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Vermillion replied Apr 8, 2015I'm chancing a small long scalp as well, but on the gbp/usd instad. Long gbp/usd on 1.48682, Initial TP at 1.4900. Hard SL at 1.48500, manual soft SL as usual. I think we'll see a small bounce up before coming back down (even if the next intraday ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
I took profit on my gbp/usd short at 1.49040, 36 pips in profit. It's 4 pips shy of the perfect 1.49000 I was looking for, but with the FOMC being less than 15 minute away, I don't want to risk losing the profits I had for the short. I've already ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 8, 2015
Thanks. I try to make my posts informative. Still trying to get the hang of trading major fundamental news, but I still can't hold a candle to people people like Sisse. Still, my analysis is in line with the more veteran posters on FF, so it should ...
Big stop run in EURUSD down to 1.0925
- Vermillion replied Apr 8, 2015
Sold the gbp/usd at 1.49400 for a quick scalp down to test 1.49000/1.48800. Manual soft SL, hard SL at 1.49800. If price breaks 1.49000, 1.4870/50 is in order as the next "main" support (with a chance of scraping 10-20pips lower), but given that ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
Update: SL hit. Pocketed only 29 pips. Extremely large Oil reserves (USA) caused the high drop. Really high USA Oil reserves + USD hawkish Dudley = we're not hitting beyond 1.4980/1.49700 prior to FOMC. Goddamn it. Why couldn't only one of you ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 8, 2015
Yeah, but you also have to think about what happened in the first quarter of 2015. 2015 is the year of forex madness. We have the Greek debt & Grexit crisis, Russia's central bank raising & then promptly slashing rates, the Swiss National Bank ...
Dudley says Fed not taking 'huge' signal from March jobs report
- Vermillion replied Apr 8, 2015
Dudley's hawkish outburst just hours prior to the FOMC minutes news couldn't breach my hard SL at 1.49210. Hitting 1.5000/1.49900 is still possible, however. I'll have to watch the price action more diligently from now, though. My hard SLs should ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 8, 2015
Why not? Dollar fundamentals is still up and king compared to others. Dudley was perhaps a bit more hawkish than usual (he just HAD to say it a mere 4 hours before the FOMC minutes), but this was well within the realm of possibilities. I may have to ...
Dudley says Fed not taking 'huge' signal from March jobs report
- Vermillion replied Apr 8, 2015
If cable hits 1.5000/1.49900, we might get the geppy topped out for now until FOMC kicks in. Not saying you cant get a chance to scalp long, but be careful.
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
If you're longing the pound sterling, I find gbp/usd to be best. Gbp/jpy gets dragged down by usd/jpy a lot (which often moves in the opposite direction of the cable), so we get more whiplash volatility. On the other side, the sterling is really one ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
Moved hard SL to 1.49120, locked in 20 pips in profit. I'm having a hard time expecting the gbp/usd to move past 1.49700~1.5000. There's a good chance to get a small bounce of a couple dozen pips around here, and further upside for the gbpjpy will ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
Huzzah! Grab your choice of champagne, gents; for in victory we deserve it; in defeat, we need it. video I hope you enjoy this lovely piece of music. I found it rather appropriate given our circumstances. 'Cause the ship's going down All on ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
Oh. It's good to know that someone has similar targets like mine. At the very least, if our trades go south, I'll have someone to keep me company. But I get the feeling we'll be able to sneak a few pips out. Currently moving my SL forward.
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
This is a late reply, but well done. I think we're testing a bit more to the upside from 1.49000.
I'm aiming for 1.4970/60 right now-what about you?Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
Added another risky long at around 1.48924 (this assumes we'll breach 1.49000). Hard SL at 1.48700, manual soft SL. Maximum optimal target is 1.4970/60. There's a good chance of me leaving the market early with only a couple dozen pips or so ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
Be wary of potential corrections down for a couple dozen pips for pound sterling currency pairs. I'm a bit iffy around these prices.
Dragon Riders GBP/JPY
- Vermillion replied Apr 8, 2015
And done. Closed my gbp/usd longs (from 1.48284) at 1.4900 for around 71 pips in profit.
Dragon Riders GBP/JPY
- Vermillion replied Apr 7, 2015
Manual close triggered at 1.48300 for the short. Cashed in 70 pips in profit. Lost about 25 pips from the daily low around 1.480xx, but I was hoping for a potential breakdown to 1.47800 or even 1.47500, so it wasn't too bad of a risk. Currently ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 7, 2015
I agree. Often, private organization data like markit gets pre-empted in the forex market, with sudden spikes up/down coming anywhere from a few hours to just 30 minutes prior to the news in an appropriate direction. In other cases, we get ...
Eurozone PMI moves higher as growth accelerates in Germany, Italy and Spain
- Vermillion commented Apr 7, 2015
Here's my two bits: The rejection of 1.09500 (the key eur/usd area I mentioned before) area yesterday meant that we're going to see further downtrend, which we did. Given that we rejected 1.10xxx area twice, we've now opened the possibility of ...
Big stop run in EURUSD down to 1.0925