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Vermillion commented Mar 27, 2015All these rumors about Greece is messing up my charts and price action. Sigh. I guess I'm putting off my drawing boards and analysis for now; gbp/jpy is purely event driven as of this moment, so I just might as well sit back and enjoy the show.
Rumor circulating about Greek capital controls
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Vermillion replied Mar 27, 2015Click "news" in FF website, find greek capital controls, check eur/usd and gbp/usd prices. You'll see why. The rise isn't natural; it's just people reacting to rumors (which may or may not be true; we don't know). Weird thing is, things like capital ...
Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015Hence why I mentioned manual stop loss. If i don't like the price action I see, and my analysis signals me to leave, then I'll do just that. Hard SL is the worst case scenario, and if anything, I'm likely to leave earlier before that happens. Also ...
Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015Still holding onto all three shorts for now. Initial targets are 176.50, 176.20/00, 175.70. image Hard SL slightly above recent high (15min. candlestick), soft SL is manual.
Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015Accidentally closed my short from 177.519 instead of changing SL
Just got another one in at same price though, so that's that.Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015We've got a breach. I think we're headed down. Unfortunately, I don't know about going to 175.70 today, since Yellen is due in about 5 hours. Probably nothing and/or dovish, but you never know. I've got another short lined up at 177.300, but I might ...
Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015Got a short at 177.519. Might load one more if we break 177.300
Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015As expected, we're approaching 177.30 levels. Going to take profit on a short scalp I sold from 177.731 at around 177.35/30. Personally, I'm hoping for a move down to continue the weekly trend. It'll have a much more predictable market than an ...
Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015You have to risk it to get the biscuit.
Currently watching 177.30 area. Let's see if it holds or breaks. Good area to long or short depending on price reaction.Dragon Riders GBP/JPY
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Vermillion replied Mar 27, 2015I can think of a few reasons on top of my head. a) The UK general elections is coming up in just over a month, and people are furiously speculating about that. Thiscan make things volatile as we approach May. b) The words of members of central banks ...
Dragon Riders GBP/JPY
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Vermillion commented Mar 27, 2015To all new traders: Ignore what Carney says; just price in on all the other investors jumping into buying the pound sterling. You don't trade questionable news like this; you trade the resulting temporary trend/price action that these news cause. ...
BoE’s Carney: Likely That Next Move In Rates To Be Hike
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Vermillion replied Mar 26, 2015Finally. After 9 hours, we finally hit the TP zone. Long from 176.654 closed at 177.310. Profit is approximately 66 pips. Looking for a chance to test a short depending on price action. For me, if price seems to push past 177.30/40, 177.70-ish is ...
Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015I don't know if you can call it success, really. It's not so much "swing" trading as it is "barely managing to sneak maybe, MAYBE a couple dozen pips before losing courage and chickening out".

Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015Hi Mpt. Based on my one minute chart, I have something close to 181.020 (maybe one or two pips less); it's very close to being 181, but it's slightly above for me. Edit: I was supposed to type 181.020, NOT 181.20. Sorry about that.
Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015Try the gbp/nzd? I've just been buying up on the ichimoku cloud support on the hourly. Good enough to scalp a couple dozen pips so far several times.
Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015Hmmm. For the geppy, if we make a clear break past 176.850, I doubt we'll get our TL triggered-I'm assuming we're both either using trailing stops or manually adjusting our TLs. More worried about the eur/usd. I'm tempted to short it for a prolonged ...
Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015A bit of a risk, but... going long from 176.654. Profit is somewhere between 177~177.30. image Stop loss is manual.
Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015Thanks
I wonder what will happen now, though...will it puncture through the support? Or will it bounce back up?Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015Needs to hold above the halfway between DPs (176.850). Edit: Added a scalping long at 176.730. Update: Lost the scalp with -8 pips. LOL.
Dragon Riders GBP/JPY
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Vermillion replied Mar 26, 2015Yes. meet the cousin of the mighty ManBearPig.
image Dragon Riders GBP/JPY