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Geppy's Geppy Thread (GBP/JPY)

  • #661
  • Feb 23, 2013 11:33pm Feb 23, 2013 11:33pm
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?
Hey Geppy, just found out about your Geppy thread.

Great idea my friend, I'll be following and contributing where I can.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #662
  • Feb 23, 2013 11:44pm Feb 23, 2013 11:44pm
Quoting KillerWhale
Hey Geppy, just found out about your Geppy thread.

Great idea my friend, I'll be following and contributing where I can.
At the moment I am 32 pips green but that's because a last minute 80 pip dump probably only on Oanda 30 minutes before they closed. With weekly close @ 141.65, Interbank which closes earlier shows weekly close of 142.44
New voice message: Why are you calling me? If I need you, I'll call you!
  • #663
  • Feb 24, 2013 2:56am Feb 24, 2013 2:56am
Quoting KillerWhale
At the moment I am 32 pips green but that's because a last minute 80 pip dump probably only on Oanda 30 minutes before they closed. With weekly close @ 141.65, Interbank which closes earlier shows weekly close of 142.44
Just found out there was a Moody's down grading of UK bond rating from AAA to AA1
New voice message: Why are you calling me? If I need you, I'll call you!
  • #664
  • Feb 24, 2013 4:22am Feb 24, 2013 4:22am
Quoting KillerWhale
Just found out there was a Moody's down grading of UK bond rating from AAA to AA1
So I guess no reason to cut my shorts.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #665
  • Edited 5:06am Feb 24, 2013 4:42am | Edited 5:06am
I know this is the GBP/JPY thread, but I would like to bring your attention to another GBP cross: GBP/NZD

Since the beginning of 2009, the pound has lost over 10.000 (yes, 10.000) pips against the NZD, and is now cleared its all time historical low of 1.8632. In other words there is no known support at present levels, and or there is no more bottom for the pair:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDMonthly.png Size: 63 KB


GBP/NZD Historical Monthly

IMO this offers a unique opportunity which should not be ignored, if not for a trade, then at least for educational purposes.

What is the future "real value" of the pair, and who will buy at levels which are singularly uncharted? Of course as long GBP continues to tumble against its counterparts, it's highly likely that this cross will decline, but just where is the bottom now?

AUD/USD did the same thing in 2010/2011 to the upside, and I'm sure if you look for other examples of break outs from historical levels you'll find them. You will also notice that each break gives at least a couple hundred pips continuation, with a reversal opportunity.

Sorry for the thread-jack, but I think it was worthy of a mention.

PS: I originally posted this in the Cable thread, but thought it could also be of interest here.
  • #666
  • Feb 24, 2013 8:46am Feb 24, 2013 8:46am
Quoting BobGnarly
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...

Seems he has a bigger lead as of this morning....
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  • #667
  • Feb 24, 2013 8:50am Feb 24, 2013 8:50am
144 this week ???

http://online.wsj.com/article/SB1000...457219728.html

Read very carefully guys ...
  • #668
  • Feb 24, 2013 9:53am Feb 24, 2013 9:53am
Quoting BobGnarly
Ready to kill it this week Gepp! Will be on tom night, peace
Hell yeah, my man. It's finally Sunday and I'm ready to slay the beast!
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  • #669
  • Feb 24, 2013 9:53am Feb 24, 2013 9:53am
Quoting KillerWhale
Hey Geppy, just found out about your Geppy thread.

Great idea my friend, I'll be following and contributing where I can.
YES! Good to see you, bro. I'm diggin the new avator.
check out my blog: forexmademillionaire dot com
  • #670
  • Feb 24, 2013 1:05pm Feb 24, 2013 1:05pm
xe.com is showing us printing 142.63

I don't put much stock into "pre-open" quotes, but it's been climbing back all morning according to them.

interesting.

It seems to be bolstered by USD/JPY strength which is being driven by Kuroda leading the pack.
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  • #671
  • Feb 24, 2013 1:43pm Feb 24, 2013 1:43pm
Quoting Geppy
xe.com is showing us printing 142.63

I don't put much stock into "pre-open" quotes, but it's been climbing back all morning according to them.

interesting.

It seems to be bolstered by USD/JPY strength which is being driven by Kuroda leading the pack.

Yep, been saying it since friday bro. Kuroda is very dovish indeed...
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  • #672
  • Feb 24, 2013 1:53pm Feb 24, 2013 1:53pm
Quoting BobGnarly
Yep, been saying it since friday bro. Kuroda is very dovish indeed...
Not doing anything to get USD/JPY to new highs yet. Not to mention, GBP/JPY...
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  • #673
  • Feb 24, 2013 1:58pm Feb 24, 2013 1:58pm
Quoting Geppy
Not doing anything to get USD/JPY to new highs yet. Not to mention, GBP/JPY...

Yea I dont know if new highs will be reached, just that it opens up and I profit is all I care.. If there is a sell off after the fact, I'll short, if there is a rally I will stay long.. Just making money is all I care.
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  • #674
  • Feb 24, 2013 1:58pm Feb 24, 2013 1:58pm
Quoting Geppy
Not doing anything to get USD/JPY to new highs yet. Not to mention, GBP/JPY...

No sooner do I finish typing...
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  • #675
  • Feb 24, 2013 2:01pm Feb 24, 2013 2:01pm
Quoting BobGnarly
Yea I dont know if new highs will be reached, just that it opens up and I profit is all I care.. If there is a sell off after the fact, I'll short, if there is a rally I will stay long.. Just making money is all I care.
Yeah, the problem is we're in a tug-of-war. Sterling is down big since Friday's close which is hindering any real, solid rally.

blah.
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  • #676
  • Feb 24, 2013 2:02pm Feb 24, 2013 2:02pm
Am I seeing things or is EJ up 200
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  • #677
  • Feb 24, 2013 2:05pm Feb 24, 2013 2:05pm
Quoting BobGnarly
Am I seeing things or is EJ up 200
That would make sense considering Euro isn't getting pummeled like Sterling is.
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  • #678
  • Feb 24, 2013 2:09pm Feb 24, 2013 2:09pm
Quoting Geppy
That would make sense considering Euro isn't getting pummeled like Sterling is.

Getting Lucky is very nice sometimes lol...
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  • #679
  • Feb 24, 2013 2:55pm Feb 24, 2013 2:55pm
Quoting Geppy
haha, I'm well aware dude.

My chart isn't looking so bad now, eh? And everyone thought I was crazy for shorting it last night
Looking real good.
  • #680
  • Feb 24, 2013 2:58pm Feb 24, 2013 2:58pm
U/J - 93.39

No change as far as I can tell...

GBP/JPY gapping down about 100 pips! Currently @ 141.59

EDIT: Nevermind... Something is wrong with Oanda rates... LOL
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