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Vermillion commented Jun 30, 2015FINALLY. It's about fucking time. Now let's move onto the more important Greek referendum in July. Edit: Anyone trading the euro yen? I've been having fun going long on the weekend gap and shorting it from above. I usually don't trade it (i'm more ...
Greece's international bailout formally expires, country loses access to existing financing
- Vermillion commented Jun 30, 2015
Thanks. Much obliged. Couldn't check anything while I was away traveling, so catching up on news and dates were hectic.
Euro falls ahead of Greek IMF repayment deadline
- Vermillion commented Jun 30, 2015
Actually, I heard it was just midnight in Athens, Greece. So shouldn't it be 11 minutes then? I think the US (est) time shifts, so that might explain it. Could be wrong though. Can someone else confirm this? The deadline I heard was midnight in ...
Euro falls ahead of Greek IMF repayment deadline
- Vermillion commented Jun 26, 2015
I wagered a medium sized short selling position with the assumption that Greece will give out some news/announcement that it has NOT come to any significant progress towards an agreement, and Greece did not disappoint. 30 pips in profit locked in ...
Greece rejects 5 month extension, talks not going well
- Vermillion commented May 7, 2015
Fuck. Just got my longs' SL hit right before the jump.
Sky Exit Poll: Tories 316 seats Labour 239
- Vermillion replied May 7, 2015
If eur/usd breaks out of its S/R zone of 1.1380/70 and gbp/usd breaks out of 1.5240, I expect another leg up for the gbp/jpy. Probably by one fibonacci resistance before testing the new support turned resistance. Gbp/usd will probably be restricted ...
Dragon Riders GBP/JPY
- Vermillion commented May 7, 2015
Well, we've got time until results come, so I guess those who didn't prepare for the UK general elections by now could still prepare themselves to get a piece of the action. I'm personally rooting for the LAB, but that's mainly since they'll be more ...
UK election aftermath: five key market indicators to watch
- Vermillion replied May 6, 2015
You don't need deep pockets to hold for a week or so. I started forex with just a couple hundred dollars and built it up to a sustainable part time income. And some pairs offer positive swap, so it's worth holding them. Unless of course, you're ...
The Really Useless Thread
- Vermillion replied May 6, 2015
I know you didn't.
Honestly, I'm not holding bets for specific mid-term prediction for the eur/usd until certain events go away (elections, Greek issue, etc.), which is why I'm sticking to short term expectations. Otherwise, I'd have nothing to ...The Really Useless Thread
- Vermillion replied May 6, 2015
Personally though, I doubt it for this market session. 1.13670/1.13650 is the 161.80 extension from the initial FOMC spike, and is a fib. point in other movements as well. London's going to close up shop, and I'm leaning towards a couple dozen pip ...
The Really Useless Thread
- Vermillion replied May 6, 2015
Yeah, I know. It's also news from MARKIT, which I consider to be leaked a majority of the time. In fact, just last year, we've had insane degrees of outrageous markit data about Germany (completely against fundamentals and later proven false as ...
Cable Update (GBPUSD)
- Vermillion replied May 6, 2015
GBP/usd potentially oversold (near 80 pip drop in half an hour with no major news). Unless the services PMI data was leaked and is bad, I suspect we're going back up. Or maybe I missed some breaking news. Of course, it could just be that the market ...
Cable Update (GBPUSD)
- Vermillion replied May 5, 2015
Price is still stuck in a glut......not trading the cable right now. God, this week's is starting off slowly. Then again, any week with the US Non farm payroll data tends to have unconventional movements. Friday will probably determine this week's ...
Cable Update (GBPUSD)
- Vermillion replied May 5, 2015
I re-edited my comment and wrote an explanation. Hopefully, it'll help. If not, I guess you could try google.
Cable Update (GBPUSD)
- Vermillion replied May 5, 2015
Ongoing intraday sentiment can be stronger than news. I'd like to explain it more, but this is the kind of basics you'd find online just by googling "forex news trading". They'll probably do a more concise job explaining it. Eh, what the heck-I'll ...
Cable Update (GBPUSD)
- Vermillion commented May 4, 2015
Not even going to bother trading right now. Ranges are too tight, UK bank is on holiday, and this news break makes euro, sterling, USD all too uncertain. I'm waiting until Tokyo session at least.
FT: IMF threatens to cut off support to Greece
- Vermillion commented Apr 28, 2015
I thought my sentences were pretty clear. How did I contradict myself? There is little to no fundamentals (i.e. world events and macroeconomics data) to support the notion that the eur/usd will not reach parity. Given the clusterfuck mess the ...
The Conference Board Consumer Confidence Index Retreats in April
- Vermillion commented Apr 28, 2015
I'd refrain from making statements like that. For clarification: every single data within the past few weeks is inconsequential compared to the FOMC update tomorrow. It's the FOMC data that could potentially slam all major pairs against the USD down ...
The Conference Board Consumer Confidence Index Retreats in April
- Vermillion commented Apr 28, 2015
The sterling better hope US data today isn't positive, since if it is, I wouldn't be surprised if the cable dips 2 fibonacci supports and stays in a chop zone with upside completely shut and limited until FOMC data comes out. Speaking of which, ...
UK Gross Domestic Product Preliminary Estimate, Q1
- Vermillion commented Apr 28, 2015
Opinions by ECONOMISTS, not board members of the Fed themselves. Nothing to watch here, gentlemen. Unless we hear something from the Fed, I consider this to be worthless even as a news stimulus for the currency pairs.
Fed Seen Delaying Liftoff to September to Push Down Unemployment