let me get something straight, if the ECB is going to start QE, why would it put bearish pressure on the EC, shouldn't be a good news for the economy in the EU? so in general the sentiment should be positive news for the economy in the EU and not the way around with safe havens flows to the franc no?
{quote} I suppose it could be a dynamic equilibirum, so to speak. Everyone thought E/U 1.40 was just around the corner a couple of months back. But USD was also supported by the continuing US equities bull run. So it was never allowed to fall that far. Granted USD also has extra advantage of being reserve currency of the first choice. It will be very interesting to see what SNB will do. Perhaps SNB doesn't believe further E/Chf fall is sustainable, and so has kept quiet.
SNB will defend the 1.20 floor if needed, that's it. What else do you want them to do ? Talk ? Something like: "We would like, like some forexfactory members, EUR/CHF to go up... please ?" ?
- #12,067
- Aug 25, 2014 3:09pm Aug 25, 2014 3:09pm
Who could had predicted this candle ends this way after a bullish start of week. Today's movement had broke all possible bottoms from the 1.2080s, returning to my past levels, after 1.2080s break we have 1.2050-60 first support followed by 1.2020s.
Looking at the long term bigger picture EC will form a bottom in any level below 1.21, 80 pips from the peg does not matter, reversal will come soon or later.
Just a patience game, money management and long term perspective.
Enjoyed at past collecting positive swaps on my super heavy lots that covered the floating loss positions in short time, but now after my EC broker turned to Zero swap, the advantage was removed. Anyway, as long as it keeps no negative swap, there's no problem. I feel sorry for EC Bulls who are paying swaps on their positions that will hurt as long as EC stays down.
I expected EC going to at least test 1.2130s if not 1.2175-80 before going more down but today's move was somehow surprising!!! But not much when it looks that am among very few who has the guts to enter super heavy longs on current levels, many exited on break of 1.21!!!!!
You never know with this pair, levels mentioned above are for heavy execution even if you know nothing about trading
, adding more super heavy longs there
Not interested in EC going slowly up to 1.2175-80 this time. I want SNB intervention all the way to 1.30 or more and I promise will quit trading as whole after all these years, 1000pips are enough for my super super heavy longs to give me long long living vacation above my money in other accounts
I can imagine how many brokers will go bankrupted if SNB intervene, sure mine will have to take loans to pay me
On the other hand, only the EC Bulls who hadn't calculated well their margin, money management.....might be effected by any movement to around the peg area by some 20 pips. Others are adviced to wait
Again, if there will be some spike to 1.22, am not interested dudes. If EC has same basic like UJ could had said great for 300 pip intervenetion 3-4 times per year as with BOJ at past but SNB are far of doing any similar thing.
SNB must intervene hugely like few years ago, or else better leave it on current levels moving between 1.2050 and 1.2150 in good daily range and we need nothing else from you!!!
Looking at the long term bigger picture EC will form a bottom in any level below 1.21, 80 pips from the peg does not matter, reversal will come soon or later.
Just a patience game, money management and long term perspective.
Enjoyed at past collecting positive swaps on my super heavy lots that covered the floating loss positions in short time, but now after my EC broker turned to Zero swap, the advantage was removed. Anyway, as long as it keeps no negative swap, there's no problem. I feel sorry for EC Bulls who are paying swaps on their positions that will hurt as long as EC stays down.
I expected EC going to at least test 1.2130s if not 1.2175-80 before going more down but today's move was somehow surprising!!! But not much when it looks that am among very few who has the guts to enter super heavy longs on current levels, many exited on break of 1.21!!!!!
You never know with this pair, levels mentioned above are for heavy execution even if you know nothing about trading
, adding more super heavy longs thereNot interested in EC going slowly up to 1.2175-80 this time. I want SNB intervention all the way to 1.30 or more and I promise will quit trading as whole after all these years, 1000pips are enough for my super super heavy longs to give me long long living vacation above my money in other accounts
I can imagine how many brokers will go bankrupted if SNB intervene
, sure mine will have to take loans to pay meOn the other hand, only the EC Bulls who hadn't calculated well their margin, money management.....might be effected by any movement to around the peg area by some 20 pips. Others are adviced to wait
Again, if there will be some spike to 1.22, am not interested dudes. If EC has same basic like UJ could had said great for 300 pip intervenetion 3-4 times per year as with BOJ at past but SNB are far of doing any similar thing.
SNB must intervene hugely like few years ago, or else better leave it on current levels moving between 1.2050 and 1.2150 in good daily range and we need nothing else from you!!!
Trade according to current market condition, not what you think would be.
