SNB very stupid to imagine even if for an instant that EC can go up, and Swiss Franc depreciate normally with no action from its side. They hadn't yet learn from BOJ UJ experience.
I believe SNB will be obliged to intervene before 11 December meeting. Lets hope we'll have open positions by then.
Anyway, I still have at 1.2103. Scalped the 1.2060s talked about in my previous post and continuing...
SNB and the market keeping it here then spiking better for me, despite relying on the SNB negative rates hints was a failure.
EC bulls were madly making profits from scalping EC in the past and this week before SNB Meeting.
Now instead of trading on full lots possible, am doing on half the amount that will increase as EC nears the peg but with the 1.2103 Super Super Heavy Long could had used the lots to enter from current market levels.
SNB is a loss loss Bank. I felt must close as always at 1.2110/15, could had entered another one at same price before SNB decision by few moments for same 1.2110/15 profit, but since SNB Meeting is rare to occur, said lets bet for this day, at worst the risk is known floating loss until return to the entry price or more.
Quote that had always been proven right: Take what's in hand better than living in the illusion of bigger profits.
Never bet on the SNB Decision.
I believe SNB will be obliged to intervene before 11 December meeting. Lets hope we'll have open positions by then.
Anyway, I still have at 1.2103. Scalped the 1.2060s talked about in my previous post and continuing...
SNB and the market keeping it here then spiking better for me, despite relying on the SNB negative rates hints was a failure.
EC bulls were madly making profits from scalping EC in the past and this week before SNB Meeting.
Now instead of trading on full lots possible, am doing on half the amount that will increase as EC nears the peg but with the 1.2103 Super Super Heavy Long could had used the lots to enter from current market levels.
SNB is a loss loss Bank. I felt must close as always at 1.2110/15, could had entered another one at same price before SNB decision by few moments for same 1.2110/15 profit, but since SNB Meeting is rare to occur, said lets bet for this day, at worst the risk is known floating loss until return to the entry price or more.
Quote that had always been proven right: Take what's in hand better than living in the illusion of bigger profits.
Never bet on the SNB Decision.
Trade according to current market condition, not what you think would be.