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EUR/CHF

  • #12,421
  • Oct 4, 2014 12:35am Oct 4, 2014 12:35am
Quoting Sherpa
My Broker (Dukascopy) just posted this today. They are a Swiss Bank as well so maybe they know something..... Reduction of maximum leverage on EUR/CHF exposures Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause negative equity on client accounts, Dukascopy Bank is forced to implement a maximum leverage for EURCHF exposures of 1:10 as of 12 October 2014. Traders trading EURCHF are invited to estimate margin usage at the moment the maximum leverage on EUR/CHF will be reduced and adjust...
How they know it .even central banks defend that floor in 2012 and they are saying they will selling unlimitedo Quantity on that Floor.So how they know that.they just change leverage for you not to make money with EURCHF for sure
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  • #12,422
  • Oct 4, 2014 2:23am Oct 4, 2014 2:23am
Did I miss anything? Oanda showing Realtime Price EUR CHF as below


1.2172 9
1.2175


Edit: Guess an error as EURUSD is 1.39...
  • #12,423
  • Oct 4, 2014 2:54am Oct 4, 2014 2:54am
Quoting Sherpa
My Broker (Dukascopy) just posted this today. They are a Swiss Bank as well so maybe they know something..... Reduction of maximum leverage on EUR/CHF exposures Due to the possibility of a break of the 1.2000 floor in EUR/CHF which may see significant price gaps and cause negative equity on client accounts, Dukascopy Bank is forced to implement a maximum leverage for EURCHF exposures of 1:10 as of 12 October 2014. Traders trading EURCHF are invited to estimate margin usage at the moment the maximum leverage on EUR/CHF will be reduced and adjust...
there is a flip side to that statement maybe they think that the trend has reversed and the EC will start to go up and they don't want you to long the pair more. because it is funny to say that after the price has risen 50 pips, why they didn't say that when the pair was at 1.2055 and the pressure was huge then
  • #12,424
  • Oct 4, 2014 6:47am Oct 4, 2014 6:47am
Quoting Sherpa
My Broker (Dukascopy) just posted this today. They are a Swiss Bank as well so maybe they know something.....
Thank you very much for this information Sherpa !
Swiss referendum about SNB's gold reserve is the 30th november... And as Swiss are clever people, they may vote yes. That would make CHF value skyrocket. SNB cannot respect 20% minimum gold reserve and hold a 1.20 E/C floor at the same time. That's 100% impossible.
  • #12,425
  • Oct 4, 2014 10:22am Oct 4, 2014 10:22am
Quoting Mevo
{quote} Thank you very much for this information Sherpa ! Swiss referendum about SNB's gold reserve is the 30th november... And as Swiss are clever people, they may vote yes. That would make CHF value skyrocket. SNB cannot respect 20% minimum gold reserve and hold a 1.20 E/C floor at the same time. That's 100% impossible.

that is interesting ca you please put light on it in detail ????????


Regards

Muhammad Mudasir
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  • #12,426
  • Oct 4, 2014 10:42am Oct 4, 2014 10:42am
November referendum
The 30 November referendum will see voters asked about the country's gold reserves. The proposal would require the Swiss National Bank to have gold reserves of at least 20% of the value of the currency in circulation, prohibit the bank from selling gold, and see all Swiss gold currently held in the Federal Reserve Bank of New York returned to Switzerland.[13] The popular initiative was started by Swiss People's Party MP Luzi Stamm and two other MPs, with the 100,000 signatures required for a referendum obtained by early 2013.[14]
The proposal is opposed by the Swiss National Bank and the Swiss government, as it would limit the SNB's ability to print money.
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  • #12,427
  • Oct 4, 2014 11:07am Oct 4, 2014 11:07am
Quoting insider-
{quote} there is a flip side to that statement maybe they think that the trend has reversed and the EC will start to go up and they don't want you to long the pair more. because it is funny to say that after the price has risen 50 pips, why they didn't say that when the pair was at 1.2055 and the pressure was huge then
They may have been told by the SNB to be ready for a floor drop. They are a Swiss bank so I have no doubt the SNB informs Swiss banks before large moves in order to protect them. I may go short on Oct 12

The peg was never meant to be there forever.
  • #12,428
  • Oct 4, 2014 1:12pm Oct 4, 2014 1:12pm
Welcome Dukascopy to the Hall Of Shame brokers

Dukascopy just announced the join to others that lowered leverage on EC for clear reason- Clients are very profitable, there must be a way to stop them.

