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EUR/CHF

  • #10,381
  • Apr 23, 2013 9:24am Apr 23, 2013 9:24am
Quote
SNB Intervention . Or do you know any other reason for today's break up ? 1.224x...

I would also like to know the reason it is 1.2256 already
  • #10,382
  • Apr 23, 2013 9:26am Apr 23, 2013 9:26am
Quoting rcrist
SNB Intervention . Or do you know any other reason for today's break up ? 1.224x...
No idea. I've been looking for news, but I must be looking in the wrong places! I don't see SNB intervening this far away from the 1,20 limit.
  • #10,383
  • Apr 23, 2013 9:36am Apr 23, 2013 9:36am
Quoting Plofkip
{quote} Oh, yes please! At 1,23 my over-eager long from early February will be finally coming up for air for the first time since mid-March. PK
Ok, Bears Ladies and Gentlemen do not show us your face before 1.23, Mr. Plofkip want to close a position
Trade according to current market condition, not what you think would be.
  • #10,384
  • Apr 23, 2013 9:37am Apr 23, 2013 9:37am
My Baby on its way, Minor Resistance 1.2266 followed by 1.23. Bears waiting there.
Crash them and our positions are freely up to 1.2390
Trade according to current market condition, not what you think would be.
  • #10,385
  • Apr 23, 2013 9:47am Apr 23, 2013 9:47am
EURCHF Vol higher.. Rumors of repeg
  • #10,386
  • Apr 23, 2013 9:50am Apr 23, 2013 9:50am
Quoting J.Clinton
Ok, Bears Ladies and Gentlemen do not show us your face before 1.23, Mr. Plofkip want to close a position
: - )))

I don't want to close it yet. I want it back in the black by a couple of hundred pips and then I'll close it. 1,25 would be fine. Any time Switzerland wants to appoint Silvio Berlusconi as premier suits me.
PK
  • #10,387
  • Apr 23, 2013 10:52am Apr 23, 2013 10:52am
Quoting rcrist
{quote} SNB Intervention . Or do you know any other reason for today's break up ? 1.224x...
c'mon they dont intervene, you could see it on their reserves straight by next monday
reason is that it has changed its behaviour as simon73 told in his last post with a perfect chart: pullback-consolidation-accumulation an then break.
that's what it does since last september

wouldn't be suprised with 1,3 in 6 month just look at the yen, this pair can do it even in 2-3 weeks but also in one year. (added 25% L@1,214-1,215)
  • #10,388
  • Apr 23, 2013 6:58pm Apr 23, 2013 6:58pm
Monthly Resistance 1.2317 the next market goal. A Monthly close above and we are to 1.236 and 1.239(might be tomorrow). We may see 1.30 in few weeks or maybe days f the momentum catch up like was today.
Trade according to current market condition, not what you think would be.
  • #10,389
  • Apr 24, 2013 1:16am Apr 24, 2013 1:16am
Quoting J.Clinton
Monthly Resistance 1.2317 the next market goal. A Monthly close above and we are to 1.236 and 1.239(might be tomorrow). We may see 1.30 in few weeks or maybe days f the momentum catch up like was today.

Don't worry , it will fall back . It always does it.
  • #10,390
  • Apr 24, 2013 1:42am Apr 24, 2013 1:42am
Quoting pipxster
{quote} c'mon they dont intervene, you could see it on their reserves straight by next monday reason is that it has changed its behaviour as simon73 told in his last post with a perfect chart: pullback-consolidation-accumulation an then break. that's what it does since last september wouldn't be suprised with 1,3 in 6 month just look at the yen, this pair can do it even in 2-3 weeks but also in one year. (added 25% L@1,214-1,215)

I think it was the market talk that moved the pair up, maybe with a little help from SNB. Probably they lauched the rumour themself.
It will fall back tomorrow and/or next week
  • #10,391
  • Apr 24, 2013 1:54am Apr 24, 2013 1:54am
Quoting rcrist
{quote} Don't worry , it will fall back . It always does it.
It has been like this for a long time but this game must end some time,
  • #10,392
  • Apr 24, 2013 2:02am Apr 24, 2013 2:02am
Quoting rcrist
{quote} I think it was the market talk that moved the pair up, maybe with a little help from SNB. Probably they lauched the rumour themself. It will fall back tomorrow and/or next week
If it fall from 1,3, i dont mind

Updated chart:
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf3.gif Size: 40 KB
  • #10,393
  • Apr 24, 2013 2:05am Apr 24, 2013 2:05am
Quoting Simon73
{quote} If it fall from 1,3, i dont mind Updated chart: {image}

To me it works both ways, I just hope to have enough patience to keep my long positions up to 1.3
  • #10,394
  • Apr 24, 2013 2:10am Apr 24, 2013 2:10am
Quoting holmes
{quote} It has been like this for a long time but this game must end some time,

There will always be something to drags this pair down. Italy, Spain, Greece, Cyprus... Portugal... and big guys buy CHF...
There is always room for bad news.
  • #10,395
  • Apr 24, 2013 2:37am Apr 24, 2013 2:37am
Quoting rcrist
{quote} There will always be something to drags this pair down. Italy, Spain, Greece, Cyprus... Portugal... and big guys buy CHF... There is always room for bad news.
These matter to us not the SNB, as far as there is a tighter fiscal policy in E.Z and as Super Mario said we have a bigger Europe not narrower, there will be no threat for the SNB to add Euro as reserves.
  • #10,396
  • Apr 24, 2013 2:43am Apr 24, 2013 2:43am
Quoting holmes
{quote} These matter to us not the SNB, as far as there is a tighter fiscal policy in E.Z and as Super Mario said we have a bigger Europe not narrower, there will be no threat for the SNB to add Euro as reserves.

Let's see what happens next in this peg game
  • #10,397
  • Apr 24, 2013 4:17am Apr 24, 2013 4:17am
1.2300
  • #10,398
  • Apr 24, 2013 4:23am Apr 24, 2013 4:23am
Simon73 called it four/five days ago:
Quoting Simon73
If we see the last two breakout, there are some common things: - consolidating for 20-50 days with smaller ATR (accumulation phase) - strong support level (50,100, 200 DAY MA) - Local minimum in the ATR - Short covering sentiment Now we have: - consolidating till 24 days (accumulation phase) - strong support - and relative low ATR - today the sentiment seems to Short covering, in Gold, JPY, EUR, and indexes So I think the break out getting closer day by day And one more: Before the breakout the EUR/CHF forum activity has minimum level. This week...
Nice job.
My long at 1,23 just (5min ago) gasped its first air for more than a month.
And the sun is shining in Amsterdam.
:-)
PK
  • #10,399
  • Apr 24, 2013 4:32am Apr 24, 2013 4:32am
Quoting Plofkip
Simon73 called it four/five days ago: {quote} Nice job. My long at 1,23 just (5min ago) gasped its first air for more than a month. And the sun is shining in Amsterdam. :-) PK

I would close today or tomorrow if I were you.
  • #10,400
  • Apr 24, 2013 4:36am Apr 24, 2013 4:36am
rcrist: why?
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