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Geppy's Geppy Thread (GBP/JPY)

  • #361
  • Feb 15, 2013 5:05pm Feb 15, 2013 5:05pm
Actually, it looks like GBPJPY had AUDJPY beat during the financial crisis of 2008.

GBPJPY was at about 211 just before the crisis and dropped all the way down to 130 before it began it's recovery.

No question that GBPJPY is a beast.
Trade at your own risk.
  • #362
  • Feb 15, 2013 5:11pm Feb 15, 2013 5:11pm
Quoting Geppy
Yep! ForexLive hinted at this, but didn't quite explain it with this statement:

"An unexpected Q1 slowdown in the US consumer would hurt CAD and could take the wind out of trades that benefit from less QE, like USD/JPY longs and gold shorts."

"I would put wal-mart data way ahead of the consumer sentiment survey." Adam Button

hopefully man! I'm long Yen!
  • #363
  • Feb 15, 2013 5:14pm Feb 15, 2013 5:14pm
Um guys, sure doesn't look like the US stock market wants to go down.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #364
  • Feb 15, 2013 5:16pm Feb 15, 2013 5:16pm
its Friday, weekend has a G20 going on.. Monday is a US holiday, so pretty sure few wants to take positions =)
  • #365
  • Feb 15, 2013 5:35pm Feb 15, 2013 5:35pm
Quoting Fx3423454
Actually, it looks like GBPJPY had AUDJPY beat during the financial crisis of 2008.

GBPJPY was at about 211 just before the crisis and dropped all the way down to 130 before it began it's recovery.

No question that GBPJPY is a beast.
Interesting! I didn't realize that...
  • #366
  • Feb 15, 2013 6:09pm Feb 15, 2013 6:09pm
Hail to the beast!
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Trade at your own risk.
  • #367
  • Feb 15, 2013 6:30pm Feb 15, 2013 6:30pm
For anyone trading yen crosses they should be aware of the unclosed gap which is very apparent on several/most crosses. For example chf/yen is in the 91.50 area. Similar gaps are easily are seen on other pairs.
That isn't a prediction but it is consistent with several retracement levels/patterns, etc. including monthly pivot levels.

At any rate, there is hundreds of pips to be made between now and then.
best of luck
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When the Joker is in the deck.. fear not and play it well
  • #368
  • Feb 15, 2013 7:11pm Feb 15, 2013 7:11pm
oops
this being the g/y thread the gap is around 135

might be a couple of years though
who knows


oh, I see said the blind man
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When the Joker is in the deck.. fear not and play it well
  • #369
  • Feb 16, 2013 8:38am Feb 16, 2013 8:38am
Quoting Slim Buffett
For anyone trading yen crosses they should be aware of the unclosed gap which is very apparent on several/most crosses. For example chf/yen is in the 91.50 area. Similar gaps are easily are seen on other pairs.
That isn't a prediction but it is consistent with several retracement levels/patterns, etc. including monthly pivot levels.

At any rate, there is hundreds of pips to be made between now and then.
best of luck


Gaps are a myth... currencies technically trade 24/7 and if you have a broker that doesn't close early you will not see any gaps, mine opens early and closes late, no gaps on any of my charts.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #370
  • Feb 16, 2013 9:48am Feb 16, 2013 9:48am
nice trades Geppy, l also like swing trading.its stress free,you don't have to get slaughtered on shorter time frames.
Watch me trade Live on YouTube
  • #371
  • Feb 16, 2013 10:55am Feb 16, 2013 10:55am
Quoting BobGnarly
Gaps are a myth... currencies technically trade 24/7 and if you have a broker that doesn't close early you will not see any gaps, mine opens early and closes late, no gaps on any of my charts.
indeed!
check out my blog: forexmademillionaire dot com
  • #372
  • Feb 16, 2013 10:56am Feb 16, 2013 10:56am
Quoting sunnym
nice trades Geppy, l also like swing trading.its stress free,you don't have to get slaughtered on shorter time frames.
Thanks bro! I'm liking the crowd we've attracted here so far. It seems everyone has a similar trading style.

Fun times ahead.
check out my blog: forexmademillionaire dot com
  • #373
  • Feb 16, 2013 11:14am Feb 16, 2013 11:14am
Quoting Geppy
Thanks bro! I'm liking the crowd we've attracted here so far. It seems everyone has a similar trading style.

Fun times ahead.
http://www.forexfactory.com/showthre...91#post6442891

Looks as though we're attracting some interesting attention...
  • #374
  • Feb 16, 2013 12:51pm Feb 16, 2013 12:51pm
Hi Geppy

It is very nice to see You started tread

My point of view:

Daily 148.50 strong resistance 23.8% retracement from 251 high 2007

4H price bounce on 23.8% retrecement from 125.66 to 147.95 and come back in to channel

So I will observe this uptrendline for possible bounce towards 148 at first

Also possible is further correction to 139.43 32.8% retracement

Please comment
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  • #375
  • Feb 16, 2013 1:48pm Feb 16, 2013 1:48pm
Quoting tourderob
http://www.forexfactory.com/showthre...91#post6442891

Looks as though we're attracting some interesting attention...
haha, that dude is all butt-hurt because he's on my ignore list and people on my iggy list can't post in here

He came in posting a bunch of crap, so I gave him the boot lol
check out my blog: forexmademillionaire dot com
  • #376
  • Feb 16, 2013 1:49pm Feb 16, 2013 1:49pm
Quoting Geppy
indeed!
Hey Geppy.

Are we targetting longs or shorts for the upcoming week. I'm tempted to say longs as GU has been the weakest link lately and any upward momentum should take GJ up (assuming UJ flatlines/appreciates)
  • #377
  • Feb 16, 2013 1:50pm Feb 16, 2013 1:50pm
Quoting Geppy
haha, that dude is all butt-hurt because he's on my ignore list and people on my iggy list can't post in here

He came in posting a bunch of crap, so I gave him the boot lol
Seems to be in-line with what everyone on this thread is saying (especially regarding the weekly fib resistance).

However, we're all a bit divided as to whether the correction is done and the up-trend is ready to continue, or if we'll see a further correction. For now, I'm in the "more correction" camp, but I change my views on a daily basis
check out my blog: forexmademillionaire dot com
  • #378
  • Feb 16, 2013 1:51pm Feb 16, 2013 1:51pm
Quoting forextine
Hey Geppy.

Are we targetting longs or shorts for the upcoming week. I'm tempted to say longs as GU has been the weakest link lately and any upward momentum should take GJ up (assuming UJ flatlines/appreciates)
Look back on the last couple pages and you'll see my bias (and others). Short answer: thread is divided between long and short right now.
check out my blog: forexmademillionaire dot com
  • #379
  • Feb 16, 2013 1:58pm Feb 16, 2013 1:58pm
Quoting Geppy
Look back on the last couple pages and you'll see my bias (and others). Short answer: thread is divided between long and short right now.
Yeah I see that now.

Tough call, I think I'll wait it out to see how it acts sunday/monday.

My plan is to watch 144 for a reversal candle on the 1hr, or 146 with 1hr reversal candle to go short.
  • #380
  • Feb 16, 2013 6:21pm Feb 16, 2013 6:21pm
This is what I am looking at..... long.

...don't worry about why my fibs are placed that way...

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