Well, SNB or someone is selling it into the floor. If the claim of intervention is proven, then that points at SNB as the seller because the price is going down.
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EUR/CHF Floor
- Thread starter chicagodon
- Start date
Well, SNB or someone is selling it into the floor. If the claim of intervention is proven, then that points at SNB as the seller because the price is going down.
Wow... it's clear even you have no idea what you are even talking about at this point so move along.
I think I hear that garbage truck coming...
Wow... it's clear even you have no idea what you are even talking about at this point so move along.
I think I hear that garbage truck coming...
Obviously I know what's going on more than you do. I know the price is going down from selling by some entity or by SNB (there are claims of SNB doing stuff in the market and the price fell. It is therefore logical to conclude they are causing the fall). You probably think the price is going down through voodoo magic or something.
Say what???Well, SNB or someone is selling it into the floor. If the claim of intervention is proven, then that points at SNB as the seller because the price is going down.
How does your floor look now ? What will be the effect of SNB's already accomplished selling intervention be then ?
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..How does your floor look now ? What will be the effect of SNB's already accomplished selling intervention be then ?
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..
http://www.forexlive.com/blog/2014/...ferendum-sunday-30-november-2014/?mobile=true
http://www.forexlive.com/blog/2014/...ferendum-sunday-30-november-2014/?mobile=true
How does your floor look now ? What will be the effect of SNB's already accomplished selling intervention be then ?
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..
I know enough to say there are heavy bets on the 1.20 breaking. Anyone who go contrary to that is going to lose their shirt. To make this more interesting, tell me you are long ? If you are, will you be averaging down once the 1.20 is breached ?
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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..
http://www.forexlive.com/blog/2014/...ferendum-sunday-30-november-2014/?mobile=true
Your most valued and trusted source of forex advice states in the first link:
"Late in Friday trading, the sense was that a failure was priced in but we won’t know for sure until markets re-open."
If they are not confident of their assessments/predictions/speculations, where are you getting your confidence from ? Pull it out from the a** ?
You are going to learn a couple of important aspects in financial trading: First, you don't mess with the longer term trend - it is driven by economic fundamentals and won't turn around easily because some website says so. Second, those who give you tips would be making truck loads of money if their tips were any good. That means they wouldn't need to run a website to make a living.
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