Being a Swiss Bank means nothing, the company ruling Dukascopy is the same one that took over other brokers and ruined it in short time.
I'll not mention names but a day will come to reveal that, and by then dukascopy may turn to become another failure of the company.

Don't worry EC bulls, nothing will happen, it's more probable that SNB will intervene than any floor will be removed.

That's why many brokers that are dying from EC Longs are doing horrible actions against its clients, because they trade against them.
If EC spikes up, the broker will loose hugely!

Dukascopy!!!! went more scam than the brokers which lowered leverage on EC before SNB Policy meeting last month. They returned leverage to normal just few days after the meeting while Dukascopy announced this now!!

Stop believing stupid brokers like Dukascopy and forgetting that SNB and its all members starting with Jordan always assured the defend of the 1.20 floor level.

Last time was officially just 2 weeks ago for God Sake.
Trade according to current market condition, not what you think would be.
  • #12,429
  • Oct 4, 2014 1:20pm Oct 4, 2014 1:20pm
Knowing Dukascopy history of not respecting Central Banks floors say it all.

Reviewing DukascopyUSDHKD Chart, seeing when most brokers had the lowest pair price on 7.7490-7.75, the shame dukascopy has it 20-30 pips lower!!!!!!

What can that be called other than hunting clients stop losses, but officially this time by a named Swiss Bank operated by another company!!!!!
Trade according to current market condition, not what you think would be.
  • #12,430
  • Oct 4, 2014 1:46pm Oct 4, 2014 1:46pm
Quoting J.Clinton
Knowing Dukascopy history of not respecting Central Banks floors say it all. Reviewing DukascopyUSDHKD Chart, seeing when most brokers had the lowest pair price on 7.7490-7.75, the shame dukascopy has it 20-30 pips lower!!!!!! What can that be called other than hunting clients stop losses, but officially this time by a named Swiss Bank operated by another company!!!!!
what do you think about morvo comments and about 30th November gold reserves referendum
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  • #12,431
  • Oct 4, 2014 1:53pm Oct 4, 2014 1:53pm
Quoting mmudasir
{quote} what do you think about morvo comments and about 30th November gold reserves referendum
Then the SNB will make their move before the referéndum
  • #12,432
  • Oct 4, 2014 2:10pm Oct 4, 2014 2:10pm
Quoting hornsant
{quote} Then the SNB will make their move before the referéndum

SNB and government don't want their Gold back,But i am confuse for now what to do with our ultra heavy longs.this only referendum for opposition.if vote yest the floor 1.2000 will not any more. Gold and franc prices will be higher

any opinion

or when you expecting a big move in near term ?
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  • #12,433
  • Oct 4, 2014 4:16pm Oct 4, 2014 4:16pm
Quoting J.Clinton
Welcome Dukascopy to the Hall Of Shame brokers Dukascopy just announced the join to others that lowered leverage on EC for clear reason- Clients are very profitable, there must be a way to stop them.

Dukascopy is a true ECN broker. They never take the other side in client trades. They only make money off commission. You sadly are very misinformed.
They want clients to be successful because it means more trading and more commission.


Regardless I will be going short looking for a floor drop
  • #12,434
  • Oct 5, 2014 12:55am Oct 5, 2014 12:55am
Dukascopy = TRUE SCAM like others that decreased leverage on EC and have negative swaps too on EC Longs.

When reading your sentence, I remember what brokers cheat clients of not trading against, being innocent, only get money from commissions, what a bad joke

If you are not some troll or spammer of Dukascopy, bear in mind that very rare to find a broker that likes very successful clients especially when consistently(monthly least) withdraw profits from account.

