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EUR/CHF

  • #13,721
  • Jan 15, 2015 6:21am Jan 15, 2015 6:21am
By my maths this means the CHF has 'gained' around 15% of its value in seconds...thats not the sort of thing one sees every day...I see news reports saying in some markets its gained as much as 30%...
In life you get 3 types of people, those who can count and those who can't.
  • #13,722
  • Edited 6:41am Jan 15, 2015 6:26am | Edited 6:41am
Quoting HedgePiglet
{quote} That's just another way of saying 'I use a stop-loss'...
The difference is that client-side actions works when broker is not honoring SL (read cases above), and doesn't give away money to brokers when they spike to hunt. That is, it works for you not the broker. Admittedly, this chf was a degenerate case, extremely uncommon.

I'm very sorry for those who have lost money but the writing was on the wall in the last two weeks, and for the really smart people even since before.
Congratulations to bears, also.

Anyway, now that this pair is back in market's hands, it will self-correct. the franc is now so overvalued that it really make sense to buy anything in Europe and resell it in Switzerland. Swissies buy properties abroad, export dropping, and we'll go from there. It will take a while.
  • #13,723
  • Jan 15, 2015 6:32am Jan 15, 2015 6:32am
Quoting HedgePiglet
By my maths this means the CHF has 'gained' around 15% of its value in seconds...thats not the sort of thing one sees every day...I see news reports saying in some markets its gained as much as 30%...
Goodto see you've edited your post... "has 'lost'" was kind of striking with your signature line..
  • #13,724
  • Jan 15, 2015 6:35am Jan 15, 2015 6:35am
Quoting Paz
{quote} Goodto see you've edited your post... "has 'lost'" was kind of striking with your signature line..
Ha ha, I typed it in the context of the chart I had open...the old reptile brain saw red
In life you get 3 types of people, those who can count and those who can't.
  • #13,725
  • Jan 15, 2015 6:36am Jan 15, 2015 6:36am
Quoting avibe
Am one of the lucky ones... I feel bad for all those who have lost.. it gets better after a loss. {image}


so jealous
but poor my account
  • #13,726
  • Jan 15, 2015 6:39am Jan 15, 2015 6:39am
Can we call this a black swan for CHF bears and a red swan for CHF bulls?
  • #13,727
  • Jan 15, 2015 6:40am Jan 15, 2015 6:40am
I see a lot of anger at SNB because they failed to keep their promise to defend the 1.2000 level for EUR/CHF with utmost determination... I think it should have been clear for every one that they'll do that as long as they find it necessary and their interest dictates to do so. It was actually expected to drop the peg one day once the economic conditions would change.
  • #13,728
  • Jan 15, 2015 6:41am Jan 15, 2015 6:41am
Is anyone elses platform frozen, I cannot get out of the trade.
  • #13,729
  • Jan 15, 2015 6:43am Jan 15, 2015 6:43am
Quoting tradewiz
Can we call this a black swan for CHF bears and a red swan for CHF bulls?
Why red swan? A black swan is a major unpredictable event that affects you regardless of the way it affects you. It's a black swan for both bulls and bears.
  • #13,730
  • Jan 15, 2015 6:45am Jan 15, 2015 6:45am
Am JUST waking up to the shock. Fortunately I was not in any trade let alone E/Chf, which I abandoned trading months ago after a sustained loss from 1.23 level followed by weeks of practically micro-pip movements. Guess I shouldn't name names but my broker stored quoting U/Chf & E/Chf and a few other Chf pairs since 4:30 am EST. Curiously, N/Chf is being quoted, which allowed me to derive U/Chf. I thought we had dropped "only" to 0.98, where my broker stopped quoting, but it's more like 0.88!!!!
Enter Signature
  • #13,731
  • Jan 15, 2015 6:53am Jan 15, 2015 6:53am
If you talk about EC I think it droped it 0.82 for a second
  • #13,732
  • Jan 15, 2015 7:03am Jan 15, 2015 7:03am
Quoting Kain83
If you talk about EC I think it droped it 0.82 for a second
Never lower that 1.03 on FXCM. I guess they had wiped out already all the longs by then.

media report 0.805, but it was something immaterial probably.
  • #13,733
  • Edited 7:30am Jan 15, 2015 7:06am | Edited 7:30am
Was this possible on CME currency E-micros?

I mean: are stoplosses honored on CME curreny e-micro futures in such situation?
  • #13,734
  • Jan 15, 2015 7:19am Jan 15, 2015 7:19am
Quoting Maks
Does anyone else have such a move in terminals on USD/CHF????? {image}
Yep ICmarkets right? Got the same here.
  • #13,735
  • Jan 15, 2015 7:41am Jan 15, 2015 7:41am
I had stop on the FUTURES market (CME/GLOBEX), and everything was really fine.

But OANDA just did what they already did and totally SUSPENDED EUR/CHF and USD/CHF for more than 1 hour !!!
Let's see what they will do about it, but they created a gap of approx 1000 pips on USD/CHF and 1500 pips on EUR/CHF with this !!!
  • #13,736
  • Jan 15, 2015 7:44am Jan 15, 2015 7:44am
Surely they can't just not ignore stop losses if they had been set up?

Dukascopy was locked out as well for EUR/CHF trading when it happened...Wanted to buy on 0.88 but was unable to

Lowest on Dukascopy was 0.8051 btw..
  • #13,737
  • Jan 15, 2015 7:53am Jan 15, 2015 7:53am
Quoting Kain83
Surely they can't just not ignore stop losses if they had been set up? Dukascopy was locked out as well for EUR/CHF trading when it happened...Wanted to buy on 0.88 but was unable to Lowest on Dukascopy was 0.8051 btw..
Right now, they have HUGE GAPS and only honored stop losses after the gap !!! Maybe they will resolve it.
They even margin called people only after the gaps !!!

And all people that were in front of their screens or running EAs to handle STOPs (that was my case unfortunately) just couldn't do anything !!!
  • #13,738
  • Jan 15, 2015 7:58am Jan 15, 2015 7:58am
i lost 50k usd, my borker charge me for 250k more,

had anyone who made profit tried to withdraw money form broker?
  • #13,739
  • Jan 15, 2015 7:58am Jan 15, 2015 7:58am
Wow I'm impressed I shorted CAD/CFH 3 days ago no TP. Been trading forex 10 years never seen anything like it. I closed my trade and the money is in!!! Now we see if they screw me. Oh i doubled my account
Trade less make more!
  • #13,740
  • Jan 15, 2015 8:02am Jan 15, 2015 8:02am
Quoting Mevo
I had stop on the FUTURES market (CME/GLOBEX), and everything was really fine. But OANDA just did what they already did and totally SUSPENDED EUR/CHF and USD/CHF for more than 1 hour !!! Let's see what they will do about it, but they created a gap of approx 1000 pips on USD/CHF and 1500 pips on EUR/CHF with this !!!
at what levels you picked up stops on CME?
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