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Vermillion replied Apr 7, 2015It may be, but there's always some people here like Gator, Sisse, and others who provide insightful commentary without voicing a particular positional bias. Just be on the lookout for those few jems in the forum, I guess. Every cloud has a silver ...
EURUSD
- Vermillion replied Apr 7, 2015
Actually, it might just hit it between NY session and Tokyo. We may not even need London to get things rolling. If I had to scalp a long, I'd favor 1.07500~1.07900, preferably in the former rather than the latter. 1.08035 also seems a bit dangerous ...
EURUSD
- Vermillion replied Apr 7, 2015
It would make for a hilarious weekly/monthly reversal if it turns out to be the Scottish Referendum from 2014 again, only this time it's reversed and will spike up like hell after bottoming out.
Go intraday trend, go!EURUSD
- Vermillion replied Apr 7, 2015
Actually, that's EXACTLY why I was shorting the old sterling. With the elections coming up in May, & the downward trend of the eur/usd dragging other pairs (i.e. the cable) with it, I thought that shorting the gbp/usd was a "safer" alternative to ...
EURUSD
- Vermillion replied Apr 7, 2015
Speaking of summer months (june~august), after we hit somewhere closer to the yearly lows, I wonder when the next euro corrective spike will be..... The problem with QE for me is that while we all know it means that currency is slated to go down in ...
EURUSD
- Vermillion replied Apr 7, 2015
Breakdown below 1.4840/30 confirmed. Moved SL forward and locked in 10 pips more (now 28.5) in hard SL profit. Currently watching 1.4800/1.47800 as the next support. If 1.47500 is printed, I will take profit no matter what happens, even if the price ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 7, 2015
No. Based on the previous trend of Greek news alerts in the past 2 months, Grexit (or even fears of grexit) will cause the euro to fall and dollar to rise as a currency haven. Do NOT long euro if we get a potential Grexit announcement. Wait a while ...
BOE calls on banks to brace for Greek eurozone exit
- Vermillion replied Apr 7, 2015
Shorting from 1.49000, profits locked in with stop loss at 1.48815. Optimal TP at 1.47500. image To clarify for those are confused about the graph (if there are any): First red line is my hard stop loss, second red line is my optimal TP zone. You ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 7, 2015
Greek crisis being escalated is a possible outlier event I guess-unlikely to happen right now (i.e. withi a week or a month), but definitely within the scope of imagination. Meh. I don't really care though; a Grexit would only benefit my eur/usd and ...
BOE calls on banks to brace for Greek eurozone exit
- Vermillion replied Apr 7, 2015
If the cable breaks 1.4840/30 and falls to lower supports, gbp/jpy will probably follow it to a degree. IF gbp/usd goes down, the gbp/jpy will go down as well-the only question being how much in most cases. Sometimes it follows it proportionally, at ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 7, 2015
I'm eyeing a retest of monthly & possibly yearly lows for the eur/usd within the next month or so. FOMC minutes announcement will probably cause a spike up-only question is where to get in for shorts. I don't expect a spike as high as the one from ...
EURUSD
- Vermillion commented Apr 7, 2015
It's curious what a stark contrast this reply is from your initial vocal and eagerness to criticize me. It still nonetheless reveals that you're just another one of those common Forexfactory traders who only post about the direction they're trading ...
Big stop run in EURUSD down to 1.0925
- Vermillion commented Apr 7, 2015
I didn't even bother trading the eur/usd; what are you talking about? I longed the gbp/usd on 1.48780 and profited at 1.49070. I made a profit, not a loss. In fact, I specifically stated in my posts that I was longing the gbp/usd, and did not feel ...
Big stop run in EURUSD down to 1.0925
- Vermillion replied Apr 6, 2015
My guess was correct. Australian cash rate still at 2.25%, no change.
AUD/USD
- Vermillion replied Apr 6, 2015
Based on recent data, the Reserve Bank of Australia should be leaning towards cutting rates down to 2% (a net decrease of 0.25%). However, I get a feeling they'll keep the rates in April and slash it in May. I expect a rebound for the AUD if that ...
AUD/USD
- Vermillion commented Apr 6, 2015
Interesting. 7/12 major banks say it'll cut rates down to 2% 4/12 say it won't cut rates during april but will do so in May. 1/12 (Morgan Stanley) just says AUD will fall, but makes no mention of the rates in terms of company prediction.
What To Expect From RBA? - Views From 12 Major Banks
- Vermillion replied Apr 6, 2015
I haven't posted here much (I usually post on the gbp/jpy threads) Here's my two bits: Currently long from 1.48780. Planned trade duration is intraday scalp; slated to be finished within a day or a few hours. Hard SL at 1.48400, Manual soft SL ...
Cable Update (GBPUSD)
- Vermillion commented Apr 6, 2015
Refer to my quote below; that should clarify my position. I've said it many times before: We don't know the trend right now, so we should just watch key support/resistance (S/R) and the price reaction from there.
Big stop run in EURUSD down to 1.0925
- Vermillion commented Apr 6, 2015
Oh great. Greece is going to add further volatility in the euro, pound sterling, and US dollar markets. Maybe it's nothing, maybe it's something. I'm not adding any positions right now; that's for sure.
Greeks Pursue Talks on All Fronts as Tsipras Heads to Russia
- Vermillion commented Apr 6, 2015
Not necessarily. Last few weeks are part of the expected heavy correction on the daily/weekly chart. Quite frankly, if the correction is still ongoing, hitting 1.1100+ isn't out of the question and is in fact expected for the upside. If the downside ...
Big stop run in EURUSD down to 1.0925