Geppy's Geppy Thread (GBP/JPY)

Thanks, man. Being at work I dont have much time to watch the charts, but yea as long as its green its all good


You still short??

Nice hit Bob, you're killing it with EJ.

Thanks, bro.. Yea EJ is being very nice to me at the moment

Yes, still short GJ... only a little bit though

Yea you barely sold any

Nice!

I have a low for last week in at 141.329 and PA is on the assault to break that right now.

It'd be nice to see it taken and clear the way to my TP at 140.10 that I spoke about last week. All time frames are looking pretty bearish now and I wouldn't be surprised to see it break down further today.

Oh well, time to head into the office.

I like trading EJ too.

In the last month, my account.

EJ 16.5%
GJ 0.7%

I have absolutely no explanation for that.

Just gave her a small one @ 73... couldn't resist

are u still in dis trade?

Look back about four posts, you'll see a big, fat chart with numerous executed sell orders. That should answer your question.

Nice Geppy ... I'm still seeing it too

Closed my shorts, calling it a day, peace.

Thanks, bro. Definitely nice to see a break down. We're seeing a little, healthy retracement now but I prefer that. It keeps the trend nice and predictable.

Sadly, the majority of people haven't realized that the easy-money northbound train is done (for now) and we need to trade at lower prices before it gets going again. By the time they accept this, it'll probably be time to buy and they'll start shorting into strength.

It seems like it always goes this way with the majority... I haven't heard much from all those dudes that were holding on to longs and "refused to sell for a lose".

margin call anyone?

nah, probably not... most likely they got out at break-even +1... isn't that always the case?

Ehh jumped on the GJ downward spiral

Small sell at 49

SL at 68

TP 140.47

I dig it

SL may be a be tight and TP not wide enough, but hey... that's just me being picky.

Glad to have you onboard

Meant to type 68 for the SL, lol which is still a little tighter than I like with this beast lol..

My F#$% it all account reallly got slammed while I was at work and that drop occured lol, this is why I don't trade on my cell phone. I enjoy the challenge of bringing an account back tho

Is this drop all about the Italian elections?

This is insane.
Live and learn.

I actually had the data but I was too lazy to read it. lol

EUR: Italian Election Scenarios

The euro ended the week near its lows and whether it recovers or extends its losses from here will hinge on the outcome of this weekend’s Italian elections. Italian politics are a complete mess and with only two more days to go before the polls open, the lack of a clear frontrunner is extremely disconcerting. Bersani’s center-left party is still leading in the polls but by a small a margin. A clear majority win by the center-left party would be the best-case scenario and the most positive for the euro. A Berlusconi win on the other hand would be the worst-case scenario and could send Italian stocks and the euro sharply lower. Italy’s vote for Prime Minister will reflect the country’s vote for austerity. A Bersani win will be interpreted positively for Italian fiscal finances whereas a Berlusconi win will mean a return to the dangerous free spending days of a man nicknamed “Il Cavaliere” for his lavish lifestyle. Most likely if Bersani wins he would need to form a coalition with Mario Monti’s new centrists. The outcome of the Italian elections will drive euro flows at the beginning of the week but traders will quickly shift back to economic fundamentals on Wednesday / Thursday when we have Eurozone confidence, German unemployment and retail sales numbers. This morning’s better than expected German IFO report lent support to the euro but the nagging disconnect between the relatively upbeat sentiment readings and the dour economic data continues to hamper the currency. Meanwhile, the euro fell after the European Commission slashed its 2013 Eurozone GDP forecast to -0.3% from +0.1% but what really made the euro drop to session lows was news that LTRO II repayments fell short of expectations. Banks are set to repay only EUR 61.1B next week versus a forecast of EUR100 billion and the miss in LTRO repayment suggests that banks have less excess liquidity or free capital.

Looking for a close below the 50ma and 141.483

That should lead the way to 140.43 area

I lied, reload half a short at 141.5.

If 140.43 area provides strong support , longs might look pretty good

If not then 139.724 must hold or we may have a trend reversal