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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:
CHF
Discuss CHF
Ashraf - I wonder if the SNB thinks the way you are. That is, if they don't support it, it will act like a downhill skier. I'm sure they don't want that, and hopefully realize it, because I went long. Thanks for all.
I'm tagging along on this one as well. I have gone long at 1.4636.
@Cool: That is also a reasonable interpretation :-) (Wait till they have intervened, and then sell...for example).
That was really clear and something which I can understand. I'll keep any eye on it. See what happens. Just checked Ashraf's tweets and he has explained. I'm wondering if thats coincidence or is he watching whats being said on the forum. Either way he is a genius
If you position yourself when it gets down to these levels, you can make money.
I have only managed it a couple of times, but if you are observant and patient, I am sure it could be another of Ashraf's "gifts that keep on giving"! :-)
Beware though, I think a little while back, SNB indicated or hinted it wasn't going to intervene any more, so if you depended too much on this you could get caught. However, it looks like they have decided to start doing it again.
Look carefully at the chart and you should be able to pick out approximately where they are likely to intervene. There are no guarantees here mind. It may be a gift, but it's only handed out to the crafty :-) Allow yourself a little leeway both in entry and take profit; i.e. don't try to take the whole move, just take a bit of it.