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Geppy's Geppy Thread (GBP/JPY)

  • #121
  • Feb 4, 2013 9:32am Feb 4, 2013 9:32am
I would have expected (or maybe just wanted) this baby to make a deeper correction, but it's starting to look/feel like consolidation for another move up, especially after last night's fresh highs above 146.50

I'm trying a small long here at 145.80 with a stop at 145.35
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  • #122
  • Feb 4, 2013 9:57am Feb 4, 2013 9:57am
Quoting Geppy
I would have expected (or maybe just wanted) this baby to make a deeper correction, but it's starting to look/feel like consolidation for another move up, especially after last night's fresh highs above 146.50

I'm trying a small long here at 145.80 with a stop at 145.35

I reloaded on GJ and Uj I see this as consolidation for more upward momentum
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  • #123
  • Feb 4, 2013 10:44am Feb 4, 2013 10:44am
Hi new to forex

Last couple of weeks its been retracing beginning of the week and then going bull on Thursday. So you don't think a retrace will happen soon? you are more bullish at the beginning of week?
  • #124
  • Feb 4, 2013 10:58am Feb 4, 2013 10:58am
Quoting BobGnarly
I reloaded on GJ and Uj I see this as consolidation for more upward momentum
Good stuff, man. Like I said, a deeper correction would have been nice...

Next stop 150s? We'll see :-)
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  • #125
  • Feb 4, 2013 10:58am Feb 4, 2013 10:58am
Quoting LiquidMonste
Hi new to forex

Last couple of weeks its been retracing beginning of the week and then going bull on Thursday. So you don't think a retrace will happen soon? you are more bullish at the beginning of week?
The FX markets couldn't care less what day of the week it is.
check out my blog: forexmademillionaire dot com
  • #126
  • Feb 4, 2013 2:14pm Feb 4, 2013 2:14pm
Quoting Geppy
I would have expected (or maybe just wanted) this baby to make a deeper correction, but it's starting to look/feel like consolidation for another move up, especially after last night's fresh highs above 146.50

I'm trying a small long here at 145.80 with a stop at 145.35
That'll teach me to trade against the trend! I was expecting a more vigorous correction and got stopped out on the upward move last night. Always learning from this beast.
Illegitimi Non Carborundum
  • #127
  • Feb 4, 2013 2:57pm Feb 4, 2013 2:57pm
Quoting Geppy
I would have expected (or maybe just wanted) this baby to make a deeper correction, but it's starting to look/feel like consolidation for another move up, especially after last night's fresh highs above 146.50

I'm trying a small long here at 145.80 with a stop at 145.35
looking at the daily candle mate?
  • #128
  • Feb 4, 2013 3:13pm Feb 4, 2013 3:13pm
Quoting BobGnarly
I reloaded on GJ and Uj I see this as consolidation for more upward momentum

Got stopped at BE earlier on.... will wait to see what asia has in store and ride that wave, be it up or down..
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  • #129
  • Feb 4, 2013 3:29pm Feb 4, 2013 3:29pm
Quoting pkimnyc
looking at the daily candle mate?
Orderliness of Randomness
  • #130
  • Feb 4, 2013 3:42pm Feb 4, 2013 3:42pm
Quoting pkimnyc
looking at the daily candle mate?
Haha, pretty ugly one for longs.
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  • #131
  • Feb 4, 2013 4:01pm Feb 4, 2013 4:01pm
Quoting Geppy
Haha, pretty ugly one for longs.

Bs panic profit taking.. We will be at highs by wed... Big boys had to refill the tank
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  • #132
  • Feb 4, 2013 4:11pm Feb 4, 2013 4:11pm
Quoting BobGnarly
Bs panic profit taking.. We will be at highs by wed... Big boys had to refill the tank
Cut mine for a small lose before the roll. I'm gonna wait to see if it confirms that it's trying to bottom out or not. We do have some support in this zone, but it looks like it could go either way.
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  • #133
  • Feb 4, 2013 4:56pm Feb 4, 2013 4:56pm
Taking a shot long at the local low here with stop close by, but I think this thing might finally be ready to put in some kind of correction this week.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 2-4 .png Size: 41 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #134
  • Feb 4, 2013 5:08pm Feb 4, 2013 5:08pm
Well that was a quick 30 pips, wish they all worked like that.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #135
  • Feb 4, 2013 5:13pm Feb 4, 2013 5:13pm
Quoting Geppy
Cut mine for a small lose before the roll. I'm gonna wait to see if it confirms that it's trying to bottom out or not. We do have some support in this zone, but it looks like it could go either way.

It def can go either way, staying away for now... took a small eu short
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  • #136
  • Feb 5, 2013 8:44am Feb 5, 2013 8:44am
Quoting whatever007
Well that was a quick 30 pips, wish they all worked like that.
Hmmm, looks like that could have been a quick 230 pips instead, man what a BEAST!
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #137
  • Feb 5, 2013 8:49am Feb 5, 2013 8:49am
Friggin excellent thread Geppy....I just found it by accident...great reading from all the traders...and nice of you OP to keep up....I'll be sticky on this thread...what are you guys thinking for a LT target?
Attached Image
  • #138
  • Feb 5, 2013 8:59am Feb 5, 2013 8:59am
Long term I was thinking 170. Will post a chart later. Granted I figured there would be a decent pullback along the way but that doesn't seem to be happening.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #139
  • Feb 5, 2013 9:01am Feb 5, 2013 9:01am
Quoting BobGnarly
Bs panic profit taking.. We will be at highs by wed... Big boys had to refill the tank

As I said yesterday...
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  • #140
  • Feb 5, 2013 9:46am Feb 5, 2013 9:46am
Quoting whatever007
Long term I was thinking 170. Will post a chart later. Granted I figured there would be a decent pullback along the way but that doesn't seem to be happening.
Glad you like it, and happy to have you. I haven't been able to get a solid position on all week... mostly because I've been busy with work and sleeping when the big moves have been happening. However, it looks like we are wanting to go higher so I'll be looking/hoping for a good entry opportunity.
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