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Geppy's Geppy Thread (GBP/JPY)

Quoting Geppy
Yeah, I thought about doing the same... just haven't yet
Yeah, 138 is kind of a half ass support so I don't expect too much bounce. But many times when I think that it turns so I figured...what the hell...lol
S/R + PA = Simple, Clean, Deadly
I am totally at loss today with all pairs, especially GJ.
+/- 0 so far and without my one 60 pip long with GJ that saved the day I would be sulking.
I closed all but 20% of my position. I'll be looking to reload on a retrace higher... Last night's highs in the 138.67 area would be succulent.
Quoting albchr
Yeah, 138 is kind of a half ass support so I don't expect too much bounce. But many times when I think that it turns so I figured...what the hell...lol
Yeah, it's not so much 138 that's providing the support as it is yesterday's lows. A lot of traders are probably thinking, "is this a going to double bottom here, or is this drop for realzzzz?" Regardless, we may need a little more juice before breaking down.
Quoting Geppy
I closed all but 20% of my position. I'll be looking to reload on a retrace higher... Last night's highs in the 138.67 area would be succulent.

Quoting Geppy
Yeah, it's not so much 138 that's providing the support as it is yesterday's lows. A lot of traders are probably thinking, "is this a going to double bottom here, or is this drop for realzzzz?" Regardless, we may need a little more juice before breaking down.


lunch time
S/R + PA = Simple, Clean, Deadly
I think a touch up to 139/139.15 or so would be ideal. I'm on the sidelines now... I ended up talking myself into closing the last bit of my position on the bus at about 138.25

It's been another awesome day, I'm sidelined for now.
  • netera
    Joined Sep 2012
Geppy i am still holding my shorts , should i close or it will continue down to 137.10 ?
Quoting BobGnarly
My bullish outlook that I had the last month is still very much in place, Decided to buy all the dips I can as long as the 137-38 handle holds.. Doing the same with UJ, so I wont be stopping in as much since these are mostly taken on the weekly and monthly charts.. Yen is getting too weak and these dips are awesome buying opportunities in my opinion. I will still be checking in with you guys, trade safe

Added some GJ longs at 138.25

UJ pretty big position avg price at 91.22
Quoting Geppy
I think a touch up to 139/139.15 or so would be ideal. I'm on the sidelines now... I ended up talking myself into closing the last bit of my position on the bus at about 138.25

It's been another awesome day, I'm sidelined for now.
I should have as well given this bounce. But now I'll just let the last one ride and see if it survives.

I agree... Awesome day!
S/R + PA = Simple, Clean, Deadly
Quoting netera
Geppy i am still holding my shorts , should i close or it will continue down to 137.10 ?
Unfortunately, I do not have a crystal ball.
Quoting albchr
I should have as well given this bounce. But now I'll just let the last one ride and see if it survives.

I agree... Awesome day!
I think it's time to start looking at shorts here in the low 139s...
Quoting Geppy
I think it's time to start looking at shorts here in the low 139s...
Dam you're reading my mind bro. And nice call at the 139.15ish pullback.

139.08 so far....
S/R + PA = Simple, Clean, Deadly
Quoting albchr
Dam you're reading my mind bro. And nice call at the 139.15ish pullback.

139.08 so far....
It wouldn't surprise me to see us get into the 20s/30s... I've got my first orders in at .15 so we'll see. There was PLENTY of time to get in last night, and I don't think today will be much different.
Short term 1H channel - mid line at 139.20
Attached Image (click to enlarge)
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S/R + PA = Simple, Clean, Deadly
Quoting Geppy
It wouldn't surprise me to see us get into the 20s/30s... I've got my first orders in at .15 so we'll see. There was PLENTY of time to get in last night, and I don't think today will be much different.
Agreed

Gotta run. Good luck all. Keep a tight hold on that dragon...lol
S/R + PA = Simple, Clean, Deadly
  • netera
    Joined Sep 2012
Quoting Geppy
Unfortunately, I do not have a crystal ball.
I know you don't have , also i know none has

i am just asking you about how you see the chart
Quoting netera
I know you don't have , also i know none has

i am just asking you about how you see the chart
<public_service_announcement>

This is when I start getting annoyed, so everyone should thank you for sacrificing yourself.

You were not asking me "how I see the chart". You were specifically asking me to tell you what to do with your current position.

While I enjoy helping people understand the markets and how to trade, I have absolutely no interest in doing it for you and no respect for those that ask for this. I think it's pathetic. If you really wanted to know how I was seeing the charts, you would have gotten all of that information and more simply by reading my last few posts. I'm sure you did that, but that's not really what you wanted. You want someone to tell you what to do. Sorry, that won't be me.

But let's pretend for a moment I was interested in telling you what to do so you could lazily benefit. I have no clue as to your entry level, position size, risk tolerance, goals, etc. How the hell would I be able to tell you what to do without being able to have this information?

The lesson here isn't, "OK, cool Gep... I'll just tell you all that stuff next time so you can make an informed decision and tell me what to do!" Wrong takeaway.

Start thinking for yourself. There are a number of talented traders here and they are providing their charts, analysis, positions, and trade plans for your benefit... FOR FREE.

If you can't take that, learn from it, and leverage that knowledge to become a self sufficient trader... well, then you're hopeless.

If this thread becomes a bunch of bitches asking for handouts, I will add them to my ignore list, banning them from the thread in hopes of keeping it clean. If it can't be contained that way, I'll simply abandon the thread. That's not the vibe I want to create here. It exists in far too many other threads on this site, and if that's what you're looking for, look elsewhere.

</public_service_announcement>
In other news... filled on the .15s
Quoting Geppy
<public_service_announcement>

This is when I start getting annoyed, so everyone should thank you for sacrificing yourself.

You were not asking me "how I see the chart". You were specifically asking me to tell you what to do with your current position.

While I enjoy helping people understand the markets and how to trade, I have absolutely no interest in doing it for you and no respect for those that ask for this. I think it's pathetic. If you really wanted to know how I was seeing the charts, you would have gotten all of that information and...


Yes, I'm really doing this right now.

Here is a 15 minute chart I'm looking at on my iPhone. The green line is the 50ema... notice how it's provided pretty solid resistance on the way down. That's why I've been selling at 139.15

Let's see how this baby plays out.
Attached Image (click to enlarge)
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