Disliked{quote} It could actually result in increased volatility since the markets are so thin any jabbering from Central Banks, etc. could see more dramatic moves. But hey, nothing we aren't used to.Ignored
Fix up, trade sharp ...
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
Geppy - Pick the bottom 18 replies
Lets Talk GBP/JPY "the geppy" 156 replies
geppy is "ugly" when ? 14 replies
Geppy outlook 0 replies
Disliked{quote} It could actually result in increased volatility since the markets are so thin any jabbering from Central Banks, etc. could see more dramatic moves. But hey, nothing we aren't used to.Ignored
DislikedI watch people on gj forums who enter with stops of 20 or 30 pips and just shake my head. Shit, with the best analysis I can muster I've never been inside 25. Unless you're running a 100 pip sl you're always going to lose. And wonder why.Ignored
Disliked{quote} The bottom was already in. 220 EMA on the daily chart. When Draghi announces the scale of the bond buying program on Thursday it will be wildly speculated Europe will rise from deflation and The FTSE, CAC, DAX will rally. America will also rally. Risk on sentiment will resurface. GBP/JPY is the ultimate risk-on pair. 179 will be the next resistance it will take out. When trading GBP/JPY one must surmise the global market as a whole and contemplate how the pair will be affected by macro economic drivers.Ignored
Disliked{quote} For the geppy, a SL of a few hundred pips is good if you want medium-short term trading. For intraday traders & scalpers, however, you can still consistently profit with a SL of 40~60 pips. But I agree that a 20-30 pip SL is a bit too thin unless you've bought at the best possible price (in your opinion) Around 50 pips tends to work out fine for me for trades that get completed within 3 hours~2 days, unless I made my trade right on the edge of a major support/resistance (then I can drop my SL a bit) And on that note, I have a short at 178.70....Ignored
Disliked{quote} UJ and GJ will probably go up next week, buy the rumor sell the fact. I would expect an up week going into BOJ then either a very big breakout upwards or huge drop as BOJ dissapoints. Either way It's going to go up to shake out shorters that have been accumulating the past week or two and also those who were short will be scaling out of positions especially going into this next week to help limit risk. No free rides from the big boys, they'll push the price up so no one will know what to think (continuation of upward trend?,bottom in place?,...Ignored
Disliked{quote} And on that note, I have a short at 178.70. SL is only 30 pips (or break even, depending on chart movement). I just REALLY don't like 179. Question: Has anyone noticed that 179 never seems to really hold as either a support/resistance? Instead, it seems to act as a catapult to whatever trend is running the market. Other points such as 177 & 178 get respected at least.Ignored
Disliked{quote} Well pretty predictable price jump (didn't expect this much up though prior to the news). But price should drop back below the 100 day MA on the daily and probably sit around that area until news. Seems heavy short covering and buying going into the news as expected. This sudden pump up of course leads you to not know wtf to expect. UP or DOWN could go either way Daily shows bounce off 200 MA and a break above the 50% fib retrace. Depending on this daily close could make the case to go long, however below 182 could still make the case for...Ignored