The shock death of the world’s ‘safest’ currency?

B

Black Swan

It's a sales pitch obviously, but some interesting points made/raised?

The shock death of the world’s ‘safest’ currency...

So, can you guess which currency is in such dire trouble...?

The US$, with the collapse of some of its major investment banks and its 200 billion-dollar bail out?

The Zimbabwean dollar, where a million dollars won’t even buy you a loaf of bread?

Or maybe the Icelandic krone, where there’s all the fish in the world but nothing to pay for it with, or even the Sudanese pound where you’ll need 2 land rovers to get you over the border; one for you, and the other to carry all the notes you need for petrol and bribes

Well it’s none of those currencies. In fact the currency we’re looking at could well be the last currency in the world you’d think would be in trouble...

And I’m willing to bet that most people are missing out on this spectacular trade as a result.

But as I’ve said, this ONE play has made me a sharp £1,970 already. And according to the SOS signal the bulk of the profit is yet to come.

Take a look at this...
Forex Trade Alert, Tom Tragett - FSPonline-recommends.co.uk
 
chf is in bad shape yeh..charts look down right nasty. altho look at a daily..seen that pattern anyone before? stock market bottom
 
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The reasoning on that website is stupid and I'm not sure I want to take trading advice from Father Ted anyway.

Nevertheless, CHF does worry me a bit... if it were to collapse it would be ludicrously violent and sudden. That's always the case with the safest looking stuff...
 
LOL what a lot of horsesh*t.

Eur/Chf to go up?

Yeah right, like SNB intervention has worked well so far.

It's the same old pattern time and time again.

The Swiss Franc will get STRONGER not WEAKER (relative to the Euro).

This one's down.

Sorry folks.
 
The Swiss franc is going under - what, snowed under?
Currencies go up and down, not the end of the world or even a particular currency; doesn't mean to say because something is trending that you can extrapolate that indefinitely till it becomes worthless.
Pure sensationalist claptrap.
We're not talking about the Zim $ here.
The only currency whose value could get eaten up rapidly is Malta's.
The Malteser.
 
trader_dante said:
LOL what a lot of horsesh*t.

Eur/Chf to go up?

Yeah right, like SNB intervention has worked well so far.

It's the same old pattern time and time again.

The Swiss Franc will get STRONGER not WEAKER (relative to the Euro).

This one's down.

Sorry folks.
Click to expand...
What he said.

It's like trying to hold back a river using a spoon.
 
....This thread reminds me of Frazer of Dad's Army...We are doomed.....I tell you we are doomed....!
 
Mr. Charts said:
The Swiss franc is going under - what, snowed under?
Currencies go up and down, not the end of the world or even a particular currency; doesn't mean to say because something is trending that you can extrapolate that indefinitely till it becomes worthless.
Pure sensationalist claptrap.
We're not talking about the Zim $ here.
The only currency whose value could get eaten up rapidly is Malta's.
The Malteser.
Click to expand...

.....:LOL:......
 
arabianights said:
The reasoning on that website is stupid
Click to expand...
I don't know about that but I can remember when the CHF was around 4 to the GBP - it doesn't seem that long ago - and I haven't noticed the Swiss economy grind to a halt on its way down to 2.50.

and I'm not sure I want to take trading advice from Father Ted anyway.
Click to expand...
:LOL: "The money was just resting in my account..."
 
arabianights said:
The reasoning on that website is stupid and I'm not sure I want to take trading advice from Father Ted anyway.

Nevertheless, CHF does worry me a bit... if it were to collapse it would be ludicrously violent and sudden. That's always the case with the safest looking stuff...
Click to expand...

Was it not always regarded as the world's safest currency due to one simple reason, it had the lowest creation/circulation of any reputable currency on the planet? I think we'll find (if we dig around for the the 'M' figures) that the 'printing presses' have been busily whirring, printing fresh Swissies like they're going out of fashion over the past 5 years...simply because it's a race to the bottom does not make the Swissies 'safe'...
 
Interesting to see if "Tom" and his system saw that move coming...I'm sure he'll say he did...but once again backs up my point...intervention does sweet FA but kill a few shorts...

This thing will go down. The SNB is totally unable to hold that up. Look at the PA.
 

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trader_dante said:
Interesting to see if "Tom" and his system saw that move coming...I'm sure he'll say he did...but once again backs up my point...intervention does sweet FA but kill a few shorts...

This thing will go down. The SNB is totally unable to hold that up. Look at the PA.
Click to expand...


Well something was holding up USD/CHF over a similar time period after the initial V-bounce. Guess that was recent dollar strength which seems to have just collapsed, for now anyway.

BTW are you talking to yourself now Tom or did you just forget to put some
s in?
(Or are you referring to the Great Dane Tom?)
Click to expand...
 
trader_dante said:
Interesting to see if "Tom" and his system saw that move coming...I'm sure he'll say he did...but once again backs up my point...intervention does sweet FA but kill a few shorts...

This thing will go down. The SNB is totally unable to hold that up. Look at the PA.
Click to expand...

Fascinating times...
 
trader_dante said:
LOL what a lot of horsesh*t.

Eur/Chf to go up?

Yeah right, like SNB intervention has worked well so far.

It's the same old pattern time and time again.

The Swiss Franc will get STRONGER not WEAKER (relative to the Euro).

This one's down.

Sorry folks.
Click to expand...

How well is this strategy, holding up now? http://www.fsponline-recommends.co.uk/page.aspx?u=ttfsd497&tc=MTTFK908&PromotionID=2147066388&

Looks like this guy has "come out of retirement", to zero his retirement fund...

Circled area is where this thread started.

The CHF currency is in real DIRE TROUBLE...LOL

Mind you if you fall for a strategy like that...
 

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I remember a while back getting several mailshots from Tom Tragett banging on about how a trade he'd "been waiting 30 years for... the trade of the century" was close to triggering and I had to act to be in on it.

From what I could gather from the promotional literature the setup was a monthly 100/200sma cross on GBP/JPY, which got Tom and his clients in long somewhere above above 240 :LOL:
 
trader_dante said:
How well is this strategy, holding up now? http://www.fsponline-recommends.co.uk/page.aspx?u=ttfsd497&tc=MTTFK908&PromotionID=2147066388&

Looks like this guy has "come out of retirement", to zero his retirement fund...

Circled area is where this thread started.

The CHF currency is in real DIRE TROUBLE...LOL

Mind you if you fall for a strategy like that...
Click to expand...

You can't fool me Tom, that's as thinly a disguised message that you're going long on EUR/CHF (once it crosses tomorrow's P.P.) as I've ever seen, I've still got a few quid left in one of me IG accounts, will a 6 pip stop loss be OK playing *off the dailys*, or should I brave it and put in a 15? :p
 
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