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  • #950,521
  • Jan 15, 2015 4:36am Jan 15, 2015 4:36am
That was a fun ride .. fortunately I was working on EU/NZ and not E/U .. but I caught the ride ... yes , live account
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  • #950,522
  • Jan 15, 2015 4:38am Jan 15, 2015 4:38am
Quoting fxtyrant
{quote} history taught us that SNB pegs dont last very long.... last time their peg to deutsche mark was a failure too.... i love how history repeats itself....
Doesn't it just. But just think how much foreign reserves are being built up by SNB during these times. They are have to sell francs to maintain the peg and then sell even more to smooth the transition. Fire up those printing presses - OH wait they did! Long term it's win/win for SNB
  • #950,523
  • Jan 15, 2015 4:38am Jan 15, 2015 4:38am
good news for some, bad news for others.
  • #950,524
  • Jan 15, 2015 4:38am Jan 15, 2015 4:38am
Now EU/US time to reach 1.6
  • #950,525
  • Jan 15, 2015 4:39am Jan 15, 2015 4:39am
Quoting fxtyrant
{quote} well read buddy. read. history repeats itself... only thing is SNB did it with the Deutsch Mark before.
No, you read:

No CB can stand against market in long term.

Your call is totally useless without timing and here you are boasting for already an hour. Thought your ego had enough.
"I know one thing, that I know nothing." Sokrates
  • #950,526
  • Jan 15, 2015 4:40am Jan 15, 2015 4:40am
Quoting scottr89
{quote} this is hilarious, got to love the demo warriors
It's indeed entertaining, but I'm afraid some people here actually believe he's a trader. It's like watching cnbc.

Funnier is the demo account. Waiting till trades are in profit (no sl), or closing at break even. And when shit hits the fan, disconnect it from trade explorer.
  • #950,527
  • Jan 15, 2015 4:40am Jan 15, 2015 4:40am
Quoting nbfx
{quote} Doesn't it just. But just think how much foreign reserves are being built up by SNB during these times. They are have to sell francs to maintain the peg and then sell even more to smooth the transition. Fire up those printing presses - OH wait they did! Long term it's win/win for SNB
yep long term its win win for SNB, but bye bye euro....
you know whats gona be funny? Switzerland is gona be like this island of rich people and all around swiss including France, germany and italy might end up as slums......
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #950,528
  • Jan 15, 2015 4:41am Jan 15, 2015 4:41am
Quoting Tom_D_Trader
{quote} No, you read: No CB can stand against market in long term. Your call is totally useless without timing and here you are boasting for already an hour. Thought your ego had enough.
you know what i had enough?
my ego is done entertaining people like you.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #950,529
  • Jan 15, 2015 4:41am Jan 15, 2015 4:41am
The CB wasnt "standing against the market"....printing UNLIMITED money to limit appreciation isnt the same as the BoE's early 90s drawing down of LIMITED FX reserves to keep the currency from falling.
Twitter: @TrendersGame
  • #950,530
  • Jan 15, 2015 4:41am Jan 15, 2015 4:41am
Quoting evrynet
Now EU/US time to reach 1.6
Nooo....it's time to check on that economic crisis should we put it back up?
  • #950,531
  • Jan 15, 2015 4:42am Jan 15, 2015 4:42am
Can anyone tell me why EURCHF/USDCHF rebounded so high? Or is it a sign that current levels are more 'normal' price than the 'panic' lows?
  • #950,532
  • Jan 15, 2015 4:42am Jan 15, 2015 4:42am
Quoting Citiboy
The CB wasnt "standing against the market"....printing UNLIMITED money to limit appreciation isnt the same as the BoE's early 90s drawing down of LIMITED FX reserves to keep the currency from falling.
lol well put... more like Swiss supplying what the market wants... More Swiss franc for rising demand for it....
feels more like SNB was accomodating the market...
thats why hes officially in my ignore list.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #950,533
  • Edited 5:51am Jan 15, 2015 4:42am | Edited 5:51am
Quoting Mr Hatch
{quote} https://www.youtube.com/watch?v=NpYEJx7PkWE
shutup....
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  • #950,534
  • Jan 15, 2015 4:43am Jan 15, 2015 4:43am
what is everybody targe point ?
  • #950,535
  • Jan 15, 2015 4:44am Jan 15, 2015 4:44am
Quoting Tom_D_Trader
Tyrant with all respect I have to tell you you are boasting here like a primitive. Call that SNB canīt hold the peg is totally useless. CB can never stand against market for long time, they always give up. Market is just stronger in long term and Swiss are small country. So it was obvious they cant hold the peg. The only important question was when and I didnt see you giving that answer. Nevertheless, I hope you ve made some real cash out of the move so you can have a relax therapy and calm down. T
I agree, one doesnt have to be scientific guru to see SNB peg would come under big question with all this QE mumbo jumbo. But for traders all it matters is how accurate and pull worthy your analysis is, can you pull trigger of analysis. Theoretically speaking of peg demolition is one thing, other thing is pulling trigger on order due to thinking of that and being sure into analysis. I pulled trigger on short Gold ahead of gold referendum in Swiss due to my own analysis so thats when it counts. Theory in general just helps maybe memebers on forums get credible, or non credible missleading knowledge thats about it.

But what this move of SNB showed is for anyone who is long term EURUSD long with targets 1.3000 or higher should really abandom that view becouse QE will come and further EUR devalution will come, if you can read between the lines of actions and not words, you can see it clearly coming. So anyone having big longs in big DD should get out now would be my say.
  • #950,536
  • Jan 15, 2015 4:44am Jan 15, 2015 4:44am
round 2 of buying back into positions
  • #950,537
  • Jan 15, 2015 4:45am Jan 15, 2015 4:45am
Quoting ExForX
Can anyone tell me why EURCHF/USDCHF rebounded so high? Or is it a sign that current levels are more 'normal' price than the 'panic' lows?
seems like the SNB came in for a few...
Look Sharp/Trade Tight
  • #950,538
  • Jan 15, 2015 4:46am Jan 15, 2015 4:46am
Quoting Tom_D_Trader
{quote} No CB can stand against market in long term.
More like, central bankers ARE the market
The Euro came off the highs in the summer because of Draghis rhetoric at the monthly press conference, and you can see it's been dropping ever since....
used to be undecided but nowadays can't make my mind up
  • #950,539
  • Jan 15, 2015 4:47am Jan 15, 2015 4:47am
Any news from people on their broker's status?
Twitter: @TrendersGame
  • #950,540
  • Edited 5:45am Jan 15, 2015 4:48am | Edited 5:45am
2015 is shaping up to be a fun year huh?
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