CHF

....playing devils advocate...LT short eurchf: tech side - monthly chart showing characteristics of a great short opportunity; fund' side - EZ macro economy downside a clear & present danger, and central banks have been broken before, just ask Georgie' and Co...

A quick update on my EUF/CHF long positions. I am long here for some time already, similar on in USD/JPY switzerland needs to have a weaker swiss-franc, otherwise the export focused economy will have major problems.

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

finally.. been waiting for this long time.. expected at least 100-200 stop hunt.. but SNB billions are stoping that at 1990.. for how long though..

Update on my usdchf count suggesting that risk-on will prevail for a week or two. Also note the H&S formation once the B wave up was completed. First alerted this pattern relating to likely position of the DX in early January so its playing out well now.
http://chart.ly/iltomqg

T2 done..