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Vermillion commented Apr 6, 2015My advice for newcomers is to just do nothing. The thing about massive movements in markets is that when the dust settles off, there's always little bits and pieces it leaves behind via chart movement, so you might be able to predict the next coming ...
Big stop run in EURUSD down to 1.0925
- Vermillion commented Apr 6, 2015
Many major national banks are on holiday. this creates tighter ranges and higher volatility (i.e. a lot of moving back and forth in a tighter range). If the Market Makers are doing a stop run, there's no national institution to prevent a price ...
Big stop run in EURUSD down to 1.0925
- Vermillion commented Apr 6, 2015
Correct answer: We don't know. This big of a drop without a reason...if we don't get a news alert explaining it, then it's a stop run, which means that there's also a good chance we'll go up a lot for the eur/usd. Market Makers have historically ...
Big stop run in EURUSD down to 1.0925
- Vermillion replied Apr 6, 2015
I see immediate resistance (say, for the next 2 hours or so) at around 1.101000~1.10200. Right now, by this point, the psychological resistance will be respected, but it won't necessarily hold. Look for areas around said psychological point, and be ...
EURUSD
- Vermillion replied Apr 6, 2015
Good, good. Nice to see another person managing to snag a few dozen pips from the market. Finally, someone who realizes that the market is our common enemy in FF, not ourselves.
However, I'd be wary for the AUD; we don't know the details ...EURUSD
- Vermillion commented Apr 6, 2015
Actually, no. That only applies during the initial announcement of QE, actual start of QE, and if/when there is any change in QE. After that, QE is "priced in" the market (macroeconomics 101), and the temporary stimulus in the economy caused by QE ...
EUR/USD: Zigzag Correction; Levels & Targets - Goldman Sachs
- Vermillion replied Apr 6, 2015
As expected, we had another drop. Took a short at 1.10270, I'm currently aiming for around 1.09800. I expect this to be a temporary dropm however, and I'm looking for another leg up. If we hit above 1.10300 sometime in between later hours today and ...
EURUSD
- Vermillion replied Apr 6, 2015
I'll never understand why so many new traders bother buying/selling in between key supports and resistances. Just let the price come to you. IF you didn't get the ongoing intraday trend, just sit down and wait. Hint: selling right now isn't a good ...
EURUSD
- Vermillion replied Apr 6, 2015
LOL. Yeah, but the market itself by name still exists. And on that note I left my shorts since they didn't even go near 1.49000 by the start of the London session.
Dragon Riders GBP/JPY
- Vermillion replied Apr 5, 2015
And we start the week with my concerns hitting the market somewhat on the mark. Eur/usd pops up almost 30 pips above from the opening price, but I don't think it's a bullish momentum for bulls for the next few hours. For the intraday, I see a ...
Dragon Riders GBP/JPY
- Vermillion commented Apr 3, 2015
Really late. I already cashed in on my eur/usd shorts from 1.100 at 1.09700 as soon as the news came out about nearly an hour ago from reuters and even scalped a long for 12 pips. Forexfactory took way too long to get this one.
Greece says ready to make IMF payment on April 9
- Vermillion replied Apr 3, 2015
If we do go up, 1.1150 is halfway between fib points. I expect upside to be limited to around 1.13 no matter what (no bank liquidity = rising hundreds of pips even on good news for the eur/usd is pretty much impossible) Typo: "1.150" written ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 3, 2015
Normally, I'd agree about going to new highs after 1.10, but in this case, I disagree. Germany, U.K., and Swiss banks are on holiday. That'll make it really hard to keep rising since banks aren't providing more liquidity. I'd rather not trade this ...
EURUSD
- Vermillion replied Apr 2, 2015
Yeeeees, Alien. To f*** up or to not f*** up; that is the question.Evidently, I seem to be somewhere in between the two for this week considering that I've spent half the week unable to take profit and the other half going wild by just trading the ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 2, 2015
Very risky scalping short at 177.438. Manual SL. I don't recommend people following me. TP at 176.80/70, but may be closed early depending on price action. If price looks like it's going back up, I'm out. Update: Out with 10 pips in loss. Update 2: ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 2, 2015
Just be wary of potential corrective drops from 178.40~178.90. Upside should be limited to around 179.30/20 at the most for New York session (yesterday's high was around 178.420), but it's more likely we'll face a significant amount of stiffy at ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 2, 2015
Very true. Goal in trading isn't to maximize profits, but to minimize losses.
Only problem is, fixing your errors is hard for trading if it's your current trading strategy that's off; My current weekly record stands at around 64% accuracy ...Dragon Riders GBP/JPY
- Vermillion replied Apr 2, 2015
Oh, don't get me wrong. It took me around 3 trading days to get it right. Lost a lot of potential profit because I refused to TP or adjust positions. I never said I was the first to call this one; I just find it so hilarious that being "illogical" ...
Dragon Riders GBP/JPY
- Vermillion replied Apr 2, 2015
Once again, Good Friday's NFP news always causes prices to be in range trading.
Fundamentals? Charts? What are these things you speak of? Just buy low and sell high (prior to Friday, of course) 
Never has so many pips been made by relying ...Dragon Riders GBP/JPY
- Vermillion replied Apr 2, 2015
For what it's worth, GU just rejected 1.48100, which was a key support on the hourly & 30min chart, so for the moment I'm leaning towards further down.
Dragon Riders GBP/JPY