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EUR/CHF

  • #12,981
  • Nov 16, 2014 3:50pm Nov 16, 2014 3:50pm
Quoting iwjw
{quote} you seem to be a smart guy any thoughts where the sharp 50+ pips move eurusd came from late friday when eurchf was under extreme presure?
More like 5 pips. One pip = 0.0001
http://fxtrade.oanda.co.uk/learn/int...nventions/pips

It was not an extraordinary movement and there is no confirmation it derived from an SNB purchase.
  • #12,982
  • Nov 16, 2014 4:14pm Nov 16, 2014 4:14pm
Quoting Paz
{quote} More like 5 pips. One pip = 0.0001 http://fxtrade.oanda.co.uk/learn/int...nventions/pips It was not an extraordinary movement and there is no confirmation it derived from an SNB purchase.
are you kidding?
I know what a pip is
e/u started the move around 17:00 GMT and at that time there was extreme pressure on echf
It's not the 1.2016 more around 1.2010 where there was strong buying in e/u
  • #12,983
  • Nov 16, 2014 4:15pm Nov 16, 2014 4:15pm
Here comes a rebound. Once it looses steam I see no problem in monetizing any profit or reducing floating losses to re-enter at a lower value.
  • #12,984
  • Nov 16, 2014 4:19pm Nov 16, 2014 4:19pm
Quoting iwjw
{quote} are you kidding? I know what a pip is e/u started the move around 17:00 GMT and at that time there was extreme pressure on echf It's not the 1.2016 more around 1.2010 where there was strong buying in e/u
Not kidding. One pip = 0.0001. Biggest upward movement on Friday from 1.2013 to 1.2023 (lasting few minutes only). That is 10 pips, or little more than 5 on H1 scale.
  • #12,985
  • Nov 16, 2014 4:23pm Nov 16, 2014 4:23pm
Quoting Paz
{quote} Not kidding. One pip = 0.0001. Biggest upward movement on Friday from 1.2013 to 1.2023 (lasting few minutes only). That is 10 pips, or little more than 5 on H1 scale.
did I say EURUSD or did I say EURUSD where the move happened?
  • #12,986
  • Edited 5:11pm Nov 16, 2014 4:31pm | Edited 5:11pm
Quoting iwjw
{quote} did I say EURUSD or did I say EURUSD where the move happened?
Sorry, my bad reading. But I don't think that SNB has anything to do with that.
  • #12,987
  • Nov 16, 2014 4:47pm Nov 16, 2014 4:47pm
Quoting Paz
{quote} Sorry, my bad reading. But I don't think that SNB has nothing to do with that.
no problem
we probably will never know, but I wouldn't rule it out
I've seen both pairs live at that moment and my first thought was, that SNB is acting because of the price action
  • #12,988
  • Nov 16, 2014 4:54pm Nov 16, 2014 4:54pm
Quoting Paz
{quote} The thing is that foreign currency reserves increase in doing so.
No, this can't continue like that, you have put me in your mind it seems
Trade according to current market condition, not what you think would be.
  • #12,989
  • Nov 16, 2014 4:56pm Nov 16, 2014 4:56pm
Quoting iwjw
{quote} you seem to be a smart guy any thoughts where the sharp 50+ pips move eurusd came from late friday when eurchf was under extreme presure?
Not sure if that will be maintained after this reply
Trade according to current market condition, not what you think would be.
  • #12,990
  • Nov 16, 2014 5:04pm Nov 16, 2014 5:04pm
Folks, am seeing well!!, a full page to know why EU went 50 pips?

Simply, if you know about Inter-market relation, looking at other pairs(not going yet into stocks futures...etc) starting with Gold, you'll discover why

The EC move was pure technical as 1.2011 strong support, least to go up 10 pips!! Ofcourse, other pairs moves made it quicker considering EC slow ant moves

For now, if no intervention or spikes, we will see resistance starting on 1.2019 to below 1.2025 and best to reach would be early 1.2030s, despite I insist on current price being a Super Heavy Long Shouting Signal but in case it stays here for long days(at least until Gold BS), those are the levels to play on
Trade according to current market condition, not what you think would be.
  • #12,991
  • Nov 16, 2014 5:07pm Nov 16, 2014 5:07pm
1,1998 is a certainty today
I may not be right...BUT, I am never wrong
  • #12,992
  • Nov 16, 2014 5:14pm Nov 16, 2014 5:14pm
Quoting Spartanholds
1,1998 is a certainty today
Only certain things are death and taxes, and I'm not so sure about the latter
  • #12,993
  • Nov 16, 2014 5:15pm Nov 16, 2014 5:15pm
Quoting Paz
{quote} Only certain things are death and taxes, and I'm not so sure about the latter
I may not be right...BUT, I am never wrong
  • #12,994
  • Nov 16, 2014 5:19pm Nov 16, 2014 5:19pm
Brokers are starting playing games with the spread
Low on Global Prime is 1.19984
  • #12,995
  • Nov 16, 2014 5:22pm Nov 16, 2014 5:22pm
Quoting iwjw
Brokers are starting playing games with the spread Low on Global Prime is 1.19984
Who's that A today opened company
Trade according to current market condition, not what you think would be.
  • #12,996
  • Nov 16, 2014 5:24pm Nov 16, 2014 5:24pm
Quoting J.Clinton
{quote} Who's that A today opened company

no, last friday, smart guy
  • #12,997
  • Nov 16, 2014 5:25pm Nov 16, 2014 5:25pm
Isn't it funny EC couldn't go more than 3 pips up(not even 1.2019!!!) before dropping to friday low.

Is this a destiny on all EC levels, longs can't be left running more than that, it must be many entries of 3 pips instead, what's this nonsense SNB
Trade according to current market condition, not what you think would be.
  • #12,998
  • Nov 16, 2014 6:14pm Nov 16, 2014 6:14pm
just pure coincidence that eurchf is coming under pressure against 1.2010 and eurusd is rising
  • #12,999
  • Nov 17, 2014 3:02am Nov 17, 2014 3:02am
eurchf is on new yealy Low.yesterday low breached
Trading by EA
  • #13,000
  • Nov 17, 2014 3:34am Nov 17, 2014 3:34am
expected volatility for 2-3 week rose 50% this morning, hmhm
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