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Posts by "helmut"

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28 Posts Total by "helmut":
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Helmut
(Hannover, Germany)
4 Posts by Anonymous "helmut":
   
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Helmut
Germany
Posted Anonymously
12 years ago
Apr 6, 2012 10:28
In Thread: CHF
A quick update on my EUF/CHF long positions. I am long here for some time already, similar on in USD/JPY switzerland needs to have a weaker swiss-franc, otherwise the export focused economy will have major problems.

My plan is to accept temporary quotes below 1.20 it could be even that the SNB kicks out speculators by going a few time significant below 1.2 when doing stronger intervention. I believe keeping significant EUR/CHF long positions is the best plan. For stop buy long orders at 1,21 or 1,22 the problem is that spikes can collect these orders and than go below 1.20 to kill it. Similar it was Nov 1st 2011 in the USD/JPY pair.

I stay long in the EUR/CHF without any stops maybe for the next six month.
BTW: Some for USD/JPY
Helmut
Germany
Posted Anonymously
13 years ago
Sep 7, 2011 19:06
In Thread: JPY
A much weaker JPY, 10-20% less would be a superior stimulus for the Japanese economy, the export industry would benefit from it in a big way, lets watch if the BOJ follows Switzerland. I believe Japan has no problem in doing so because they own the JPY currency and cannot run out of money.

I will add two additional USD/JPY long orders at, 78,12 (above the EMA50) and another one at 78,80 to be prepared. A target could be 85.
Helmut
Germany
Posted Anonymously
13 years ago
Aug 29, 2011 21:30
In Thread: CHF
FXHandler, the last few Rappen CHF down I leave up to others, CH got done what they need for their economy. Now I watch out for a EUR/CHF short opportunity. There is still an open gap at 1.1084 and often a low/high gets tested a second time. A temporary stronger CHF will come thats for sure, I will watch out for cat's comments, he understands the market interaction pretty good.

PS: I am short on Silver today, my stop is 45 (end of day), target below 30
Helmut
Germany
Posted Anonymously
13 years ago
Aug 27, 2011 11:10
In Thread: CHF
@cat, if the SNB runs out of money why is this strengthens the CHF?

I agree, at present there is no action, however there is a strong CHF short trend for the last two weeks. Even Friday morning, during the DAX selloffs the CHF was not getting stronger. The 500 bln russian oligarchs deposits are higher than the CH BIP. Maybe you can explain in more detail why you expect a return the EUR/CHF parity.

Anyways if the direction changes, I change my position. I have taken the profit Friday and keep a a quarter of the original smaller position EUR/CHF long.

PS: I am still a beginner in the FX markets, I am just trading the CHF because it is logical to me that CH cannot work EUR:CHF one to one rate, this will kill the export industry.
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