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Geppy's Geppy Thread (GBP/JPY)

  • #641
  • Feb 22, 2013 4:25pm Feb 22, 2013 4:25pm
Gep is your target the same? Or now with the downgrade credit rating is it further down?
  • #642
  • Feb 22, 2013 4:35pm Feb 22, 2013 4:35pm
Quoting LiquidMonste
Gep is your target the same? Or now with the downgrade credit rating is it further down?
no change.
check out my blog: forexmademillionaire dot com
  • #643
  • Feb 22, 2013 4:47pm Feb 22, 2013 4:47pm
Quoting Geppy
I didn't know you had an in with Moody's.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #644
  • Feb 22, 2013 4:59pm Feb 22, 2013 4:59pm
Quoting whatever007
I didn't know you had an in with Moody's.
There's a lot you don't know about me, brotha
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  • #645
  • Edited 5:21pm Feb 22, 2013 5:09pm | Edited 5:21pm
Damnn, luckily im in EJ right now lol.. Good for you geppy
Weird EJ went up after that news hmm

My F$&! It all account is long in GJ tho hahah . only .15 tho lol
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  • #646
  • Feb 22, 2013 5:43pm Feb 22, 2013 5:43pm
Quoting BobGnarly
Damnn, luckily im in EJ right now lol.. Good for you geppy
Weird EJ went up after that news hmm

My F$&! It all account is long in GJ tho hahah . only .15 tho lol
haha, thanks dude. Hopefully we continue down early next week and hit target by end of day Monday... definitely not out of the realm of possibilities.

I may do a "weekend analysis" tomorrow, but if I don't see you around, have a good one.
check out my blog: forexmademillionaire dot com
  • #647
  • Edited 6:58pm Feb 22, 2013 6:43pm | Edited 6:58pm
RSI has been bearishly divergent since 02/01/2013 on the 4H chart.

I am still waiting out my long position.

What goes up must come down and vice versa.

This sell off will create an oversold condition on the daily chart.

This should create a buying opportunity for a lot of big money.
Trade at your own risk.
  • #648
  • Feb 22, 2013 6:53pm Feb 22, 2013 6:53pm
Yep, your target is not too far out of the picture

Good weekend to you too man, cya sunday
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  • #649
  • Feb 22, 2013 7:13pm Feb 22, 2013 7:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: GJ W1 2-22.png Size: 44 KB


Not a pretty candle on the weekly chart. Some possible pullback areas. Should be some more good action next week.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #650
  • Feb 22, 2013 7:17pm Feb 22, 2013 7:17pm
Didn't the US get their credit rating downgraded? lol
Trade at your own risk.
  • #651
  • Feb 22, 2013 7:23pm Feb 22, 2013 7:23pm
Daily chart still has room to run down some more before it gets oversold.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ D1 2-22.png Size: 49 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #652
  • Feb 22, 2013 7:59pm Feb 22, 2013 7:59pm
Quoting whatever007
Daily chart still has room to run down some more before it gets oversold.

Attachment
Yea, that's cool.

But, your settings might be too conservative, you only had like two oversold conditions in the past year. lol

In any event, of course I do agree that we could always go lower before we go higher.

The only thing you can control is what price you are willing to buy or sell an asset.
Attached Image (click to enlarge)
Click to Enlarge Name: OVERSOLD.gif Size: 29 KB
Trade at your own risk.
  • #653
  • Feb 22, 2013 8:14pm Feb 22, 2013 8:14pm
Quoting Fx3423454
Yea, that's cool.

But, your settings might be too conservative, you only had like two oversold conditions in the past year. lol

LOL. Good catch. Although you have to agree those two entries were killer and could have made someones year if they are the buy and hold type. To be honest I don't really use indicators to trade. Maybe to see if there is a divergence once in a while.

Overall I think this is a correction on a daily basis and we will ultimately go much higher in the coming months. Correction could take a couple more weeks though. Nobody knows.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #654
  • Feb 22, 2013 9:38pm Feb 22, 2013 9:38pm
In Soros' view, the markets' moods — a "mood" of the markets being a prevailing bias or optimism/pessimism with which the markets look at reality — "actually can reinforce themselves so that there are these initially self-reinforcing but eventually unsustainable and self-defeating boom/bust sequences or bubbles".
Trade at your own risk.
  • #655
  • Feb 23, 2013 1:28pm Feb 23, 2013 1:28pm
Sup, Gep/Bob

What are your opinions on GBP/USD? Where is the bottom 150, 148, 145. How will Bernanke testimony affect GBP/USD? How big of an issue is the credit downgrade.

I feel like USD/JPY will continue uptrend next week once new BOJ candidate is announced. 95-95.5 area.
  • #656
  • Feb 23, 2013 9:22pm Feb 23, 2013 9:22pm
Quoting LiquidMonste
Sup, Gep/Bob

What are your opinions on GBP/USD? Where is the bottom 150, 148, 145. How will Bernanke testimony affect GBP/USD? How big of an issue is the credit downgrade.

I feel like USD/JPY will continue uptrend next week once new BOJ candidate is announced. 95-95.5 area.

Gbp/usd is a no touch for me at the moment, When something has started crashing or rising rapidly it's nearly impossible to have a bias and make a trade, well for me anyway. I dont mind sitting on the side lines until I see something that I can confirm. Butttttttt if I was a gambling man I would short this to the 1.49336 area.

All the yen pairs have had such an explosive rally and we are in the "is it in correction or reversal mode" News says the new front runner for BOJ is Kuroda, who is Firmly dovish and much more dovish than the previous leading candidate. If Big ben doesn't destory the usd when he speaks, and Kuroda is indeed the winner, I see the usd/jpy resuming and targeting the 95 area then 100. But its really hard to say and a lot of factors this week. Just be careful . Thats my 2 cents
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  • #657
  • Feb 23, 2013 9:25pm Feb 23, 2013 9:25pm
Quoting LiquidMonste
Sup, Gep/Bob

What are your opinions on GBP/USD? Where is the bottom 150, 148, 145. How will Bernanke testimony affect GBP/USD? How big of an issue is the credit downgrade.

I feel like USD/JPY will continue uptrend next week once new BOJ candidate is announced. 95-95.5 area.
I haven't traded Sterling in quite some time, so I have no insight into that pair. Sorry... maybe try the Sterling thread?
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  • #658
  • Feb 23, 2013 9:31pm Feb 23, 2013 9:31pm
Quoting Geppy
I haven't traded Sterling in quite some time, so I have no insight into that pair. Sorry... maybe try the Sterling thread?

This , lol
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  • #659
  • Feb 23, 2013 9:32pm Feb 23, 2013 9:32pm
Ready to kill it this week Gepp! Will be on tom night, peace
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  • #660
  • Feb 23, 2013 11:26pm Feb 23, 2013 11:26pm
Weekly chart still shows Uptrend and I will find a good position to buy GJ, but really need to be patient because from the the H4 chart, target movement down from the last 2 weeks it could be located in demand area of ​​H / L 140.80/139.80 (gray box in H4 chart). IMO. And then the scenario will be changed if the price stays down through the gray area: Bear is the winner.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj weekly.gif Size: 36 KB
Click to Enlarge Name: gj h4.gif Size: 44 KB
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