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- maciejburno replied Sep 5, 2012
Effective immediately? So those that had open positions at the loss just got their money stolen. Wow... just wow, stay away from brokers like this.
- maciejburno replied Jul 31, 2012
Spike purely technical. Go on daily chart, draw a trendline and see for yourself. What do we see? Today candle is breaking out from the down momentum since March 14, and we might actually see this pair going up.
- maciejburno replied Apr 13, 2012
in my opinion they are doing amazingly good job as long as the 1.2 is not broken. 0 movement, 0 trading, nobody knows what to do. Ymm yeah, speculators might need to look for somewhere else to put their $$ to? Isn't that what SNB wants?
- maciejburno replied Mar 16, 2012
National bank will never intervene when everyone expect it. Now more and more traders are giving up, saying nothing will move this pair anymore. From technical point of view, daily and weekly shows that it should start to reverse anytime now - this ...
- maciejburno replied Feb 23, 2012
Why you are frustrated, I am counting money from swaps. Already gained roughly 5% on long positions.
- maciejburno replied Feb 23, 2012
Yes, who knows. Maybe it is an organised move by both national banks. First stage, get the speculators out of yen trading and get them to lose some $$. Once they know it is not safe to trade yen, they move onto CHF, but then SNB hit them again till ...
- maciejburno replied Feb 23, 2012
it will be considered a safe haven till Swiss decide to do something, especially now that they got pretty much kicked out from Japanese Yen.
- maciejburno replied Feb 17, 2012
Nonsense. For some time he is writing that we should all forget about cap and close all longs and short our heads off. There is no way it will break 1.20 on Monday, especially after last week statement
- maciejburno replied Jan 31, 2012
Yes, there will probably be a move in one on other direction. I just hope that SNB does something and retail traders do not lose again to speculators.
- maciejburno replied Jan 31, 2012
Why would it? Forex is zero game, one wins, other losses. If they let go through 1.20, then small retailers are going to get hit hard, while speculators are going to pocket the profit. Eventually, speculators will move out from CHF, and then it will ...
- maciejburno replied Jan 30, 2012
then you would have to thank speculators for this failure, and not blaming SNB that they were not able to protect it. They will try, but they cannot ruin whole country economy to protect exports
- maciejburno replied Jan 30, 2012
looks like they are going to intervene soon, but do not expect fireworks. I guess price will be around 1.2-1.22 for a time being.
- maciejburno replied Jan 30, 2012
1.2044 and no sight of any buy-offs. Waiting for 1.2020 then.
- maciejburno replied Jan 19, 2012
Exactly, classic example from Welsh textbook Monetary Policy. If everyone expect it, it won't happen. I won't be even surprised if they went out and said 'we MAY lift this peg' and everyone short when they intervene hard and later give press ...
- maciejburno replied Jan 17, 2012
I think he meant small interventions to keep 1.2 intact.
- maciejburno replied Jan 16, 2012
Why some traders do not realize that USD has almost no issues to Swiss economy. They are in the mid of Europe, surrounded by a single currency, and almost all of their exports target European markets (swiss watches and cheese are not everything that ...
- maciejburno replied Jan 13, 2012
It reminds me how Japan did their last intervention. They waited till most of the traders give up hope and close their longs, and then they intervened heavily. Kind of make sense. If they intervene at this moment, everyone expects that, and then ...
- maciejburno replied Jan 2, 2012
Market minimum here was also 1.2135, not sure why you got hit with 29 pips difference. You might need to check with your broker policies, sometimes you will get a margin call when you reach specific percentage of the margin.
- maciejburno replied Dec 26, 2011
What you are writing does not make sense in regards to SNB policies. If they allow price to go below 1.20, some stop loss are going to be triggered, lowering price even more. If, as you say, it gets to 1.18, it will be most likely a disaster and the ...
- maciejburno replied Oct 25, 2011
Yes but I won't be going short on this pair anywhere close to 1.20 for a time being. In 2 hours we will have the new 4hr candle, wondering how it will end up. My SL is very close to the trendline and it almost got hit (just few pips away) Going to ...