EUR/CHF

[AdventureTrader]

Price has been consolidating on the EUR/CHF for a long time now. We're currently at 1.2014, just 14 pips from the Swiss national Bank floor. I think this is an amazing opportunity for a trade. You have a national bank behind you for goodness sake, what better reason do we need!?

[UncleBuck]

It looks like the SNB is severely controlling the volatility of the swiss franc now. With 1 pip movements every 15 minutes (if we're lucky), the EUR/CHF is very difficult to trade right now.

The problem is the spreads we have to pay. If we have to pay 2 pips spread, trying to claw that back in this market is so incredibly difficult. So where scalping looks like a handsome prospect, it's still not ideal.

If you were to trade this, like me, I would go long, with take profits of 10 pips, stop loss at 1.1990. (Yes, I know the stop loss is larger than the take profit here, but we're going by the probability that price will stay about this level. I think we'd see a lot more take profits with this strategy than we'd see stop losses, and that why I think it could make a good strategy.

[Dominator4fx]

It looks like the SNB is severely controlling the volatility of the swiss franc now. With 1 pip movements every 15 minutes (if we're lucky), the EUR/CHF is very difficult to trade right now.

The problem is the spreads we have to pay. If we have to pay 2 pips spread, trying to claw that back in this market is so incredibly difficult. So where scalping looks like a handsome prospect, it's still not ideal.

If you were to trade this, like me, I would go long, with take profits of 10 pips, stop loss at 1.1990. (Yes, I know the stop loss is larger than the take profit here, but we're going by the probability that price will stay about this level. I think we'd see a lot more take profits with this strategy than we'd see stop losses, and that why I think it could make a good strategy.

SNB may or may not Intervene in the Swiss Franc. It is already considered as a Safe heaven by many traders and also when the time till the SNB had intervention costed it too much dear

[MissPips]

SNB may or may not Intervene in the Swiss Franc. It is already considered as a Safe heaven by many traders and also when the time till the SNB had intervention costed it too much dear

My understanding was that the Swiss National Bank would protect the 1.20 with everything they've got. Do you think they've run out of buying steam?

Also, I know the Swiss France was a safe haven back before the intervention, but since then has it lost a lot of its safe haven attractiveness?

[UWCNeeraj]

EURCHF is ranging around the 1.20 Floor price that was set by the SNB after the Intervention.

[UncleBuck]

EURCHF is ranging around the 1.20 Floor price that was set by the SNB after the Intervention.

Long opportunities galore here. Long position with a take profit of 1.2030 is like money in the bank. (don't hold me to that! The SNB haven't saved me in the past when I was expecting them to, and I lost a lot of money because of it.