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Attachments: EUR/CHF
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EUR/CHF

I just dont know how you people fight with negative SWAP ?! Its killing me
Quoting Urosh1
I just dont know how you people fight with negative SWAP ?! Its killing me
well, my longs are usually in play for abt 2 to 5 days before i exit, and the reward usually far exceeds the negative swaps. where was your entry?
What i find most frustrating about this pair is it has a big bullish move(for this pair 30 pips is big) then straight away the next day bang sell sell sell.

And before anyone says yes i know we were getting up to 1.22300 resistence area yesterday.
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Quoting mamalujo
{quote} well, my longs are usually in play for abt 2 to 5 days before i exit, and the reward usually far exceeds the negative swaps. where was your entry?
1.2230 , but always think that price will continue to rise, like today, and , again again and again stop at level 1.2210 !!!
Wat a BS day for EC that would not end for good. 3-5 pip movement!!!
Enjoyed longing Gold and the Yieldings besides shorting Sterling. Others were not worth to trade.
Trade according to current market condition, not what you think would be.
Swiss PPI all negative -0.3 mom and -1.2 yoy against 0.0 and -0.5 expected

Does anyone on here think that if the ECB cuts rates that the SNB will go negative and with no inflation in switzerland shouldnt they do more anyway?

Default sellers at 1.22100 doing the trick again
OK, it's time to break 1.2210!!!! now now now
and fly to 1.25 !!!
GO UP!
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Quoting ssokol
OK, it's time to break 1.2210!!!! now now now and fly to 1.25 !!!

I think it needs to break 1.22540 before we get to excited


CHF weakening on talk of SNB raising EURCHF floor

Another bs move coming from eur/chf.

wow thats all i can say
No surprise, roubinis comments just caused speculative bets on weakness, until I hear Jordan himself talk about raising the floor it means nothing.
Heard my dogs bark in a musical song "floor raise" Wat a bunch of stupid manipulators, when it goes to 1.2230 all become men, have a loud voice to speak!
I want to read or hear such voices now!! Ridiculous story repeated
Not longing before 1.2175-85, will not be surprised if it crashes 1.2170 too
Trade according to current market condition, not what you think would be.
EC Bulls must be prepared for a dip to the 1.2110s or even 1.2010-50 if it breaks 1.21
There are many factors that will accompany the drop like ECB applying negative rates in June(even a cut in rate will do some shaking), SNB meeting will be two weeks after ECB decision, there's time for the drop before a spike or maybe intervention by the SNB in its June meeting. I don't think that the market is ready to take EC anywhere even up 1.2250 before that time. Longs are located now at 1.2190s followed by 1.2170s under normal market conditions
Notice UJ nearing a very strong support just above 101, a break and there's no support before 100 psychological level.
We are heading from now till a month time to a very dangerous market movement, BE AWARE!

The more horrific may come from the political side that will be the real danger as there are serious talks about Russia, China, and other Bric Countries will stop dealing with the dollar in its trades. I believe this will leave big consequences on currency trading and particularly UC and UJ(EC will follow too).

Don't like to sound pessimistic, but it's always wise to take cautious measures in such situations
Trade according to current market condition, not what you think would be.
Quoting J.Clinton
EC Bulls must be prepared for a dip to the 1.2110s or even 1.2010-50 ...
Won't argue with you on this. You certainly know more about short term market dynamics than I do.

Quoting J.Clinton
.. there are serious talks about Russia, China, and other Bric Countries will stop dealing with the dollar in its trades. I believe this will leave big consequences on currency trading and particularly UC and UJ(EC will follow too) ..
Not so sure about this, though.
Russia is run by a maverick who could do anything, but I believe China is more rational and is not in any hurry to see the USD fall in value: (1) it owns too much USD debt and (2) it has been very resistant to appreciation of the Yuan against the USD (an artificially cheap Yuan is important to Beijing, as it helps keep domestic demand focused on domestic output and keeps China's exports cheap).
Suppose, though, that there was a mass move away from the USD as a trade (and thus reserve) currency. What would that mean? It would mean more demand for the EUR.

For the record: I am myself still long at 1,23 from more than a year ago. Way under water, but picking up modest daily roll and happy to wait.
Between Sep2012 and Jan2013 I doubled my capital with one EURCHF long, and I am happy to wait to do this again .. eventually. If I can double my capital every two years, I am on target.

Beautiful day in Amsterdam today. :-)
I've heard that EURUSD could break 1.5 shortly after the BRICs move away from the USD as a trading/reserve currency (The Russia-China gas deal later this week could well be the first domino). Where are we likely to see EURCHF on the back of this?

