Recent content by chicagodon

Not concerned about ECB increasing their QE? Being long EUR in a risk off environment isn't a terrible idea, but the fact they are easing might make it tough. Just curious why long EUR?

My only point is this wasn't a complete suprised that they would pull the floor. But you also can't say that a national bank was selling eur when they have a peg in the market. My brother in law trades at a major firm in Chicago and I talked to him. Tons of small retail brokers got caught and...

Same guy was saying SNB was selling EURCHF

http://www.snb.ch/en/iabout/assets/id/assets_reserves

Sends a big signal about next week's ECB QE, bazooka time.

Exactly what I was saying.. is this really a surprise??? SNB has been one of the biggest buyers of EUR to defend it and with QE around the corner they finally realized they couldn't afford it anymore.

Well, its a commodity currency so its not much of a surprise.. CAD is correlated on energy prices for their economy, so a fall in Oil isn't a good thing for CAD

You would have a better chance waiting for a fundamental change in a currency. Something like a rate hike/cut/QE ect.. BOJ is probably still the best option since it's not a set time of the announcement the algos can't grab it as quickly and you have a shot at getting a better price. Obviously...

Luckily for us you are just some joe blow that has a hard time comprending basic economic situations and the biggest decision you ever have to make is to use your right or left hand.

Because that would make sense for then to do....

This entire thread has been me pointing out the fact that I was suprised the proximity to the floor is so close. I never stated to be long or short as there could be 100 pips of risk on either side. If they break the floor you could be in a 100 pip winner right away but if they intervene could...

That was the most basic and dumbed down version I could find thus I thought it could help you.. what's a selling intervention?

Before you make more of a fool of yourself take a min (maybe an hour in your case since you are so dense) and read this basic summary...

It's clear you do not understand any of this. Had it passed they might not have been able to hold the 1.20 floor..

http://www.forexlive.com/blog/2014/11/30/swiss-gold-referendum-vote-fails/ Failed to pass...