CHF

Newbie: What he is saying is that as the CHF appreciates against the Euro (as it seems to have a tendency to do), when it gets down to a certain point, the SNB are likely to intervene to get it back up, since they don't want it to be too strong and discourage exports, etc. You can see the spikes clearly if you look back.

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.