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EUR/CHF

  • #11,881
  • Jun 12, 2014 2:15pm Jun 12, 2014 2:15pm
Quoting kenrookie
#mamalujo: its been a long time since the last 100pips..or never... but if this happen...it will be real good. #Lover Man: If it keeps going down... it will hit my stop loss and the loss will be huge for me. so hopefully everything goes my way.

Are your stops above or below 1.20?
  • #11,882
  • Jun 12, 2014 2:40pm Jun 12, 2014 2:40pm
Dudes, you misunderstood my opinion despite it was clear
This is what I said: "I want EC around 1.21 or in between it and 1.2050s to enjoy some 100 pip spike from there even with no intervention by SNB next week"
I had not say 100 pip from current price but in between 1.2050s and 1.21. I expect several spikes from time to time just as the time EC was at 1.2010-20 and used to spike some 50-80 pips from time to time. But this time the first dip to 1.2050-1.21 will be quickly followed by a good spike before it goes down and up many times.
If anyone remember my past post some 2 months ago. I said EC will continue moving in a cycle of up to 1.2250 followed by down to 1.2150, up to 1.2200 followed by 1.21 and so on like lower highs lower lows. I doubt it can go below 1.2050 for the seen future.
Am surprised it's having this strong 1.2170 support , seems to be betting on holding 1.2165-70 as monthly support, can't see any other reason.
However, what's obvious too, there's big bear strength but somebody(huge bull) putting full strength to hold on 1.2165-70.
The question: how deeply heavy will EC drop if 1.2165-70 get broken? Would even around 1.2140 hold or would it break all the way to around 1.21
Trade according to current market condition, not what you think would be.
  • #11,883
  • Jun 13, 2014 2:23am Jun 13, 2014 2:23am
Quoting J.Clinton
Dudes, you misunderstood my opinion despite it was clear This is what I said: "I want EC around 1.21 or in between it and 1.2050s to enjoy some 100 pip spike from there even with no intervention by SNB next week" I had not say 100 pip from current price but in between 1.2050s and 1.21. I expect several spikes from time to time just as the time EC was at 1.2010-20 and used to spike some 50-80 pips from time to time. But this time the first dip to 1.2050-1.21 will be quickly followed by a good spike before it goes down and up many times. If anyone...
I understood you J

I think it is just going to creep lower then stay at those levels in a tight range no spikes just like before after 1.20 was introduced
  • #11,884
  • Jun 14, 2014 7:31am Jun 14, 2014 7:31am
Quoting brinks
{quote} Are your stops above or below 1.20?
my stops are below 1.20. will it be a problem?
  • #11,885
  • Jun 15, 2014 9:24am Jun 15, 2014 9:24am
Quoting kenrookie
{quote} my stops are below 1.20. will it be a problem?

Never say never but you have got the SNB watching your back for now so should be safe.
  • #11,886
  • Jun 15, 2014 9:29am Jun 15, 2014 9:29am
Quoting kenrookie
{quote} my stops are below 1.20. will it be a problem?
No. They will be fine.
  • #11,887
  • Jun 15, 2014 6:06pm Jun 15, 2014 6:06pm
Quoting brinks
{quote} I understood you J I think it is just going to creep lower then stay at those levels in a tight range no spikes just like before after 1.20 was introduced
After all that support 1.2165-70, couldn't find how it will stay lower or even reach that low to 1.20!! Few days to SNB, expecting not much, Longs located 1.2165-70 1.2140 1.210s and 1.2050s. Am more comfortable longing on the 2 latter levels especially that am treating EC just as any other pair in terms of stops on current and higher levels.
Had been disgusting waiting for the break of 1.2165-70, changing my positioning, for it not to come!!! 1.210s and 1.2050s 100 pip from the peg is much more tempting, at least for the first drop there.
Trade according to current market condition, not what you think would be.
  • #11,888
  • Jun 15, 2014 6:10pm Jun 15, 2014 6:10pm
Quoting kenrookie
{quote} my stops are below 1.20. will it be a problem?
The problem would not be in that, peg will not break. But in EC staying below 1.2050 for many weeks or months!!!
As many here know, am not a fan of long and leave for further notice, even if it's EC or whatever pegged pair.
Time is money, many other pairs are much more worth my investment
Trade according to current market condition, not what you think would be.
  • #11,889
  • Jun 17, 2014 12:09am Jun 17, 2014 12:09am
On the daily chart, the price is inside a bullish channel and concurrently we see 2 harmonic patterns. According to the time being fulfilled, we are expecting to have a growth if the condition was good enough.


