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EUR/CHF

  • #12,261
  • Sep 15, 2014 3:41am Sep 15, 2014 3:41am
<strong>Credit Suisse -</strong> Says SNB to defend floor through FX intervention and unlikely to cut,&nbsp;EUR/CHF floor has not been challenged; SNB unlikely to cut pre-emptively.&nbsp;<em>The SNB are expected to the announce their rate decision on the 18th Sep.</em>
Trading by EA
  • #12,262
  • Sep 15, 2014 3:57am Sep 15, 2014 3:57am
Quoting mmudasir
<strong>Credit Suisse -</strong> Says SNB to defend floor through FX intervention and unlikely to cut, EUR/CHF floor has not been challenged; SNB unlikely to cut pre-emptively. <em>The SNB are expected to the announce their rate decision on the 18th Sep.</em>
<We already know that>
  • #12,263
  • Sep 15, 2014 4:52am Sep 15, 2014 4:52am
Quoting KarlHakan
{quote} <We already know that>

all of us know downside limit.but no one is talking about upside limit.


how much price can go up on SNB meeting or before meeting any idea?????
Trading by EA
  • #12,264
  • Sep 15, 2014 6:35am Sep 15, 2014 6:35am
Quoting mmudasir
{quote} all of us know downside limit.but no one is talking about upside limit. how much price can go up on SNB meeting or before meeting any idea?????
if no action was taken and we get the boring copy paste statement then the price will go back to around 1.2070, if they cut rates, then prices might go around 130 pips up, just a roughly assumption..
  • #12,265
  • Sep 15, 2014 6:41am Sep 15, 2014 6:41am
Quoting insider-
{quote} if no action was taken and we get the boring copy paste statement then the price will go back to around 1.2070, if they cut rates, then prices might go around 130 pips up, just a roughly assumption..
Agree with this.
  • #12,266
  • Sep 15, 2014 3:23pm Sep 15, 2014 3:23pm
Analyst opinion

http://www.efxnews.com/story/26076/e...asing-analysts
  • #12,267
  • Sep 16, 2014 12:02am Sep 16, 2014 12:02am
Yesterday was very skeptical how to continue trading EC. I took the final decision in offloading my 1.2130 long to keep my levels lower for better control.
Exited it at 1.2110 and covered the loss and made noticeable profits quickly by opening at 1.2096 Super Heavy Lots scalping the pair again many times at different similar levels.

More in doubt again if must keep a position opened at current level 2 days to SNB or keep on scalping on Super Super Heavy Longs and if it goes down to 1.2070s I'll simply keep it open to SNB and afterwards.

Have Super Super Heavy Lots opened at 1.2097, will add some more if it goes down to around 1.2080 despite I prefer it staying in current level to complete my past view of it bounced to 1.2110 then back down and so on but supports are been raised.

Will close my current 1.2097 longs at 1.2110-15 if it goes there between today and tomorrow, then buy again at similar area.
If not, am leaving it open until SNB. Other levels to remind about are 1.2130s and 1.2175-80. On downside, 1.2070s strong support before 1.2044 recent low.
I think EC kept on current levels is good before SNB, this may trigger an action

SNB must announce something interesting other than the usual utmost determination nonsense because the next meeting will not be before 11 December when ECB would have went through 3 meetings so by then negative rates by ECB would have been applied and might be too late for SNB to act unless it decides to stay very calm and coooool till then intervening at a time there's no meeting.

I believe by this SNB will be playing in fire!!
Trade according to current market condition, not what you think would be.
  • #12,268
  • Sep 16, 2014 1:00am Sep 16, 2014 1:00am
Quoting J.Clinton
Yesterday was very skeptical how to continue trading EC. I took the final decision in offloading my 1.2130 long to keep my levels lower for better control. Exited it at 1.2110 and covered the loss and made noticeable profits quickly by opening at 1.2096 Super Heavy Lots scalping the pair again many times at different similar levels. More in doubt again if must keep a position opened at current level 2 days to SNB or keep on scalping on Super Super Heavy Longs and if it goes down to 1.2070s I'll simply keep it open to SNB and afterwards. Have Super...
Hello,

I usually preface these types of statements by saying "I don't really like the fundamental approach to trading", but it is my belief (just looking at the charts) that EUR/CHF will continue to go higher from the current 1.21 levels. Looking at the Monthly chart, it seems to me like the bears have lost control over this pair.

Of course, corrections WILL happen, but I believe your approach towards this pair is the correct one. Good luck!

