be higher when there are less problems in the eurozone. Most of you said that eurchf is overvalued because it's a safe haven. If risk is reduced there could be massive outflows if eurchf IMO. And EURUSD moved 100 pips...So...
this is genuine buying interest. rising too slowly to be tripping stops imo
  • #9,444
  • Sep 5, 2012 8:40am Sep 5, 2012 8:40am
Quoting noobiee
are we looking at the same pair?

yes, sorry, eurusd also moved 100 pips...
  • #9,445
  • Sep 5, 2012 8:41am Sep 5, 2012 8:41am
See how dips are bought back. Perhaps we are finally lucky and the upmove starts...
  • #9,446
  • Sep 5, 2012 8:41am Sep 5, 2012 8:41am
wow i nearly fell off my chair having got home from being out!

anyone got any ideas about whats happening?
  • #9,447
  • Sep 5, 2012 8:42am Sep 5, 2012 8:42am
What a nice move in the EURCHF! However, lets all remember the last few times it went up like this.

Take a look at a daily chart people. I seem to think that in my opinion it will be one of those temporary rises for 1 or two days then by the time you know it, it will be back down to 1.2011 again.
  • #9,448
  • Sep 5, 2012 8:50am Sep 5, 2012 8:50am
Quoting phil3526
What a nice move in the EURCHF! However, lets all remember the last few times it went up like this.

Take a look at a daily chart people. I seem to think that in my opinion it will be one of those temporary rises for 1 or two days then by the time you know it, it will be back down to 1.2011 again.

Let's see how fast it's droping... 1.2028 already
  • #9,449
  • Sep 5, 2012 8:51am Sep 5, 2012 8:51am
Quoting rcrist
Let's see how fast it's droping... 1.2028 already
not surprising because the move was entirely based on rumours.. but imo the move still has legs.. some US hedge fund bought fresh
  • #9,450
  • Sep 5, 2012 8:53am Sep 5, 2012 8:53am
Quoting noobiee
not surprising because the move was entirely based on rumours.. but imo the move still has legs.. some US hedge fund bought fresh

there are usually few more spikes after a spike like that...
the secret is to know when to reload...
  • #9,451
  • Sep 5, 2012 8:54am Sep 5, 2012 8:54am
Quoting rcrist
there are usually few more spikes after a spike like that...
the secret is to know when to reload...

Anyway, it made my day...
  • #9,452
  • Sep 5, 2012 8:54am Sep 5, 2012 8:54am
I short again at break even. Next stop 1,2070. Less lots
  • #9,453
  • Sep 5, 2012 8:55am Sep 5, 2012 8:55am
Quoting rcrist
there are usually few more spikes after a spike like that...
the secret is to know when to reload...
if you looked at the M1, it actually made 3 "spikes" though its too slow to be considered spikes imo. still holding on for 1.2070..
  • #9,454
  • Sep 5, 2012 8:56am Sep 5, 2012 8:56am
Quoting qatar
I short again at break even. Next stop 1,2070. Less lots
english please
  • #9,455
  • Sep 5, 2012 9:01am Sep 5, 2012 9:01am
Quoting noobiee
english please

Sorry, now my exposure in a new short position in EURCHF will be smaller (after my previous short postion has been closed by a stop order).
  • #9,456
  • Sep 5, 2012 9:05am Sep 5, 2012 9:05am
I expect daily close at 1,2019. If there is no fundamental reason it can't stay above 1,2030 for long.
But whoever is that crazy and shorting...very risky.
  • #9,457
  • Sep 5, 2012 9:07am Sep 5, 2012 9:07am
Quoting Napoleon180
I expect daily close at 1,2019. If there is no fundamental reason it can't stay above 1,2030 for long.
But whoever is that crazy and shorting...very risky.
Me, too - I wouldn't be brave enough to do this. From the beginning it was clear it's very risky to bet against a central bank...now it becomes even riskier IMO.
  • #9,458
  • Sep 5, 2012 9:09am Sep 5, 2012 9:09am
And dips are once again bought back. I guess we could even see a close way above 1,2020! If it makes another high it means there's still steem in it.
  • #9,459
  • Sep 5, 2012 9:09am Sep 5, 2012 9:09am
Quoting Napoleon180
I expect daily close at 1,2019. If there is no fundamental reason it can't stay above 1,2030 for long.
But whoever is that crazy and shorting...very risky.
it closed 1h above 30..that should be enough good sign
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #9,460
  • Sep 5, 2012 9:13am Sep 5, 2012 9:13am
i closed half on that potential double top. tbh, all ready to close the other
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