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Vermillion replied Dec 11, 2014image Picture explains all. PROFIT.
*uncorks champagne*Dragon Riders GBP/JPY
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Vermillion replied Dec 11, 2014I wonder if I should reload a long right now at the slight correction from 186.40. I'm hedging my bets that we'll see a rise to 187.20~187.80. What do you all think about the minimum rise? At least 187? 188? Or...? I currently have a long from ...
Dragon Riders GBP/JPY
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Vermillion replied Dec 11, 2014Still got one final long in. One whole lot at 185.08. Did hyper aggressive trading between the 185 margin. Previous trades since the Tokyo market times made $382, lost $305. Still profited $72. Current status +60 pips. Awaiting 186.4 before ...
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014Well, this is pathetic. I'm only getting small fraction of my profit because the geppy refuses to test the pivot point. ....I should've just cashed in. A loss of $1000 in profit....blegh.
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014Wow. The geppy tried to breach the 185 line 10 times in the past 5 hours. Amazing. I guess the bears really want to drive it down and test 184.
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014I get the feeling that after a few times of trading back and forth, we'll see a break out soon enough. There's the rising trendline which hasn't be completely thrown off the rails, and a newly formed descending triangle. Expect higher volatility as ...
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014185 rejected three times in the past hour. Very good chances of retesting 186.40/70 mark, and possibly 187.20~187.80
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014At 185, because it's a psychological support AND a previously tested low, it'll bounce back to 185.40/70 minimum. Actually, it just did that. Oh wow. My longs are safe. Stop loss is above break even. ......Still doesn't change the fact that I'm ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Dec 10, 2014Reloaded long at 185.30 for 0.55 lots. Awaiting bounce back up to 186.40/70, and 187.80 if the initial area is breached.
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Dec 10, 2014A shakeout could also briefly touch 2500. People have a psychological resistance at that point, so the market makers just might go slightly above 2500 and crash it down within an hour. So it might go up to say, 2520.
EURUSD
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Vermillion replied Dec 10, 2014Corrective bounce at trendline. Squeeze the market a few extra dozen pips. You usually don't get predictable trades like this, so you'd better milk it for all it's worth.
EURUSD
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Vermillion replied Dec 10, 2014Not without a small correction below. 1.2450 is a major trendline resistance; expect a fall down to around 1.240. It might also fall even below, but if it's still bullish, the 1.240 will be the area where the bulls take over once more. Note: This is ...
EURUSD
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Vermillion replied Dec 10, 2014To be more specific: Expect a bounce from 185, and the mother of all bounces around 184 if price drops after the bounce (intraday terms; not even short term) I think 185 is still good enough to scalp; we have a solid support there. Of course, I am ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Dec 10, 2014Doubt it. It'll likely bounce off around 185 at the worst case, but I don't know what happens once the bounce reaches around 186.40/70. We might test the pivot point resistance of 187.8, but I'd say that after this bounce, we'll have a definite ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Dec 10, 2014Well, that does it. One of them is stopped out, looking for retest of 185.5. Edit: Of COURSE the market is retesting the 186.50 margins right after I wait for 185.5 for a reload.
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014If 186.20 is breached (that is to say, price dips below 186), expect a drop to 185.5
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014Actually, it's pretty rare for it to be so one sided. Usually, it means we're right....to an intraday perspective to an extent.
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014Look at Forex Factory under "trade" section. 83% of traders are long, 17% are short. I guess most people here also still believe in a climb to the upside.
Dragon Riders GBP/JPY
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Vermillion replied Dec 10, 2014It would make for a bad joke if the geppy surged past 187 only to drop back down to 185.50. That'd make for a terrible joke.
Dragon Riders GBP/JPY