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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 903
Posted: Feb 22, 2010 5:00
Comments: 903
Forum Topic:
CHF
Discuss CHF
will give direction . Merkel just confused sugar with milk for coffee. Sarkozy messed cognac with mineral water. Chaos reigns.
However imo the "peg" rumor will soon falter as it is
a: impossible as SNB doesn't have the ammu to drive EURCHF up to the assumed peg 1.20 to 1.30
and
b improbable as traders would always make big profits by attacking the peg, if its is established. This would only stop with a strong EUR. Nowhere in sight.
been takin some time...hanging out....jamboys look in on forum here...but post there own
stuff on jam forum..
TZ is partner...will also head to Jam...
yes, I botched that trade and it cost a few potentials there (big)....it got away before I set limit...and
screwed it up....but still be good...esp. summer trading...and the ballz? want a pic? lol.
digi will send a pic or more lol
enjoy reading your talks with cat..
Skipper, usdchf made sym support on 1 hr at 7792 (low was 7787), bit late now for this alert :-) Kicking yerself for not taking half off a bit higher? what happed to da balls, new g/f ? You back in jam now ?
And where dem jamkids and TZ u talkin about ?
CHF now appears pegged to EUR in range 1250 to 1350
CHF is NOT sold across the board, that is plain wrong.
However fx trading this pair is no longer interesting. In case of big trouble with EUR
I have 2 options active : short @1450 strike 1525 and long @ 1250 strike 1050
The EUR recovery will not hold EUR profits merely from QE3 rumors nothing fundamental supports EUR
USDx falls 67 pips in 10 min.
sidelined now..on all trades....
spending time now with Teez....
ah la dolce vita :)
gl gt