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.
EUR/CHF Floor
- Thread starter chicagodon
- Start date
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.
Sends a big signal about next week's ECB QE, bazooka time.
Ohh, Today I make huge money from this pair by news trading. Actually, I make 600 pips within new min. That is really great feelings for me. Now, I am waiting for next fresh entry.
Nice call, credit where it's due.
Same guy was saying SNB was selling EURCHF
Do you mean SNB were noobs and went long ? Look at the price, would they not have been extremely wise to sell where I said they did ?
By the way, SNB is now buying to square off their shorts.
He's generally useless, but to be fair his original reply in this thread was "I recommend selling."
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 now are trying to bust trades..
My brother in law trades at a major firm in Chicago and I talked to him. Tons of small retail brokers got caught and now are trying to bust trades..