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Vermillion commented Feb 18, 2015Hilarious. Let me tell you one thing: Forex is different from stock exchanges in that it's not necessarily about prosperity of the entity in which the security is associated with. It's about the perception & value of the entity in COMPARISON with ...
FXCM to Stop Trading Some Currencies After Swiss Franc Losses
- Vermillion commented Feb 18, 2015
Greek bailout= EVERYBODY loses in Forex for that day. If you looked at forex prices, whenever Grexit became a larger possibility, we saw a spike down for virtually every major pair: eur/usd, gbp/usd, gbp/jpy, nzd/usd, it doesn't matter. A grexit ...
Why the U.S. will have to bail out Greece
- Vermillion commented Feb 18, 2015
Yes. Stand up for your right to default REPEATEDLY in the past hundred years or so. Liek that'll sit well with the EU. Funny thing is, Italy, whom Greece accuses to be in the same situation as it, has NEVER defaulted. Not ONCE. We'll likely see a ...
Greece to submit loan request to euro zone, Germany resists
- Vermillion commented Feb 18, 2015
Putin is unlikely to be able to bailout Greece to the extent that the ECB and the u.S. can. Russia just cut its interest hikes months after hiking it because their economy is being hammered by the U.S. sanctions & the U.S. oil war with OPEC. ...
Why the U.S. will have to bail out Greece
- Vermillion commented Feb 18, 2015
BOE is being accused of purposely taking an overtly hawkish view in an attempt to downplay the economic situation in the U.K. Is it true? Is it not? Who knows. I'm just riding the sentiments of the traders.
Minutes of the Bank of England Monetary Policy Committe Meeting
- Vermillion replied Feb 18, 2015
My shorts were automatically closed at break even as soon as we kept staying around 183 prior to BOE announcement, since that was the exact opposite of what I was looking for. Good thing too; I just dodged a 100pip bullet right there. Been staying ...
Dragon Riders GBP/JPY
- Vermillion replied Feb 18, 2015
BOJ press conference came out in 1:31 EST (6min ago). Let's see what they've got. Too bad I can't understand Japanese. I get some indications here. Can't guarantee accuracy, since I don't know how to confirm first hand. url I've copied the ...
Dragon Riders GBP/JPY
- Vermillion replied Feb 18, 2015
Agreed. Heck, this lines in with most of us who are shorting the gbp/jpy right now; we're doing it because it's sitting on a major trendline resistance and it's showing signs of reverting back down. As much as we'd love the trend to complete full ...
Dragon Riders GBP/JPY
- Vermillion commented Feb 17, 2015
That's George Soros, and by the way, it's completely wrong. those rumors usually belong to the realm of conspiracy theorists who wear tin foil hats. Fact is, Soros often had to close up shop with massive losses in previous AND future massive hedging ...
Greece intends to ask for extension of loan agreement tomorrow - source - RTRS
- Vermillion replied Feb 17, 2015
Yawn. Woke up after taking a couple days worth of break. Shorts at 182.20 was stopped out, restarted shorts at 183 following penetration to the next retracement support (and its immediate retest of 183). If London session starts and we're still ...
Dragon Riders GBP/JPY
- Vermillion replied Feb 16, 2015
Not for long and not forever. Very likely to be penetrated within the week as part of corrections. Look at gbp/jpy. They both want to test lower areas, and gbp/jpy is already near the 100% retracement, and well below the 61.8% retracement. 118.50 ...
USD/JPY Discussion
- Vermillion replied Feb 16, 2015
it's all up to usd/jpy. The damn 118.30 won't give in. Seriously, that thing is in need of a permanent penetration. Just look at the chart. Despite it being a US holiday, I'll still be willing to bet that it was room to fall. It's just such a ...
Dragon Riders GBP/JPY
- Vermillion commented Feb 16, 2015
Yes....well, my advice to newcomers: Don't trade the ZEW sentiment. That thing has a nasty habit of being leaked on occasion (you can tell by the direction of the eur/usd prices before, during, and after the announcement). It doesn't always get ...
EUR/USD: Trading The German ZEW Economic Sentiment
- Vermillion replied Feb 16, 2015
Probably related to the Greek debt deal, or more specifically, reports of lack thereof for today. Once again, Grexit is jumping trends & changing others without a warning. Ah well. Least this time it worked to my benefit. Still, it's only initial ...
Dragon Riders GBP/JPY
- Vermillion replied Feb 16, 2015
Last minute breach of 182. It's bigger than before. Let's see what happens. Definitely scalping a long at 181. The 100% retracement will likely be respected at least, if not the prelude to a bounce.
Dragon Riders GBP/JPY
- Vermillion replied Feb 16, 2015
Still shorting...waiting for 181 to print.....if it does ever print today....
Dragon Riders GBP/JPY
- Vermillion replied Feb 16, 2015
price is too close to 61.8 support to consider shorting right now. Shorts at 183.25 didn't get triggered....off by 5pips
Dragon Riders GBP/JPY
- Vermillion commented Feb 15, 2015
I never really look at those "expectations" and "polls" by news media. In fact, nowadays I don't even trust any private (specifically, any non-state) economic indicators, since many of them tended to be leaked up to 2 hours before the news ...
Japan Q4 annualized GDP +2.2%, much worse than expected
- Vermillion replied Feb 15, 2015
At most, we'll probably graze 182.30/20, the 61.8 fib retracement of last week's main downturn. Given that the US has a holiday tomorrow, the range for today and tomorrow will be what, 183.30~182.30/20? You could get position in on both sides of the ...
Dragon Riders GBP/JPY
- Vermillion replied Feb 13, 2015
I'm guessing this general formula applies to all pairs? Or does it only apply to the gbp/jpy?
Dragon Riders GBP/JPY