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Vermillion commented Oct 12, 2015Well, usually they don't outright lie (usually), but USA and Europe also manipulate things for their own advantage. You can't trust the German ZEW reports, SNB, etc. I meant that they lie less. It's the lesser of 2 evil, basically.
China trade balance for September: CNY 376.2bn (expected is CNY 292.4bn)
- Vermillion commented Oct 12, 2015
It also depends on whether people believe this data from China is reliable as well. China has a habit of lying, and on occasions, the markets just ignored bullish news for the yuan, since they were simply unrealistic.
China trade balance for September: CNY 376.2bn (expected is CNY 292.4bn)
- Vermillion commented Sep 18, 2015
You're thinking more long term fundamentals. I'm a daytrader, and was referring only to the immediate intraday spike. The immediate reaction in the current market (thanks to the SHCOMP crash) is that a bearish news for the yuan makes the yen a ...
Former Japan MoF official Sakakibara: USD/JPY rate unlikely to be toward 125
- Vermillion replied Sep 17, 2015
Broke below 186.750, took profit around 186.660. I'm out and just waiting on the sidelines Update: Selling from 186.50. Chart movement on 5min, 15min, 30min seem to indicate further descent for now, though I'm not sure about how much. Targetting ...
Dragon Riders GBP/JPY
- Vermillion replied Sep 17, 2015
Ah. No worries, mate. Just surprised, that's all. For a moment, I actually did think that I didn't post it. Though to be honest, I do know several decent enough traders who don't seem to use a stop loss on ForexFactory (ex: FxTyrant). But that's too ...
Dragon Riders GBP/JPY
- Vermillion replied Sep 17, 2015
I think you're mistaken. Please refer to the following: In my statement that you've quoted, I've given three separate indications that I've set a proper SL (stop loss): twice when I posted (one is shown on highlighted on the quote, and the other ...
Dragon Riders GBP/JPY
- Vermillion replied Sep 17, 2015
Longing the gbp/jpy from 186.421. Initial targets at 187.70/50, 188, 188.50 +/- 20 pips, 190, 190.70/50. Hard stop loss (SL) at 186.10. Soft SL will be in place once we get a confirmed break above 186.750 with the zone acting as support. I'll ...
Dragon Riders GBP/JPY
- Vermillion commented Sep 17, 2015
No. The chinese renminbi (yuan) preference rate was lowered just now(i.e. yuan stronger). It's the highest it's been for weeks. Higher yuan value = lower yen value right now, given Shanghai Composite Index's volatility. Thus, USD/JPY shot up when ...
Former Japan MoF official Sakakibara: USD/JPY rate unlikely to be toward 125
- Vermillion replied Sep 9, 2015
I'm eyeing 187.60/40 to be the main upper limit for New York session. It would depend on whether the area around 186.50 +/- 10 pips is siginificantly breached. It 187.60 is printed I'm taking profit on all my longs, including the ones on 182. From ...
Dragon Riders GBP/JPY
- Vermillion replied Sep 8, 2015
.......Is it possible to hit that during London/New York session? I mean, that's a LOT of pips.... Ah, what am I saying. This is the geppy we're talking. Of course it's possible; 400 pip+ movements is nothing. Edit: Huh...My next resistance happens ...
Dragon Riders GBP/JPY
- Vermillion replied Sep 8, 2015
You mean the September 2/3 highs? Yeah, I see that. But I'm leaning more towards 185.30/10, which is the next big resistance. For my numbers, I see 184.70 as only the halfway point between two resistances. Ray, what's the next resistance you have in ...
Dragon Riders GBP/JPY
- Vermillion commented Sep 8, 2015
Longing the gbp/jpy since 182....160 pips of profit locked in with hard SL. Just going to let it run and hit 185.30 maximum. This afternoon, I'm going to a steakhouse. Cheers to all who longed the dragon with me.
GBPUSD on a tear as market jumps on risk and M&A chatter
- Vermillion replied Sep 8, 2015
G'evening, mates. Just started buying the dip below 182 when my previous longs got SL hit. Good god...Look at that bullish hourly candle on the far right. image It's so big and beautiful. I think I just made my monthly minimum income in one ...
Dragon Riders GBP/JPY
- Vermillion commented Sep 7, 2015
*insert laughter here* I don't remember the last time i longed the kiwi. Not since last year, that's for sure. Just sell the NZD on the bounces. I personally am fond of milk, but this makes my everyday glass even tastier. Please, by all means, ...
Why milk is cheaper than water in Europe
- Vermillion commented Aug 11, 2015
Yeah. I remember when I shorted from 1.24-ish for the eur/usd. I took profit at 1.10, but not before we've had a retest of around 1.28 (nearly -400 pips in drawdown). Still profited though. Not bad for a quarterly profit. If it maintains a clear ...
People’s Bank of China (PBOC) sets yuan reference rate at 6.3306
- Vermillion commented Aug 11, 2015
Eventually, they'll fall. Fundamentals can't be denined over time. Only question is how much drawdown my account will suffer. Hopefully it'll resume falling by the time London session starts...
People’s Bank of China (PBOC) sets yuan reference rate at 6.3306
- Vermillion commented Aug 11, 2015
Mmmhmm. We're still shorting the Aussie through this week. Now, if only my intraday shorts for the eur/usd would fall through as well....Kind of sick of waiting at 1.1040 mark..
People’s Bank of China (PBOC) sets yuan reference rate at 6.3306
- Vermillion commented Aug 10, 2015
Nothing worth seeing here. The original article from businnessinsider.com posted here does touch a valid subject - the declining advantages of China's manpower (rising laborer income, declining birth rates in urban centers due to high costs, use of ...
China's massive economic advantage over the world is about to disappear
- Vermillion commented Aug 5, 2015
Based on overall fundamental data and shifting of national bank policies, flat out NO. Sell USD? Maybe for intraday. But holding for prolonged periods prior to september is unadvised.
ADP: Private Sector Employment Increased by 185,000 Jobs in July
- Vermillion commented Jul 29, 2015
Incidentally, that's one of the principle problems that prime minister Abe Shinzo has been facing in the past few years with his brand of economics (the so called "Abenomics"). The problem with increasing cash flows and providing incentives for ...
Japan's Banks Look to Buy Abroad