PS: I am also long this pair
Please check out my blog at https://from-zero-to-hero . net
  • #12,269
  • Sep 16, 2014 2:38am Sep 16, 2014 2:38am
Quoting smash1820
{quote} Hello, I usually preface these types of statements by saying "I don't really like the fundamental approach to trading", but it is my belief (just looking at the charts) that EUR/CHF will continue to go higher from the current 1.21 levels. Looking at the Monthly chart, it seems to me like the bears have lost control over this pair. Of course, corrections WILL happen, but I believe your approach towards this pair is the correct one. Good luck! PS: I am also long this pair
Sorry, guess I was wrong. This pair is looking pretty bearish now short-term. Dunno if SNB will change that on Thursday, but we'll see. I'm testing a new EA I wrote so I may just have to take a loss on this one. Only reason I'm still alive now is bc my GBP/USD short is up 50 pips.

This EUR/CHF trade never should have been placed. Clearly, I still need to change some of the entry logic. Minus 20 pips is unacceptable.
Please check out my blog at https://from-zero-to-hero . net
  • #12,270
  • Sep 16, 2014 5:45am Sep 16, 2014 5:45am
is there any news i don't know about that drove the EC down ? some new risk from Ouagadougou maybe ? -_-
  • #12,271
  • Sep 16, 2014 8:43am Sep 16, 2014 8:43am
Quoting insider-
is there any news i don't know about that drove the EC down ? some new risk from Ouagadougou maybe ? -_-
Im wondering the same thing... Quite a sharp fall today.
  • #12,272
  • Sep 16, 2014 9:24am Sep 16, 2014 9:24am
Quoting tommytimms
Analyst opinion http://www.efxnews.com/story/26076/e...asing-analysts
I think here you can find the answer for todays drop. The experts believe that the rate cut will not come yet. Instead we will hear the usual utmost bla bla.
  • #12,273
  • Sep 16, 2014 1:06pm Sep 16, 2014 1:06pm
Quoting smash1820
{quote} Sorry, guess I was wrong. This pair is looking pretty bearish now short-term. Dunno if SNB will change that on Thursday, but we'll see. I'm testing a new EA I wrote so I may just have to take a loss on this one. Only reason I'm still alive now is bc my GBP/USD short is up 50 pips. This EUR/CHF trade never should have been placed. Clearly, I still need to change some of the entry logic. Minus 20 pips is unacceptable.
Dude, When have no idea how to trade the pair, why trade it? Do you know that 1.20 is the Peg!? So, your stop loss for any buy position must be way below there, not crying for a 20 pip floating loss When your take profit goal must be the sky limit esp. before SNB Decision.
Trade according to current market condition, not what you think would be.
  • #12,274
  • Sep 16, 2014 1:13pm Sep 16, 2014 1:13pm
The reason for EC move to 1.2080 is technical, had you even read my post above instead of searching useless sites!!
From a week ago talked about 1.2080 and repeated it in previous 2 posts.
Instead of beating yourself must had bought more like I had done in Super Super Heavy Longs at 1.2082.

I have no faith in SNB intervening or applying negative rates even but at least I know EC going nowhere below 1.20 if it goes near it, even if SNB does nothing than utmost determination.

And, as long as it goes lower as long as am more excited because EC near to peg may trigger SNB action. If it's now 20% chance might become 60% as EC price goes lower before SNB.
Trade according to current market condition, not what you think would be.
  • #12,275
  • Sep 17, 2014 3:04am Sep 17, 2014 3:04am
Nice 20 pip rebound this morning
  • #12,276
  • Sep 17, 2014 3:18am Sep 17, 2014 3:18am
Quoting JamesCaan
Nice 20 pip rebound this morning
Im not closing any longs now. Too risky to close them if it shoots up.
  • #12,277
  • Sep 17, 2014 4:05am Sep 17, 2014 4:05am
Negative ZEW index seems to be driving the pair
  • #12,278
  • Sep 17, 2014 4:20am Sep 17, 2014 4:20am
Quoting KarlHakan
{quote} Im not closing any longs now. Too risky to close them if it shoots up.
can go much higher especially if snb adjust rates.. and again, the downside remains 1.2000, but looks like a turning point here with fomc later today.
  • #12,279
  • Sep 17, 2014 4:38pm Sep 17, 2014 4:38pm
Quoting JamesCaan
Negative ZEW index seems to be driving the pair
EC is very unsensitive to Swiss economic indicators - I would say it is positioning for tomorrows SNB meeting.
  • #12,280
  • Sep 17, 2014 4:40pm Sep 17, 2014 4:40pm
Deutsche Bank - advises long entry

http://www.efxnews.com/story/26112/s...-deutsche-bank
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