I challenge you and Dukascopy in front of the public. Most of us here are EC bulls, we are continuing(or at least me) longing EC on specific current levels, while you do what you said of shorting EC from now on, just like the other one that disappeared after EC spiked up to 1.2111, but be real by shorting in heavy lots not micro lots of 0.01 like the other joker does and happy to give us his technical stuff too

But before doing so, go to your Dukascopy shame and get a word from them that EC will break the 1.20 to at least charge them later on for manipulating your thoughts, giving wrong suggestions to its clients

Lets see after some month or so like November referendum where EC price will be

I bet whatever price will become, it will never pass 1.20 floor or maybe even 1.2045 recent lowest reached.

However, I hope it stays in this range between 1.2050 to 1.2115 as it's very easy to grab huge profits from trading in between both levels for high leverage= Super Heavy Longs
Trade according to current market condition, not what you think would be.
  • #12,435
  • Oct 5, 2014 1:14am Oct 5, 2014 1:14am
Quoting mmudasir
{quote} what do you think about morvo comments and about 30th November gold reserves referendum
My thoughts are the same that had been about EC price movement and floor penetration would never happen until the pair reaches some 1.25 or 1.30 by or without intervention of SNB that will never remove the 1.20 floor level when the pair is on current level

Even by then, it will be harder for us to see 1.21-1.22 maybe!! since the whole perspective toward EC trading would have changed, bulls bears trading it equally with no pressure of any floor.

SNB not some F**l who does not know about the whole circumstances that may occur during and after Gold reserves referendum.

I repeat same question asked people here before every SNB and ECB policy decision. Do you really think that both are enough for 1.20 break?!

Both does not effect EC movement, not even fundamental or political stuff, understand that once and for all

EC went again on Friday up after 2 weeks to close the SNB meeting gap. Ukranians are still being killed again by Ukraine government but EC above 1.21

Believe this and nothing else, there are big players on EC price movement just like on all pairs, they decide how to play it up/down.....Retail traders just need to follow EC movement technically hoping no surprise happens by not breaking the 1.20 which will not happen but just by not breaking support levels shown on technical charts, to be able always exit on good pips to long again lower, that's all the story about
Trade according to current market condition, not what you think would be.
  • #12,436
  • Oct 5, 2014 1:47am Oct 5, 2014 1:47am
Quoting J.Clinton
{quote}Retail traders just need to follow EC movement technically hoping no surprise happens by not breaking the 1.20 which will not happen but just by not breaking support levels shown on technical charts, to be able always exit on good pips to long again lower, that's all the story about
And those are?
  • #12,437
  • Oct 5, 2014 8:47am Oct 5, 2014 8:47am
Anyone who constantly fills their posts with emoticons/emojis is not to be taken seriously
  • #12,438
  • Oct 5, 2014 4:36pm Oct 5, 2014 4:36pm
Emotions = Feelings= Truth
Trade according to current market condition, not what you think would be.
  • #12,439
  • Oct 5, 2014 4:43pm Oct 5, 2014 4:43pm
Quoting duderoo1
{quote} And those are?
Briefly, it starts on Longing 1.21, if broken and trading maintains below, there's the 1.2080 level turns focus on, followed by 1.2070 for this week and 1.2060 will hold the pair anyways.......

A Sustainable movement above 1.21 followed by 1.2130 will open gates to 1.2150 and 1.2175 first.

The main picture is dark for now as EC had been moving strictly, so there's no signal that there will be a big move anytime soon unless something happens!!

I prefer it stays contained by around 1.2115 and go down again to the levels mentioned above.......
Trade according to current market condition, not what you think would be.
  • #12,440
  • Oct 5, 2014 6:07pm Oct 5, 2014 6:07pm
Quoting J.Clinton
Emotions = Feelings= Truth

Yes, I must have missed the emoticons on the BBC and Reuters news websites
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