http://forex-fa14.blogspot.com/


Attached Image (click to enlarge)
Click to Enlarge Name: eur chf.gif Size: 82 KB
  • #11,890
  • Jun 18, 2014 12:38pm Jun 18, 2014 12:38pm
I believe around 1.2140 would not be left untested before SNB. FOMC might be the fuel for that, but I doubt it would break before SNB.
Strategy: Before SNB Long 1.2140-45 Take Profit initially 1.2175 or as you want if long term.
Long around 1.21 and 1.2050s after SNB.
Trade according to current market condition, not what you think would be.
  • #11,891
  • Jun 19, 2014 12:57am Jun 19, 2014 12:57am
EC seems to be held on current levels by whoever for whatever reason. With SNB, FED, ECB or without all, nothing would change in its movement
Nearest target to Long other than the 1.2165-70 is around 1.2140 If nothing happens after SNB, stays moving in this manner, gonna consider longing on current level even if that would mean riding the bus of **** longing for no technical reason, just like TP would be for the number not price!
Will keep it as a long term trade until further notice despite preferred this BS to move for this short range in 1.2050-1.21 not having 1.2165-70 support!!

Anyone Longing before SNB?
Trade according to current market condition, not what you think would be.
  • #11,892
  • Jun 19, 2014 1:39am Jun 19, 2014 1:39am
Quoting J.Clinton
EC seems to be held on current levels by whoever for whatever reason. With SNB, FED, ECB or without all, nothing would change in its movement Nearest target to Long other than the 1.2165-70 is around 1.2140 If nothing happens after SNB, stays moving in this manner, gonna consider longing on current level even if that would mean riding the bus of **** longing for no technical reason, just like TP would be for the number not price! Will keep it as a long term trade until further notice despite preferred this BS to move for this short range...

I'm not looking for longs before the SNB.
It looks like EC is going to go into a 10 pip range like it did after the floor was introduced.
  • #11,893
  • Jun 19, 2014 3:03am Jun 19, 2014 3:03am
Quoting brinks
{quote} I'm not looking for longs before the SNB. It looks like EC is going to go into a 10 pip range like it did after the floor was introduced.
You're very optimistic. 3-5 pips including spread would be the UTMOST
Was using EC heavy lots for Gold Trading. Exited my Post-FOMC Gold Long at 1281.50 in optimism that would use the lots to get a good low entry on EC.
Back to bed. Thank you Gold. Good Night EC See you in Good Morning Hopefully
Pending EC Longs 1.2145 and 1.2113
Trade according to current market condition, not what you think would be.
  • #11,894
  • Jun 19, 2014 4:20am Jun 19, 2014 4:20am
SNB headlines latest monetary policy statement with reaffirmation of 1,20 peg.
Significant in my opinion because you only make something so central to your communication if you believe that it might again be tested.
Attached File(s)
File Type: pdf 140619 SNB press release.pdf   142 KB | 424 downloads
  • #11,895
  • Jun 19, 2014 5:18am Jun 19, 2014 5:18am
Quoting Plofkip
SNB headlines latest monetary policy statement with reaffirmation of 1,20 peg. Significant in my opinion because you only make something so central to your communication if you believe that it might again be tested. {image}
I dont think it means anything its all they have got and they make it central to all communications
  • #11,896
  • Jun 19, 2014 5:29am Jun 19, 2014 5:29am
Quoting brinks
{quote} I dont think it means anything its all they have got and they make it central to all communications
Oh, yes, you're right. I thought I'd noticed references to the peg becoming less prominent, but I was not comparing like with like. All of the recent Monetary Policy Assessments start in exactly the same way. My bad.
  • #11,897
  • Jun 19, 2014 5:59am Jun 19, 2014 5:59am
Quoting Plofkip
{quote} Oh, yes, you're right. I thought I'd noticed references to the peg becoming less prominent, but I was not comparing like with like. All of the recent Monetary Policy Assessments start in exactly the same way. My bad.

I think your right about it heading lower though
  • #11,898
  • Jun 19, 2014 7:23am Jun 19, 2014 7:23am
So the 100 pips long will be almost impossible for the rest of this month right? Correct me if im wrong.
  • #11,899
  • Jun 19, 2014 7:32am Jun 19, 2014 7:32am
Quoting kenrookie
So the 100 pips long will be almost impossible for the rest of this month right? Correct me if im wrong.
I dont like to predict but i think almost certain you wont see your 100 pip spike.

And you wanted 100 pips from 1.22?
  • #11,900
  • Jun 19, 2014 8:39am Jun 19, 2014 8:39am
Quoting brinks
{quote} I dont like to predict but i think almost certain you wont see your 100 pip spike. And you wanted 100 pips from 1.22?

Hi Br, it all cries for sell and this is the pair when in this case its usually time to buy...closed all back in 1,222 and started gradually below 1,219 with small lots...hmmmmm...its seems too much selling pressure maybe I wait more at least lets see what us says today
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