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Vermillion replied Jan 29, 2015Yeah. If it stays this high by the NY session time, there's a good chance it'll move up. Unfortunately, I've pretty much already closed my shorts when it refused to go below 178 on several occasions. I wonder if we will ever retest 177.70/80; it ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Jan 28, 2015Out of curiosity, Tyrant, do you trade any exotic/non major pairs, such as the Thai baht, Russian ruble, etc? I'm been trying to move out of my usual majors (NZD, JPY, GBP, USD, EUR), but the sheer volatility of some of these pairs leave me at a ...
EURUSD
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Vermillion replied Jan 28, 2015We have indeed broken through that unexpected (and annnoying) 178.50 support and have tested through the pivot point 178.35/45 as well. If we break below the initial resistance turned support of this bull run (178.20),we will likely see 177.80 +/- ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Jan 28, 2015It would appear that 178.50, a previous support for a breakout, is now being held as a support. We might be resuming bullish momentum sooner than I expected. I didn't notice that support because the price just pushed right past through it. Bull ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Jan 28, 2015Oh god, NO. You just said the H-word. That which must never be spoken in Forex. If we stay in a price range limbo until tomorrow, I'm blaming you.

Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Jan 28, 2015If 178.70/60 gives way, we're back to pivot point 178.35/45. We'll probably establish further proof of either direction. If it holds, the 179.30/00 could be a resistance, but I imagine it won't hold, and we're probably see 180.10/00 before any ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Jan 28, 2015Expect a retest of 177.70~178.00. I have a feeling the lower 178 will be a hotzone, with 178.35/45 being the center between a bull vs bear fight. I see an opportunity for both bulls and bears to scalp this thing for 30-40 pips on each swing. And ...
Dragon Riders GBP/JPY
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Vermillion replied Jan 28, 2015If we don't try and test 178+ within the next couple of hours, I'm liquidating all my longs and will place a small short, adding them as we go down. Two main regions of importance: 177.20/00 & 176.00/175.70. All other previous ...
Dragon Riders GBP/JPY
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Vermillion replied Jan 28, 2015Took partials at 177.980, added small long at 178 with SL at 177.70. Reload short/TP longat 178.40. Update 1: SL triggered, staying flat for now. Update 2: Added another long at 177.80, SL 177.55. TP at 178.40
Dragon Riders GBP/JPY
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Vermillion replied Jan 28, 2015FOMC update: U.S. economy is improving, blah blah blah....we're keeping the same rates Simple terms: Nothing changed, the news is as expected. Resume technical correction of the yen pairs (at least scratching at 178)
Dragon Riders GBP/JPY
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Vermillion replied Jan 28, 2015It's possible for further north as technical corrections, since the entire FOMC news showed expected material, if you kept up with U.S. news. So we pretty much what we expected. There's no vital stimulus to make new lows for the eur/usd, so I can't ...
EURUSD
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Vermillion commented Jan 28, 2015I would advise intraday traders to be careful, because this sentiment applies only down the weeks & months . We've shown bearish channels (and invalidated ascending triangles for the geppy) for intraday standards. In other words, the FOMC was really ...
FOMC Statement
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Vermillion replied Jan 28, 2015117.20 will at the very least see a bounce (it's the equivalent of 178.20/00 for the geppy). Unfortunately, I can't really see it going long to 118.8 before testing 117.20 at least, since much of this news was not only expected but also not hawkish ...
USD/JPY Discussion
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Vermillion commented Jan 28, 2015Right now, don't bother longing the usd/jpy for intraday standards. News is as expected, and western yen pairs (gbp/jpy, usd/jpy) are showing bearish signs. At the very least, if you really want to go long, just wait for a bit. No rate hike right ...
FOMC Statement
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Vermillion replied Jan 28, 2015Well, at least we didn't have much of a whiplash. I thought it might've been bigger, but only 40pips up and down on the 15min? That's......surprisingly small. And on that note, I am neutral/bearish on usd/jpy at the moment. Any opinions?
USD/JPY Discussion
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Vermillion replied Jan 28, 2015Wouldn't we need to see a rate hike for FOMC to be pro USD? Because all i can see from chart movements is that it's trying to go lower (on the gbp/jpy, it invalidated the ascending triangle), but is limited by impending FOMC news. GBP/JPY & USD/JPy ...
USD/JPY Discussion
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Vermillion replied Jan 28, 2015Well, we seem to have changed something, at least. We finally changed from a frustrating bullish movement to a frustrating bearish one.

The price keep trying to test the support-turned resistance, despite breaching it. This is the hourly ...Dragon Riders GBP/JPY
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Vermillion replied Jan 28, 2015If second 15min. candlestick finishes below the ascending triangle support line, then I'm adding more shorts. So if I'm right, we did both ourselves a favor. Also, if the breach does turn out to be permanent, I recommend those with longs remaining ...
Dragon Riders GBP/JPY
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Vermillion replied Jan 28, 2015We'll see how it reacts around 178.70/60. Like I said, if we do edge below that, we'll likely see the next support somewhere around 178.20. The operative word being "if". I'm also worried but the previous bullish formation that's been slightly ...
Geppy's Geppy Thread (GBP/JPY)
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Vermillion replied Jan 28, 2015Price hits last high (179.325)= current bearish formation invalidated. Otherwise, shorting is the name of the game if we edge below 178.60. 178.20/177.90 = initial place to take partials/TP and wait to further action. If price edges lower, 177.20/00 ...
Geppy's Geppy Thread (GBP/JPY)