Is it really in China's interest (who have the majority of their $3trn fx reserves in US denominated assets) to see USD suffer a permanent decline in value?

On a separate note, the SNB last week refused to comment on Roubini's comments regarding the floor rise to 1.25 - 1.30. Was he just full of BS?!
@Plofkip Cool down, think first, don't let your emotions interfere. If wanna act similarly would say damn the whole soviet union blah blah blah.
Leads to nowhere. Not dealing with the dollar have many side effects, demand on Euro is not sure, investors would prefer buying yen and swiss franc as the classical safe haven currencies, that will drop EC quickly. If Euro strength would mean EC up,why is it only 1.22 now ?
Not a year or more ago, but last January EC was at 1.24, this shows what a great trader you are, having a long at 1.23(as you say!!) and had not exited it!
Anyway, having your best goal to double your account every 2 years say it all Pros think and work on doubling it each month or so
Absolutely, Amsterdam lovely city enjoyed it much with its beautiful hotties
Trade according to current market condition, not what you think would be.
@JamesCaan I believe the war of currencies is yet to come. It would be accompanied by a big political change move!
Really don't care if EC would spike from now till next month ECB and SNB to 1.25 Don't like to live on hopes but being realistic is important in trading.
Other bulls who are longing now or have separate long positions from 1.22 to 1.24 will be affected heavily by any reckless ECB and SNB decision, even if EC does not break 1.20 in the time being and hold around that area, while my worst night dream or loss if EC keeps climbing up from here, not going to my long targets from 1.21 down to 1.2010 would simply be NO TRADE Lots reserved for EC to go up 20-30 pip(at best) per day are being spent on other more interesting pairs

I'll not be surprised if EC unexpectedly keeps going against my desire like it's doing now around 1.2230s(still under control as long as under and not forming a bullish movement from 1.2250), it will go down again much harder in June.
Easy Equation: Up before June decisions means down at June, down before June decisions means up after it.
I think and feel EC may go nowhere until SNB decides to remove the floor, unless it decides to raise it!
To tell a secret, many internal sources from brokerage firms LP's big banks have the same thoughts, and it doesn't come from no info
Anyone doubted, what if EC goes back to 1.20-1.21 staying there, and for whatever reason after sometime SNB says it's time to remove the peg, the economy views are positive..etc What was bad yesterday might not be today. Got the idea
I might turn out right or wrong but when am right am gaining a lot and when am wrong am loosing a little or nothing, only because I know when to apply my safety measures
Trade according to current market condition, not what you think would be.
Quoting J.Clinton
If Euro strength would mean EC up,why is it only 1.22 now?
Er, because the EUR is not strong now? It's high against the USD not because the EUR is strong but because the USD is weak, as a result of the Fed printing money (while the ECB did not). I do take your point though about the effects (or the short term effects) of a coordinated BRICS move away from use of the USD as trade/reserve currency. Personally, I do not believe that a coordinated shift of this sort is likely to take place, but sentiment is fact over the short term and rumours of it could have flight-to-safe-haven repercussions. The longer term implication would be a structural increase in demand for the EUR.

Quoting J.Clinton
.. last January EC was at 1.24, this shows what a great trader you are, having a long at 1.23 .. and had not exited it!
I do not claim to be a great trader, and I'm certainly not a professional, but 100 pips isn't enough. I am waiting for another big wn. In my opinion this whole consumer forex trading business is about brokers making money out of amateurs who believe themselves professionals until they have no capital left. I'm not in that kind of hurry. It's not sexy, but doubling my capital every two years gives me enough to live on (and enjoy most of what Amsterdam has to offer .. although I don't smoke weed and haven't bought sex for years!).
Quoting Plofkip
{quote} It's not sexy, but doubling my capital every two years gives me enough to live on (and enjoy most of what Amsterdam has to offer .. although I don't smoke weed and haven't bought sex for years!).
What else does Amsterdam have to offer?
Quoting Plofkip
{quote} Er, because the EUR is not strong now? It's high against the USD not because the EUR is strong but because the USD is weak, as a result of the Fed printing money (while the ECB did not). I do take your point though about the effects (or the short term effects) of a coordinated BRICS move away from use of the USD as trade/reserve currency. Personally, I do not believe that a coordinated shift of this sort is likely to take place, but sentiment is fact over the short term and rumours of it could have flight-to-safe-haven repercussions. The...
Anyone can become a Great trader that imply growing the account consistently, if has some years of technical experience, aware of the fundamentals, common sense, logic, money management, and knows when not to trade.

Only a f**l and nerd pays for sex. Every man must know his value and whatever the beauty is seductive, he's the GIFT
Trade according to current market condition, not what you think would be.
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