http://www.bloomberg.com/news/2015-...ures-jump-indicating-equities-to-rebound.html I just lost around 10 % of my Net Worth where I live( Switzerland ). My assets are 1/3 in USD, 1/3 in EUR and only 1/3 in CHF.
Some people definitely blew up today for sure, so I will be OK. Waiting for the stories from casualties( HF, prop firms, banks...)
IG Group Facing Losses up to £30 million, After Excessive Volatility in CHF See more at: http://forexmagnates.com/breaking-i...ssive-volatility-in-chf/#sthash.Eadrkr5a.dpuf
I remember when they pegged, it was just as severe, at least in my account. I just happened to be 50% long and 50% short chf. My broker is very good, ib, no bucket shop, but still my stops traded through by 9 handles. Of course my shorts went on to greater glory. I welcome chf back into the fold. It was getting kind of expensive for SNB to peg. I'm short eur.chf and plan to stay that way a long time. You never know about that USD, I try to keep my exposure at a minimum. CHF should make a good alternative now to USD.
I know a lot of grid traders have been taking advantage of the CHF ceiling, Heres one example at zulutrade http://www.zulutrade.com/trader/145971?t=10000