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Breeze....Update on GBP/JPY

  • #2,621
  • Apr 21, 2008 3:25am Apr 21, 2008 3:25am
Quoting fc3s
hopefully, my margin cant withstand much more of a drop

Then you're over extending yourself.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,622
  • Apr 21, 2008 3:28am Apr 21, 2008 3:28am
Quoting TraderJoe
Well B called it.

Stop hunters are out in full swing.

If you can hang in there, the trend will continue. But it looks like the worst of it can lead us down to the 205 - 203 area. eeeeeekkkkkk!

But then again, that's why geppy is geppy right?
oh yeah,
That's the reason I love geppy... kinda like my wife I take the good with the bad.
  • #2,623
  • Apr 21, 2008 3:29am Apr 21, 2008 3:29am
Quoting TraderJoe
Then you're over extending yourself.
yea, i didnt expect it to drop this much. before i had the margin for it but now..... *sigh...*
  • #2,624
  • Apr 21, 2008 3:29am Apr 21, 2008 3:29am
Quoting Evilgoat
oh yeah,
That's the reason I love geppy... kinda like my wife I take the good with the bad.

hahahaha... is your wife named Dorena too
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,625
  • Apr 21, 2008 3:30am Apr 21, 2008 3:30am
Quoting fc3s
yea, i didnt expect it to drop this much. before i had the margin for it but now..... *sigh...*

Hang on!
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,626
  • Apr 21, 2008 3:32am Apr 21, 2008 3:32am
I think Breeze got it right. 205 is going to be about maximum downside. At least that's the way is is shaping up.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,627
  • Apr 21, 2008 3:35am Apr 21, 2008 3:35am
Quoting TraderJoe
hahahaha... is your wife named Dorena too
no but it would be funny as hell if it was.
  • #2,628
  • Apr 21, 2008 3:40am Apr 21, 2008 3:40am
Hey Joe,

50 fib is at 203.50... usually it retraces to 61.8 (which is a little lower)

Jimi Hendrix

Quoting TraderJoe
I think Breeze got it right. 205 is going to be about maximum downside. At least that's the way is is shaping up.
  • #2,629
  • Apr 21, 2008 3:42am Apr 21, 2008 3:42am
Quoting TraderJoe
I think Breeze got it right. 205 is going to be about maximum downside. At least that's the way is is shaping up.
hope so I have a stop loss at 204.50 for a long from last week it would end in profit but i was hoping to get some interest off of it
  • #2,630
  • Apr 21, 2008 3:48am Apr 21, 2008 3:48am
I think we've seen the end of it. (famous last words)

Quoting Evilgoat
hope so I have a stop loss at 204.50 for a long from last week it would end in profit but i was hoping to get some interest off of it
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,631
  • Apr 21, 2008 3:52am Apr 21, 2008 3:52am
than lets all think happy thoughts and make geppy lighter than air.
  • #2,632
  • Apr 21, 2008 3:54am Apr 21, 2008 3:54am
just had a margin call... =\
  • #2,633
  • Apr 21, 2008 3:55am Apr 21, 2008 3:55am
Quoting fc3s
just had a margin call... =\
ouch man
  • #2,634
  • Apr 21, 2008 4:21am Apr 21, 2008 4:21am
time to go play with the dog to shake some of that stress from the drop lol
nothing like a gameof fetch and a little tug of war to get your mind back in the game.
  • #2,635
  • Apr 21, 2008 4:28am Apr 21, 2008 4:28am
so when is a good time to go long again? as of now it seems to be ranging around 205.7 to 206.00
  • #2,636
  • Apr 21, 2008 4:31am Apr 21, 2008 4:31am
Quoting fc3s
so when is a good time to go long again? as of now it seems to be ranging around 205.7 to 206.00

I still see a lot of rooms for downtrend for now till US open.
  • #2,637
  • Apr 21, 2008 4:33am Apr 21, 2008 4:33am
Quoting fc3s
just had a margin call... =\
Yeah that hurts. I take it you trade live. The Geppy can be super nice to you at times, and the biggest pain in the rear at others.

As I see it we have an old resistance that may turn support at around 205.10, plus a 61.8 retrace at around 204.90, a bullish trendline also comes close, so I will be a buyer around 205 hoping for some nice profits in days to come.

Best of luck all
  • #2,638
  • Apr 21, 2008 4:58am Apr 21, 2008 4:58am
Quoting fc3s
i hope so. im at $-4500 right now. i have 4 longs at

208.46
207.44
207.99
206.13

im hoping onto these positions for dear life in hopes for it to go back up!
Its very rare that GJ goes up like three days in a row..but it does go down many times in the same direction..it needs some breathing space to go up..if you short now also...you can make 100 pips quick fire ..it could go below 205 and bounce up fast.. don;t give even single cent...CONTROL YOUR STOP LOSSS LIKE YOUR OWN HEART BEAT ..you will come backk...good luck...remember stop loss and money management
  • #2,639
  • Apr 21, 2008 5:07am Apr 21, 2008 5:07am
Good Morning!

I was watching this thread...I went short at 207.54.

Why? The MACD was on downtrend even though the GBP/JPY was inching up.

The bottom of this is at 205.10 which is off the 62 EMA. If it stays above that, it should bounce back up....if it closes below that on the 60 minute...GBP/JPY will go down to 204.25
  • #2,640
  • Apr 21, 2008 5:27am Apr 21, 2008 5:27am
i have taken short from 207.47 but this room has bought at 208++. wow, and yes, everbody has his own goal for profit, good luck guys
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