EURCHF is rising strongly on interbank. If this keeps on, official open at 23pm GMT will see gap up:
Short squeeze is coming, buy as much as you can!!
Short squeeze is coming, buy as much as you can!!
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DislikedEURCHF is rising strongly on interbank. If this keeps on, official open at 23pm GMT will see gap up: Short squeeze is coming, buy as much as you can!!Ignored
DislikedIt's true that EC don't really care of technical. But it still has its effect on the pair. People who are posting their political views must calm down, you know nothing. If you see yourselves intelligent in that category, go post on Bloomberg, CNN, NBC.....not here on a Forex thread.Ignored
DislikedOutput in Switzerland is growing close to trend (unlike every country in Euroland) and there's very little labor slack. This is reflected in SNB's measure of core inflation. The persistent decline in EZ yields across the curve increases the attractiveness of Swissie. The only question is when. Today's macro environment is still relatively uncertain. A crawling peg seems much more likely than returning to a free float. {image}Ignored
Disliked{quote} That would squeeze the long-side speculators out, adding even more pressure on EUR/CHF. That's not what SNB wants.Ignored
DislikedI agree with J.Clinton. Simply read all the SNB's monetary policy statements from Sept 2011 (when floor at 1.20 was introduced). This is the last one, from 19 June 2014, which shows clearly SNB's position towards the 1.20 floor: {image} Full document is avaiable here: http://www.snb.ch/en/mmr/reference/p...40619_1.en.pdf So please stop fapping at the idea of a floor lowering/floor removal. It will be better for your trading accountsIgnored
DislikedDaily candle, if closing at this level or higher, is pretty nice. {image}Ignored
Disliked...My Super Heavy Longs 1.2090 1.2093 1.2094 1.2113 1.2130 Take Profit= The SkyIgnored
DislikedAfter market dipped on reopen to 1.2084, I knew that it's doing that just to form a bottom from there on the daily, weekly and monthly. Not sure if many brokers had same low but took advantage of that executing another Super Heavy Long at 1.2093 at that same instant the spread was 9 pips but I cared less, knowing that it will spike up soon and that's what happened My Super Heavy Longs 1.2090 1.2093 1.2094 1.2113 1.2130 Take Profit= The SkyIgnored
Disliked{quote} I really hope it shoots up. I have heavy longs at 1.2093 aswell. I see good potential technically. But lately it has not worked out trading it technically with this pair, at least for me. I just hope it will shoot up some day which im pretty sure of.Ignored
Disliked{quote} The big question is where to decide your sky ends (when to take profit) I went super, super heavy long @ 1.205 back in 2011. I took some profit on the ride up to 1.26... but kept most of my longs. Now we are back 1.21.Ignored