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EUR/CHF

  • #13,461
  • Dec 18, 2014 1:44am Dec 18, 2014 1:44am
We went as high as 1.20974 after the move!
  • #13,462
  • Dec 18, 2014 1:45am Dec 18, 2014 1:45am
Quoting Ken A
{quote} You in call options?
nop...2y on same spot..time basis would be too expensive.
  • #13,463
  • Dec 18, 2014 1:45am Dec 18, 2014 1:45am
I was LONG on USDCHF but that move from EURCHF was mega.
  • #13,464
  • Dec 18, 2014 1:46am Dec 18, 2014 1:46am
"Negative interest will be charged as of 22 January 2015 until further notice." - they still have time to close the shorts
Speculation converts one man's capital into another man's income
  • #13,465
  • Dec 18, 2014 1:54am Dec 18, 2014 1:54am
Just logged into my account feeling excited to find out my Longs were stopped out at 1.19815 yesterday.
Am I ripped off or what?
I'm at FXCM.
  • #13,466
  • Dec 18, 2014 1:54am Dec 18, 2014 1:54am
"3. Negative interest
The interest rate is currently -0.25% p.a.
Negative interest will be charged as of 22 January 2015 until further notice.
Negative interest is calculated according to the Actual/360 convention customary in the
money market.
It is calculated on a daily basis. The negative interest is debited at the end of each month for
the period of the previous month (cf. section 5 below)."

http://www.snb.ch/en/mmr/reference/m...ce/mbnz.en.pdf
  • #13,467
  • Dec 18, 2014 1:55am Dec 18, 2014 1:55am
Quoting maokun
Just logged into my account feeling excited to find out my Longs were stopped out at 1.19815 yesterday. Am I ripped off or what? I'm at FXCM.
A complete rip off, I logged in this morning to see my account more than double in value! No way did the bid got near 1.19815.
  • #13,468
  • Dec 18, 2014 2:02am Dec 18, 2014 2:02am
Quoting maokun
Just logged into my account feeling excited to find out my Longs were stopped out at 1.19815 yesterday. Am I ripped off or what? I'm at FXCM.
Yes you are getting ripped off, unfortunately when they say they aren't trading against you, they are flat out lying as it is clear as day, I've got three different feeds up from 3 different brokers, the price never went below 1.20056 on any of them.

FXsCaM strikes again. I really don't know why anyone trades with these crooks.
  • #13,469
  • Dec 18, 2014 2:05am Dec 18, 2014 2:05am
Hahah congrats on the swiss!

Perhaps Russia intervening gave the Swiss some courage?
  • #13,470
  • Dec 18, 2014 2:15am Dec 18, 2014 2:15am
Quoting GDR3k
{quote} Yes you are getting ripped off, unfortunately when they say they aren't trading against you, they are flat out lying as it is clear as day, I've got three different feeds up from 3 different brokers, the price never went below 1.20056 on any of them. FXsCaM strikes again. I really don't know why anyone trades with these crooks.
This is the chart from them.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 40 KB
  • #13,471
  • Dec 18, 2014 2:21am Dec 18, 2014 2:21am
Back to low 1.2050s
  • #13,472
  • Dec 18, 2014 2:24am Dec 18, 2014 2:24am
Quoting memberx
Back to low 1.2050s
Reload if it gets to 1.2010
  • #13,473
  • Dec 18, 2014 2:27am Dec 18, 2014 2:27am
this is from alpari they have the same
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-h1-alpari-limited-2.png Size: 25 KB
  • #13,474
  • Dec 18, 2014 3:10am Dec 18, 2014 3:10am
Hi guys i have 2 doubts for you:
1- Was this Libor Rate move unsheeduled or sheeduled ?
2- I dunno if u gus noticed but yesterday at 13h30 GMT second after the release of USA CPI our loved EUR/CHF cross moved from 1.2008 to 1.1990. The move was fake because in the other brokers the moved was just from 1.2008 to 1.2006. So my question is, any of u were stoped out ? If yes did u got your money back ?
3- Under this new negative rate suntil where u think EUR/CHF will go next days/weeks ?
  • #13,475
  • Dec 18, 2014 3:22am Dec 18, 2014 3:22am
Quoting maokun
Just logged into my account feeling excited to find out my Longs were stopped out at 1.19815 yesterday. Am I ripped off or what? I'm at FXCM.
Trade with LMAX. They are pretty fair about price level.
You cannot learn better without losing
  • #13,476
  • Dec 18, 2014 3:57am Dec 18, 2014 3:57am
Market must digest the new info first... That takes some time...
Problem is if investors like to invest before the change in January. But they probably know, from the longer perspective, that Switzerland is serious about "Not being the safe heaven".
I see it as some interesting impulse... thats all for now.

Now its imo good to watch news and how public and press will react...
  • #13,477
  • Dec 18, 2014 4:04am Dec 18, 2014 4:04am
i wonder if SNB is now intervening at 1.2040?
swaps rose from 9 to 13 pips on 3 month

also this negatives are for banks and institutions only, not private safe heaven searchers
  • #13,478
  • Edited 5:26am Dec 18, 2014 5:05am | Edited 5:26am
Quoting JamesCaan
{quote} A complete rip off, I logged in this morning to see my account more than double in value! No way did the bid got near 1.19815.
Sorry to hear that. I had been warning about that not less than three times in the past weeks. You must have seen it since you're often on this forum.

Me myself, I was sleeping and missed the boat, otherwise would have closed all longs, for a profit.
  • #13,479
  • Edited 5:23am Dec 18, 2014 5:12am | Edited 5:23am
Quoting Luigi111
Hi guys i have 2 doubts for you: 1- Was this Libor Rate move unsheeduled or sheeduled ? 2- I dunno if u gus noticed but yesterday at 13h30 GMT second after the release of USA CPI our loved EUR/CHF cross moved from 1.2008 to 1.1990. The move was fake because in the other brokers the moved was just from 1.2008 to 1.2006. So my question is, any of u were stoped out ? If yes did u got your money back ?
Sorry but I don't know how you can think that a broker will spontaneously give money back after successfully executing such a move.

Now that has been confirm from multiple people I'll move away from FXCM. They also removed USDRUB two days ago to prevent people from making easy money (not that I was making any).

Placing Stop Loss orders is the same than saying - Kill me!

  • #13,480
  • Dec 18, 2014 5:18am Dec 18, 2014 5:18am
taking profits now is not understanding the depth of the SNB's decision
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