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EUR/CHF

Any piece of news that can be related to the accelerated drop of today ?
Ukraine attacked russian convoi. That is a new quality of escalation. CHF up.
Quoting JamesCaan
Long 3 lots at 1.2110. No more money left so hope this pair takes off
U hurting?
To me chances are seem to be higher from now on for floor test. closed some longs around 1.2105 on the break of 1.2108 with 9-10 pips loss. Gradually reopening below 1.21
Wow, now into the critical 1.20xx's! OMG am SO very inclined to open a long but I just hate how slow this pair moves, unless some stupid geopolitical conflict of course, and that too it's usually short-favoring conflicts ! Support at 1.2078 and the ultimate at 1.2000 !
Enter Signature
I think now very few stops above 1.2 most of them cleared today probably...75 pips above snb
Probably super oversold would be high time for a bounce.but with this pair..Cmon Jordan start warm up your printers had to make some homework in the last 2 yearsI would offer again tickets for snb board on the Zurich-Tokyo route
Quoting duderoo1
{quote} U hurting?
Yes, very much so
Just bought some, if lower - will buy more. Bottom 1.20, but euro and dollar is junk. So very limited CHF.
Quoting pipxster
To me chances are seem to be higher from now on for floor test. closed some longs around 1.2105 on the break of 1.2108 with 9-10 pips loss. Gradually reopening below 1.21
Very Wrong Decision closing 1.2105. At least very early to decide that.
Trade according to current market condition, not what you think would be.
IMO EC bottoming reversal coming, unless Russia widely invades Ukraine, there might be a quick drop to possibly 1.2020s, but that will trigger SNB action in a Big Spike to the Sky limit, who knows SNB decision level. 1.30 or more!!

Have 3 Super Heavy Longs 1.2130 1.2113 and opened today 1.2090. Looking to add another Long if it hits around 1.2080 before market close.
If not, gonna add a long around 1.2088-95 before market close by short time. Betting on an up gap on market reopen.

Anyway, I had transferred a huge amount of money to my broker to be deposited in my EC account on Monday. Waiting to take advantage of possible dip to 1.2020s to add more super heavy longs. This is an exception opportunity this time. After 1/1/2013 big spike month from current level to 1.2570
500 pips in a month for a safe pair is not an always chance. LONG LONG LONG
Trade according to current market condition, not what you think would be.
Quoting JamesCaan
{quote} Yes, very much so
3 lots and at 1.2110 hurts Are you kidding me
Trade according to current market condition, not what you think would be.
Looks like starting to get into buy territory where central bank intervene
All posts are my personal opinion
Quoting Rtm
Looks like starting to get into buy territory where central bank intervene
They can also move the peg up or down. The peg was not meant to be permanent. They could very easily say the peg is moved from 1.21 down to 1.15. That would squeeze a lot of speculators out
Quoting Sherpa
{quote} They can also move the peg up or down. The peg was not meant to be permanent. They could very easily say the peg is moved from 1.21 down to 1.15. That would squeeze a lot of speculators out
That would squeeze the long-side speculators out, adding even more pressure on EUR/CHF. That's not what SNB wants.
I think at 1.2 snb atleast to intervene...otherwise can bring SNB COLLAPSE...
Bismillah
My own view on EUR/CHF. I think it's not going to get any closer to 1.20. This is at least a short term bottom, short squeezes will follow next week!

I'm buying unlimited quantities.

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To insiderfx; I fully share your technical views, but IMHO, at the moment the pair is driven by Vladimir and not technical points. We all know that at Russian first military response the pair will drop another 30 to 50 pips, regardless of what oscillators point.

I also agree that the SNB can not lower the floor, there task is to give the local economy stability, not to play for forex traders. In that same view, I do not think they will increase the floor which will just be harder to defend.

A national bank can not go bankrupt & buying Euros is just a matter of BS (I meant balance sheet). You can add as many zeros as you wish.

Again for me the price action will be dictated by the Ukraine/Russia conflict.

So to be consistent with this; I am a buyer now with all stops bellow the floor.... (I know it is not very original, but I hope it will pay)
http://www.bloomberg.com/news/2014-0...ets-wanes.html was the main reason why eurchf dropped so much.

And its only food etc in the convoys. Just media and Ukraine that are bullshitting. The market will be very green in USA this week what i belive. This convoy problem made the market red and now when they realized its safe the market will prob gain some.

Main problem now is the pro russians that are fucking in Ukraine. Putin should do something about it to show he is not accepting it! And until Putin is not showing that clearly it will be a high risk market.
Quoting Sherpa
{quote} They can also move the peg up or down. The peg was not meant to be permanent. They could very easily say the peg is moved from 1.21 down to 1.15. That would squeeze a lot of speculators out
Seems you have just finished your playstation game and came here to comment uselessly!! Before posting BS comments, go read first what's the peg level(not 1.21!!!) just very stupid to think that SNB will move the peg to 1.15. Continue your game and buy some popcorn
Trade according to current market condition, not what you think would be.
Quoting InsiderFX
My own view on EUR/CHF. I think it's not going to get any closer to 1.20. This is at least a short term bottom, short squeezes will follow next week! I'm buying unlimited quantities.
BUY BUY EC going up, we are seeing a long term bottom, even if it's not or a short/medium, what will the bottom be 1.2020 1.2040 1.2060 who cares Long more, it's going to the sky anyways
Trade according to current market condition, not what you think would be.
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