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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
My plan is to accept temporary quotes below 1.20 it could be even that the SNB kicks out speculators by going a few time significant below 1.2 when doing stronger intervention. I believe keeping significant EUR/CHF long positions is the best plan. For stop buy long orders at 1,21 or 1,22 the problem is that spikes can collect these orders and than go below 1.20 to kill it. Similar it was Nov 1st 2011 in the USD/JPY pair.
I stay long in the EUR/CHF without any stops maybe for the next six month.
BTW: Some for USD/JPY
http://chart.ly/iltomqg