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  • #20,541
  • Jan 15, 2015 4:35am Jan 15, 2015 4:35am
Hi guys!

Could you tell me what is the lowest price for Eur Chf on your broker????
Mine is 0.0909.....

T, I am wondering how did your SL behave during this crazy s...???
You were trading CHF pairs or something else?

This crazy move was out of the blue for me!
Was that some kind of news or what?

Tnx
  • #20,542
  • Jan 15, 2015 4:41am Jan 15, 2015 4:41am
my reversal low for Euro was 1.1575 but looks like it isn't the low for a huge reversal.
  • #20,543
  • Jan 15, 2015 5:06am Jan 15, 2015 5:06am
Quoting FX MiG
Hi guys! Could you tell me what is the lowest price for Eur Chf on your broker???? Mine is 0.0909..... T, I am wondering how did your SL behave during this crazy s...??? You were trading CHF pairs or something else? This crazy move was out of the blue for me! Was that some kind of news or what? Tnx
Low EURCHF 0.73313 but spread was high at that time and on the chart the low of the bar was 0.73286
  • #20,544
  • Jan 15, 2015 5:33am Jan 15, 2015 5:33am
Quoting FX MiG
Hi guys! Could you tell me what is the lowest price for Eur Chf on your broker???? Mine is 0.0909..... T, I am wondering how did your SL behave during this crazy s...??? You were trading CHF pairs or something else? This crazy move was out of the blue for me! Was that some kind of news or what? Tnx
I was also on a long position on EURCHF and had a 18 pips SL. It closed at 20 pips. So I guess it's super OK.
Lowest price for EURCHF with my broker is 0,8740.
Ionut
  • #20,545
  • Jan 15, 2015 5:36am Jan 15, 2015 5:36am
Quoting FX MiG
Hi guys! Could you tell me what is the lowest price for Eur Chf on your broker???? Mine is 0.0909..... T, I am wondering how did your SL behave during this crazy s...??? You were trading CHF pairs or something else? This crazy move was out of the blue for me! Was that some kind of news or what? Tnx
.8680 on mine......I would say that the SNB decided to ABANDON the euro.
Lost....
  • #20,546
  • Jan 15, 2015 5:42am Jan 15, 2015 5:42am
Quoting woof
{quote} If anyone is thinking of copying those who trade without stops, snapshot the chart and stick it on your desk.
Exactly! That is what i have always been saying - USE the SL!!! Always!
  • #20,547
  • Edited 6:26am Jan 15, 2015 5:46am | Edited 6:26am
Quoting FX MiG
Hi guys! Could you tell me what is the lowest price for Eur Chf on your broker???? Mine is 0.0909..... T, I am wondering how did your SL behave during this crazy s...??? You were trading CHF pairs or something else? This crazy move was out of the blue for me! Was that some kind of news or what? Tnx
0.8744 was the low EURCHF

This is the snapshot of my trade when SL hit. No slippage and SL has been respected to the pip!

Very low risk trade on building account.( 0.1 % ) . 20 pip SL was hit w/o slippage.

Quoting gespiri
{quote} .8680 on mine......I would say that the SNB decided to ABANDON the euro.
Yes SNB decided to ban the floor policy. They have removed the floor, introduced negative rates - 0.75 %. They did that by CLOSING all EUR LONG positions. Each close of the long is an auto sell into the market.

The money and SNB long EUR positions were HUUUUGE.
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  • #20,548
  • Jan 15, 2015 5:55am Jan 15, 2015 5:55am
Quoting T@rantula
{quote} Yes, watch CHF crosses . LOL. AUDUSD is safest to trade now ( long into dips )
i like the long into dips
  • #20,549
  • Jan 15, 2015 6:18am Jan 15, 2015 6:18am
Quoting guguxpto
{quote} hi T still learning whit this forum one question . you say aud usd go long by dips . I´m using ma to filter entries y have all 200 100 50 20 daily down wy entry long ? my opinion is loking for 1h 4h short signals . were i´m wrong ? can you explain please thanks
I will show you later. Yesterday Unemployment data came better then expected, AUDUSD made 40 pips after the analysis ( not touching the full TP ) and 8210 was broken and we had a close above it.

