DislikedYou are right, but I see small problem. It is a swarn of small traders, and all of them understand (PEG) and belive SNB. Eurchf 1.4 in 2-3 years is possible target, but first we must go for just one second under 1.2... maybe to 1.19, 1.18 depends, where are stops and margin closes. I see in 10 years usdchf 0.7 and eurchf 1. Look at long term capital flow from usd and eur.Ignored
Hi CHFtrader, to be honest, I don't think the SNB gives a sh.. about our positioning as retail traders. While the SNB is too big to fail, we are just too small to matter. We are talking hundreds of billions here, and when you start translating that into lots and minilots you get the basic picture. We are just like a bunch of flies sitting on a lions prey - the lion couldn't care less and won't spend much energy on getting rid of us, for however many of us as will go bust at 1.19 and below, EUR/CHF would immediately get burdened again with twice as many other retailers buying the dip. Just as flies for the lion, retailers for a central bank are just part of the landscape. 1.35 may make you a wealthy man, but believe me: you, me and our grandmothers selling our couple of lots at 1.35 won't threaten to throw Switzerland into recession!