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Geppy's Geppy Thread (GBP/JPY)

  • #601
  • Feb 21, 2013 5:26pm Feb 21, 2013 5:26pm
Quoting Geppy
Nap time for me... been trying to kick a cold all week.

later kids!

Just got over one, seems like it lasted forever haha and thanks for the V bro
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  • #602
  • Feb 21, 2013 5:48pm Feb 21, 2013 5:48pm
Sold the rest at .06

Looking to see how we react at 142.44, uptrend in my opinion would be back on with a daily close above that..
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  • #603
  • Feb 21, 2013 5:58pm Feb 21, 2013 5:58pm
Quoting Geppy
You should read up on stochastics. They are not currently in "oversold" territory. Trust me, they can go a lot further than where they currently are on the 4h chart (they always can).

Also, recognize that stochastics is an oscillator. This means that it holds no water in a trending market. I hate to tell you this, but the 4H chart is in a trend: a down-trend since we peaked just below 148.00

We've been making lower lows and lower highs (just looksie at a chart).

Stochastics are no good in trending conditions. See here for further reading:...
Hmm...

I think it's hammer time.

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  • #604
  • Feb 21, 2013 6:17pm Feb 21, 2013 6:17pm
I touched it...

closed for +33pips

Olu
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If you think you can or cannot do it you are correct
  • #605
  • Feb 21, 2013 6:19pm Feb 21, 2013 6:19pm
Quoting Olu
I touched it...
She doesn't bite, unless you want her to

Got out too early, still in my EJ tho so no worries
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  • #606
  • Feb 21, 2013 6:20pm Feb 21, 2013 6:20pm
We're getting that bullish movement I've been waiting for.

I am going to ride this one out until stochastic is at overbought levels on the H4 and then possibly short the beast.
Trade at your own risk.
  • #607
  • Feb 21, 2013 6:58pm Feb 21, 2013 6:58pm
Quoting BobGnarly
picked up some at 82, Stop at BE
Yeah, I think we could see 142.90 or thereabouts short-term. But that area will be the place to watch in my opinion. I don't see the daily uptrend continuing yet.
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  • #608
  • Feb 21, 2013 7:04pm Feb 21, 2013 7:04pm
Here's a 1h view... a test of 142.9/143.00 area would be nice.

That spot was pretty good support and took us a bit to break down through. Classic support tested as resistance could be in order and we'll want to watch for how she reacts there.
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  • #609
  • Feb 21, 2013 7:07pm Feb 21, 2013 7:07pm
Quoting Fx3423454
We're getting that bullish movement I've been waiting for.

I am going to ride this one out until stochastic is at overbought levels on the H4 and then possibly short the beast.
Not sure what setting you use but that could take weeks to get back to overbought.
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  • #610
  • Feb 21, 2013 7:22pm Feb 21, 2013 7:22pm
Another small long from 04, tight SL
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  • #611
  • Feb 21, 2013 7:23pm Feb 21, 2013 7:23pm
Quoting BobGnarly
Another small long from 04, tight SL
I'm with ya, targeting 142.60
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  • #612
  • Feb 21, 2013 10:06pm Feb 21, 2013 10:06pm
Quoting Geppy
I'm with ya, targeting 142.60
Target hit.
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  • #613
  • Feb 21, 2013 10:08pm Feb 21, 2013 10:08pm
Oh sweet pips !!!
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  • #614
  • Feb 21, 2013 10:08pm Feb 21, 2013 10:08pm
I'm looking to scale very slowly and cautiously into shorts. I just put my first one on (about a sixth of my total position) at 142.90
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  • #615
  • Feb 21, 2013 10:13pm Feb 21, 2013 10:13pm
Ahh man! We have huge reversal sign at h4 , goid luck tho!


Meant daily, beautiful inside bar atm
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  • #616
  • Feb 21, 2013 10:15pm Feb 21, 2013 10:15pm
Quoting BobGnarly
Ahh man! We have huge reversal sign at h4 , goid luck tho!
Retracement perhaps... not reversal.

But that's why I said slowly and cautiously. I'm willing to sell all the way up to 144.00
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  • #617
  • Feb 21, 2013 10:25pm Feb 21, 2013 10:25pm
I cut half at 85 and stop to BE, time for bed. Good luck Gep
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  • #618
  • Feb 21, 2013 10:26pm Feb 21, 2013 10:26pm
Quoting BobGnarly
I cut half at 85 and stop to BE, time for bed. Good luck Gep
Thank ya... catch you tomorrow.
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  • #619
  • Feb 21, 2013 10:49pm Feb 21, 2013 10:49pm
It's so quiet in here tonight... what gives?
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  • #620
  • Feb 22, 2013 6:19am Feb 22, 2013 6:19am
Nice call retrace to 143, hit it on the spot.
Soar on my wings, you'll touch the hand of God, he'll make you King.
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