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Vermillion replied Nov 25, 2014For those who are wondering why the past few days have been terrible: remember, it's thanksgiving week. While Thanksgiving isn't universally celebrated, it affects the volatility of pretty much all USD pairs, so expect to see weird movements and ...
EURUSD
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Vermillion replied Nov 25, 2014I'm hedging my bets on at least a small pullback before going beyond 120. there's just too much of a psychological block for it to just fly right through; as previously stated, it's a level that hasn't been seen in over a decade, and it's also a ...
USD/JPY Discussion
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Vermillion replied Nov 25, 2014I like what I'm seeing on the 15 minute and 30 minute charts. Potential resumption of correction for GBP/JPY. Waiting to add shorts depending on performance in the next half hour or so.
...or it could be me being too optimistic. Still, ...Dragon Riders GBP/JPY
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Vermillion replied Nov 25, 2014I'm leaning slightly more towards a intraday correction up to 1.255. We may also briefly scratch 1.2560/70, but we're likely not going beyond 1.2600 today. Not unless we have some heavyweight surprise news coming (which could happen, but likely to ...
EURUSD
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Vermillion replied Nov 25, 2014Let's see what happens. We're arriving at the 1.2500 range; if it acts as resistance, add shorts. If it's breached, and acts as support, we'll see more corrections. But honestly, if you've got a thousand dollars to burn. add a small short, wait a ...
EURUSD
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Vermillion replied Nov 25, 2014The chart shows upwards....but it's still some 20 pips shy of the 185.60 area. I don't see a clear break, so... If my question was interpreted as an idiotic one, then well...I guess I am a fool. But I was being honest on that one, so...

Dragon Riders GBP/JPY
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Vermillion replied Nov 25, 2014By the G/Y "turning", do you mean bullish or bearish?
Dragon Riders GBP/JPY
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Vermillion replied Nov 25, 2014That's probably for the best. I'd watch the 1.2550 mark especially; it that's breached, we'll see a bigger correction. I'm at a dilemma. Should I just take small shorts and wait a month or two (price guaranteed to dip lower), or should I use the ...
EURUSD
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Vermillion replied Nov 25, 2014I find your predictions doubtful under current status. The massive selloff during Draghi's speech was a confirmation that the market makers are interested in pumping & dumping prices instead of actual bullish momentum. Overal EUR/USD is still ...
EURUSD
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Vermillion replied Nov 25, 2014Closed short at 1.246. CB consumer confidence for the USD is bad; we'll see a resumption in bounce (i.e. EUR/USD will go up intraday). Awaiting the 1.2500 range to consider shorts.
EURUSD
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Vermillion replied Nov 25, 2014I'd lean more towards a mix of pump and dump & a bounce before further movement down. Like I said, both the major banks/institutions as well as professional retail traders are still bearish on this pair until at least 1.2200 (or 1.2000 depending on ...
EURUSD
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Vermillion replied Nov 25, 2014That's the thing. I get the feeling the market movers want to suppress the GBP/JPY & USD/JPY down before restarting upwards momentum, but today's data has been positive for the dollar (and by association, the British pound). We keep getting stuck at ...
Dragon Riders GBP/JPY
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Vermillion replied Nov 25, 2014I'm guessing that if the U.S. consumer confidence is positive, we'll see a resumption in the GBP/JPY bullish momentum? If not (and the news turns out bearish for the dollar), does the correction still apply down to 184.00 levels?
Dragon Riders GBP/JPY
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Vermillion replied Nov 24, 2014Here's a cutout of a recent post I did a few minutes ago in the USD/JPY section. This'll help any newcomers with what's going on right now in the GBP/JPY. Here's a good snippet of Kuroda's speech that best expresses the effects of the news on the ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Nov 24, 2014Retracement isn't over yet. Wait and see whether bulls will regain momentum. Until then, I don't think that statement is sound. I'd say we've a very good chance of breaking 119 within the week, and 120 is definately within range as well. the only ...
USD/JPY Discussion
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Vermillion replied Nov 24, 2014I give you 3 options Option A: Don't start at 117.5. Reload at 117.4/117.3. The retracement has a very good chance of reaching those points if not beyond, and it's free 10/20 pips. Option B: Wait a bit more before reloading Option C: Reload a small ...
USD/JPY Discussion
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Vermillion replied Nov 24, 2014Here's a good snippet of Kuroda's speech that best expresses the effects of the news on the currency. "At the same time, this would be a part of the process of having the fruits of the correction of the yen appreciation and of overcoming deflation ...
USD/JPY Discussion
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Vermillion replied Nov 24, 2014You think this drop is bad? Check out GBP/JPY. I've never seen so much profit in such a short time. Shorted at 185.823, price drops down 60 pips in 10 minutes just before Kuroda o.0 Fastest profit i've made in 3 months.
USD/JPY Discussion
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Vermillion replied Nov 24, 2014When everyone's quiet on top pairs like EUR/USD, USD/JPY, and etc, it usually means that the market is too uncertain & that there's nothing significantly new to list. In other words, everyone's staying on sidelines and/or maintaining their current ...
EURUSD
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Vermillion replied Nov 24, 2014Long closed slightly early at 1.2400. total profit on this long: 74.6 pips. Awaiting fresh signals on pivot point. If 1.2440 acts as support, reload long. If it serves as resistance, short it.
EURUSD