Technically it might shoot to 8300.
  • #20,550
  • Jan 15, 2015 6:22am Jan 15, 2015 6:22am
SNB pre press release pdf

Attached File(s)
File Type: pdf SNB.pdf   73 KB | 628 downloads
  • #20,551
  • Jan 15, 2015 6:51am Jan 15, 2015 6:51am
a question in general , do you think boss that do you think that the one can depend on forex as alone living money income ?
  • #20,552
  • Jan 15, 2015 7:13am Jan 15, 2015 7:13am
So, their main concern was USD, their second biggest trading partner.
With one move they errased whole one year USDCHF upmove
  • #20,553
  • Edited 7:50am Jan 15, 2015 7:29am | Edited 7:50am
Quoting Szpons
So, their main concern was USD, their second biggest trading partner. With one move they errased whole one year USDCHF upmove
Exactly. Such is the power of the big Central bank such as SNB. It will settle down, but until then i dont recommend any trading on CHF. Actually many brokers stopped CHF trading until this settles down.

Still i am not so sure why they did it today. My guess is that Jordan has a definite answer foe QE measures. A definite approval for upcoming ECB meeting on 22nd JAN. QE should be announced.
  • #20,554
  • Edited 10:17am Jan 15, 2015 7:54am | Edited 10:17am
Here is Jordan's explanation of the move today.

http://www.businessinsider.com/live-...c-today-2015-1

Important:

"In short, he means the Fed is getting ready to hike (which should strengthen the dollar further), while the European Central Bank is getting ready to do QE (which should weaken the euro). The SNB doesn't want Switzerland to be trapped between those two forces any more than it has to be."
  • #20,555
  • Jan 15, 2015 10:18am Jan 15, 2015 10:18am
Quoting abukamal
a question in general , do you think boss that do you think that the one can depend on forex as alone living money income ?
Yes but you need a LOT money for that.
  • #20,556
  • Jan 15, 2015 10:19am Jan 15, 2015 10:19am
Quoting T@rantula
{quote} Yes, watch CHF crosses . LOL. AUDUSD is safest to trade now ( long into dips )
AUDUSD <3
  • #20,557
  • Jan 16, 2015 2:41am Jan 16, 2015 2:41am
EURJPY is in a retracement and 136.20 is the first POC where we could start searching for a short trades. In the that price spikes above POC , second POC comes at 137.10-20. Target for the move is 134.70 and 134.15.

Attached Image (click to enlarge)
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  • #20,558
  • Jan 16, 2015 2:47am Jan 16, 2015 2:47am
Sobering news - hope none of you are affected.
http://www.bloomberg.com/news/2015-0...iss-shock.html
  • #20,559
  • Jan 16, 2015 2:51am Jan 16, 2015 2:51am
Quoting T@rantula
EURJPY is in a retracement and 136.20 is the first POC where we could start searching for a short trades. In the that price spikes above POC , second POC comes at 137.10-20. Target for the move is 134.70 and 134.15. {image}

Hi Mr T.

Do you mind sharing how you decide which currency to monitor for the day?

Personally I am looking to short at the 136.10-20 level as well, but I am currently trading using harmonic patterns. Would be interesting to learn more about your analysis methodology as well.

Cheers!

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  • #20,560
  • Jan 16, 2015 6:34am Jan 16, 2015 6:34am
Hi T.

I'm using your PRO Scalping system you've posted on your Elite Currensea website.

Do you recommend to scalp the CHF pairs with the Range Bars strategy now when the volatility is so high?
When I'm thinking about it, the spreads are higher now, but the moves are really big .. What do you think?

Just to show what I'm talking about, the setting on RB are 4 pips.
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