EUR/CHF

@mevo It seems you decided to continue your ignorant posts
Calling yourself stupid and idiot say it all!! Anyway, every person know him/her self

Gave up hope from being able to fix your ignorant mind until the last paragraph of your post where you possibly understood or better got some enlightenment from my useful post above.

You went too confused simply because you are thinking the wrong way. How will you understand when you are thinking from a local point of view while you are a foreigner. Confusion will be the least to happen to you if not craziness that seems your habit!!

As a Foreigner you want to care of the Swiss Franc when its ppl does not want a very Strong Currency.

If you read well my post about how to spread your money, you could had realized that it is used in trading, property and bank ONLY.

Well, if you do not know that property is also an investment then it tells a lot about your knowledge!!!

Ofcourse will not mention the country but for your info 3 years ago invested in 3 lands and 2 villas in a country abroad, now my properties there tripled in value, am on the verge between selling it all but leaving a villa for vacation and waiting a little as property prices might increase a little more..

You talking about slavery or whatever nonsense is another stupidity you are running in...
It had been used over the years......any smart investor knows where to buy on low and sell at high, these are life opportunities searched for cleverly just as when an investor or even high rated companies take advantage of difficulties starting to appear in another high rated company to buy it or some of its shares...

This is business not emotions, it is normal to take advantage, I don't give a S**t what locals are living through, I might be in their situation one day and no one will ask after me by then, this life is for the TIGER for the POWERFUL, since I have it all ppl like me, when I loose some of it same ppl will start searching how to bit......

Am not gonna go too much deeper here so some don't think am some mad rich arrogant person but must wake up some ppl for facts like there are always high and low standards in life. Sure ppl are never alike but must admit that there are the rich and poor which means nothing and never related to morals and smartness but what means a lot is the smart vs the ignorant and the talented vs untalented, this is nature of life, the latter must work for the first and never talk about equality in the name of pity and sympathy.
This is not slavery, they live like that, they need the work, you are helping them, government don't give a s**t about its ppl other than in election time!!!, their cost of living and life quality much differs than ours(mine at least).
Sure talking about very poor countries big companies manufacture its products there....

Talking about our main subject that's Forex, do you know why Cyprus not Switzerland is the main location for many Forex brokers worldwide??

Because of less taxation, more easy government rules for foreigners to more invest in the country for a better economy...etc Which turns your thinking back to my post above why less companies care of investing in Switzerland and search elsewhere

Thinking as a foreigner will open your mind to understand my highly valuable post

Stop your rubbish posts, you know nothing and want to make yourself appear as if some knowledgeable person!!!

By the way, Yeah maybe am Swissie, James, hornsant, Caa, Zoran, insider too or you know maybe mevo too and forgot the account as much confusion controlling your thoughts!!!

Didn't want to go deeper in my posts about economy and currency related since was sure some will not understand my opinion easily.

However, there are some 10% that still understand in this world, I write for

new low below 1.2025- 25 pips to go before we test snb floor. selling pressure probably coming from gold referendum polls... 20 days to go

Obviously right. Betting on some spikes from time to time as it had done long time ago when EC was on current level.
GU( & GBP pairs...) was similarly effected by Scotland Independence voting......price was changing dramatically mostly in same range(sure wider than EC), hopefully the same happen to EC as polls start to be released as we near the Gold referendum date of 30 Nov. , so we get in and out many times for 10 pips the least

I believe technically we have current day high 1.2037 as first resistance followed by late 1.2040s and the start of 1.2050s, the best to dream for is the late 1.2070s level

On downside, there's current low 1.2024 first support followed by overall tight prices as 1.2020 1.2010 and just above the cap at 1.2005.
I believe current level to Long not important as it's all good for long term but focus is on entering at right price to exit quickly at reasonable profits for many times

The importance in some spikes(not the one second ones for God Sake , don't want to be limited by fixed take profit when it might spike higher), and wider sideways movement of like 8-10 pips

The referendum is unlikely to pass. The extent of the selling pressure is quite surprising.

I just popped in here after several weeks away and see some very long posts. Can anyone give me resume?

Last time I left everyone was holding longs hoping for a rise. Has anything changed?

So,have they still promised the floor?They did the last time.Althoug it spiked below,so watch that.

everyone is still holding longs and hoping for a rise. nothing changed

Now 22 pips to the floor!

SNB has not started to defend yet? Maybe the floor will be crushed when they woke up!

nothing will be crushed, i wish we can see their bid on 1.2000 on market depth but we cannot, it will be in tens of billions probably. and if the pressure intensifies they will introduce negative rates, i hope they do it so Xmas will come early this year

Neg correlation between EURCHF and Gold

Correlation never last long for this pair.

20 days?

To be honest I don't see a correlation in the chart you posted, except perhaps on Nov 7th.

uppss..creeping lower guys..Have we any recent statements from SNB on keeping the floor?I expect it to spike below 1.2,like last time..But without intervention..its a free fall.

Just read back in this forum and every single SNB statement is reported and analyzed.

This is my question.

Are there any orders waiting down below 1.2 and if so are they buys or sells. Would anyone be betting on a fall if 1.2 breaks. From a technical perspective its a good selling point. Who cares about technicals with this pair. Which is why I don't trade it.

The EC went once to 1.1999 and the SNB issued a statement about it. And then they opened an office in Singapore specifically for the Asian session so such move won't happen again at any time . They have been repeating that they will defend the floor with all their fire power and are willing to enforce it with negative rates. so rest assure that they are monitoring and keeping up with the current situation very closely and a break in the floor in very unlikely. But the SNB will not interfere above the 1.2. It's not the National Bank of Zimbabwe it's the SNB we are talking about

For sure retail have stops, and I think hedge funds have buy limits

The issue is not them stepping in but more at what price?

Considering the shear volume of stops behind the level it is not hard to conceive a massive breakthrough before the bank may intervene. I doubt the SNB would care too much if it drops 200-300 points as the stops are smashed before resuming its program and resettling. It may lose a day or too in the panic but if its certain on the level then it has the power to get it back there. As a retailer how many are leveraged to the hilt thinking "she'll be right, the SNB will hold the peg".

I've seen far to many live accounts with EUR/CHF longs and no SL that are well over leveraged, averaged down positions etc to make me wonder just how many others are there out there in the same boat.

guess time will be the teller