- #12,069
- Aug 26, 2014 12:43am Aug 26, 2014 12:43am
Your opinion is not applicable for regulated brokers, maybe for bucketshops
The sell price can not exceed 1.20 peg, so the hundreds of pips spread is never realistic. Moreover, at any intervention especially by the SNB, EC would at least be in 1 second 100 pip up from current price and rising consistently.....there will never be a possibility to hurt bulls positions.
Now lets hope SNB wakes up to take that decision and no worries of the outcome.....
The sell price can not exceed 1.20 peg, so the hundreds of pips spread is never realistic. Moreover, at any intervention especially by the SNB, EC would at least be in 1 second 100 pip up from current price and rising consistently.....there will never be a possibility to hurt bulls positions.
Now lets hope SNB wakes up to take that decision and no worries of the outcome.....
Trade according to current market condition, not what you think would be.
- #12,074
- Aug 26, 2014 11:54am Aug 26, 2014 11:54am
Who could had predicted this candle ends this way after a bullish start of week. Today's movement had broke all possible bottoms from the 1.2080s, returning to my past levels, after 1.2080s break we have 1.2050-60 first support followed by 1.2020s. Looking at the long term bigger picture EC will form a bottom in any level below 1.21, 80 pips from the peg does not matter, reversal will come soon or later. Just a patience game, money management and long term perspective. Enjoyed at past collecting positive swaps on my super heavy lots that covered...
- #12,076
- Aug 26, 2014 12:22pm Aug 26, 2014 12:22pm
Added today another super heavy long at 1.2081 as it might be a turning point to the upward after 1.2073 could be the bottom possibly.
With Russia-Ukraine conflict continuation or stop, EC going to 1.2098 and 1.2115, from there opens 1.2130s and 1.2175-80. The possible downside, same for now 1.2050-60 and 1.2020s. Bullish start if EC ends the month up 1.2080
I never believed all the safe haven nonsense, traders only create reasons for market movements that mostly match coincidentally with pairs movements.
There were always conflicts here and there, when EC reached 1.26 the world was not much safer or peaceful!!!!!
With Russia-Ukraine conflict continuation or stop, EC going to 1.2098 and 1.2115, from there opens 1.2130s and 1.2175-80. The possible downside, same for now 1.2050-60 and 1.2020s. Bullish start if EC ends the month up 1.2080
I never believed all the safe haven nonsense, traders only create reasons for market movements that mostly match coincidentally with pairs movements.
There were always conflicts here and there, when EC reached 1.26 the world was not much safer or peaceful!!!!!
Trade according to current market condition, not what you think would be.
{quote} I wonder how much would "super heavy longs" be ??
1 micro-lot = long
2 micro-lots = heavy long
3 micro-lots = super heavy long
Kidding of course, but I asked myself the same question reading his posts...
I'm currently long E/C a little bit more than 20 lots and I regret to having reentered this pair after I got out last time ; (
I don't feel it very well, but now I'm in with floating loss, I stay... (I managed to get out of a few lots in profit today to reduce a little my position)
I fear that we go back to 1.20 and stay there ; (
For people interested by this pair, look at what is happening with USD/HKD lately. Could be the same kind of behaviour.
- #12,078
- Aug 26, 2014 3:05pm Aug 26, 2014 3:05pm
Added today another super heavy long at 1.2081 as it might be a turning point to the upward after 1.2073 could be the bottom possibly. With Russia-Ukraine conflict continuation or stop, EC going to 1.2098 and 1.2115, from there opens 1.2130s and 1.2175-80. The possible downside, same for now 1.2050-60 and 1.2020s. Bullish start if EC ends the month up 1.2080
- #12,079
- Aug 26, 2014 6:40pm Aug 26, 2014 6:40pm
Clear who's the d....., saying my suggestions of longing levels below 1.21 is wrong, when EC will bottom on any current levelMoreover, saying one of the losers
for EC Super Heavy Longs running from 1.2081 to 1.2130 and will never be closed on lossRelax boy, you are in panic because you have some long position at some 1.2090 for a micro lot(thanks for the tip Mevo
) in a 5 pip lossYou'll remember my words later on
OH God, this thread giving me more smiles on the face and utmost happiness
Trade according to current market condition, not what you think would be.
Hi All
Hope you have good trading on mighty swiss
What you think about current situation, we had bottom of 1.2073 and bounce to test 1.2130 by end of this month if situation in Ukraine starts getting better ?
Market is one way since last test of 1.2177 level and we did not ave any proper pullback. Is 1.2073 is enough or we go test 1.2060/64 to get rebound.
Hope you have good trading on mighty swiss
What you think about current situation, we had bottom of 1.2073 and bounce to test 1.2130 by end of this month if situation in Ukraine starts getting better ?
Market is one way since last test of 1.2177 level and we did not ave any proper pullback. Is 1.2073 is enough or we go test 1.2060/64 to get rebound.